This document provides an overview of basic management concepts. It defines management as providing useful concepts for managers to apply. The main contents covered include understanding management, the role of managers, strategic management concepts, and organizing the purpose and future of an organization. The four key functions of management are then defined as planning, organizing, leading, and controlling. Each function is then briefly described with planning focusing on goal setting and crisis avoidance, organizing focusing on properly implementing systems, leading focusing on strategic planning and skills, and controlling focusing on facilitating procedural changes through a systematic approach. The document finishes by noting that organizational structure is influenced by factors like size, technology, and interdependence with other organizations.
Strategic planning is a periodic process that involves strategic thinking sessions where organizational leaders come together to develop steps to accomplish the mission and vision. It provides a sequential process for creating a strategy and establishing organizational focus through consensus-building on analyzing the external environment, assessing internal strengths and weaknesses, and determining directional strategies based on resources and capabilities. The outcome is a documented strategic plan that facilitates consistent decision-making.
1. The document discusses the concepts of strategy and strategic management. It defines strategy as a set of actions to increase a company's performance and achieve long-term goals.
2. Strategic management is described as a continuous process undertaken by top management to create, implement, and evaluate strategic decisions to help an organization achieve its objectives.
3. The strategic management process involves analyzing internal strengths and weaknesses as well as external opportunities and threats, then developing objectives, strategies, and plans to leverage strengths and opportunities while addressing weaknesses and threats.
1. The document discusses the differences between deliberate and emergent strategies, noting that emergent strategies develop organically from day-to-day decisions while deliberate strategies are pre-planned.
2. It emphasizes that the strategy development process is just as important as the strategy itself, and that successful companies match their process to the stage of business - using emergent processes early on and deliberate processes once a strategy is established.
3. Executives must actively manage both emergent and deliberate strategies, learning from emergent experiments to guide deliberate plans, and intervening to ensure the right process is used for each business unit depending on its circumstances.
- Functions of score card
- How to implement score card
- How score card conduct
- Examples of how score cards are used in finance, government & hospital
Boardroom leadership : Converting strategy to effective action Mohandas Menon
The document discusses the role of the board of directors in translating a company's strategy into effective action. It outlines that the board should be involved in helping create the vision and mission, rigorously reviewing executive strategic plans through debate and challenges, and monitoring implementation through oversight of operational plans. However, the board should not originate strategic plans or micro-manage, as planning is best left to the executive team. The board provides vision, guidance, and risk mitigation to help executives execute the strategy effectively and ensure interests of all stakeholders are protected through governance.
This document provides an overview of basic management concepts. It defines management as providing useful concepts for managers to apply. The main contents covered include understanding management, the role of managers, strategic management concepts, and organizing the purpose and future of an organization. The four key functions of management are then defined as planning, organizing, leading, and controlling. Each function is then briefly described with planning focusing on goal setting and crisis avoidance, organizing focusing on properly implementing systems, leading focusing on strategic planning and skills, and controlling focusing on facilitating procedural changes through a systematic approach. The document finishes by noting that organizational structure is influenced by factors like size, technology, and interdependence with other organizations.
Strategic planning is a periodic process that involves strategic thinking sessions where organizational leaders come together to develop steps to accomplish the mission and vision. It provides a sequential process for creating a strategy and establishing organizational focus through consensus-building on analyzing the external environment, assessing internal strengths and weaknesses, and determining directional strategies based on resources and capabilities. The outcome is a documented strategic plan that facilitates consistent decision-making.
1. The document discusses the concepts of strategy and strategic management. It defines strategy as a set of actions to increase a company's performance and achieve long-term goals.
2. Strategic management is described as a continuous process undertaken by top management to create, implement, and evaluate strategic decisions to help an organization achieve its objectives.
3. The strategic management process involves analyzing internal strengths and weaknesses as well as external opportunities and threats, then developing objectives, strategies, and plans to leverage strengths and opportunities while addressing weaknesses and threats.
1. The document discusses the differences between deliberate and emergent strategies, noting that emergent strategies develop organically from day-to-day decisions while deliberate strategies are pre-planned.
2. It emphasizes that the strategy development process is just as important as the strategy itself, and that successful companies match their process to the stage of business - using emergent processes early on and deliberate processes once a strategy is established.
3. Executives must actively manage both emergent and deliberate strategies, learning from emergent experiments to guide deliberate plans, and intervening to ensure the right process is used for each business unit depending on its circumstances.
- Functions of score card
- How to implement score card
- How score card conduct
- Examples of how score cards are used in finance, government & hospital
Boardroom leadership : Converting strategy to effective action Mohandas Menon
The document discusses the role of the board of directors in translating a company's strategy into effective action. It outlines that the board should be involved in helping create the vision and mission, rigorously reviewing executive strategic plans through debate and challenges, and monitoring implementation through oversight of operational plans. However, the board should not originate strategic plans or micro-manage, as planning is best left to the executive team. The board provides vision, guidance, and risk mitigation to help executives execute the strategy effectively and ensure interests of all stakeholders are protected through governance.
Knowledge Management (KM) developed by Valio Competitive Intelligence is a very important tool to preserve the knowledge of the organization in a structured platform.
The document discusses performance appraisal systems. It notes that performance appraisal aims to provide systematic planning, review employee performance with feedback, and guide management decisions. It outlines the key steps in performance appraisal as establishing standards, measuring performance, comparing to standards, discussing with employees, and taking corrective action. The document recommends making appraisals ongoing, looking at all aspects of performance, providing constructive feedback, keeping written records, and not letting marginal employees avoid scrutiny. It also discusses developing business plans, setting performance expectations, agreeing on objectives, communication, and recognizing good performance as part of an effective appraisal system.
The document provides information on developing HR scorecards and key performance indicators (KPIs) for measuring HR performance. It includes examples of HR strategy maps and scorecards that identify strategic objectives and KPIs related to areas like employee satisfaction, productivity, recruitment, and competency development. It also shares a template for an HR manager's KPI table that lists key result areas, KPIs with defined targets and weights, space to track actual results, and a formula for calculating final performance scores. The template is intended to help HR evaluate and improve their performance across important business goals.
The document provides an overview of strategic planning and management. It defines strategic management as a continuous process led by senior leaders to set the strategic direction of an organization and link strategic planning to day-to-day operations. The strategic management process involves five steps - pre-planning, strategic planning, deployment, implementation, and measurement and evaluation. The first step is to develop a strategic plan, which includes conducting an internal and external assessment using a SWOT analysis to identify strengths, weaknesses, opportunities, and threats.
The document outlines steps to create a business infrastructure to manage unpredictable growth. It recommends documenting a strategic vision and goals aligned with the vision. It then discusses determining tactics for business design, records management, business processes, prioritizing tactics, committing them to a calendar, and tracking progress. Following these steps provides clarity on a company's growth direction and ensures having the infrastructure to sustain unpredictable growth.
Performance indicators for different levels of managementsree431
The document discusses the roles and responsibilities of different levels of management in performance management. It states that top management must play a leading role in implementing performance management systems successfully and setting standards for lower levels. Line managers have a crucial role in each stage of the performance management cycle, from setting goals to conducting reviews. The HR department also plays an important strategic role in performance management as an enabler. Regular feedback is important for performance improvement, and 360-degree feedback provides a rounded view of an employee's performance from different perspectives.
This document discusses organizational success and failure. It notes that organizational failure has historically been less studied than success, despite being more common. Poor organizational design is identified as a major cause of failure, which can result in role confusion, lack of coordination, and failure to share ideas. Key factors that affect organizational design and the likelihood of failure include strategy, size, lifecycle stage, system/structural flaws, financial mismanagement, poor marketing, and failures of upper management such as bad decision making. Common reasons for organizational change to fail include inadequate planning, lack of leadership support, insufficient resources, and deficient change management skills. Sustaining change requires long-term investment and commitment.
Tal Solutions Talent Science Presentation_FINAL3Marcia Tal
This document discusses how frameworks for customer lifecycle management can be applied to employee lifecycle management. It outlines key strategic and foundational elements for customer lifecycle management that can also be used for employee lifecycle management, such as segmentation, data integration, analytics, and measurement. Complex segmentation schemes that categorize individuals' behaviors and interactions are important for lifecycle management. The success of both customer and employee lifecycle management is measured by increased satisfaction and engagement.
How to maximise your elearning investment 2.0Workforce Group
A priceless exposition on how to get the best from your elearning investments. A must learning/training managers, HR Managers, CEOs and aspiring managers.
Tal Solutions Talent Science Presentation_FINAL3Marcia Tal
This document discusses how customer life cycle segmentation frameworks can be applied to employee life cycle management. It outlines the strategic and foundational elements needed for effective life cycle management, including assessing target markets, integrating data sources, and developing predictive models. Complex segmentation schemes that categorize beliefs, attitudes, behaviors, and interactions are critical for life cycle management. Implementing an employee life cycle management strategy can help companies early identify at-risk employees, maximize business revenues, and deepen employee relationships through integration of these elements.
The document discusses various concepts related to strategic planning and corporate strategy formulation. It begins with defining strategy and the importance of strategic planning. It then covers the following key points:
1. The stages of corporate strategy formulation including developing a strategic vision, setting objectives, crafting a strategy, implementing and executing the strategy, and monitoring performance.
2. Michael Porter's generic strategies of cost leadership, differentiation, and focus.
3. Strategic alternatives like stability, expansion, retrenchment, and combinations thereof.
4. Factors to consider when selecting between strategic options like SWOT analysis and Porter's five forces framework.
Effectiveness of Performance Management SystemCeline George
According to several studies conducted by leading management exponents, it is estimated that there are about 48% of employees who are disengaged at their workplace.
Read Blog: https://www.openhrms.com/blog/how-to-measure-effectiveness-of-performance-management-system
The document discusses the Balanced Scorecard, a strategic planning and management system used to align business activities with organizational vision and strategy. It does this by monitoring performance against strategic goals across four perspectives: financial, customer, internal business processes, and learning and growth. Key measures are identified for each perspective. The Balanced Scorecard framework translates strategy into objectives and measures across the four perspectives, allowing an organization to track strategic performance and progress.
Organisational structure is a framework with a boundary. It must have a top and a bottom. Managers in successful businesses are clear about what they have to do and about the responsibilities of others; they know to whom everyone reports and who in turn reports to them; and these facts are widely communicated. There should be clarity about who has to make decisions and is accountable for outcomes. The structure of an enterprise greatly influences what it costs to run, and the design of that structure will affect everything that a business or institution attempts to do. Making profit is the primary purpose of a business in the private sector. Therefore, how and where profit is to be managed and measured is a principal factor in organisational design.
This book is based on the lessons learned by Collinson Grant during more than 40 years of helping organisations become more efficient and profitable.
It covers fundamentals, such as how to configure structure in the components of an organisation such as a department; the need to accommodate the staff and managers within a sound structural framework according to how many people there are, how they function and relate to each other to make processes work well; and how accountability is put in place. Particular concerns are layers of hierarchy and spans of control, of controlling costs by restricting the number of managers to what is strictly necessary, and of the relationships between operational and support staff.
The book also explains the tools and techniques needed to design mangerial structures, the application of lean techniques, and various models of corporate devolution.
To find out more, to go www.collinsongrant.com
The document discusses performance measurement systems used by the American Red Cross over time. It provides an overview of the balanced scorecard method and describes how the Red Cross previously used two separate performance systems that had many measures but lacked alignment with strategy. The document recommends that the Red Cross apply the balanced scorecard approach to set objectives aligned with its three strategic goals, and to develop measures that encourage achievement of those objectives across four perspectives: financial, customer, internal processes, and learning/growth.
The document discusses a workshop on using balanced scorecards and metrics for human resources. It provides objectives of understanding the balanced scorecard approach for HR metrics. The workshop will include an introductory lecture and time for individual work, research, collaboration and presentation development. Key aspects of balanced scorecards are defined, including looking at multiple dimensions beyond just financials. The four legs of balanced scorecards - customer, financial, business process and employee - are outlined. Steps for implementing balanced scorecards including establishing a strategy map, designing scorecard legs, developing dashboards and continuous improvement are presented. Considerations for HR metrics and mapping strategies are discussed.
The document discusses the balanced scorecard concept proposed by Robert Kaplan and David Norton in 1992 as an alternative to only measuring managerial control through financial metrics. The balanced scorecard model suggests organizations view their performance through four perspectives: financial, customer, internal business processes, and learning and growth. By developing metrics in each of these areas and analyzing performance, managers can gain a more well-rounded understanding of organizational success beyond just financial measures.
Strategic Management models and diagrams for professional business presentation.
More downloadable business diagrams on
http://www.drawpack.com
your visual business knowledge
A Comprehensive Report on Consumer's Online Behaviormtwocomms
The document discusses the results of a study on the impact of climate change on wheat production. Researchers found that higher temperatures and changing precipitation patterns will significantly reduce wheat yields across major wheat-producing regions by 2050. The study concludes that efforts must be made to develop wheat varieties that can tolerate hotter and drier conditions to ensure future global food security as the climate continues to warm.
Knowledge Management (KM) developed by Valio Competitive Intelligence is a very important tool to preserve the knowledge of the organization in a structured platform.
The document discusses performance appraisal systems. It notes that performance appraisal aims to provide systematic planning, review employee performance with feedback, and guide management decisions. It outlines the key steps in performance appraisal as establishing standards, measuring performance, comparing to standards, discussing with employees, and taking corrective action. The document recommends making appraisals ongoing, looking at all aspects of performance, providing constructive feedback, keeping written records, and not letting marginal employees avoid scrutiny. It also discusses developing business plans, setting performance expectations, agreeing on objectives, communication, and recognizing good performance as part of an effective appraisal system.
The document provides information on developing HR scorecards and key performance indicators (KPIs) for measuring HR performance. It includes examples of HR strategy maps and scorecards that identify strategic objectives and KPIs related to areas like employee satisfaction, productivity, recruitment, and competency development. It also shares a template for an HR manager's KPI table that lists key result areas, KPIs with defined targets and weights, space to track actual results, and a formula for calculating final performance scores. The template is intended to help HR evaluate and improve their performance across important business goals.
The document provides an overview of strategic planning and management. It defines strategic management as a continuous process led by senior leaders to set the strategic direction of an organization and link strategic planning to day-to-day operations. The strategic management process involves five steps - pre-planning, strategic planning, deployment, implementation, and measurement and evaluation. The first step is to develop a strategic plan, which includes conducting an internal and external assessment using a SWOT analysis to identify strengths, weaknesses, opportunities, and threats.
The document outlines steps to create a business infrastructure to manage unpredictable growth. It recommends documenting a strategic vision and goals aligned with the vision. It then discusses determining tactics for business design, records management, business processes, prioritizing tactics, committing them to a calendar, and tracking progress. Following these steps provides clarity on a company's growth direction and ensures having the infrastructure to sustain unpredictable growth.
Performance indicators for different levels of managementsree431
The document discusses the roles and responsibilities of different levels of management in performance management. It states that top management must play a leading role in implementing performance management systems successfully and setting standards for lower levels. Line managers have a crucial role in each stage of the performance management cycle, from setting goals to conducting reviews. The HR department also plays an important strategic role in performance management as an enabler. Regular feedback is important for performance improvement, and 360-degree feedback provides a rounded view of an employee's performance from different perspectives.
This document discusses organizational success and failure. It notes that organizational failure has historically been less studied than success, despite being more common. Poor organizational design is identified as a major cause of failure, which can result in role confusion, lack of coordination, and failure to share ideas. Key factors that affect organizational design and the likelihood of failure include strategy, size, lifecycle stage, system/structural flaws, financial mismanagement, poor marketing, and failures of upper management such as bad decision making. Common reasons for organizational change to fail include inadequate planning, lack of leadership support, insufficient resources, and deficient change management skills. Sustaining change requires long-term investment and commitment.
Tal Solutions Talent Science Presentation_FINAL3Marcia Tal
This document discusses how frameworks for customer lifecycle management can be applied to employee lifecycle management. It outlines key strategic and foundational elements for customer lifecycle management that can also be used for employee lifecycle management, such as segmentation, data integration, analytics, and measurement. Complex segmentation schemes that categorize individuals' behaviors and interactions are important for lifecycle management. The success of both customer and employee lifecycle management is measured by increased satisfaction and engagement.
How to maximise your elearning investment 2.0Workforce Group
A priceless exposition on how to get the best from your elearning investments. A must learning/training managers, HR Managers, CEOs and aspiring managers.
Tal Solutions Talent Science Presentation_FINAL3Marcia Tal
This document discusses how customer life cycle segmentation frameworks can be applied to employee life cycle management. It outlines the strategic and foundational elements needed for effective life cycle management, including assessing target markets, integrating data sources, and developing predictive models. Complex segmentation schemes that categorize beliefs, attitudes, behaviors, and interactions are critical for life cycle management. Implementing an employee life cycle management strategy can help companies early identify at-risk employees, maximize business revenues, and deepen employee relationships through integration of these elements.
The document discusses various concepts related to strategic planning and corporate strategy formulation. It begins with defining strategy and the importance of strategic planning. It then covers the following key points:
1. The stages of corporate strategy formulation including developing a strategic vision, setting objectives, crafting a strategy, implementing and executing the strategy, and monitoring performance.
2. Michael Porter's generic strategies of cost leadership, differentiation, and focus.
3. Strategic alternatives like stability, expansion, retrenchment, and combinations thereof.
4. Factors to consider when selecting between strategic options like SWOT analysis and Porter's five forces framework.
Effectiveness of Performance Management SystemCeline George
According to several studies conducted by leading management exponents, it is estimated that there are about 48% of employees who are disengaged at their workplace.
Read Blog: https://www.openhrms.com/blog/how-to-measure-effectiveness-of-performance-management-system
The document discusses the Balanced Scorecard, a strategic planning and management system used to align business activities with organizational vision and strategy. It does this by monitoring performance against strategic goals across four perspectives: financial, customer, internal business processes, and learning and growth. Key measures are identified for each perspective. The Balanced Scorecard framework translates strategy into objectives and measures across the four perspectives, allowing an organization to track strategic performance and progress.
Organisational structure is a framework with a boundary. It must have a top and a bottom. Managers in successful businesses are clear about what they have to do and about the responsibilities of others; they know to whom everyone reports and who in turn reports to them; and these facts are widely communicated. There should be clarity about who has to make decisions and is accountable for outcomes. The structure of an enterprise greatly influences what it costs to run, and the design of that structure will affect everything that a business or institution attempts to do. Making profit is the primary purpose of a business in the private sector. Therefore, how and where profit is to be managed and measured is a principal factor in organisational design.
This book is based on the lessons learned by Collinson Grant during more than 40 years of helping organisations become more efficient and profitable.
It covers fundamentals, such as how to configure structure in the components of an organisation such as a department; the need to accommodate the staff and managers within a sound structural framework according to how many people there are, how they function and relate to each other to make processes work well; and how accountability is put in place. Particular concerns are layers of hierarchy and spans of control, of controlling costs by restricting the number of managers to what is strictly necessary, and of the relationships between operational and support staff.
The book also explains the tools and techniques needed to design mangerial structures, the application of lean techniques, and various models of corporate devolution.
To find out more, to go www.collinsongrant.com
The document discusses performance measurement systems used by the American Red Cross over time. It provides an overview of the balanced scorecard method and describes how the Red Cross previously used two separate performance systems that had many measures but lacked alignment with strategy. The document recommends that the Red Cross apply the balanced scorecard approach to set objectives aligned with its three strategic goals, and to develop measures that encourage achievement of those objectives across four perspectives: financial, customer, internal processes, and learning/growth.
The document discusses a workshop on using balanced scorecards and metrics for human resources. It provides objectives of understanding the balanced scorecard approach for HR metrics. The workshop will include an introductory lecture and time for individual work, research, collaboration and presentation development. Key aspects of balanced scorecards are defined, including looking at multiple dimensions beyond just financials. The four legs of balanced scorecards - customer, financial, business process and employee - are outlined. Steps for implementing balanced scorecards including establishing a strategy map, designing scorecard legs, developing dashboards and continuous improvement are presented. Considerations for HR metrics and mapping strategies are discussed.
The document discusses the balanced scorecard concept proposed by Robert Kaplan and David Norton in 1992 as an alternative to only measuring managerial control through financial metrics. The balanced scorecard model suggests organizations view their performance through four perspectives: financial, customer, internal business processes, and learning and growth. By developing metrics in each of these areas and analyzing performance, managers can gain a more well-rounded understanding of organizational success beyond just financial measures.
Strategic Management models and diagrams for professional business presentation.
More downloadable business diagrams on
http://www.drawpack.com
your visual business knowledge
A Comprehensive Report on Consumer's Online Behaviormtwocomms
The document discusses the results of a study on the impact of climate change on wheat production. Researchers found that higher temperatures and changing precipitation patterns will significantly reduce wheat yields across major wheat-producing regions by 2050. The study concludes that efforts must be made to develop wheat varieties that can tolerate hotter and drier conditions to ensure future global food security as the climate continues to warm.
The document discusses State Bank of India, the largest nationalized commercial bank in India. It provides information on SBI's headquarters, employees, delivery channels, marketing and sales activities, revenue streams, supporting activities like human resource management and technology deployment. It also presents a SWOT analysis, highlighting strengths like its brand name and distribution network, weaknesses such as high non-performing assets, opportunities in financial inclusion and rural India, and threats from increased competition.
The document provides information about ATM operations, location strategy, and the effect of consolidation in India. It discusses the history of the ATM and contributions from various inventors. It then covers topics like ATM operations including daily reports, deposit processing, and maintenance. The document also discusses factors considered for ATM location strategy like cost, geographical locations, and account status. Finally, it summarizes the effect of consolidation through shared ATM networks in India and developments like Euronet launching a national ATM switch and SBI adopting solar-powered ATMs.
Business environment, Royal Bank of ScotlandSaleh Roudi
This document provides an overview of business policies and economics. It discusses the impact of business policies, their implementation and relevance. It also defines economics, different types of economics (micro and macro), factors of production, and economic resources. Additionally, it outlines monetary policy, fiscal policy, similarities and differences between fiscal and monetary policies. It also describes different market structures like perfect competition, monopolistic competition, oligopoly, and monopoly. Finally, it discusses market forces, environmental factors impacting businesses, international trade, and governmental trade policies.
Washington Mutual Bank's Collapse Under An Audit Perspectivehong_nona
This is my MBA project paper of the External Audit course. The project paper was tapped to the hottest topics of the U.S. economic crisis in 2008, three months after the collapse of the biggest U.S. bank institution.
The author incorporated the audit principles in analyzing the root causes of the U.S. economic crisis and how this disaster can be avoided.
Once arrested you have an opportunity of being released on bail but you along with the attorney need to appear at court in a procedure called as arraignment. Click here for more knowledge http://www.yazlawsuitsettlement.org
“Customer satisfaction in public sector banks”AssassinCG
This document provides an introduction and background on a project report about customer satisfaction in public sector banks in India. It discusses the history and emergence of public sector banks in India through nationalization in the 1950s and 1980s. It also discusses the objectives and role of public sector banks before and after economic reforms in the early 1990s. The document outlines the chapters that will be covered in the project report, including the introduction, literature review, research methodology, data analysis, findings, and conclusions.
The document summarizes the evolution of the Indian banking sector from the pre-1950 period to the present day. It discusses the foundational phase in the 1950s-1970s, the expansion phase in the 1970s-1980s following nationalization, the consolidation phase of the 1980s-1990s, and the ongoing reformatory phase since liberalization. It outlines the performance improvements seen in the sector as well as ongoing challenges around infrastructure, technology, skills, and competition in a changing market. Overall the banking sector has strengthened but continues transforming to meet new demands.
A strategy needs to be planned once the arraignment is done with. This needs to be a strategy that is multifaceted. This means your attorney needs to devise a plan by which all the negative or harmful information provided by the prosecution is refuted tactfully Click here for more news http://www.employmentandlabourlaw.org
This is about strategies of ICICI bank in Indian and global banking industry, which made ICICI bank one of the best private sector bank in India with significant presence in global cities.
Porter‘s five forces model and value chain diagrammariaumran
Deutsche Bank is the largest bank in Germany by total assets and employees. It operates as a universal bank with major operations in key financial centers. An analysis of Deutsche Bank using Porter's Five Forces model finds threats from new competitors, substitute products, and rivalry among existing firms to be key challenges. The bargaining power of customers and suppliers also presents risks due to industry concentration and buyer sensitivity to pricing.
El suelo es importante como hábitat de organismos, amortiguador del clima y recurso natural que soporta y alimenta a las plantas. También es un productor clave de alimentos y fibras para los seres humanos y animales al apoyar el crecimiento de plantas y el desarrollo de materias primas.
lecture 1 information systems and business strategyNorazila Mat
This document discusses how information systems can help achieve various business objectives and strategies. It provides examples of how Walmart, Apple, Mandarin Oriental hotel, and others use IS for operational excellence, new products/business models, customer intimacy, improved decision making, competitive advantage, and survival. Continuous replenishment planning (CRP) systems are described, which allow efficient inventory management between suppliers and retailers like Walmart. Strategic information systems are introduced as those that change organizational goals, operations, or environment to gain competitive edge. Management challenges of implementing SIS are also outlined.
Business Performance Management - Business Intelligence for ManagersJoão Gretzitz
Performance management originated in the late 1970s and refers to a set of management processes that help organizations improve strategy execution, decision-making, and performance. It involves defining strategic objectives, measuring performance, analyzing results, and aligning people and culture. More advanced approaches integrate performance management with other key processes like financial planning, project management, and risk management to create a holistic view of organizational performance. Technology solutions can help organizations systematically manage performance through integrated data, analytics, and applications.
The document discusses various functional level strategies that organizations must consider, including marketing, finance, human resources, and operations. It focuses on strategies for several key functions like marketing strategies (product, pricing, placement, promotion), financial strategies (capital acquisition, capital structure, dividends), human resource strategies (objectives, organization structure, performance appraisal), and how functional strategies integrate with and support organizational strategy.
This document discusses various aspects of human resource (HR) policies and strategies. It defines HR policies as guides for personnel decisions set by top management. HR strategies must be integrated with the organization's overall objectives. The roles of HR in strategic management include defining the organization's structure and aligning HR programs with business strategies. Effective strategic control involves measuring performance against plans and taking corrective actions. The document also outlines different levels of strategies, factors influencing strategic HR planning, and guidelines for developing strategic HR policies.
Employee Succession Planning Step by Step.pptxPriyaShama1
Employee Succession Planning Step by Step. This presentation will help you out with all details you need to plan succession planning for your organisation along with case study.
Execution - The Discipline of getting things doneSathish Kumar P
The document summarizes key points from the book "Execution" about how to successfully execute business strategies. It discusses that execution requires integrating people, strategy, and operations. Execution is not tactical but a discipline that companies must master. Leaders play a central role in conceiving and executing strategy. The three core processes of execution are the people process, strategy process, and operational process, which must all be critically linked with a focus on people. Putting an execution environment in place is difficult but losing it is easy.
The document provides information on strategies, policies, strategic management, and developing vision and mission statements for organizations. It discusses that strategy is an action to achieve goals, while policy guides actions. Strategic management involves environmental scanning, strategy formulation, implementation, and evaluation. Developing a strong vision and mission is important, with the vision being future-oriented and inspiring, and the mission describing the current purpose and objectives. Key steps for writing effective vision and mission statements are identified.
The document discusses succession planning and provides guidance for organizations to develop a succession plan. It begins by defining succession planning and management. It then outlines a 5-step process to develop a succession plan: 1) gain support and commit resources, 2) assess current and future needs, 3) develop a model, 4) implement the model, and 5) continuously evaluate and adapt the plan. Key aspects of developing a plan include identifying critical roles, assessing internal talent, developing training programs, and creating strategies for knowledge transfer. The document notes challenges small organizations may face and provides modified guidance, such as focusing first on mission critical roles and skills.
Getting The Best Out Of Your People - webinarG&A Partners
In today's business environment business owners must understand what motivates their employees so that they can reduce turnover and absenteeism, boost individual performance and create customer loyalty to ensure the long term success of the company. Jose Laurel takes an in-depth look at strategies that will help you align and manage goals, document performance and develop a plan for the Performance Management Process.
This document provides an outline and introduction for an agribusiness strategic management course. The course aims to provide students with strategic management techniques for managing agribusinesses. The outline covers topics such as the strategic planning process, formulating agribusiness strategies, and integrating operations, marketing, finance, and human resources. The document provides an introduction to strategic management, defining it as a process that links strategic planning and decision making with day-to-day operations. It also discusses the strategic management process and the role of senior managers in leading the process.
This document defines and outlines talent management. It discusses how talent management refers to developing and retaining current employees while attracting new skilled workers. The benefits include having the right people in jobs, retention of top talent, better hiring and understanding employees. Key areas of talent management include talent assessment, potential enhancement, acquisition, and knowledge management. Strategies involve attracting, retaining, and managing talent. The process has eight steps including workforce planning, recruiting, onboarding, performance management, training, succession planning, compensation, and skills gap analysis. Advantages are stronger skills and competitiveness while disadvantages can include costs and headhunting.
This document discusses the role of human resource management in implementing organizational strategy. It defines strategic management and strategic human resource management. It outlines the strategic management process, including strategy formulation and implementation. It describes how HR practices like recruiting, training, and performance management can develop employee skills and behaviors to support the organization's strategic goals. The document also discusses different levels of integration between HR and strategic planning and the types of employees and HR needs for different strategic approaches like cost leadership and differentiation.
Oracle Corporation is a multinational technology company headquartered in California that specializes in developing and marketing database software, enterprise software, and computer hardware. It has over 400,000 customers in 145+ countries. Talent management at Oracle involves identifying, developing, evaluating, and retaining skilled workers through competency management, performance evaluations, and career and succession planning using Oracle's HRMS software.
This document discusses key elements needed for a successful organization, including direction, structure, clarity, measurability, and control. It emphasizes that an organization needs strategy to provide direction and add value. The strategy should include financial, customer, internal, and learning perspectives. It also stresses that an organization's structure should reflect its strategy and focus on people. Processes need to be defined, optimized, and provide clarity on activities, roles, and responsibilities. Measurability and control are also important to ensure the organization is on the right track and allows for course corrections. The document proposes that a management consulting company can help organizations with strategic planning, process mapping, performance indicators, and other services.
This document discusses strategic international human resource management (SIHRM). It provides models for strategic HRM and SIHRM. Key aspects of SIHRM include initiatives that can be driven globally by the parent company or localized at the business unit level. SIHRM must be aligned with the overall business strategy to gain a competitive advantage through proficient strategic HR choices around staffing, competencies, organization structure, and encouraging productivity, quality and service. HR professionals must prepare by acquiring business and technical knowledge as well as international experience and certification.
This document discusses human resource (HR) policies, strategies, and the role of HR in strategic management. It provides definitions of key terms like policy, procedure, programme, and strategy. It also outlines the importance of developing HR policies and strategies, and notes that the role of HR is to formulate decisions that translate corporate strategy into HR strategy through functions like planning, selection, and appraisal. HR strategies are developed to help organizations achieve their objectives and gain a competitive advantage over rivals.
This document discusses talent management in nursing. It defines talent as an individual's abilities, skills, knowledge, intelligence and other attributes. Talent management refers to developing, retaining and attracting skilled workers. The benefits of talent management include having the right people in jobs, retaining top talent, better hiring and understanding employees. Talent management strategies involve attracting, retaining and managing talent through effective communication, training and rewarding performance. The process of talent management includes workforce planning, recruiting, training, performance management and succession planning.
Enhancing Workforce Performance Through Succession PlanningJoanMullins
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2. WHAT IS WASTAGE
“ THE ACTION OR PROCESS OF LOSING OR
DISTROYING SOMETHING BY USING CARELESSLY,
EXTRAVAGANTLY, INCORRECTLY,OR IN DIFFERENT
MANNER THEN THE SET PERAMETERS”
Losing something means the wastage of resources like
•Time management,
•Man power,
•Machines remain idle,
•Space remains under utilize
•Power & electricity
•Un planed travels
•Blockage of funds by non moving & dead investments
•Lengthy unplanned without analysis Joint meetings
3. WHAY IT HAPPENS
“
IT HAPPENS KNOWINGLY OR UNKNOWINGLY
WHEN
•There is gap between formulation and performance
•Presence of killers of strategy implementation
•Managerial skills obstacles
4. The gap between
formulation and
performance
• Generally company's employees are not.
aware of or do not understand their company's
strategy unless closely/ repeatedly
communicated .
• Lack of which 66% of corporate strategy is
never implemented properly.
• If employees lack knowledge about the
company's strategy, it is unlikely that proper
implementation will occur,
• performance require proper implementation
5. killers of strategy
implementation
• Top-down senior management style,
• Unclear strategy and conflicting priorities,
• An ineffective senior management team,
• Poor vertical communication,
• Poor coordination across functions,
• Inadequate down-the-line leadership skills
6. Managerial skills obstacles
•Lack of initiative.
•Few people can talk candidly about tough issues.
•Few people have individual work goals.
•Some of people do not plan how to use their time.
•Very less are thinking about how to improve their
performance.
7. HOW BECOME CAPABLE
• Strengthen structural levers of implementation
• Improve Managerial skills levers
• To Strengthen Structural Levers & Managerial Skill
Levers we need proper TRAINING PROGRAM
8. Structures and managerial
skills
• Structures provide the framework or
configuration in which companies operate
effectively.
• Managerial skills are the behavioral activities
that managers engage in within the structures
developed by the organization.
• Strategies are implemented through the
structure, with managerial skills
9. levers of implementation
• Actions-
• Who will do
• What he will do
• When it will start and finish
( Action requires the input and cooperation of all the
players in the company with team spirit)
• Programs-
• instilling organizational learning
• continuous improvement practices
• (The creative thinkers in the company are it’s
ASSTES, they need to be encourages to be
innovative)
10. structural levers of
implementation
• Systems- installing strategic support systems
( which can provide timely access to both qualitative
and quantitative data about customers ,human
resources, revenue & cost, inventory/order position)
• Policies-establishing strategy supportive policies.
( collective pattern of day to day decisions and
actions applicable with consistency across
geographically dispersed units)
Markdown & reward point policy
Increment & Incentive policy
Sales & Marketing policies
Production & sourcing policies
11. Managerial skills levers
• Interacting-the exercising of strategic leadership
which include Direction, Protection, Orientation,
Managing conflicts and shaping norms.
• Allocating- understanding when and where to
allocate resources such as Money, People and
capacity & capabilities
• Monitoring- Organizing-the strategic shaping of
corporate culture.
• Organizing- the strategic shaping of corporate
culture. Defining what is important, appropriate,
attitudes and behaviors. Finally Balancing the
implementation
19. MIS & Communication
Flow
SNO
. ZONE.
SALE
QUANTITY NET SALE AMOUNT
1 EAST 859.00 855471.00
2 NORTH 1651.00 1747330.00
3 SOUTH 521.00 458472.00
4 WEST 1318.00 1188434.00
4349.00 4249707.00