“Rational decision-making is an impossible ideal in strategy formulation and implementation due to incomplete information and organisational politics.” Strategy is formulated and implemented by organisations as a means of gaining competitive advantage and achieving organisational success. Frequent fast‚ widely supported‚ and high quality strategic decisions are the cornerstone of effective strategy (Eisenhardt‚ 1999 in Clegg et. Al‚ 2012). In today’s world of borderless business‚ ever-evolving
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(Accessed: 2 August 2012). Forbes.com LLC (2012) Jack Ma. Available at: http://www.forbes.com/profile/jack-ma/ (Accessed: 1 August 2012). Hamel‚ G. (2000)‚ Leading the Revolution‚ Boston: Harvard Business School Press. Johnson‚ G. (1992) ‘Managing strategic change – strategy‚ culture and action’‚ Long Range Planning‚ 25(1)‚ pp: 28–36. Johnson‚ G.‚ Scholes‚ K.‚ Whittington‚ R Kaplan‚ R.S. and Norton‚ D.P. (2006) Alignment: Using the Balanced Scorecard to Create Corporate Synergies. Boston: Harvard Business
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TACTICAL AND STRATEGIC DECISIONS Investment decisions may be tactical or strategic. A tactical investment decision generally involves a relatively small amount of funds and does not constitute a major departure from what the firm has been doing in the past. The consideration of a new machine tool by a motor manufacturing company is a tactical decision‚ as is a buy-or-lease decision made by an oil company. Strategic investment decisions involve large sums of money and may also result in a major
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In a dynamic and uncertain environment‚ strategic decision making is important because it can provide managers with a systematic and comprehensive means for taking into account the external environment‚ focusing on an organisation’s strength‚ minimising weaknesses‚ and identifying opportunities in which an organisation can have a competitive advantage. However‚ the decision may still fail if it is not implemented properly. Implementation causes the chosen course of action to be carried out within
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THE INVESTMENT DECISION‚ THE FINANCING DECISION AND THE DIVIDEND DECISION ARE SIDES OF THE FINANCIAL MANAGEMENT TRIANGLE WITH VISIBLE INTERFACE. EXAMINE THIS STATEMENT CRITICALLY A SEMINAR PAPER PRESENTED IN PARTIAL FULFILMENT OF COURSE REQUIREMENT FOR MANAGERIAL FINANCE BY EMUCHAY KENNETH AZUBUIKE M.SC / FINANCE MATRIC NO: LUC/PG/09/ LEAD CITY UNIVERSITY‚ IBADAN LECTURER: PROF WOLE ADEWUMI INTRODUCTION: In illustrating
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visiting the Garden by 20% and over annually To extend the activities and expand customer service facilities To fulfil targets for different departments It is required that I have to work dutifully and I also have to take the responsibilities to achieve organizational goals of the company. A Managing Director’s personal skill and professional skills can be known by using a list of main responsibilities and duties of to be performed by Managing Director. Main
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Strategic Leadership Practice 1. The Relationship between Strategic Management and Leadership 1.1 Analyse the Concept of Managers as Effective Leaders To understand the relationship between strategic management and strategic leadership‚ it’s useful to define the terms management and leadership. These terms are used interchangeably and often with very little attention paid to the roles implied by them. Roles in management hierarchy are ‘Team Leader’ or ‘Supervisory’ positions and these positions
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The importance of strategic leadership: Discussing the role of strategic leadership in determining the organization’s strategic direction 1.0 Introduction………………………………………………………………………………….3 2.0 The role of strategic leadership in determining the strategic direction of an organization…..........................................................................................................................4 2.1 Shared vision‚ mission and core values………………….……....................................
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Critically Examine Hobbes’s Conception of the State of Nature The concept of state of nature was developed by Hobbes in his famous work‚ Leviathan‚ in which he also set out his doctrine of the foundation of states and legitimate governments which was based on his social contract theories. Leviathan was written during the English Civil War‚ so much of his theory concentrates on the need for the presence of a strong central authority within society in order to avoid the evils of rebellion and civil
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Contents Executive Summary 3 Part One – Critically Evaluate the Key Features of Apple’s Industry 5 Part Two – Discuss how Leadership in Apple Influenced Strategic Innovation 8 Part Three – Critically assess Steve Jobs as a strategic leader at Apple 12 Conclusions 15 Appendices 17 References 20 2 Executive Summary “Increasingly‚ though‚ we live in an irregular world‚ where irregular people take advantage of irregular events and use
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