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Other strategic areas can include market expansion, where organizations identify new markets or Demographics to grow their customer base; innovation, focusing on research and development to create new products or services; operational efficiency, aimed at streamlining processes to reduce costs and improve productivity; and talent management, which involves attracting, developing, and retaining skilled employees to enhance organizational performance. Each of these areas contributes to a company's long-term success and competitive advantage.
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What differentiate strategic decision from other types of decisions?
Strategic decisions can be distinguished from other types of decisions because it is:Rare: we dont make strategic decision very often.Consequential: is has a future impact on our business in the long term.Directive and binding: the strategic decision we make today will be directed to certain goal and vision, and we will be committed to it.
What is strategic mis categories?
explain strategic MIS categories in details
When did EaglePicher Hillsdale decide to go out of the torsional damper business?
EaglePicher Hillsdale decided to exit the torsional damper business in 2016. This decision was influenced by various market factors and a strategic shift in the company's focus towards other product lines. The company aimed to concentrate its resources on more profitable and sustainable areas of its operations.
What does the concept of strategic windows mean to a firm like Koji How is it tackling the need to maintain overlapping strategic windows?
what does the concept of strategic window mean to a firm like Koji? how is it tackling the need to maintain overlapping strategic window
What divides a town or city into areas for commercial residential or other development?
Zoning
What are the Critical areas of strategic management?
answer it
Why are the functional areas of both marketing and management important to the four phases of strategic management?
importance of an organization's functional areas to the strategic management process and why they must be integrated during the four phases of strategic management
Why is PurePoint Financial closing?
PurePoint Financial is closing due to a decision by its parent company, MUFG Union Bank, to focus on other areas of its business and strategic priorities.
Why are places such as the strait of Gibraltar the panama and Suez Canal and the strait of Hormuz considered strategic areas look for other strategic areas?
Places like the Strait of Gibraltar, Panama Canal, Suez Canal, and Strait of Hormuz are considered strategic due to their critical roles in global trade and military navigation. They serve as vital chokepoints where a significant volume of maritime traffic passes, making them essential for the movement of goods and energy resources. Other strategic areas include the Bab el-Mandeb Strait, which connects the Red Sea to the Gulf of Aden, and the Malacca Strait, a key passage between the Indian and Pacific Oceans. Control over these regions can significantly influence international trade routes and geopolitical stability.
What is market oriented strategic strategic planning?
stategic planning is an approach used by top management in an organisation to move foward in all areas of business or service.
Which companies have jobs in strategic management?
Any major corporation will have jobs in strategic management. Particularly in the finance and marketing areas. If a company is not managed strategically then they will be set up for failure.
What are the four areas of global strategic marketing planning include?
marketing market intelligence advocacy planning
Special sale promotion measures?
Special sales promotion measures include aligning the promotion to the strategic objectives of the business. Additionally, the business must consider how the promotion will impact other areas of the business.
What is another word for strategic?
Other word for strategic would be planned,opportune, critical, key, principal, crucial.
What are Interior systems made of?
Interior systems usually provide infrared motion detectors located in strategic areas
What differentiate strategic decision from other types of decisions?
Strategic decisions can be distinguished from other types of decisions because it is:Rare: we dont make strategic decision very often.Consequential: is has a future impact on our business in the long term.Directive and binding: the strategic decision we make today will be directed to certain goal and vision, and we will be committed to it.
Describe the extent of your responsibility in setting strategic direction?
Executive managers play a major role in setting the strategic direction of the organization. Based on their functional areas, they are able to move the company ahead of competitors.
