BUSINESS ADMINISTRATION
BUSINESS POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Strategic Management
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Total Quality Management
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Human Resource Management
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Detailed explanation-1: -RATIONAL MODEL: It is a logical step-by-step approach. It requires organisation to analyse its existing circumstances. It requires the organisation to generate possible strategies.
Detailed explanation-2: -Strategic competitiveness is achieved when the firm successfully formulates and implements a value-creating strategy. Above-average returns are returns in excess of what investors expect to earn from other investments with similar risk levels.
Detailed explanation-3: -The strategic management process is the full set of commitments, decisions, and actions required for a firm to achieve strategic competitiveness and earn above-average returns.
Detailed explanation-4: -Strategic competitiveness is accomplished when a firm successfully integrates a value-creating strategy. The key to having a complete value-creating strategy is to adopt a holistic approach that includes business strategy, financial strategy, technology strategy, marketing strategy and investor strategy.