Definition: strategic management is the set of managerial decisions and actions that determines the long-run performance of an organization. It involves all the four functions of management. Strategic plans provide a common vision for the whole organization. The strategic management process is a series of steps that formulates the strategic planning‚ implementation and evaluation. Step 1: The first step is identifying organization’s current mission‚ objectives and strategies. Every organization
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1. What are the main architectural components of a LAN? (Minimum word count: 60) The first characteristic in the LAN architecture is the physical arrangement of the network. This is how the nodes connect. The topology of an LAN is the design pattern of interconnections between the computers and network sectors. The second component is the method of access for the nodes. Specifically‚ how the nodes connect to the transmission medium. A network interface card is a device that permits computers
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Concepts that make up the Research Process The first step in the research process is to identify a problem or develop a research question; the antecedent or phrase. It may be something viewed as a problem‚ such as my choice‚ addiction. Or it may be some knowledge of information that is needed. It could be a problem or concern within the community or that affects society. Addiction and co-morbid mental illnesses will serve as my focus of study for analyzing a concept. Next is reviewing the literature
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The strategic management process means defining the organization’s strategy. It is also defined as the process by which managers make a choice of a set of strategies for the organization that will enable it to achieve better performance. Strategic management is a continuous process that appraises the business and industries in which the organization is involved; appraises it’s competitors; and fixes goals to meet all the present and future competitor’s and then reassesses each strategy. Strategic
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Five Components of an Organization’s External Environment by Arnold Anderson‚ Demand Media The external environment of an organization are those factors outside the company that affect the company’s ability to function. Some external elements can be manipulated by company marketing‚ while others require the organization to make adjustments. Monitor the basic components of your company’s external environment‚ and keep a close watch at all times. Sponsored Link Stone Crusher Supply 30-1000t/h
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Question 1 Points: 0 out of 10 What is a system unit? a case containing the electronic components of the computer used to process data a device that interprets and carries out the basic instructions used to operate the computer a component of the processor that directs and coordinates most computer operations a circuit board to which many electronic components are attached Feedback Incorrect. The component that directs and coordinates most computer operations is the control unit. Question
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DISTRIBUTION MIX: Distribution mix is the combination of 5 major components and they are: 1. Inventory 2. Warehoushing 3. Communication 4. Packaging 5. Transport DISTRIBUTION CHANNEL : The path through which finished goods reach the customers from the production place is called a channel. A distribution channel can be small or large depending on the intermediaries like wholesalers‚ distributors‚ agents and the retailers. * OBJECTIVES OF DISTRIBUTION CHANNEL: The objectives of distribution
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The Components of System Unit System Unit – a case that contains electronic components of the computer used to process data. Motherboard – the main circuit board of the system unit. Computer Chip – a small piece of semiconducting material usually silicon‚ on which integrated circuits are etched. Processor – interprets and carries out the basic instructions that operate a computer. Multi-care processor – a single chip with two or more separate processor cores. Control Unit – the component of
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B399 Management Policy and Strategy Tutorial 1 Kent Ip OUHK Course Overview Textbook: Strategic Management and Competitive Advantage – Concepts and Cases‚ 4th edition‚ Barney and Hesterly‚ Pearson Part 1 The tools of Strategic Analysis (Chapter 1 – 3) Part 2 Business Level Strategies (Chapter 4 & 5) Part 3 Corporate Strategies (Chapter 6 – 11) Chapter 1 What is Strategy and the Strategic Management Process? 1.1 What is Strategy and the Strategic Management Process
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Components of business environment On the basis of extent of intimacy with the firm‚ the environmental factors may be classified into different levels or types. There are broadly two types of environment‚ the internal environment‚ i.e. factors internal to the firm and the external environment i.e. factors external to the firm which have relevance to it. The internal factors are generally regarded as controllable factors because the company has control over these factors; it can alter or modify such
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