Tag Archives | Strategic Management

Criteria for Evaluating the Strategy of a Firm | Company Management

The strategy adopted by a firm, for the purpose of evaluation as to its effectiveness, should be judged against the following criteria and allied aspects:- 1. Functional Evidence 2. Realism and Practicality 3. Consistency in Direction 4. Assumptions Validity 5. Contingencies Recognition 6. Appropriateness. Criteria # 1. Functional Evidence: (i) What are the performance indicators—quantitative and qualitative—identified for scrutiny? (ii) [...]

By |2017-03-04T15:07:51+05:30March 4, 2017|Strategic Planning|Comments Off on Criteria for Evaluating the Strategy of a Firm | Company Management
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Top 3 Planning Activities Carried out in Firms | Management

The nature and kind of planning activities carried out in firms are discussed as follows:- 1. Strategic Planning Activities 2. Operational Planning Activities 3. Budgetary Planning Activities. Also learn about the relationships among them. 1. Strategic Planning Activities: These are longer-term in nature, involve top-level executives and more global in their effect on the firm. These consist of: (a) Establishing [...]

By |2017-03-04T15:07:51+05:30March 4, 2017|Strategic Planning|Comments Off on Top 3 Planning Activities Carried out in Firms | Management
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Exam Questions on Strategy Identification | Company Management

Some frequently asked exam questions on strategy identification are as follows:  Q.1. Identify the most important pitfalls that ought to be avoided in starting and doing strategic planning. Ans. The issues in a corporate strategic planning involve judgments, values, passions, and perceived consequences. So, irrationality cannot be avoided. Major pitfalls that should be avoided in starting and doing the strategic [...]

By |2017-03-04T15:07:51+05:30March 4, 2017|Company Management|Comments Off on Exam Questions on Strategy Identification | Company Management
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