strategic management
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Allocating resources can be a political and an ad hoc activity in firms that do not use strategic management. Why is this true?
Does adopting strategic management ensure easy resource allocation?
Why? Give examples.
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Allocating resources can be a political and an ad hoc activity in firms that do not use strategic management. Why is this true?
Strategic management specifies the vision, mission, values and the strategic plan of the organization. In other words it means that strategic management gives a strong blueprint of how resources are to be allocated. When this blueprint is missing, resource allocation is based on the political alignment of managers in the organization. for instance, the manager who is in favor of the top ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
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