Professional Documents
Culture Documents
Human Resource Management is the art of procuring, developing and maintaining competent workforce to achieve
Finance Subsystem
Marketing Subsystem
Technical Subsystem
SBU 1
SBU 2
SBU 3
FINANCE
MARKETING
OPERATION
PERSONNEL
INFORMATION
STRATEGIC MANAGEMENT
Strategic management is the formulation and implementation of plans and carrying out of activities relating to the matters which are of vital , pervasive or continuing importance to the total organization.
Provides guidelines for organizational functioning. Probability for better performance. It helps to keep pace with the changing environment as by exploring opportunities and minimizing threats . It helps the business to achieve the optimum level of efficiency. Strategic management focuses on the determination of the major organizational objectives by identifying the things to be achieved. Improves communication, coordination, allocation or resources.
1. Identifying and analyzing external opportunities and threats that may be crucial to the company's success. 2. Provides a clear business strategy and vision for the future. 3. To supply competitive intelligence that may be useful in the strategic planning process. 4. To recruit, retain and motivate people. 5. To develop and retain of highly competent people. 6. To ensure that people development issues are addressed systematically. 7. To supply information regarding the company's internal strengths and weaknesses. 8. To meet the expectations of the customers effectively. 9. To ensure high productivity. 10. To ensure business surplus thorough competency
ENVIRONMENTAL SCANNING
INTERNAL SCANNING EXTERNAL SCANNING
STRATEGY FORMULATION
CORPORATE STRATEGY FORMULATION BUSINESS UNITS STRATEGY FORMULATION FUNCTIONAL STRATEGY FORMULATION
STRATEGY IMPLEMENTATION
PROGRAMME BUDGETS PROCEDURES
STRATEGY EVALUATION
STRATEGIC CONTROL PROCESS & PERFORMANCE
PERSONNEL MANAGEMENT
Maintenance oriented. An independent function with independent sub-functions. Reactive function, responding to events as and when they take place.
Proactive function, trying to anticipate and get ready with appropriate responses.
Responsibility of all managers in the organization. Emphasis is put on higher order needs such as how to improve creativity and problem solving skills. It tries to develop the organization as a whole and its culture.
Exclusive responsibility of personnel department. Emphasis is put on monetaryrewards. Tries to improve the efficiency of people and administration.