feature of strategic_management

May 29th, 2015
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A. T. Still University
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important role in setting the various policies and priorities of an organization. They are the deciding factors that have a significant impact on the future prospects of an organization. Strategists within an organization are aware of the importance of the government policies in taking various decisions. Strategic alternatives considered by an organization are seen in the context of government policies. Various cooperate strategies, such as expansion, retrenchment of liquidation, are feasible only if the government policies act as a qualitative factor in selecting alternatives.

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Subject Name Strategic Management1) State the subjective factors that influence strategic choice.Ans - Following are the five types of subjective factors that need to be considered while selecting a strategy: Consideration for government policies: Government policies play an important role in setting the various policies and priorities of an organization. They are the deciding factors that have a significant impact on the future prospects of an organization. Strategists within an organization are aware of the importance of the government policies in taking various decisions. Strategic alternatives considered by an organization are seen in the context of government policies. Various cooperate strategies, such as expansion, retrenchment of liquidation, are feasible only if the government policies act as a qualitative factor in selecting alternatives.Perception of critical success factors (CSFs) and distinctive competencies: CSFs and distinctive competencies are important issues in environmental and organizational appraisal. While considering different strategic alternatives, strategists should keep in mind the distinctive competencies possessed by an organization and the CSFs that ensure success in an industry. The main focus is on the extent of compatibility that exists between competencies and the CSFs. Each industry has their own CSFs. If the distinctive competencies of an organization build their strategy around the CSFs, then that organization is considered a

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