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Who is responsible for policies and procedures in an organization?
In an organization, the responsibility for policies and procedures typically falls to senior management and leadership, including the board of directors and executive officers. They set strategic direction and ensure that policies align with organizational goals and compliance requirements. Additionally, specific departments, such as human resources or compliance, may develop and implement these policies, while all employees are expected to adhere to them. Ultimately, accountability for effective policy management often rests with designated individuals or teams within the organization.
Strategic management audit?
Systematic assessment of methods and policies of a firm's management in the administration and the use of resources, tactical and strategic planning, and employee and organizational improvement. Its objectives are to (1) establish the current level of effectiveness, (2) suggest improvements, and (3) lay down standards for future performance. Management auditors (employees of the firm or independent consultants) do not appraise individual performance, but may critically evaluate the senior executives as a management team. See also performance audit. By Mohammed Shafi, RIMS Bangalore
What are the HR policies of IDBI bank?
IDBI Bank's HR policies focus on promoting a culture of inclusivity, diversity, and employee engagement. They emphasize recruitment based on merit, providing equal opportunities for growth and development, and fostering a work environment that encourages innovation and teamwork. The bank also implements performance management systems, training programs, and employee welfare initiatives to enhance job satisfaction and retention. Overall, IDBI Bank aims to align its HR practices with its strategic objectives to drive organizational success.
Who develops the most general goals and policies for the organizations or businesses?
In small businesses the owners create the business policies. In larger corporations, executive managers establish the business policies based on the strategic direction of the organization.
What is the objective of CBN and how does it affects you as a banker?
The objective of the Central Bank of Nigeria (CBN) is to maintain monetary stability, regulate the financial system, and promote economic growth by implementing effective monetary policies. As a banker, CBN's policies, such as interest rates and reserve requirements, directly impact lending practices, liquidity management, and overall operational strategies. Changes in these policies can influence the cost of borrowing for customers and the bank's profitability. Additionally, CBN's regulations ensure compliance and risk management within the banking sector.
Who are the people contribute to management?
Managers and executive mangers contribute to management. Executive managers create the policies and practices that govern employees while they are at work.
What is strategic change management?
changing policies and procedures
What are the relations and difference between business policy and strategic management?
Policies help businesses carry out their strategic objectives. When the business strategy changes, so will their policies. Strategies change as the business environment changes.
Assinment of Land management?
Land management involves planning, developing, and conserving land resources for various purposes such as agriculture, forestry, urban development, and conservation. It includes activities like soil conservation, water management, biodiversity conservation, and sustainable land use practices to ensure the efficient and sustainable use of land resources. Strategic planning, monitoring, and enforcement of land use policies are essential components of effective land management practices.
What are the objectives of credit management or control?
Involves the policies and practices retailers follow in receiving payments from their customers.
What is gap in human resouce management?
A gap in human resource management refers to the discrepancies between the current state of HR practices and the desired outcomes or standards. This can manifest in various areas such as recruitment, employee engagement, training, or performance management. Identifying these gaps is crucial for organizations to enhance productivity, employee satisfaction, and overall performance. Addressing these gaps often involves strategic planning and implementation of new HR policies or practices.
Who is primarily responsible for implementing the policies and strategic direction of the hospital or healthcare organization and for building an effective executive management team?
The Chief Executive Officer (CEO) is primarily responsible for implementing the policies and strategic direction of the hospital or healthcare organization. The CEO also plays a crucial role in building and leading an effective executive management team to ensure that organizational goals are met and that the institution operates efficiently. This includes collaborating with other senior leaders to align operational practices with the overall vision and mission of the organization.
Who is responsible for implementing the policies and strategic direction of the hospital or healthcare organization and for building an effective executive management team?
the chief executive officer
What are the functions of supply chain management?
strategic function: channel design: and network strategy tactical function: warehousing design and operation : transportation management: materials management operational function information system: policies and procedures :change management
What is the difference between global strategic management and strategic management in the domestic context?
Strategies are formulated based on environmental forces. Diversity management is more apt in Global context than domestic context. On the face of it formulation of strategies may appear to be same for all markets but the implementation component is impacted by diversity. Thus the domestic Strategic Management differs from Global Strategic Management in several dimensions, the critical of them being being diversity (of all types), Scale, Distances, Exchange Rates and National Policies.
What is the function of the corporate planning department?
Strategic Management - strategic planning; corporate performance through balanced scorecard; risk management; organizational excellence; alignment of methods of operations; polices formulation & implementation Financial Management - corporate financial policies, financial procedures, resource allocation; resource utilization; F/S & Management reports
What are Pricing Decisions Policies and Practices?
what is pricing decisions policies and practices
