Strategic Management SUPER SUMMARY Written by: Bhavin Pathak (Student‚ CA-IPCC‚ Arihant Institute Pvt. Ltd.) Features: Full coverage of IMP aspects of Strategic Management Summarized and conceptual Based on Study Material of ICAI Easy to remember format Point-to-point approach towards subject Diagrams and charts given wherever required Useful for LMR (Last Minute Revision) 1 STRATEGIC MANAGEMENT INDEX 1. 2. 3. 4. 5. 6. 7. TOPIC Business Environment Business Policy & Strategic
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STRATEGIC MANAGEMENT & BUSINESS POLICY 12TH EDITION THOMAS L. WHEELEN J. DAVID HUNGER Strategic Management: a set of managerial decisions and actions that determines the long-run performance of a corporation. Includes: • • • • Internal and external environment scanning Strategy formulation Strategy implementation Evaluation and control Pearson Education © 2010 1-2 Phases of Strategic Management: • • • • Phase Phase Phase Phase 1: 2: 3: 4: Basic financial planning Forecast-based
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rapid innovation. (Lundy‚ 1994). A strategic approach to human resource management (HRM) ensures that a firm ’s human capital contributes to the achievement of its business objectives. Various influential writers have expressed differing opinions on the importance of employees as a direct influence on an organisations competitive advantage. Although no firm agreement has been reached‚ it is generally accepted that the use of strategic human resource management (SHRM)‚ (i.e. proactively changing and
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Management – Marketing - Tourism THE ROLE OF LEARNING ORGANIZATION IN KNOWLEDGE MANAGEMENT PROCESS Ph.D. Student B loi Ionu -Cosmin University of Craiova Faculty of Economics and Business Administration‚ Romania Abstract: The content and the organization of work represent dimensions which do not only involve mobilizing competencies but are also dimensions in which competencies are developed. In an organization people create‚ accumulate or transfer knowledge‚ ideas‚ values‚ attitudes‚ feelings
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Strategy The words ’strategy’ and ’strategic’ are well recognized and widely used in the modern business world. However‚ the term strategy is so widely used for different purposes that it has lost any clearly defined meaning “Despite the obvious importance of strategy‚ there is surprisingly little agreement on what a strategy really is. However‚ the fact is that behind every successful company‚ there is a superior strategy
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Introduction As every organization consists of people‚ it is very important for the organization to be able to manage their people effectively and efficiently. Therefore‚ every organization has a division or department that manages this people-related issue. The department is usually called human resource department and the way organization manage their people is called Human Resource Management (HRM). HRM has changed over the time. HRM has been an issue in academic literature or
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can use online recruiting to more effectively support recruitment activities while reducing organizational costs. In order to effectively use online recruiting‚ the professionals must understand how the process works; this is done by providing a framework of understanding the antecedents and outcomes of recruitment (Gueutal & Stone‚ 2005). One way is to use the Rynes’s (1991) model. This model suggests that the applicants gather information about organizations to assess the types of rewards
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Learning Organizations: Apple & Google Sandee Jones Ashford University Learning Organizations & Effectiveness OMM 625 Dr. Renee Hill June 09‚ 2013 Learning Organizations: Apple & Google In business there are five keys that are required to build a learning organization and allow it to flourish and blossom into a flower that one is proud to call it theirs. As the economy continues to spiral downward‚ companies are realizing that it is harder to find people with the skills needed
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Learning Activity 5 – Final Project Nneka Cummings Empire State College BME-213704-01X-12SP2 - The Learning Organization Instructor: Prof. Pauline Chhooi June 11‚ 2012 2 I was not aware that I was employed by a learning organization until I took this course. A learning organization is one that encourages and promotes learning at all levels to empower employees and for the overall betterment and success of said organization
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The ‘Learning Organisation’ is a concept first described by Peter Senge as an organisation where people continuously learn and enhance their capabilities to create. It consists of five main disciplines: team learning‚ shared vision‚ mental models‚ personal mastery and systems thinking. These disciplines are dynamic and interact with each other. System thinking is the cornerstone of a true learning organisation and is described as the discipline used to implement the disciplines. In a learning organisation
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