This article throws light upon the eleven ways for overcoming the barriers to planning in an organisation. The ways are: 1. Starting at the Top 2. Recognising the Limits to Planning 3. Communication 4. Participation 5. Revision and Updating 6. Contingency Planning 7. Discussion 8. Training 9. Explanation of Planning Objectives 10. Creation of a Planning Climate 11. Use of [...]
After reading this article you will learn about:- 1. Corporate Strategy 2. The Planning Process 3. Nature of Organisational Goals 4. Managing Multiple Goals. Corporate Strategy: Organisations Round the world have been experimenting with different ways to organise the way they do business. These organisations are some of the most influential and publicised in the world, and their actions will [...]
This article throws light upon the eight steps in strategy formulation in management. The steps are: 1. Setting Basic Objectives 2. Identify Opportunities and Risks 3. Evaluating Alternative Resource 4. Formulating Alternative Strategies 5. Evaluating these Alternatives 6. Establishing Basic Strategy 7. Implementing Strategy 8. Evaluating Strategy. Step # 1. Setting Basic Objectives: The firm initially sets provisional objectives. The [...]