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What strategic intent actually means in terms of the behaviour of a company and its managers?
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Strategic Project Management?
Strategic project management is used to grow the business. Project managers choose projects that align with the strategic objectives of the company.
Who makes strategic decisions in an organization?
Strategic decisions, which affect the long-term direction of the entire company, are typically made by top managers.
Role of quantitative technique in business?
Quantitative techniques in business managers make better decisions. Managers can use the information to determine strategic objectives for the company.
What do managers actually do?
Concerning a business, a manager is a person who is in charge of a department or some function in a company, or in any organization actually. Managers usually supervise other employees.
Describe the extent of your responsibility in setting strategic direction?
Executive managers play a major role in setting the strategic direction of the organization. Based on their functional areas, they are able to move the company ahead of competitors.
What is the function of portfolio manager?
the function of the portfolio manager is to manage the investments of someone else,such managers are also performing there responsibilities in the situations where one company have many SBU's and then these managers are responsible for controlling these strategic business units....as they acts as collection of investments for the parent company.
How do strategic operational and tactical planning differ and How might the three levels complement one another in an organization?
There are two types of planning that are engaged in by managers at a various levels in a company: strategic and operational planning. Both types of planning add value to the company. Strategic planning sets the goals, purpose and direction of a company and is performed by top-level engineering managers (i.e. chief technology officer and vice president of engineering) while operational planning defines specific tactics and action steps needed to accomplish the goals specified by top management and is performed by managers at both middle levels (managers and directors) and lower levels (supervisors and group leaders). Strategic planning focuses on identifying worthwhile future activities. Specifically, strategic planning assures that company applies it resources - core competencies, skilled manpower resources, business relationships, etc. - effectively to achieve the short - and long - term goals of the company while in operational planning managers, supervisors and group leaders specify events and tasks that can be implemented with the least amount of resources within the shortest period of time. Operational planning ensures that the company applies its resources efficiently to achieve its states goals.
What is the difference between management and strategic management?
Management: "Getting work done through people." That's the classic business school definition of 'management.' Strategic Management: "Setting goals and objectives for an enterprise (a business or company in most cases)." Usually a small group of executives--or the owner--of a company or other enterprise sets down a mission statement consisting of goals and objectives that company seeks to attain and by which that company will be "managed." Individual "managers" direct employees in the company to coordinate the effort to attain the strategic goals agreed upon by the owners or board of directors.
What is corporate strategic planning?
Corporate strategic planning is a process by which a company defines its objectives and missions. It is essential in the workings of a large company to have a strategic plan in place
What is a sentence with the word strategic?
The castle was built in a strategic location.We need a good strategic plan to turn the company around.Chess is a strategic game.
What is the purpose of the functional area manager?
Functional area managers manager specific departments based on its function. These managers gain insight about the company that executive managers can use to increase the company's profitability.
What is Strategic Sale in Indian Context?
strategic sale in Indian context is the market share of the company.
