--%>
Assignment Help - homework help

Importance of strategic management

Explain in brief about the importance of strategic management towards the success of a business?

E

Expert

Verified

Strategic management play a role of a different kind after the Second Word War. Strategic plans of the past frequently range 3 to 5 years. Some of the enterprises could have plans for even ten good years which is not possible today because of rapid evolution of our society.

   Related Questions in Microeconomics

  • Q : Objectives of Microeconomic policy

    Widely accepted objectives for microeconomic policy comprise: (w) full employment. (x) general price stability. (y) economic development. (z) efficiency, freedom and equity. Hey friends please give your opinion for

    		•
  • Q : Define Indirect taxes Indirect taxes :

    Indirect taxes: Whenever the liability to pay tax is on one person and the burden of that tax falls on another person, it is termed as indirect tax. Illustrations are: sales tax, excise duty, VAT, tax on services and so on.

    		•
  • Q : Problem regarding to intermediation for

    Ticket-scalpers allow latecomers to ignore standing into line for tickets and permit people to wait till the last moment before deciding to attend athletic or concerts events. Are promoters of an event harmed through scalping? Must ticket scalpers' services be free? S

    		•
  • Q : Can the value of APS be negative Can

    Can the value of APS be negative:Yes, the value of APS is negative; when there are dissavings.

    		•
  • Q : Process of Privatization The

    The Privatization is a process by which ‘for-profit’ business firms: (1) Transform small entrepreneurships into big corporations. (2) Hiring professional administrators to assist manage operations. (3) Vend corporate stocks and bonds to safe the economic c

    		•
  • Q : Relative Income to Measures and

    From 1976 year, after adjusting income for taxes and transfers, the relative income group which, according to the Department of the Census, which has decreased most markedly like a percentage of the U.S. population ha

    		•
  • Q : Occurrence of equilibrium in the

    Long-run equilibrium occurs while: (w) MR = MC > P (x) P = MC = MR = ATC (y) ATC > P = MC(z) P = MR = MC = AFC I need a good answer on the topic of Economics problems. Please give me yo

    		•
  • Q : Purely-competitive market demand For

    For the purely-competitive cranberry market, as in below figure there Curve H is: (i) industry’s long-run supply curve. (ii) firm’s demand curve in the short run. (iii) industry’s marginal cost curve. (iv) firm’s long run margi

    		•
  • Q : Long-run supply curve in industry When

    When Christmas trees are a constant cost industry and such firm is typical, in that case the industry’s long-run supply curve is curve that is: (w) A. (x) B. (y) C. (z) E.

    Q : Production by a strategy of extensive

    Fakery is a pretentious start-up firm within the monopolistically-competitive costume jewellery industry. But Fakery is most probable to try to gain control over pricing whereas limiting its production by a strategy of: (1) lobbying C

    		•