Strategic Management is all about identification and description of the strategies that leaders can carry so as to achieve better performance and a competitive advantage for their organization.
An organization is said to have competitive advantage if its profitability is higher than
the average profitability for all companies in its industry.
Strategic Management is all about identification and description of the strategies that leaders can carry so as to achieve better performance and a competitive advantage for their organization.
An organization is said to have competitive advantage if its profitability is higher than
the average profitability for all companies in its industry.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
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At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Memorandum Of Association Constitution of Company.pptseri bangash
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www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
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Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
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Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
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This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
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Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
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Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
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๐๐ ๐๐จ๐ฆ๐ฌ (๐๐ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
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LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
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In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Ranola Report - Strategy Formulation and Strategy Implementation.pptx
1. URS BINANGONAN -
MBA - BA 213
Presented by:
Arthur Jarold Ranola
INTER-RELATIONSHIP
BETWEEN STRATEGIC
FORMULATION AND
IMPLEMENTATION
2. FORMULATION
STRATEGY
Strategy formulation refers
to the process of choosing
the most appropriate course
of action for the realization
of organizational goals and
objectives and thereby
achieving the organizational
vision.
3. FORMULATION
STRATEGY
The process of strategy formulation basically involves six
main steps. Though these steps do not follow a rigid
chronological order, however they are very rational and
can be easily followed in this order.
4. SETTING
ORGANIZATIONSโ
OBJECTIVES
1. Long-term
The key component of any strategy
statement is to set the long-term objectives
of the organization.
Objectives
It is known that strategy is generally a
medium for realization of organizational
objectives.
All about the process
Objectives stress the state of being there
whereas Strategy stresses upon the process
of reaching there.
5. SETTING
ORGANIZATIONSโ
OBJECTIVES
1. Strategy includes both the fixation of objectives as
well the medium to be used to realize those
objectives. Thus, strategy is a wider term which
believes in the manner of deployment of resources
so as to achieve the objectives.
While fixing the organizational objectives, it is
essential that the factors which influence the
selection of objectives must be analyzed before the
selection of objectives. Once the objectives and the
factors influencing strategic decisions have been
determined, it is easy to take strategic decisions.
6. EVALUATING THE
ORGANIZATIONAL
ENVIRONMENT
2. Environment
The next step is to evaluate the general
economic and industrial environment in
which the organization operates.
Competitive Position
This includes a review of the organizations
competitive position.
Review
It is essential to conduct a qualitative and
quantitative review of an organizations
existing product line.
7. EVALUATING THE
ORGANIZATIONAL
ENVIRONMENT
2. The purpose of such a review is to make sure that
the factors important for competitive success in the
market can be discovered so that the management
can identify their own strengths and weaknesses as
well as their competitorsโ strengths and weaknesses.
After identifying its strengths and weaknesses, an
organization must keep a track of competitorsโ
moves and actions so as to discover probable
opportunities of threats to its market or supply
sources.
8. SETTING
QUANTITATIVE
TARGETS
3. SMART
In this step, an organization must practically
fix the quantitative target values for some of
the organizational objectives.
Compare
The idea behind this is to compare with long
term customers, so as to evaluate the
contribution that might be made by various
product zones or operating departments.
9. AIMING IN
CONTEXT WITH
THE DIVISIONAL
PLANS
4. Grassroot Levels
In this step, the contributions made by each
department or division or product category
within the organization is identified and
accordingly strategic planning is done for
each sub-unit.
Macroeconomics
This requires a careful analysis of
macroeconomic trends.
10. PERFORMANCE
ANALYSIS
5. Expectation vs Reality
Performance analysis includes discovering
and analyzing the gap between the planned
or desired performance.
Overseeing
A critical evaluation of the organizations past
performance, present condition and the
desired future conditions must be done by
the organization.
Aspirations
This critical evaluation identifies the degree
of gap that persists between the actual
reality and the long-term aspirations of the
organization.
11. CHOICE OF
STRATEGY
6. Choose
This is the ultimate step in Strategy
Formulation.
Decision-making
The best course of action is actually chosen
after considering organizational goals,
organizational strengths, potential and
limitations as well as the external
opportunities.
12. IMPLEMENTATION
STRATEGY
Strategy implementation is the
translation of chosen strategy into
organizational action so as to
achieve strategic goals and
objectives.
Strategy implementation is also defined as
the manner in which an organization should
develop, utilize, and amalgamate
organizational structure, control systems,
and culture to follow strategies that lead to
competitive advantage and a better
performance.
13. STRUCTURE
ORGANIZATIONAL
allocates special value developing tasks and
roles to the employees and states how these
tasks and roles can be correlated so as
maximize efficiency, quality, and customer
satisfaction-the pillars of competitive
advantage. But, organizational structure is
not sufficient in itself to motivate the
employees.
An organizational control system is also
required. This control system equips
managers with motivational incentives for
employees as well as feedback on employees
and organizational performance.
Organizational culture refers to the
specialized collection of values, attitudes,
norms and beliefs shared by organizational
members and groups.
14. IMPLEMENTING A
STRATEGY
STEPS IN
1. Developing an organization
having potential of carrying out
strategy successfully.
2. Disbursement of abundant
resources to strategy-essential
activities.
3. Creating strategy-
encouraging policies.
4. Employing best policies and
programs for constant
improvement.
5. Linking reward structure to
accomplishment of results.
6. Making use of strategic
leadership.
15. Excellently formulated strategies will fail if they are not properly implemented. Also, it
is essential to note that strategy implementation is not possible unless there is stability
between strategy and each organizational dimension such as organizational structure,
reward structure, resource-allocation process, etc.
Strategy implementation poses a threat to many managers and employees in an
organization. New power relationships are predicted and achieved. New groups
(formal as well as informal) are formed whose values, attitudes, beliefs and concerns
may not be known. With the change in power and status roles, the managers and
employees may employ confrontation behaviour.
EXECUTION
IT'S ALL IN
16. Effectiveness vs Efficiency
Administrative Task vs Entrepreneurial Activity
Placing the forces before the action vs during
STRATEGY IMPLEMENTATION
STRATEGY FORMULATION VS