Develop an imaginatory mode of effective and strategic management developmentprogram for XYZ company.

Answered: Develop an imaginatory mode of…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Develop an imaginatory mode of effective and strategic management development
program for XYZ company.

Expert Solution

Step 1 Strategic Development Management

Definition:

A good effective and strategic development management is crucial for long-term business success.
It involves defining a business strategy with clear objectives and creating clear plans to achieve these objectives. It also involves aligning business activities [vertical or horizontal] to support the objectives and allocating the resources needed to achieve the venture's objectives.

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