Tag Archives | Strategic Management

Strategies and Decisions of an Organisation | Strategic Management

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 [...]

By |2017-03-04T15:07:52+05:30March 4, 2017|Strategic Management|Comments Off on Strategies and Decisions of an Organisation | Strategic Management
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Corporate Philosophy and Objectives | Company | Management

In this article we will discuss about the corporate philosophy and corporate objectives of a company. Corporate Philosophy: A particular Gas company, in addition to its statement of overall objectives, states the following "principles for guiding its action: Investors: The company will provide for its stock a ready, convenient, and technically sound market to ensure optimum flexibility for its owners. [...]

By |2017-03-04T15:07:52+05:30March 4, 2017|Company Management|Comments Off on Corporate Philosophy and Objectives | Company | Management
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Areas for Setting Business Objectives | Business | Management

The following points highlight the eight major areas in which businesses should set objectives identified by Peter Drucker. Also we will learn about the need for balancing these multiple objectives. Area # 1. Market Standing: A business must set objectives concerning what share of the market it will try to capture. The best market share requires careful analysis of: (i) [...]

By |2017-03-04T15:07:52+05:30March 4, 2017|Objectives|Comments Off on Areas for Setting Business Objectives | Business | Management
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