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In what sense does the top management of company make the company's decisions verses in what sense do they not make the company's strategic decisions alone?
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∙ 15y ago
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Wiki User
∙ 15y ago
Wiki User
∙ 15y ago•Focus on decision-making at the top level of the organization
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Difference between strategic marketing and strategic management?
Strategic management is the process of specifying an organization's objectives, developing policies and plans to achieve these objectives, and allocating resources to implement the policies and plans to achieve the organization's objectives. It is the highest level of managerial activity, usually performed by an organization's Chief Executive Officer (CEO) and executive team. Strategic management provides overall direction to the enterprise. Strategic management is a combination of strategy formulation and strategy implementation. "Marketing is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to satisfy customers." Marketing management is a business discipline focused on the practical application of marketing techniques and the management of a firm's marketing resources and activities. Marketing managers are often responsible for influencing the level, timing, and composition of customer demand in a manner that will achieve the company's objectives.
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.
Factors affecting share price?
The following items affect a share's price # Market Sentiment # The company's performance # Any strategic decisions taken by the company # Change in management # Merger and Acquisition # etc...
What are the dimensions of strategic management?
Decision making is a managerial process. It is the function of choosing a particular course of action out of several alternative courses for the purpose of accomplishment of the organisational goals.Decisions may relate to general day to day operations. They may be major or minor. They may be strategic, tactical or operational in nature.Major dimensions of strategic decisionsThe major dimensions of strategic decisions are as follows:1. Strategic issues require top-management decisions:Strategic issues involve thinking in totality of the organization's objectives in which a considerable amount of risk is involved. Hence, problems calling for strategic decisions require to be considered by the top management.2. Strategic issues involve the allocation of large amounts of company resources:It may require either a huge financial investment to venture into a new area of business or the organization may require a huge amount of manpower with new skill sets.3. Strategic issues are likely to have a significant impact on the long term prosperity of the firm:Generally the results of strategic implementation are seen on a long term basis and not on immediate terms.4. Strategic issues are future oriented:Strategic thinking involves predicting the future environmental conditions and how to orient for the changed conditions.5. Strategic issues usually have major multifunctional or multi- business consequences:As they involve organization in totality they affect different sections of the organization with varying degree.6. Strategic issues necessitate consideration of factors in the firm's external environment:Strategic focus in an organization involves orienting its internal environment to the changes of external environment.
In decisions made in a system primarily based on markets?
Private company makes thier own decisions
1 Explain in what sense the top management makes the companys decisions and in what sense it does not make the companys strategic decisions alone Illustrate with suitable examples?
1. Explain in what sense the top management takes decisions for a company and in what sense it does not takes the strategic decisions for a company alone? Illustrate with suitable examples.
What is policy and strategy?
Using business policy and strategy is called strategic management. Strategic management helps business make decisions and use information that help achieve company objectives.
What is business policy and strategy?
Using business policy and strategy is called strategic management. Strategic management helps business make decisions and use information that help achieve company objectives.
What are some examples of strategic management?
Our market and industry expertise is built around a broad and loyal customer base. We know the Norwegian market and can provide support throughout the whole process and be your strategic and operational. Strategic management is the planned use of a business' resources to reach company goals and objectives. Strategic management requires ongoing evaluation of the processes and procedures within an organization and external factors that may impact how the company functions. The process of strategic management should guide top-level programs and decisions.
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.
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.
Why strategic management is necessary to be understood by all employees of a firm?
It is important that employees understand the strategic vision of the form so that the decisions they make day-to-day further the company getting to that vision. If people don't know where they are supposed to be going, the chances of getting there are slim. That doesn't mean they need to understand strategic management, just that they understand the plan and goals that came out of the strategic management process.
How long you stay in this company?
As long as i can understand the companys management and still putting their trust on me.
What is strategic financial management?
Strategic financial management is a study of finance. It will a study a company with its long term goals in mind for more reference.
What strategic decisions did William F. Hecht make in 2003 as CEO of PPL?
realigning the company's management and broadening the executive team in the process. His goal was to further sharpen the company's focus. This move, noted analysts, reflected Hecht's disciplined but opportunistic management style
Define a company and explain how shareholders exercise control of the company business and directors conduct in the management of the companys affairs?
answer question please
What is the importance of a consulting customer management relationship?
A consulting management relationship can improve the a companys interaction with its clients and sale prospects. This can extend company life and maximize company profits.
