Day: January 9, 2022

Change in any institution starts with leadership of an institution. We shall therefore look at leadership and Hofstede‘s cultural dimensions. Hofstede’s Cultural Dimensions Power Distance Index (PDI) focuses on the degree of equality, or inequality, between people in the country’s Read More …

Professionalism means conforming either to the technical or ethical standards of profession or an occuplion regarded as such. The important role that managers play in modern business organizations requires a professional approach or what is called professionalism in management. Challenges Read More …

This essentially should incorporate current as well potential businesses. The analysis should address the following two issues: What businesses will the organization be in? How will the organization allocate its resources among the businesses? These two issues give rise to Read More …

This focuses on effectiveness or performance of the organization as a whole. Effectiveness or performance of an organization as a whole may depend on various factors e.g. role in social responsibility, corporate image, and business portfolio. Business portfolio i.e. the Read More …

• Managerial Philosophy. The managerial philosophy determines the actions which managers take towards various factors affecting their decisions. Such factors may include the environmental forces as well as the various internal forces. If the managerial philosophy is positive, the managers Read More …

Strategy Formulation is designed to guide executives in defining the business, their company, the aims it seeks, and the means it uses to accomplish these aims. Strategy formulation involves an improved approach to traditional long-range planning. Strategy formulation joins a Read More …