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The four basic philosophies that guide strategic management in most multinational corporations (MNCs) are global standardization, local responsiveness, transnational strategy, and international strategy. Global standardization focuses on uniformity and efficiency across markets, while local responsiveness adapts strategies to meet regional demands and preferences. The transnational strategy seeks to balance global efficiency with local adaptation, and international strategy typically involves exporting products from a home country to foreign markets with minimal local customization. Together, these philosophies help MNCs navigate the complexities of operating in diverse global environments.

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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.


What are 'objectives' in strategic management?

In strategic management, objectives are specific, measurable goals that an organization aims to achieve to fulfill its mission and vision. They provide direction and serve as benchmarks for evaluating progress and performance. Objectives help align resources and efforts across the organization, ensuring that all departments work towards common outcomes. Ultimately, they guide decision-making and strategic planning processes.


When was A Guide to the Project Management Body of Knowledge created?

A Guide to the Project Management Body of Knowledge was created in 1996.


How does it impact the human resource management practice in organization?

Trainer work is to nurushing the trainee in a good way. Explain all from basic to top, like all about the job responsibilities and basic hygiene, apart from that build them and guide them about stabilty.


Who is responsible for operational control?

Operational control is typically the responsibility of middle management and supervisors within an organization. They oversee day-to-day activities, ensure that processes are followed, and make adjustments as needed to meet operational goals. Additionally, senior management sets the strategic direction and policies that guide operational control, but it is the frontline managers who implement and monitor these operations directly.

Related Questions

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.


What has the author Colin A Mawson written?

Colin A Mawson has written books on topics related to strategic management, business development, and leadership in organizations. Some of his notable works include "Strategic Planning: A Practical Guide" and "The Business Development Guide."


What has the author Ralph D Stacey written?

Ralph D. Stacey has written: 'Dynamic Strategic Management for the 1990s' 'Strategic management and organisational dynamics : lecturer's guide' -- subject(s): Business planning, Study and teaching (Higher) 'Complexity and organizational realities' 'Strategic management and organisational dynamics' -- subject(s): Strategic planning, Organizational behavior 'The chaos frontier' -- subject(s): Industrial management, Organizational behavior, Strategic planning 'Managing the unknowable' -- subject(s): Management, Organizational effectiveness, Strategic planning 'Complexity and the experience of values, conflict and compromise in organizations' -- subject(s): Interorganizational relations, Management, Complex organizations, Organizational change, Organizational effectiveness, Corporate culture


What are some different philosophies for life that can guide individuals in making decisions and finding meaning?

Some different philosophies for life that can guide individuals in making decisions and finding meaning include existentialism, stoicism, utilitarianism, and humanism. These philosophies offer different perspectives on how to approach life's challenges and find purpose and fulfillment.


What are 'objectives' in strategic management?

In strategic management, objectives are specific, measurable goals that an organization aims to achieve to fulfill its mission and vision. They provide direction and serve as benchmarks for evaluating progress and performance. Objectives help align resources and efforts across the organization, ensuring that all departments work towards common outcomes. Ultimately, they guide decision-making and strategic planning processes.


What has the author Kathy Bonk written?

Kathy Bonk has written: 'The Jossey-Bass guide to strategic communications for nonprofits' -- subject(s): Nonprofit organizations, Corporations, Public relations, Management


What has the author Leo J Malone written?

Leo J. Malone has written: 'Basic Concepts of Chemistry/With Study Guide' 'Basic Concepts of Chemistry Custom Pub for Univeristy Colorado at Boulder (Chemistry 1021)' 'Basic Concepts of Chemistry, With Math Skills Website' 'Malone Study Guide to Accompany Basic Concepts O F Chemistry' 'Basic Concepts of Chemistry 6e Tr' 'Basic Concepts of Chemistry' 'Study Guide to Accompany Basic Concepts of Chemistry' 'Basic Concepts of Chemistry, Study Guide'


What has the author James Dillehay written?

James Dillehay has written: 'The Basic Guide to Selling Crafts on the Internet' 'Your Guide to Ebook Publishing Success' 'Directory of Grants for Crafts and How to Write a Winning Proposal' 'Weaving profits' -- subject(s): Handloom industry, Management 'The basic guide to pricing your craftwork' -- subject(s): Art, Handicraft, Marketing, Selling


When was A Guide to the Project Management Body of Knowledge created?

A Guide to the Project Management Body of Knowledge was created in 1996.


Who is the author of A Guide to the Project Management Body of Knowledge?

A Guide to the Project Management Body of Knowledge is a book by Project Management Institute. The book talks about knowledge in the project management profession.


How does it impact the human resource management practice in organization?

Trainer work is to nurushing the trainee in a good way. Explain all from basic to top, like all about the job responsibilities and basic hygiene, apart from that build them and guide them about stabilty.


What has the author Fisher Howe written?

Fisher Howe has written: 'The board member's guide to strategic planning' -- subject(s): Nonprofit organizations, Directors of corporations, Management, Strategic planning 'The board member's guide to fund raising' 'The search for America's image abroad' -- subject(s): Foreign public opinion 'The computer and foreign affairs' -- subject(s): International relations, Data processing

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