Issues in Corporate Management: Key Words
Corporate Strategy : A unified, comprehensive and integrated plan that relates the strategic advantage of the firm to the challenges of the environment. Vector :…
Strategic Management
Risk analysis and Contingency plans
Risk Analysis Building control into a system will involve the organisation in costs and overheads. Additional staffing may be required to implement or supervise the…
6 Key Elements of a Marketing strategy
Competitive marketing strategy occurs within departments, across organizations, and within people’s heads as a way of doing business. Competitive marketing strategy is defined as a…
Linking the Reward System to Strategically Relevant Performance Outcomes
1. The most dependable way to keep people focused on strategy execution and the achievement of performance targets is to generously reward and recognize individuals…
Striking the Right Balance Between Rewards and Punishment
1. While most approaches to motivation, compensation, and people management accentuate the positive, companies also embellish positive rewards with the risk of punishment. 2. As…
Strategy-Facilitating Motivational Practices
1. Financial incentives generally lead the list of motivating tools for trying to gain wholehearted employee commitment to good strategy execution and operating excellence. 2….
Effective Motivation and Reward Techniques
1. It is important for both organization subunits and individuals to be enthusiastically committed to executing strategy and achieving performance targets. 2. To get employees’…
Incentives and Strategy execution
1. The Importance of Basing Incentives on Achieving Results, Not on Performing Assigned Functions: To create a strategy-supportive system of rewards and incentives, a company…
Building a Corporate Culture that Promotes Good Strategy Execution
1. Every company has its own unique culture. 2. The character of a company’s cultures or work climate is a product of the core values…
What to Look for in Identifying a Company’s Corporate Culture
1. The taproot of corporate culture is the organization’s beliefs and philosophy about how its affairs ought to be conducted – the reasons for why…