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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.
What do you mean annual plan?
An annual plan is a strategic outline that details an organization's goals, objectives, and the specific actions needed to achieve them over the course of a year. It typically includes budgeting, resource allocation, and timelines to ensure all team members are aligned and focused on common priorities. This plan serves as a framework for measuring progress and making necessary adjustments throughout the year.
What does allocated funds mean?
Allocated funds refer to money that has been designated for a specific purpose or project within a budget. This allocation indicates that the funds are reserved and should be used for the intended use rather than for general expenditure. Organizations, governments, and businesses typically allocate funds to ensure proper financial planning and resource management.
What does improving profitability mean?
Improving profitability refers to enhancing a company's ability to generate more profit from its operations. This can be achieved through various strategies, such as increasing revenue, reducing costs, or optimizing resource allocation. A higher profitability indicates better financial health and efficiency, allowing the business to reinvest, pay dividends, or build reserves. Ultimately, it reflects the effectiveness of a company's management and operational strategies in creating value.
What does the time resource mean?
something
What does resource allocation mean?
'Resource Allocation' is a management terminology phrase for the scheduling of activities and resources needed to complete them whilst taking into consideration both the time needed to complete and effort it will take.
What is managing extrapolation in strategic management?
what is mean of extrapolation in management practise?
What does strategic mean in strategic management?
Very well thought out. Hope this helps :)
What does efficient resource allocation mean?
economic resources-land, labor and capital-will be used for their most valuable purposes.
Human Resource Management project reports for MBA students?
Recruitment and selection processPerformance appraisalAttritionRetentionCustomer satisfactionstress managementcompensation structureorganization cultureRecruitment and selection processPerformance appraisalAttritionRetentionCustomer satisfaction
What do you mean by ETOP in strategic management?
ETOP in strategic management stands for Environmental Threat and Opportunity Profile. Preparing ETOP involves analyzing the impact of each sector of the environment.
What does levels of usage mean?
Levels of usage refer to the varying degrees or frequencies with which a particular product, service, or resource is utilized by individuals or groups. This concept can be applied across different contexts, such as technology adoption, consumer behavior, or resource management, and helps in understanding patterns of engagement, efficiency, or effectiveness. Analyzing levels of usage can inform decisions related to marketing strategies, product development, and resource allocation.
Develop a series of questions for determining the proportion of households with children?
What do you mean by Human Resource Management? Also discuss, in brief, both the 'managerial' and the 'operative functions' of Human Resource Management.
What is mean by professional service management?
Professional service management refers to the strategic approach of overseeing and optimizing the delivery of services provided by professionals, such as consultants, accountants, and legal advisors. It focuses on enhancing operational efficiency, improving client satisfaction, and ensuring quality service delivery through effective resource allocation, project management, and performance measurement. This discipline often involves implementing best practices, leveraging technology, and fostering collaboration among teams to meet client needs effectively. Ultimately, it aims to drive business success by aligning service offerings with market demands.
What are the three types of formal organization instruction?
I think you mean levels of management? Strategic Tactical Operational
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.
What does MRM mean?
Maintenance Resource Management (MRM), human-error reduction in aviation maintenance operations
