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Why is strategic management dynamic not static?
Strategy is always a recurring mechanism which can be achieved by dynamic approach but not a static approach...to an extent strategy can be static...for instance..when a company has achieved break-even or when there is monopoly or when the company has highly equipped technology....but, this situation will not be stagnant in any company.....whereas dynamic approach is needed for continuos r&d in a company...and in todays world, dynamic approach is definitely needed because of huge competition due to Globalization.
What is the distinction between requirements and scope in project management?
In project management, requirements refer to the specific functionalities or features that a project must deliver, while scope defines the boundaries of the project in terms of what is included and excluded. Requirements focus on what needs to be achieved, while scope outlines the extent of the project's work.
Role of information technology in a 21st century business organization?
information technology has emerged as the fundamental technology of business. information system has brought revolution in business. The barrier to communication has been over come to a great extent time and distance has been conquered to a great extent by the system. Technology is an enabler for more effectively managing the business, but does not solve the problem unless it is tied directly to business and governance objectives. There is an urgent need for IT in underdeveloped areas where access to even the smallest bits of knowledge can have far-reaching, long term effects Management Information system will help understand how all firms today, large and small, local and global, use information systems to achieve important business objectives, such as operational efficiency, customer and supplier intimacy, better decision making and new products and services. Data management .By using databases and data tools you can spot trends and make business decisions. Humanity has progressed from agricultural revolution to the industrial revolution and is now moving to an information revolution.
What extent does organizational behavior borrow from other discipline?
planning, organizing, leading, controlling
Explain the concept of mbo describe its key features and critically analyze the extent of feasibility and unfulness of mbo in the present day business scenario?
Management by objectives (MBO) is a process of defining objectives within an organization so that management and employees agree to the objectives and understand what they need to do in the organization.The term "management by objectives" was first popularized by Peter Drucker in his 1954 book 'The Practice of Management'.[1]The essence of MBO is participative goal setting, choosing course of actions and decision making. An important part of the MBO is the measurement and the comparison of the employee's actual performance with the standards set. Ideally, when employees themselves have been involved with the goal setting and choosing the course of action to be followed by them, they are more likely to fulfill their responsibilities.According to George S. Odiorne, the system of management by objectives can be described as a process whereby the superior and suborization jointly identify its common goals, define each individual's major areas of responsibility in terms of the results expected of him, and use these measures as guides for operating the unit and assessing the contribution of each of its members.[2]Features and advantagesUnique features and advantages of the MBO processThe principle behind Management by Objectives (MBO) is for employees to have a clear understanding of the roles and responsibilities expected of them. They can then understand how their activities relate to the achievement of the organization's goal. MBO also places importance on fulfilling the personal goals of each employee. Some of the important features and advantages of MBO are:Motivation - Involving employees in the whole process of goal setting and increasing employee empowerment. This increases employee job satisfaction and commitment.Better communication and Coordination - Frequent reviews and interactions between superiors and subordinates helps to maintain harmonious relationships within the organization and also to solve many problems.Clarity of goalsSubordinates tend to have a higher commitment to objectives they set for themselves than those imposed on them by another person.Managers can ensure that objectives of the subordinates are linked to the organization's objectives. Domains and levelsObjectives can be set in all domains of activities (production, marketing, services, sales, R&D, human resources, finance, information systems etc.). Some objectives are collective, for a whole department or the whole company, others can be individualized.PracticeObjectives need quantifying and monitoring. Reliable management information systems are needed to establish relevant objectives and monitor their "reach ratio" in an objective way. Pay incentives (bonuses) are often linked to results in reaching the objectives. LimitationsThere are several limitations to the assumptive base underlying the impact of managing by objectives, including: 1. It over-emphasizes the setting of goals over the working of a plan as a driver of outcomes.2. It underemphasizes the importance of the environment or context in which the goals are set. That context includes everything from the availability and quality of resources, to relative buy-in by leadership and stake-holders. As an example of the influence of management buy-in as a contextual influencer, in a 1991 comprehensive review of thirty years of research on the impact of Management by Objectives, Robert Rodgers and John Hunter concluded that companies whose CEOs demonstrated high commitment to MBO showed, on average, a 56% gain in productivity. Companies with CEOs who showed low commitment only saw a 6% gain in productivity.3. Companies evaluated their employees by comparing them with the "ideal" employee. Trait appraisal only looks at what employees should be, not at what they should do.When this approach is not properly set, agreed and managed by organizations, self-centered employees might be prone to distort results, falsely representing achievement of targets that were set in a short-term, narrow fashion. In this case, managing by objectives would be counterproductive.The use of MBO must be carefully aligned with the culture of the organization. While MBO is not as fashionable as it was before, it still has its place in management today. The key difference is that rather than 'set' objectives from a cascade process, objectives are discussed and agreed upon. Employees are often involved in this process, which can be advantageous.A saying around MBO - "What gets measured gets done", 'Why measure performance? Different purposes require different measures' - is perhaps the most famous aphorism of performance measurement; therefore, to avoid potential problems SMART and SMARTER objectives need to be agreed upon in the true sense rather than set.Arguments againstMBO has its detractors, notably among them W. Edwards Deming, who argued that a lack of understanding of systems commonly results in the misapplication of objectives.[3] Additionally, Deming stated that setting production targets will encourage resources to meet those targets through whatever means necessary, which usually results in poor quality.[4] Point 7 of Deming's key principles encourages managers to abandon objectives in favour of leadership because he felt that a leader with an understanding of systems was more likely to guide workers to an appropriate solution than the incentive of an objective. Deming also pointed out that Drucker warned managers that a systemic view was required [5] and felt that Drucker's warning went largely unheeded by the practitioners of MBO.
Evaluate the extent to which Metternich achieved his aims for Austria and Europe.?
hahahahahaha is this from GWA?
Evaluate the benefits for Tesco in providing a structured training programme To what extent do you think the training has achieved a Return on Investment?
To what extent do you think the training has achieved a Return on Investment? tesco
What is Objectives Oriented Evaluation Approach to program evaluation?
Objectives Oriented Evaluation Approach is the means by which the worth or merit of a program is assessed based on the extent to which the objectives or purposes of the program are being achieved.
What is the process of gauging the extent to which marketing objectives have been achieved during a specified time period?
The process of gauging the extent to which marketing objectives have been achieved involves setting clear, measurable goals and key performance indicators (KPIs) at the outset. After the specified time period, data is collected and analyzed to compare actual performance against these benchmarks. This evaluation often includes metrics such as sales figures, customer engagement, and market share. Finally, insights gained from this analysis inform future marketing strategies and adjustments.
At what extent are the aims and objectives being met at Cadbury?
Ask your Dad
To what extent do demand-side policies lead to conflicts in macroeconomic objectives?
nobody knowa
What is the purpose of lymphangiography?
Lymphangiography gives precise information on the extent and location of lymph vessels and lymph nodes. Oftentimes, it is performed to evaluate the extent of a lymphatic cancer.
What is the greatest extent possible that can be achieved with the given resources?
The maximum potential that can be reached with the available resources.
Your tendency to overestimate the extent to which others notice and evaluate your appearance and performance is called?
This tendency is known as the spotlight effect. It refers to our belief that others are paying more attention to us than they actually are, leading us to overestimate the extent to which they notice and evaluate our appearance and performance.
Extent of success achieved pertaining to poverty in India?
only 35% of people are poor and that's all _________
Extent of success achieved pertaining to the poverty in India?
only 35% of people are poor and that's all _________
What is achieved by monitoring standard costs?
Standard costs are monitored as a basis for determining the extent to which expectations are realized.
