ANSWER :-
Strategic fit is a crucial criterion for screening strategically important projects. However, this aspect is vague and unquantifiable to employ with conventional quantitative analysis. This study suggests a method to assess strategic fit as relevance of a project to a set of organisation strategic goals in the context of multi-criteria project evaluation. The assessment is done subjectively by means of linguistic values, which are translated into numerical ones by employing a logic
According strategic fit , an organizational performance depends on its behavior, which is a function of the correctness and tightness of 'fit' between competitive advantages of the organization and external environment, when executives develop strategy during change.
Strategic fit expresses the degree to which an organization is matching its resources and capabilities with the opportunities in the external environment. The matching takes place through strategy and it is therefore vital that the company has the actual resources and capabilities to execute and support the strategy.
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Within the management function of planning, project managers and team members should settle on pr...
A management control system is a structure within an organization that allows for managers to establish, implement, and monitor progress toward the strategic goals of the organization. true or false
Managers should balance time spent on planning, organizing, influencing, and controlling. True False Question 3 10 Points Planning is a primary activity of management. It precedes organizing, influencing and controlling. True False Question 4 10 Points A standing plan is used only once. True False Question 5 10 Points Procedures explain the related actions to be taken to accomplish a particular task. True False Question 6 10 Points Rules are specific standing plans that indicates what an organization member should...
Strategic management is one type of planning, and it largely determines which organizations thrive and which ones struggle. It is the decisions and actions used to formulate and implement strategies that will give an organization a competitive advantage and enable it to reach its goals. Choose some type of business or specific, real-world organization, and start to develop a strategy for its long-term growth. Write a short essay that summarizes the components of strategic management that the organization needs to...
Discuss the tradeoffs between the three objectives in Project management. How do these tradeoffs depend on the life cycle of the project? Identify some multicultural factors requiring special consideration in projects and project managers. Discuss the advantages and disadvantages of housing projects within each of the three major organizational forms: functional, pure project or matrix organization. Explain the effects of the organizational form on coordination and interaction both within the project team and between the team and the rest of...
24. There are many roles played in the planning process for a typical company. Depending on the organizational level, the planning focus and the effort devoted will be different. Which of the following statements is true about planning within an organization? a. In their role in the planning process, top management focuses on short-term operational objectives for the company. b. Only top management spends time focused on strategic and operational planning activities for the organization. c. Middle management employees spend...
IT project management Being an experienced Project Manager how you will manage if Project Team Members are not working seriously. Discuss with some real example.
PROJECT TASK: In light of the extract, your organisation is contemplating going in to international business within the next two years as well as strengthen the local market competitive advantage. To attain this strategic goals, your organisation require strong leadership, resources, teamwork and motivated employees. As one of the senior managers you are requested by the Executive team of your organisation to develop a report on the preparedness of your organisation to achieve these goals. The report should cover...
Health Information Managers have various functions, skills, and roles in a variety of settings. Due to the versatility of the HIM profession, basic management principles are key skills to possess. Discuss the management functions of planning, organizing, and leading and controlling. Give an example of each using an HIM related function that is performed in a hospital setting. Also, discuss the difference between strategic plans, goals and objectives.
Managers engage in "Planning" activities at all organizational levels, from strategic planning at the executive leadership level, to budgeting and other resource planning at middle management levels, to project, product, staffing, etc. (operational planning) at lower levels. How do these planning activities in a virtual organization differ from more traditional approaches? A reference please
1. Three major challenges facing supply executives when setting supply strategies and objectives are: Multiple Choice (1) How can we simultaneously provide uninterrupted supply and minimize inventory? (2) How can we improve quality while reducing our supply base? and, (3) How can we increase our involvement in outsourcing decisions? (1) What is the effective interpretation of corporate objectives and supply objectives? (2) What is the appropriate action plan or strategy to achieve the desired objectives? and, (3) How can supply...