Planning can not take place in a vacuum. How would you segregate senior and mid-level managers, but still get the communication and results needed?© BrainMass Inc. brainmass.com October 24, 2018, 9:04 pm ad1c9bdddf
Planning can not take place in a vacuum. How would you segregate senior and mid-level managers, but still get the communication and results needed?
Planning is deciding in advance about the future course of action. Management uses strategic planning to prepare for economic, demographic, competitive, technological, and regulatory changes that affect the way their organization operates. Thus it is concerned with accomplishing the mission and vision of the organization. The strategic plan drives the overall corporate strategy and defines the core business strategies with respect to various aspects such as marketing, finance and operations and specifies broad guidelines and framework for the organization to operate. It is a process of cooperative and informed decision making that assists management and leadership teams position their organization for lasting competitive success. It also helps these teams to intelligently implement changes to their processes, systems, and structure.
The solution discusses how to separate senior and mid-level managers and still get good communication and results.
Strategic Management - Corporate Governance and Strategic Leadership
1 - Describe the impact internal corporate governance has on top-level management's strategic decision making.
2 - Discuss checks and balances of the three corporate internal governance mechanisms. How effective are these checks and balances?
3 - Discuss the relationship between organizational structure and organizational controls. Are they always interrelated? What will happen to a company's competitive advantage if one or the other isn't in place?
4 - Describe the attributes of an effective strategic leader and the value that person brings to the strategic management process.View Full Posting Details