Which of the following levels of management is sponsible for developing the strategic plan?

Q: What type of management system would support the creation, organization and dissemination of…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: illustrate how the  nine (9) elements interact in ascertaining how a business can sustainably…

A: There are mainly four area covering business model canvas that is  Customers Financial viability…

Q: Explain the role of budgeting and forecasting in the strategic planning process with reference to…

A: Strategic planning is the method of developing particular business strategies, executing them, and…

Q: What is internal analysis and its relation with VRIO framework?

A: The internal analysis provides a comparative look at a firm’s capabilities what are the firm’s…

Q: Define the term corporate strategy briefly?

A: The corporate procedure is rapidly becoming the most vital arrangement of the organization, defining…

Q: There are many marketing and operation functional approaches that would impact the potential success…

A: Strategic management illustrates a plan that helps to provide the managing and instructing to the…

Q: complete and through strategic planning of the following; i. external analysis ii. internal analysis…

A: To be a good CEO, you should have a good feel for the organisation and what drives its performance.…

Q: What are the considerations when picking a company to observe and make it a strategic plan?

A: Strategic planning is the process of creating business strategies, setting directions for the…

Q: Give an real life situation example of the following : 1. Task Delagator 2. Strategic Planner

A: The company's activities will be handled by the management of the company. The top management or…

Q: “Planning enables a firm to achieve its goals”. By using different company’s example illustrate your…

A: For any business or company planning is the key element for its growth and expansion. Planning helps…

Q: Strategic Management Organization ability to survive and prosper in the environment is strongly…

A: A number of organizations are offering different products and commodities these days. The…

Q: Why is it so important to integrate intuition and analysis in strategic management?

A: It used to attempt to organize qualitative along with quantitative information in a way that would…

Q: What are the characteristics of excellent Business-IT alignment?

A: Answer : Business-IT alignment is a business strategy that prioritizes the integration of IT…

Q: What are the three main features of an operational strategy?

A: Operational tactics are those that enable a company to achieve its goal. The organisational plan of…

Q: Explain what are the differences between strategic,Tactical and operational planning and provide an…

A: Below, we will cover the distinctions between Strategic, Tactical, and Operational planning in…

Q: Q2. What are financial and non financial benefits of strategic management? How strategic management…

A: Challenges associated with the strategic management: 1. Strategic management is a time consuming…

Q: Explain briefly how can we use strategic analysis in our daily lives?

A: Strategic analysis is the method that entails researching the business environment in which a firm…

Q: What is called strategic business units?

A: Strategic business units (SBUs) are a subunit of an association that can go about as an accessible…

Q: What is the importance of the monitoring and control of the implementation of the strategic plan?…

A: Strategic planning is a systematized procedure that aids an organization to formulate goals for its…

Q: How do we ensure proper execution or implementation of the strategic objectives?

A: It is possible to assure proper execution through; Training with a timetable for implementation.…

Q: Define and give examples of key terms of Strategic Management?

A: A Small Introduction about Management The executives are the demonstration of getting individuals…

Q: Why is there a need for strategic management model? Justify your answer

A: The strategic management model recognizes concepts of strategy as well as elements important for…

Q: Why is strategic monitoring needed? Explain the steps in setting this up. Discuss strategic…

A: The strategic management process implies the association's methodology. It is likewise characterized…

Q: Why is matching internal with external factors such an important strategic management activity?

A: Internal factors are the factors that have their main focus on the evaluation of the working parts…

Q: Describe how strategic decisions differ from other decisions that managers make.  Are you able to…

A: Any effective choice made by management in a company is based on strategy. A well-planned and…

Q: 4. What type of information and/or research is required before strategic managers can conduct a PEST…

A: Environment scanning is the part of business research and evaluation for taking critical business…

Q: In 300 words, what are the considerations when picking a company to observe and make it a strategic…

A: The STRATEGIC PLANNING process explains what objectives must be met while taking internal and…

Q: what are the objectives of strategic management?

A: Strategic management refers to the process of identifying, implementing, and evaluating strategies…

Q: how does system design differ from strategic planning?

A: System design planning  Design planning is the process of determining all project objectives and…

Q: What is a Strategic Issue? How might we go about identifying a strategic issue? Consider how an…

A: Strategic issue  : Any unresolved problem, which needs attention to achieve the further organisation…

Q: What is the difference between Strategy and Strategic?  Define Strategic Management

A: Organizations need to understand the concept of strategic management and apply the same in their…

Q: How might the three levels of strategic planning operational planning, and tactical planning…

A: Strategic planning is the mechanism by which an organisation determines its strategy, or direction,…

Q: Differentiate and explain the following concepts: Strategic Plan and Tactical Plan…

A: Strategic Plan and Tactical Plan Strategic Plan A strategy is a comprehensive plan or set of…

Q: Opportunities and threats are: a) dealt with primarily in a firm's operational planning process. ()…

A: The SWOT analysis is nothing but the abbreviation for the terms Strength, Weakness, Opportunities,…

Q: Mr. John Francois, the owner of John Francois Stores has been operating a successful business since…

A: Management is very important for the company or any type of business organization. Management may be…

Q: Which of the the three key activities in the strategic management process is the most important:…

A: In strategy analysis, the firms examine a company's internal and external environments, as well as…

Q: A strategist has two broad approaches from which he/she can approach the development of strategies…

A: Deciding which business strategies to implement is a crucial decision, it requires careful…

Q: What is the importance of strategic management?

A: Strategic management can be understood as the management of company's resources in order to…

Lean Production

The word lean refers to the “slim “that is used in manufacturing for the systematic designing that focuses on minimizing the waste in the manufacturing or production with the constant productivity of the operation. Lean manufacturing was rooted from Toyota Production system a Japanese manufacturing company that works on the approach of minimizing the non-value-added activities and making the production lean.