Strategic Management: What Is Strategy and Why Is It Important? Module Lecturer: B. Sc.‚ ADCP‚ MIM (SL)‚ MBA Senior Lecturer/Consultant National Institute of Business Management Copyright © 2010 by The McGraw-Hill Companies‚ Inc. All rights reserved. Chapter Learning Objectives 1. Understand the role of business strategies in moving a company in the intended direction‚ growing its business‚ and improving its financial and market performance. 2. Develop an awareness of the four most
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Politics questions a. What is meant by legitimacy? Legitimacy refers to the degree to which the state or its government can be considered to have the right to exercise power. A state or government can be said to be legitimate if it has a valid claim to rule. Legitimacy is generally understood as the popular acceptance and recognition‚ by the public‚ of the authority of a governing régime‚ whereby authority has political power through consent and mutual understandings‚ not coercion. The three
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An Approach to Project Management Projects should not be confused with everyday work. A project is not routine‚ repetitive work. Ordinary daily work typically requires doing the same or similar work repeatedly‚ while a project is done only once; a new product or service exists when the project is completed. Recognizing the difference is important because too often resources can be used up on daily operations‚ which may not contribute to longer-range organization strategies that require innovative
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bureaucratic designs. D. A and C. E. A‚ B‚ and C. B GT Ap What Is Competitive Advantage? 119. An organization establishes a __________ when it has a core competency that sets it apart from its competitors and gives it an advantage over them in the marketplace. A. Core advantage. B. Market advantage. C. Competitive advantage. D. Competency advantage. E. Management advantage. C KT Fa 120. Organizations can create a __________
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For a student like me its ‚big ‚‚‚‚‚‚‚‚‚‚question WHAT IS EDUCATION AND WHY IT IS IMPORTANT?????????/ Education is is future-oriented - it is about development and growth even when we are studying the past. Thus‚ as educators‚ the aspect of thinking we tend to focus upon is learning. As we have stressed‚ much thinking is commonplace - it goes on all the time‚ often without our being aware of it. Education takes us into the conscious world. It involves activities that are intended to stimulate
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Vaccines: Why Are They Important? Joshua Cambria Northeastern University Outbreaks of highly contagious childhood diseases like small pox‚ polio‚ measles and whooping cough have started to resurface. 50 years ago‚ parents and children could tell you the name of a person they knew that suffered from these diseases. That is no longer the case; most people have no direct knowledge of these diseases. Until recently‚ practicing doctors had not seen an active case due
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computers. To understand what made him great one needs to understand how to analyze a leader. The first step is to define what a leader is and if the subject is a leader or a follower. The integrative approach to analyzing a leader could be most effective in this review. The integrative approach uses parts of several other analysis types such as; behavioral‚ traits‚ situational‚ outcome and influential. The strength of using integrative approach is that the diversity of choosing what qualities to highlight
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the year-to-year GDP is up 3%‚ this is thought to mean that the economy has grown by 3% over the last year. Measuring GDP is complicated (which is why we leave it to the economists)‚ but at its most basic‚ the calculation can be done in one of two ways: either by adding up what everyone earned in a year (income approach)‚ or by adding up what everyone spent (expenditure method). Logically‚ both measures should arrive at roughly the same total. The income approach‚ which is sometimes referred
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What Is Plagiarism and Why is it Important? Plagiarism is an action that is most commonly used in colleges and universities. We have text books that we read daily‚ or are supposed to. We go to class and listen to lectures daily‚ or are supposed to. We participate in classroom discussions‚ or are supposed to. And‚ we pull all of the thoughts and ideas together to form our own thoughts and ideas‚ or are supposed to. With so much on our plates‚ sometimes‚ our thoughts and ideas may seem to
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Question 1 What is meant by group work? • A number of people or things gather‚ placed‚ or classed together for some purpose”. When we think about working in a group‚ the key words are “for some purpose”. Group working is a situation where there is a common purpose(s)‚ a shared aim(s) • The benefit of the group is : • Ideas sharing • Tapping into a pool of wider experience • Learning to deal with challenges or criticism • Stimulating thinking and clarifying
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