Question

In: Accounting

Define strategic management with specific examples to the following activities 1- Business vs individual strategic behaviors...

Define strategic management with specific examples to the following activities
1- Business vs individual strategic behaviors as different from managemnet planning.
2- Provide a written process of organization behavior for purpose of effective Management
3- What are the main objectives for understanding organization behavior?

Solutions

Expert Solution

1)Strategic management

Strategic management is the ongoing planning, monitoring, analysis and assessment of all necessities an organization needs to meet its goals and objectives. Changes in business environments will require organizations to constantly assess their strategies for success. The strategic management process helps organizations take stock of their present situation, chalk out strategies, deploy them and analyze the effectiveness of the implemented management strategies. Strategic management strategies consist of five basic strategies and can differ in implementation depending on the surrounding environment. Strategic management applies both to on-premise and mobile platforms.

Strategic Management Planning

Strategic planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organization’s direction in response to a changing environment. It is a disciplined effort that produces fundamental decisions and actions that shape and guide what an organization is, who it serves, what it does, and why it does it, with a focus on the future. Effective strategic planning articulates not only where an organization is going and the actions needed to make progress, but also how it will know if it is successful,which is different from Business vs individual strategic behaviors as their more biased in terms of individuality.

eg: Evaluating the strengths and weaknesses of the organization. Developing a business plan template.

2)The Organizational Process

Organizing, like planning, must be a carefully worked out and applied process. This process involves determining what work is needed to accomplish the goal, assigning those tasks to individuals, and arranging those individuals in a decision‐making framework (organizational structure). The end result of the organizing process is an organization — a whole consisting of unified parts acting in harmony to execute tasks to achieve goals, both effectively and efficiently.

A properly implemented organizing process should result in a work environment where all team members are aware of their responsibilities. If the organizing process is not conducted well, the results may yield confusion, frustration, loss of efficiency, and limited effectiveness.

In general, the organizational process consists of five steps (:

1.Review plans and objectives.

Objectives are the specific activities that must be completed to achieve goals. Plans shape the activities needed to reach those goals. Managers must examine plans initially and continue to do so as plans change and new goals are developed.

2. Determine the work activities necessary to accomplish objectives.

Although this task may seem overwhelming to some managers, it doesn't need to be. Managers simply list and analyze all the tasks that need to be accomplished in order to reach organizational goals.

3. Classify and group the necessary work activities into manageable units.

A manager can group activities based on four models of departmentalization: functional, geographical, product, and customer.

4.Assign activities and delegate authority.

Managers assign the defined work activities to specific individuals. Also, they give each individual the authority (right) to carry out the assigned tasks.

5. Design a hierarchy of relationships.

A manager should determine the vertical (decision‐making) and horizontal (coordinating) relationships of the organization as a whole. Next, using the organizational chart, a manager should diagram the relationships.

Organizational behavior studies the mechanisms governing these interactions, seeking to identify and foster behaviors conducive to the survival and effectiveness of the organization.

3)Organizational behavior’s objective is to set up an organizational culture, hiring the best people and creating meaningful connections among them, resolving the conflicts, developing the qualities of the employees, and establish a firm and clear leadership chain.

We have identified 8 objectives of organizational behavior;

  1. Job Satisfaction
  2. Finding the Right People
  3. Organizational Culture
  4. Leadership and Conflict Resolution
  5. Understanding the Employees Better
  6. Understand how to Develop Good Leaders
  7. Develop a Good Team
  8. Higher Productivity

Related Solutions

Discuss bussiness Vs Individual strategic behaviors as different from management planning.
Discuss bussiness Vs Individual strategic behaviors as different from management planning.
define strategy and strategic management
define strategy and strategic management
Write about Strategic Quality Management, with examples.
Write about Strategic Quality Management, with examples.
Provide some specific examples and applications in project management for each of the following tools: 1....
Provide some specific examples and applications in project management for each of the following tools: 1. ERP systems 2. Video conferencing tools? 3. cloud tools
define strategic cost management and discuss how the various strategic cost management tools and techniques outlined...
define strategic cost management and discuss how the various strategic cost management tools and techniques outlined below could help organization manage their cost tactically. 1 shareholder analysis 2 cost concepts 3 cost management systems
Briefly explain/define the following and how they are inter-related: 'management accounting', 'cost accounting', 'activities management' and...
Briefly explain/define the following and how they are inter-related: 'management accounting', 'cost accounting', 'activities management' and 'financial reporting'
Why types of activities should be included in the Financing Activities section? Give some specific examples...
Why types of activities should be included in the Financing Activities section? Give some specific examples to support your answer.
Define Fraud and give specific examples of three types
Define Fraud and give specific examples of three types
Which is not a part of the time management A. Plan Schedule Management B. Define Activities...
Which is not a part of the time management A. Plan Schedule Management B. Define Activities C. Control Activates D. Sequence Activities
Define an “enmeshed” family, AND provide TWO examples of behaviors that might characterize an “enmeshed” family....
Define an “enmeshed” family, AND provide TWO examples of behaviors that might characterize an “enmeshed” family. Also, define an “disengaged” family, AND provide TWO examples of behaviors that might characterize an “disengaged” family .
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT