Strategic Intent – Article Summary By Gary Hamel and C.K. Prahalad Primary Information This article serves a purpose to illustrate some of the flaws that are currently used by western organizations in regards to strategic planning. In this article we see are shown the detriment of the methods in practice at the time of the article‚ and examples of alternative strategic approaches in use by Japanese firms which have allowed them to have sustained success. Strategic Intent and Characteristics
Premium Strategic management Strategy Management
Strategic planning is an organization ’s process of defining its strategy‚ or direction‚ and making decisions on allocating its resources to pursue this strategy. In order to determine the direction of the organization‚ it is necessary to understand its current position and the possible avenues through which it can pursue a particular course of action. Generally‚ strategic planning deals with at least one of three key questions: “What do we do?”‚ “For whom do we do it?”‚ and “How do we excel?”. In
Premium Strategic management
Chap 12 Pay for Performance and Financial Incentives Motivation‚ Performance‚ and Pay Incentives Financial rewards paid to workers whose production exceeds a predetermined standard. Individual Differences Law of individual differences The fact that people differ in personality‚ abilities‚ values‚ and needs. Different people react to different incentives in different ways. Managers should be aware of employee needs and fine-tune the incentives offered to meets their needs. Money
Premium Motivation
STRATEGIC CHOICE AND STRATEGIC DECISION MAKING Andy Adcroft STRUCTURE • Why do things happen? • Generic Strategies • Criticisms of generic strategies WHY DO THINGS HAPPEN? Norms and what has happened before Environment Analysis Roles and wider functions Creation of options Organisational Analysis What we want to achieve Emotions‚ power desires‚ goals Age and frequency of behaviours What I want from this job Habits‚ rituals and routines Social factors Decisions are taken and implemented
Premium Strategic management Strategy Decision making
Performance management (PM) includes activities which ensure that goals are consistently being met in an effective and efficient manner. Performance management can focus on the performance of an organization‚ a department‚ employee‚ or even the processes to build a product of service‚ as well as many other areas. PM is also known as a process by which organizations align their resources‚ systems and employees to strategic objectives and priorities.[1] Performance management originated as a broad
Premium Management
LINKING HUMAN RESOURCE MANAGEMENT‚ LEARNING ORGANIZATION AND PERFORMANCE: A CONCEPTUAL FRAMEWORK By: Mohd. Fairuz Abd. Rahim Supervisors: Dr. Chew Yin Teng and Prof. Pervaiz K Ahmed 1. INTRODUCTION Globalization and the turbulent business environment forces many firms‚ multinational corporations and local players to reassess their competitive strategy and proactively create‚ renew and sustain their competitive advantages in the global market place (Ghoshal 1987; Hao 2004; Kogut 1988;
Premium Human resource management Knowledge management
APPRAISAL OF POTENTIAL Employee Name:__________________________________________________________ Department:________________________________ Campus:______________________ Title:____________________________________Supervisor:______________________ Please complete the following Appraisal of Potential for your employee. This Appraisal concentrates on other types of tasks‚ or other greater responsibility the employee is capable of doing‚ and in what direction their personal interests lead
Premium Requirement Energy Expected value
The term Performance management and Performance Appraisal are sometimes synonymous but they are different‚ Performance management is a comprehensive continuous and flexible approach to the management of organisation‚ teams and individuals which involves the maximum amount of dialogue between those concerned .Performance appraisal is more of a limited approach which involves manager making top-down assessment and rating the performance of their subordinate at an annual performance appraisal meeting
Premium Human resource management Management Performance appraisal
Commentary Global Media Journal – Indian Edition/ISSN 2249-5835 Winter Issue / December 2011 Vol. 2/No.2 TELEVISION AND DEVELOPMENT COMMUNICATIONIN INDIA: A CRITICAL APPRAISAL Rommani Sen Shitak Research Scholar School of Communication Studies Punjab University‚ Chandigarh‚ India Email: rommanisen@gmail.com Abstract: The paper traces the journey of television in India which started for promoting development and serving the cause of the poor and the underprivileged. While some efforts were
Premium Broadcasting Television Television network
of information age is telescoping the time it takes to communicate and make decision. Strategic management takes a panoramic view of this changing corporate terrain and attempts to show how large and small firms can be more effective and efficient not only in today’s world but tomorrow as well. Strategic management is the set of managerial decisions and action that determines the way for the long-range performance of the company. It includes environmental scanning‚ strategy formulation‚ strategy implementation
Premium Strategic management