Strategic management plays significant role in functions of organizations. In a business organization, these functions are production/operations, marketing, finance, and human resource, commonly referred to as functional areas of management. Strategic aspects of these areas are closely linked with strategic management. As a result, the current trend is to prefix the term 'strategic' in these areas. Besides, because of globalization, [...]
Everything you need to know about the roles played by an entrepreneur. The entrepreneur plays a vital role in nurturing economic growth and development of an economy. One has to understand that in reality, a successful entrepreneur contributes in many ways to the economy. The entrepreneur plays multi-dimensional roles associated with the entrepreneurial pursuit. Entrepreneurship is an essential and necessary [...]
After reading this article you will learn about the managerial, interpersonal, informational and decisional roles of a manager in an organisation. Managerial Roles of a Manager: While analysing the nature of managerial work, Henry Mintzberg, by closely observing the day-to-day activities of a group of chief executive officers (CEOs), suggested that the formal authority granted to managers by the organisation [...]