Corporate strategies Vs Marketing strategies for an organization: The question is focusing on the difference between corporate and operating strategies. Corporate strategies Corporate strategy defines the business the company is to compete in with the other organizations. Corporate strategies are Read More …
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A well established organisation wishes to carry out an analysis of its strengths, weaknesses, opportunities and threats (SWOT).The task has been assigned to you. Explain the procedure you would follow in carrying out the task. (10 marks)
SWOT ANALYSIS The overall evaluation of a company’s strengths, weaknesses, opportunities, and threats is called SWOT Analysis. External environmental analysis (opportunity and threat analysis) In general, a business unit has to monitor key macro environment forces (demographic-economic, technological, political-legal, and Read More …
In developing strategic plans for the future, it is important for a company to assess both its current and past performance. Outline and discuss the following approaches in assessing the organizational performance. a) The historical analysis of performance in comparison with the organization’s performance. (6 marks) b) The analysis of industry norms in comparison with the relative performance of organizations in the same industry. (7 marks) c) The analysis of the organization’s performance in comparison with the best performance through benchmarking. (7 marks)
a) The historical analysis of performance in comparison with the organizations current and past performance In financial analysis, the direction of changes over a period of years is of crucial importance. Time series on trend analysis of ratios indicate the Read More …
a) Clearly distinguish between corporate mission, vision and core values. (10 marks) b) What are the key qualities of a good corporate vision? (10 marks)
a) Corporate Mission, Vision And Core Values CORPORATE MISSION: A mission statement is an organization’s vision translated into written form. It makes concrete the leader’s view of the direction and purpose of the organization. For many corporate leaders it is Read More …
Describe leadership styles and contexts: using the models of Ashridge, and Blake and Mouton (12 marks)
Using the Models of Ashridge, Blake And Mouton Blake and Mouton Robert Blake and Jane Mouton carried out research into managerial behaviour and observed two basic dimensions of leadership: concern for production (or task performance) and concern for people. Based Read More …
An important part of management understands the role of leadership. Required: (a) Describe Blake and Mouton’s Managerial Grid. (8marks) (b) Discuss the relevance to management of Blake and Mouton’s grid in understanding leadership styles. (12 marks)
Every manager has to provide leadership in one way or another. Many have no real idea what constitutes leadership. Overview: The professional accountant is frequently both the manager and leader. An understanding of leadership theory and practice is an important Read More …
The process of management is often described as comprising planning, organising, staffing, directing and controlling. a) What are the basic steps in the control process? (4 marks) b) Identify and explain the key considerations in each step in the control process (16 marks)
Control is the process of ensuring that actual activities conform to planned activities. In fact, control is more pervasive than planning. Control helps managers monitor the effectiveness of their planning, their organizing, and their leading activities. An essential part of Read More …
a) To manage organizations effectively, managers require effective control system. Identify and explain the control systems which may be used a manager to monitor and accomplish tasks in an organization. (15 marks) b) What are the drawbacks of control systems? (5 marks)
a) Control is a process that attempts to assure that the actual activities performed match the desired goals that have been set. Control assures that deviations from the goals are corrected. It provides feedback that can aid in setting future Read More …
“Some management experts feel that control (that is, setting standards, measuring performance against them and taking corrective action when needed) hinders creativity. Others take the opposite view”. With the help of examples give arguments in support of each view.
“Some management experts feel that control (that is, setting standards, measuring performance against them and taking corrective action when needed) hinders creativity. Others take the opposite view” The case for control Controls is essential as the best of plans may Read More …
From the study of managerial function of controlling, certain principles (truths) have been implied. These truths may be similar to truths in other areas management and they summarise the nature and purpose of control. State and discuss these principles.
PRINCIPLES OF CONTROL 1. Principle of purpose of control: The task of control is to ensure that plans succeed detecting deviations from plans and furnishing a basis for taking action to correct potential or actual undesired deviations. 2. Principle Read More …