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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.
Explain why you think effective time management is important in business management?
Time is money. Effective time management is a must in todays competetive world. By performing the basic functions of management, a business is bound to flourish. There are lot of advantages of effective time management.
What is the future scope for hotel management students?
The career prospects for hotel management students are highly promising due to the expanding global hospitality industry. As tourism continues to grow and diverse accommodations emerge, graduates can explore job opportunities in hotel operations, event management, and resort administration. Moreover, the increasing demand for personalized services and experiential travel creates avenues for entrepreneurship and specialization, making hotel management a dynamic and evolving field with abundant career prospects. To succeed in this dynamic sector, constant adaptation to industry trends and a focus on customer-centric services are crucial.
What is the relevance of the resource based view of the firm to strategic management in global environment?
The resource-based view (RBV) of the firm is crucial to strategic management in a global environment as it emphasizes the importance of a firm's internal resources and capabilities as sources of competitive advantage. In an increasingly interconnected world, firms must leverage unique resources—such as technology, brand equity, or skilled labor—to differentiate themselves from global competitors. RBV encourages firms to assess and develop their distinctive competencies, allowing them to adapt strategies that align with diverse market conditions and cultural contexts. Ultimately, this perspective helps firms sustain their competitive edge in a dynamic global landscape.
What is traditional manager?
Traditional management refers to management that has been in place for many years. Most places have had to change their traditional management styles because they could not keep up with things in the modern world.
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.
Explain why you think effective time management is important in business management?
Time is money. Effective time management is a must in todays competetive world. By performing the basic functions of management, a business is bound to flourish. There are lot of advantages of effective time management.
What is the importance of in todays world?
go boy................
What is the future scope for hotel management students?
The career prospects for hotel management students are highly promising due to the expanding global hospitality industry. As tourism continues to grow and diverse accommodations emerge, graduates can explore job opportunities in hotel operations, event management, and resort administration. Moreover, the increasing demand for personalized services and experiential travel creates avenues for entrepreneurship and specialization, making hotel management a dynamic and evolving field with abundant career prospects. To succeed in this dynamic sector, constant adaptation to industry trends and a focus on customer-centric services are crucial.
In todays world which is important individualism or interdependence?
independence
Where is the philistine country in bible in todays world?
Palestine
What is the importance of nadankalakal in todays world?
go boy................
What is the role of information in effective management?
Information in todays world of globalisation plays the major role for the success of any business organisation.As management is the top most part of any organisation and it has to manage the whole organisation as per the needs and requirements of the present and the future happenings,so if management is not propely updated with the recent information than it could not be a successful or an effective management.
What is xerxes effect on the world today?
He effected todays world because of his studies.
What is an name of an astronomer who is alive in todays world?
luke roudabush
Can people of todays world heal people?
Yes but with Medicine.
How many breeds of dogs are there in todays world?
there are over 300
