Show Recommended textbook solutionsKrugman's Economics for AP2nd EditionDavid Anderson, Margaret Ray 1,042 solutions Principles of Economics8th EditionN. Gregory Mankiw 1,333 solutions Essential Foundations of Economics7th EditionMichael Parkin, Robin Bade 232 solutions
Operations and Supply Chain Management14th EditionF Jacobs, Richard Chase 988 solutions Which of the following organizational strategies states the methods that a division or organization will use to compete against its rivals in the industry?The corporate-level plan outlines the specific methods a division, a business unit, or an organization will use to compete effectively against its rivals in an industry.
Why is planning considered an important process for managers?In particular, planning helps to critically assess the goal to see if it's realistic. It facilitates decision making and allows setting a time frame by predicting when the company can achieve its goal.
What is strategic management and planning?Strategic management is the ongoing planning, monitoring, analysis and assessment of all necessities an organization needs to meet its goals and objectives. Changes in business environments will require organizations to constantly assess their strategies for success.
What is planning in an organization?Planning is the management function that involves setting goals and deciding how to best achieve them. Setting goals and developing plans helps the organization to move in a focused direction while operating in an efficient and effective manner.
|