Strategic management determines an organization's long-term structure and activities through management processes and decisions. It addresses how strategies are created and changed over time through both management decisions that solve problems by avoiding threats or capitalizing on opportunities, as well as how managers work within an organizational structure to carry out activities that can strategically change the organization.
Strategic management determines an organization's long-term structure and activities through management processes and decisions. It addresses how strategies are created and changed over time through both management decisions that solve problems by avoiding threats or capitalizing on opportunities, as well as how managers work within an organizational structure to carry out activities that can strategically change the organization.
Strategic management determines an organization's long-term structure and activities through management processes and decisions. It addresses how strategies are created and changed over time through both management decisions that solve problems by avoiding threats or capitalizing on opportunities, as well as how managers work within an organizational structure to carry out activities that can strategically change the organization.
j. Constable has defined the area addressed by strategic
management as "the management processes and decisions which determine the long-term structure and activities of the organization". This definition incorporates five key themes: * Management process. Management process as relate to how strategies are created and changed. * Management decisions. The decisions must relate clearly to a solution of perceived problems (how to avoid a threat; how to capitalize on an opportunity). * Time scales. The strategic time horizon is long. However, it for company in real trouble can be very short. * Structure of the organization. An organization is managed by people within a structure. The decisions which result from the way that managers work together within the structure can result in strategic change. * Activities of the organization. This is a potentially limitless area of study and we normally shall centre upon all activities which affect the organization.
Chicago Corp stock will pay a dividend of $1.32 next year. Its current price is $24.625 per share. The beta for the stock is 1.35 and the expected return on the market is 13.5%. If the riskless rate is 8.2%, what is the expected growth rate of Chicago?