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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Selection of Business Unit Managers | Company

In this article we will discuss about the criteria for selection of business unit managers in a company’s portfolio with the help of BCG matrix. 1. Question Marks: Its primary goal is growth. These businesses require entrepre­neurial managers capable of creating new products and developing new markets. For such tasks, individuals with product development, market research, and developmental engineering backgrounds [...]

By |2017-03-04T15:07:50+05:30March 4, 2017|Manager|Comments Off on Selection of Business Unit Managers | Company
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Management Control: Definition and Features | Functions | Management

In this article we will discuss about:- 1. Definition of Management Control 2. Features of Management Control 3. Management Control System. Definition of Management Control: The management function of implementation of strategies is termed as 'Management Control'. It is defined as "the process by which managers influence the members of the organisation to implement the organisation strategies". Features of Management [...]

By |2017-03-04T15:07:50+05:30March 4, 2017|Functions|Comments Off on Management Control: Definition and Features | Functions | Management
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