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  • Asked by Sidant on April 11, 2017, 5:20 p.m.

    1 Upvote  |  22 View  |  1 Reply  |   Asked to: EveryOne

    How does the organization responsd to business environment ?

    Jeeba Lal

    Business and its environment has immeasurable interrelationship that it very difficult to determin

    Full Answer:

    Business and its environment has immeasurable interrelationship that it very difficult to determine exactly where the organisation ends and where environment begins. And it is very difficult to determine exactly what the business should do in response to the particular situation in the environment. Business should make the effort to advantage by considering risk factor. Business may follow the following response • Conservative response: Some business just manage to survive to by way of coping with their changing external environment. they are simple goal maintaining units. Such enterprise are passive in their operation and react only when external environment force them to do so. These enterprise are also known as slow moving enterprise. Governments banks and other enterprise are considered as conservative organizations and moves slowly to change themselves in response to environment. • Cautious Response These organizations take the intelligent interest in the changing external environment. They seek to monitor the changes in the environment analyze their impact in their operation and make the strategies accordingly. These organizations are also known as adoptive organization and adopt themselves to changing environment quickly but take a cautious approach before taking actions. • Dynamic Approach: these are the organizations which can partially manage or control the external environment. their feedback system is highly dynmic and powerful. They are highly concious and confident in their own strengths and weaknesses of their external environmental adverses. They can some time convert the threats into opportunities.

  • Asked by Sidant on April 11, 2017, 3:18 p.m.

    0 Upvote  |  5 View  |  1 Reply | Asked to: Everybody

    What is the importance of Strategic Management?

    Jeeba Lal April 11, 2017, 3:40 p.m.

    Strategic management is the management of an organisation’s resources to achieve its goals and obj

    Full Answer:

    Strategic management is the management of an organisation’s resources to achieve its goals and objectives. Strategic management involves setting objectives, analysing the competitive environment, analysing the internal organisation, evaluating strategies and ensuring that management roles in the organisation. Strategic management involves identifying how the organisation can be ahead among competitors and recognising opportunities and threats which may come from within the organisation or from competitors. It is very important management function for the survival and growth of business organisations in a dynamic business environment. Major Importance of strategic management are as follows: • It helps organisations to be more proactive rather than reactive in dealing with its issues. Strategic management supports the organisations to discover strengths and weakness and remains adaptable in the turbulence. • It helps to build a dynamic and strong organisation. • It provides better guidance to the organization on the crucial situation. Also provides framework for all major business decisions of an enterprise. • It facilitates to prepare the organisation to face the future and act as a pathfinder to various business opportunities. Organisations are able to identify the available opportunities and react accordingly. • Provide mission or vision or direction to future of organisation.

  • Asked by Kanishka Mehta on April 4, 2017, 7:09 p.m.

    0 Upvote  |  27 View  |  0 Reply  |   Asked to: EveryOne

    When would be the GST implemented?

    No Answers till now! Be the first one to answer !
  • Asked by Pushplata Ranjan on April 4, 2017, 7:05 p.m.

    0 Upvote  |  6 View  |  0 Reply | Asked to: Everybody

    Are the four Bills for GST approved..?

    No Answers till now! Be the first one to answer !
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