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Strategic benefits are the outcome of a positive strategic relation between two, or more, companies/businesses/organisations.

eg: Vehicle manufacturer teams/cooperates/works with an electronics company, to help each other (either for design, quality, needs etc.).

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What is strategic site?

A strategic site refers to a location that is chosen for its significant advantages in achieving specific objectives, often related to business, military, or environmental purposes. It typically offers optimal access to resources, transportation, or markets, enabling organizations to enhance efficiency and effectiveness. In a military context, a strategic site may provide a tactical advantage in operations or defense. Overall, the selection of a strategic site is crucial for maximizing potential benefits and minimizing risks.


What is strategic reward?

Strategic reward refers to the alignment of reward systems—such as compensation, benefits, and recognition—with an organization's overall business strategy and objectives. It aims to motivate employees, enhance performance, and drive desired behaviors that support the company's goals. By strategically designing rewards, organizations can attract, retain, and engage talent while promoting a culture of high performance and accountability. Ultimately, strategic reward systems help ensure that employee contributions are recognized and valued in a way that furthers the organization's mission.


Why do companies enter into strategic alliance?

companies enter into strategic alliance


What are the Role of strategic management in HR and Marketing?

what are the role of the strategic manaegement in H.R. and Marketing ?


How is a business mission and a strategic vision formulated?

How is a business mission and a strategic vision formulated?

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Describe the importance of employee benefits as a strategic component of fulfilling the goals of HRM at Genentech and Zapps.


What are strategic initiatives?

A strategic initiative (SI) is an endeavor intended to achieve three interrelated outcomes:A boundary-spanning vision or "strategic intent"Realization of important benefits to "strategic" stakeholders andTransformation of organization


Why is Singapore important to sir Stanford raffles?

Economic benefits deriving from strategic trade routes.


What has the author Paul Hackleman written?

Paul Hackleman has written: 'Public employee benefits' -- subject(s): Civil service, Employee fringe benefits, Personnel management, Strategic planning


What are the benefits of strategic management?

Strategic management allows and organization to be more proactive than reactive in shaping its own future; it allows an organization to initiate and influence activities and thus to exert control over its own destiny.Small business owners, chief executive officers,presidents and managers of many for-profit and non-profit organizations have recognized and realized the benefits of strategic management.Historically, the principle benefit of strategic management has been to help organizations formulate better strategies through the use of the more systematic,logical and rational approach to strategic choice.Financial Benefits:1.Improvement in sales. 2.Improvement in profitability.3.Improvement in productivity.Non-Financial Benefits:1.improved understanding of competitors strategies. 2.Enhanced awareness of threats.3.Reduced resistance to change.4.Enhanced problem-prevention capabilities.


What are benefits of strategic management?

Strategic management allows and organization to be more proactive than reactive in shaping its own future; it allows an organization to initiate and influence activities and thus to exert control over its own destiny.Small business owners, chief executive officers,presidents and managers of many for-profit and non-profit organizations have recognized and realized the benefits of strategic management.Historically, the principle benefit of strategic management has been to help organizations formulate better strategies through the use of the more systematic,logical and rational approach to strategic choice.Financial Benefits:1.Improvement in sales. 2.Improvement in profitability.3.Improvement in productivity.Non-Financial Benefits:1.improved understanding of competitors strategies. 2.Enhanced awareness of threats.3.Reduced resistance to change.4.Enhanced problem-prevention capabilities.


What are the supposed benefits of playing Dice Wars?

Some benefits of playing Dice Wars include building your strategic game-play and socialization. Also, counting numbers and mathematics are improved within time.


What are the benefits of automation?

Automation offers several benefits, including increased efficiency, cost savings, improved accuracy, enhanced productivity, and the ability to free up human resources for more creative and strategic tasks.


What does competitive advantage have to do with strategic planning?

Competitive Advantage is vital to Strategic planning. Strategic planning identifies strengths and weaknesses and visions and missions for the future. Competitive advantage relys on the benefits of the companies strengths and act upon them to turn them into competitive advantage. Other firms can't duplicate strategy or competivness that they don't have.


What are the two major benefits of strategic management to an organisation?

it help in long time planning to distribute work effectively among the members. It aids in decision making to divide the resources and making short term projects to accomplish the strategic goals.


Is there life benefits in mixed martial arts?

All of the same benefits of being physically fit in addition to being able to defend yourself if attacked and regularly doing a hobby that makes you practice a type of strategic thinking.


Why are benefits strategically important to employers and what are some key strategic considerations?

Benefits are strategically important to employers as they enhance employee satisfaction, attract top talent, and improve retention rates, ultimately contributing to a more engaged and productive workforce. Key strategic considerations include aligning benefits with the company's culture and values, tailoring offerings to meet the diverse needs of employees, and ensuring cost-effectiveness while maximizing the value provided. Additionally, regular assessment of benefits packages is crucial to remain competitive in the job market and adapt to changing workforce expectations.