In a situation where an organization has more objectives to achieve, describe the best way to prioritize objectives
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In a situation where an organization has more objectives to achieve, describe the best way to prioritize objectives
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- An objective, logical, systematic approach for making major decisions in an organization is a way to describe the strategic-management process Select one: True FalseIn developing and implementing IT, the study team and steering committee must consider organizational goals. These include: a. General, operating management, and technical goals b. General, technical, and top management goals c. Top management, operating management, and general systems goals d. Top management, operating management, and economic goals9- Majid is framing the decisions that will contribute significantly to the achievement of company objectives.The above statement refers to which of the following? a. Majid is framing strategic decisions b. Majid is framing simple decisions c. Majid is framing minor decision d. Majid is framing operational decisions
- Planning is a crucial aspect of achieving goals and realizing objectives, serving as the roadmap that guides individuals, organizations, and communities towards success. It involves a systematic process of setting objectives, identifying resources, determining timelines, and establishing strategies to accomplish desired outcomes. Whether it's personal goal-setting, project management, or strategic planning for businesses, effective planning provides a structured approach to decision-making and resource allocation. Through careful consideration of potential challenges and uncertainties, planners can anticipate obstacles and develop contingency plans, enhancing the adaptability of their strategies. Furthermore, planning fosters coordination and collaboration among team members, ensuring that everyone is aligned with the overarching goals. It also encourages reflection and evaluation, enabling continuous improvement and the refinement of future plans based on lessons learned from past…Planning is a fundamental aspect of human life that encompasses a wide array of activities, from daily routines to long-term goals. It involves setting objectives, identifying the steps necessary to achieve those objectives, and allocating resources effectively. Whether it's planning for a simple task like making a grocery list or a complex endeavor such as starting a business, the process of planning plays a crucial role in ensuring success. Planning allows individuals and organizations to chart a course of action, anticipate challenges, and make informed decisions. It is a process that requires foresight, analysis, and adaptability, as the path to any goal is often riddled with uncertainties and unexpected obstacles. How can we strike a balance between meticulous planning and flexibility?Construct an organizational chart for an international company with divisions in Europe, South America and Asia. Each division has a VP of sales and three salespeople. Manufacturing is in Mexico. The Manufacturing plant is managed by the VP of Production. The Quality Assurance department is located in Mexico and run by the Director of Quality. The distribution center is in Mexico and managed by the VP of Distribution.
- By taking one company say a bank as an example, develop a strategy for the company . While developing the strategy plan for the selected plan, the strategy plan need to have the three phases of strategic plan namely Strategy Formulation, Strategy Implementation and Strategy Evaluation.True or False: Management by objectives (MBO) is a goal-setting and performance management approach that involves setting clear objectives, and employees are then evaluated based on their ability to achieve these objectives.Firms choose between following an emergent strategy or a deliberate strategy. True or false
