The implementation of corporate policies and strategies is an extremely complex problem. It is concerned with the application of various conceptual issues relating to organisation and management. Some of them are: 1. Organisational Structures and Processes 2. Organisation Design and Strategic Factors 3. Strategic Choice of Organisation Design 4. Organisation Development (OD) and a few others. Conceptual Issue # 1. [...]
The following points highlight the six internal factors influencing strategies and decisions of an organisation. The factors are:- 1. Top Management Philosophy 2. Mission and Objectives 3. Management Structure and Nature 4. Superior-Subordinate Relationship 5. Human Resources 6. Corporate Image and Product-Brand Image. Factor # 1. Top Management Philosophy: The management's attitudes and value judgments with respect to individual group [...]
In this article we will discuss about:- 1. Elements of a Meaningful Mission Statement 2. Characteristics of a Mission Statement 3. Example. Elements of a Meaningful Mission Statement: The mission statement should be a long-run vision of what the organisation is trying to achieve—the unique aim that differentiates it from similar organisations. The need is not for a stated purpose [...]