Managers should examine alternatives before they determine their course of action. Without examining alternatives they may make a bad decision.
Some advantages of strategic planning are: it leads to sustainable competitive advantage, improves resource allocation, reduces resistance to change, identifies strategic goals and strategic intent and facilitates communication between managers. Disadvantages include: complex process, low rate of successful implementation and costly to perform for small and medium business.
to detect and address potential problems
As prof of competence to potential employers.
One disadvantage of traditional control techniques often create distance between managers and employees. Modern control techniques have the disadvantage that they can create ambiguity in roles. The advantage of traditional control is that is creates a sense or order.
One disadvantage to managing personnel is the fact that it is time consuming. Managers have to micromanage employees on a daily basis.
Advantages it allows for coordination it allows for performance evaluation it helps focus the minds of top management of other aspects of the company It encourages and motivates the managers because they have a sense of independence It helps prepare managers for future higher level positions
Disadvantages Resources are limited financing available for growth is not sufficent Advantages Resources areused efficently adopts new tehhnologies quickly
Some advantages of strategic planning are: it leads to sustainable competitive advantage, improves resource allocation, reduces resistance to change, identifies strategic goals and strategic intent and facilitates communication between managers. Disadvantages include: complex process, low rate of successful implementation and costly to perform for small and medium business.
to detect and address potential problems
A disadvantage to management is the fact that some managers abuse their power. Managers that abuse their power aren't good for the organization.
One advantage of management by exception is the fact that managers can easily focus on remedying a problem. One disadvantage is the fact that management may miss other problems while focusing on one area.
The four criteria managers use are: Legality Economic feasibility Practicality Ethicalness
agency
advantages1. increases efficiency2. its appropriate for giving instructions3. ensures that everyone is working towards goals and objectivesdisadvantages1. info can be distorted as it goes down2.information overload3. lack of openness between managers and employees
As prof of competence to potential employers.
Disadvantages of capital intensive are:-Workers get bored with their job-Need to retrain workers/managers-Profit will decrease in short term-May need to build or find bigger building for machineryAdvantages of capital intensive are:-More profit in long term-Benefit from economies of scale-Increased productivity-Cheaper 'labor'
*Everyone* is responsible for being alert to potential problems in the workplace, workers, supervisors, managers, etc.