Tag Archives | Strategic Management

Stages Involved in Strategy Audit Programme | Strategic Management

The strategy audit programme is conducted in three stages in succession as following: 1. Diagnosis 2. Focused Analysis 3. Recommendations. Stage # 1. Diagnosis: It includes the following: (i) Reviewing key documents, such as: Strategic plan, Business or Operational plan, Organisational details, Major policies affecting matters, such as resources allocation and performance measurement. (ii) Reviewing performance against yardsticks (strategically determined) [...]

By |2017-03-04T15:07:51+05:30March 4, 2017|Auditing|Comments Off on Stages Involved in Strategy Audit Programme | Strategic Management
Read More

Plans to Achieve Objectives of a Company | Management

The following points highlight the three main types of plans that are made to achieve the objectives through the company policies. The plans are:- 1. Strategic Plans 2. Intermediate-Range Plans 3. Short-Range Plans. Type # 1. Strategic Plans : They determine both the major objectives of an organisation and the policies and strategies to achieve those objectives. Strategic plans are [...]

By |2017-03-04T15:07:51+05:30March 4, 2017|Objectives|Comments Off on Plans to Achieve Objectives of a Company | Management
Read More

Product Classification of a Firm: 2 Issues | Business

The following points highlight the two major issues of product classification of a firm. The issues are: 1. Competing Products 2. Market/Demand Classification for Products. Issue # 1. Competing Products: They can be classified into one of three categories as follows: (i) A breakthrough product: This offers either a radical performance advantage over competition, a drastically lower price or, in [...]

By |2017-03-04T15:07:51+05:30March 4, 2017|Product Classification|Comments Off on Product Classification of a Firm: 2 Issues | Business
Read More
BusinessManagementIdeas.Com. All rights reserved.
Go to Top