Some of the frequently asked exam questions on corporate philosophy and objectives of a company are as follows: Q.1. Who formulates an enterprise’s objectives? Ans. All organisations have objectives, at least at one point in time. Enterprise objectives are the goals the enterprise seeks to accomplish through its operations. Once a manager realises the importance of achieving some results, he [...]
The upcoming discussion will update you about the difference between acquisition criteria and strategic approaches. Difference between Acquisition Criteria and Strategic Approaches Acquisition Criteria 1. Synergistic nature product/market. 2. Inefficiency in marketing structure and designs. 3. Poor motivation of management team. 4. Underutilization of manufacturing capacities. 5. Under-exploitation of trademarks, brand names and copyrights. 6. Under-utilisation of financial resources. 7. [...]
Michael Hammer and James champy defined BPR as "the FUNDAMENTAL rethinking and RADICAL redesign of the business PROCESS to achieve DRAMATIC improvement in the critical contemporary measures of performance such as costs, quality, service, and speed." This definition contains the four key words: Fundamental: Why do we do what we do? Why do we do it that way? Radical: Signifies [...]