Strategic management and Business policy
unit 1 ( BBA 3RD year 6th sem)
Prepared by - Dipankar Dutta
Faculty, Dev Bhoomi Group of Institution Saharanpur
email- dipankarpharma1@gmail.com
Strategic management and Business policy
unit 1 ( BBA 3RD year 6th sem)
Prepared by - Dipankar Dutta
Faculty, Dev Bhoomi Group of Institution Saharanpur
email- dipankarpharma1@gmail.com
Business Portfolio Analysis is an organisational strategy formulation technique that is based on the philosophy that Organisations should develop strategy..... much as they handle investment portfolios..
Environmental Analysis is described as the process which examines all the components, internal or external, that has an influence on the performance of the organization.
Strategic management is the management of an organization’s resources to achieve its goals and objectives.
This presentation covers one of the process of Strategic Management; Strategic Implementation. There are 2 sub divisions; Functional Implementation and Structural Implementation. This section deals with Structural Implementation in detail.
Strategic financial management[1] is the study of finance with a long-term view considering the strategic goals of the enterprise. Financial management is nowadays increasingly referred to as "Strategic Financial Management" so as to give it an increased frame of reference.
To understand what strategic financial management is about, we must first understand what is meant by the term "Strategic". Which is something that is done as part of a plan that is meant to achieve a particular purpose.
Therefore, Strategic Financial Management is that aspect of the overall plan of the organization that concerns financial managers. This includes different parts of the business plan, for example, marketing and sales plan, production plan, personnel plan, capital expenditure, etc. These all have financial implications for the financial managers of an organization.
This presentation is made by Toran Lal Verma. Meaning, nature, and scope of Financial Management are discussed. scope and objectives of financial management have been discussed along with merits and demerits.
Approaches to determine appropriate capital structure - EBIT-EPS Approch
anybody can join my google class (financial Mangement)
by entering class code : avkkvj5
Business Portfolio Analysis is an organisational strategy formulation technique that is based on the philosophy that Organisations should develop strategy..... much as they handle investment portfolios..
Environmental Analysis is described as the process which examines all the components, internal or external, that has an influence on the performance of the organization.
Strategic management is the management of an organization’s resources to achieve its goals and objectives.
This presentation covers one of the process of Strategic Management; Strategic Implementation. There are 2 sub divisions; Functional Implementation and Structural Implementation. This section deals with Structural Implementation in detail.
Strategic financial management[1] is the study of finance with a long-term view considering the strategic goals of the enterprise. Financial management is nowadays increasingly referred to as "Strategic Financial Management" so as to give it an increased frame of reference.
To understand what strategic financial management is about, we must first understand what is meant by the term "Strategic". Which is something that is done as part of a plan that is meant to achieve a particular purpose.
Therefore, Strategic Financial Management is that aspect of the overall plan of the organization that concerns financial managers. This includes different parts of the business plan, for example, marketing and sales plan, production plan, personnel plan, capital expenditure, etc. These all have financial implications for the financial managers of an organization.
This presentation is made by Toran Lal Verma. Meaning, nature, and scope of Financial Management are discussed. scope and objectives of financial management have been discussed along with merits and demerits.
Approaches to determine appropriate capital structure - EBIT-EPS Approch
anybody can join my google class (financial Mangement)
by entering class code : avkkvj5
STRATEGIC MANAGEMENT
Module 1 Introduction to Strategic Management & Business Policy
By Jayanti Pande
RTMNU Nagpur university MBA Sem 3
Free Notes By Jayanti Pande
#JRPNotes
#JayantiPandeNotes
MBA Free notes pdf download
JRP Notes pdf
Free JRP notes
Basic info and introduction of business Policy,.
Definition of Business Policy
Business policies are the guidelines developed by an organization to govern its actions. They define the limits within which decisions must be made. Business policy also deals with acquisition of resources with which organizational goals can be achieved.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
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This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
An introduction to the cryptocurrency investment platform Binance Savings.Any kyc Account
Learn how to use Binance Savings to expand your bitcoin holdings. Discover how to maximize your earnings on one of the most reliable cryptocurrency exchange platforms, as well as how to earn interest on your cryptocurrency holdings and the various savings choices available.
2. DEFINITION OF BUSINESS
POLICY
• Business policies are the guidelines developed by an organization to govern its actions. They define
the limits within which decisions must be made. Business policy also deals with acquisition of
resources with which organizational goals can be achieved. Business policy is the study of the roles
and responsibilities of top level management, the significant issues affecting organizational success
and the decisions affecting organization in long-run.
• Business policy defines the scope or spheres within which decision can be taken by the subordinates
in an organization. It permits the lower level management to deal with the problems and issues without
consulting top level management every time for decision.
• ‘‘Business policy basically deals with decisions regarding the future of an ongoing enterprise. Such
policy decisions are taken at the top level after carefully evaluating the organizational strengths and
weaknesses in terms of product price quality , leadership position , resources etc., in relation to its
environment’’.
3. NATURE OF BUSINESS POLICY
1. The study of the function and responsibilities of top management, the crucial problems that
effect success in the organization and the decisions that determine the directions of
organization and shape its future.
2. Policy is the study of responsibilities of senior management related to those organizational
problems which affect the success of total organization.
3. Policy decision are taken at the top level after carefully evaluating the organizational
strengths and weaknesses in terms of product price, quality, leadership position, resources
etc., in relation to its in environment.
4. IMPORTANCE OF BUSINESS POLICY
1. FORM THE VIEW POINT OF COURSE ITSELF:
• It “integrates knowledge and experience’’ gained in various functional areas of
management.
• It enables the learner to understand the complex interaction that takes place between
different functional areas.
• It makes the study and practice of management more meaningful and guides how to make
policy/decision.
5. IMPORTANCE OF BUSINESS POLICY
2.FOR THE UNDERSTANDING OF BUSINESS
ENVIRONMENT
• It creates an understanding of how policies are formulated.
• This helps in understanding the comlexity of the environment that the senior
management face in the policy formulation.
• By gaining an understanding of the business environment , managers become more
receptive to the ideas and suggestions of the senior management. Such an attitude makes
the implementation of policy simpler.
6. IMPORTANCE OF BUSINESS POLICY
3.FOR UNDERSTANDING THE ORGANIZATION:
• It provides a basic frame work for understanding strategic decision making.
• An understanding of organization in terms of business policy may lead to an
improvement in job performance.
• Business policies are an important too ensure that the business operates at maximum
efficiency. Written in these policies is the blueprint for the whole organization’s expected
behavior, role and reporting.
7. IMPORTANCE OF BUSINESS POLICY
4.FOR PERSONAL DEVELOPMENT:
• It is beneficial for an executive to understand the impact of policy shifts on the
status of one’s department.
• It enables the executives to avail an opportunity with regard to career planning and
development.
• It provides powerful insights in dealing with policy making at the macro level as
well as at an individual level through self-analysis.