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The focal organization obtains some resources from the social actor making the demands. The resource is a critical or important part of the focal organization's operation. The social actor controls the allocation, access, or use of the resource; alternative sources for the resource are not available to the focal organization.
Organizing is the function employed to achieve the overall goals of the organization. Organization harmonizes the individual goals of the employees with overall objectives of the firm. Composition of individuals and groups. Individuals forms a group and the groups forms an organization. Thus, organization is the composition of individual and ...
Organizational structure can also be considered as the viewing glass or perspective through which individuals see their organization and its environment. [2] Organizations are a variant of clustered entities. [3] An organization can be structured in many different ways, depending on its objectives.
The second major process of strategic management is implementation, which involves decisions regarding how the organization's resources (i.e., people, process and IT systems) will be aligned and mobilized towards the objectives. Implementation results in how the organization's resources are structured (such as by product or service or geography ...
Conventionally organizational architecture consists of the formal organization (organizational structure), informal organization (organizational culture), business processes, strategy and the most important human resources, because what is an organization if not a system of people? The table shows some approaches to organizational architecture.
Strategic planning is an organization's process of defining its strategy or direction, and making decisions on allocating its resources to attain strategic goals.. Furthermore, it may also extend to control mechanisms for guiding the implementation of the strategy.
Human resource management (HRM) is the strategic and coherent approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer's strategic objectives.
During the 1990s, the resource-based view (also known as the resource-advantage theory) of the firm became the dominant paradigm in strategic planning.RBV can be seen as a reaction against the positioning school and its somewhat prescriptive approach which focused managerial attention on external considerations, notably industry structure.