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Why is it important for a firm to examine its internal resources before deciding on a strategy?
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Induced strategic behavior?
Induced strategic behavior is a top-down process that link current strategy and structure to create innovation intertwined with that strategy and structure. This form of venturing filters strategy a structural hierarchy and results in internal innovation that is highly consistent with the firm's current strategy.
What strategy did the sierra club us to protect limited resources?
It lobbies for the creation of national parks.
Factors affecting compensation strategy?
The factors influencing compensation management are broken into two categories: Internal and ExternalInternalCorporate philosophyCorporate missionBusiness strategyHuman resources philosophy and strategyTotal rewards philosophy and strategyCorporate cultureShareholder expectationsCorporate structureCosts/resource availabilityExternalCommunity cultureCompetitionEconomicsIndustry characteristicsLabor marketLegal/regulatoryTechnologyGlobalization
What is the most important pricing strategy for a perfectly competitive firm?
Minimizing cost
Is the study of economics necessary in a situation of abundant resources?
is the study of economics necessary in a situation of abundant
Why it is important for human resources management systems to be in sync with an organization's strategy and goals and with each other?
why it is important for human resource management systems to be in sync with an organization's strategy and goals
What is corporate strategy?
These are basically about decisions related to allocate the resources among different business of a firm,to transfer the resources from one set of business to others,to manage and nurture of port polio business .These decisions are taken to gain corporate level strategies.
What are the criteria for effective strategy?
The three tests for an effective strategy are: external, internal, and dynamic consistency.
Dimensions of a strategic HRM?
HR strategy - vision and mission - Business strategy HR strategy - Internal context - External context
What important strategy was used by the American forces in the Pacific?
Island hopping, also called leapfrogging, was an important military strategy in the Pacific Theater of World War II. The strategy was to bypass heavily fortified Japanese positions and instead concentrate the limited Allied resources on strategically important islands that were not well defended but capable of supporting the drive to the main islands of Japan
What is strategy limitation?
Strategy limitation refers to constraints imposed on you business. These constraints can be either internal or external to your business.
What flaw existed in the confederacy's strategy for victory?
They did not possess enough resources to stay the course of their defensive strategy.
How organization allocate scarce resources in a competitive environment?
It is common to see organizations allocating limited and uncommitted resources to improve internal and external communications systems. In order to effectively develop and implement a communications and engagement strategy that enhances the organization's work, it is essential to allocate and secure the necessary human, financial, technical and institutional resources. This means: * Having a staff member or a team in charge of the specific task to develop, implement, maintain and review the strategy. * Setting out time for meetings with other staff members and "top management" to review internal and external communication needs and preferred communication tools. * Identifying all the technical and equipment requirements to fulfill the strategy's goals, including capacity building needs within the organization. * Allocating the proper amount of financial resources to: a) cover the staff time required for developing, implementing, maintaining and reviewing the strategy; b) acquire the necessary equipment and build the capacity in-house for the use of different communication tools that will fulfill the strategy's goals. * Having access to different institutional resources, such as library resources, organizational archives and board of directors meetings, will provide relevant information for developing, implementing and maintaining the communications and engagement strategy.
How Internal audit is different from Risk based internal audit?
A risk base internal audit is latest approach to ensure best practices aiming at maximizing the impact of audit by focusing on the major strategy ,regulatory, financial and operation risk that confront an organization while internal audit is traditional independent examination of financial and operation of an organization to ensure economic,effective and efficiency utilization of an organizations resources
What is a sentence for strategy?
Ramone had a well-researched strategy. Having a strategy is important. Ted used a time-tested strategy. The strategy is to stay on course.
Importance of statistics to business?
Businesses rely heavily on statistics to determine consumer trends and calculate important economic data. The data that is collected and the information derived from that data is useful in planning an advertising strategy based on demographics and geographies, and internal statistical data guides the business on how they should allocate their resources to insure the greatest profit margin.
Why is strategy important in management?
strategy is to solve the problem: where we are? where want to go? And how we get there? Without the strategy, aimless in management.
