Strategic Management

Q1.What are the factors that signal a familiarity that it is season to exchange? ?There are four types of diversifications: 1)Internal diversification 2)External diversification 3) steep diversification 4)Horizontal diversification Factors that a signal a company that it is time to diversify is as follows: 1)In intragroup diversification a firm may elect to broaden its geographic junior-grade to include in the altogether customers, either within its home uncouth or in international markets. 2)A business could excessively pursue an internal diversification strategy by determination new users for its current product 3)In external diversification it is in like manner possible to exhaust conglomerate growth through internal diversification. This strategy would entail marketing new and unrelated products to new markets. This strategy is the least used among the internal diversification strategies, as it is the most risky. 4)In vertical and horizontal diversification company finds it easy to undertake operations at different stages of deed and also to exercise more image over the tone of the supplies being purchased. 5)Some firms employ vertical integration strategies to elapse the profits of the middleman Q2 What are the principles of a good concern experience system?

Solution: A good focus control system ensures success for an organization. Good management control here implies that the goals of the organization are clearly communicated to the employees, and that the employee is confident well-nigh performing his tasks well. For example, good inventory control means that employees pick out information about the quantity of inventory present and its approachability at different locations. An organization does not usually have perfect control. For perfect control all the employees should be on the job(p) in the best possible way. But this is not constantly possible as employee behavior is not stable. Good control can be achieved in the following ways: Future-oriented: The organization... If you fatality to get a full essay, order it on our website: Ordercustompaper.com

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