my ppt Unit I 8787458746532145646546546332

my ppt Unit I dfgfdgfdgfdgfff

1. The end results of planned activity. The
corporate objectives achievement
should result in the fulfillment of a
corporation’s mission

2. AREAS IN WHICH CORPORATIONS MIGHT EABLISH ITS
GOALS AND OBJECTIVES ARE:
Profitability
• Efficiency
• Growth
• Shareholder wealth
• Utilization of resources
• Reputation
• Contribution to employees
• Contribution to society through taxes paid etc..,
• Market leadership
• Technological leadership
• Survival

3. Policies
A Policy is a broad guideline for decision making that links
the formulation of strategy with its implementation

4. Programs
A program is a statement of the activities or steps needed
to accomplish a single use plan. It makes the strategy action
oriented.

5. Budgets
A Budget is a statement of a corporation’s programs in term
of dollars/money
Used in planning and control, a budget lists the detailed
cost of each program.

6. Procedures
It is a system of sequential steps or techniques that describe
in detail how a particular task or job is to be done.

7. MINTZBERG’S MODES OF STRATEGIC DECISION MAKING
Entrepreneurial Mode
Adaptive Mode
Planning Mode
Logical Incrementalism

8. PROPERTIES OF A GOOD VISION
Definition of Vision-“A pleasing, imaginative, plan
for or anticipation of future events”
A good vision must have a definite direction and a
clear goal
A vision should be concrete in nature and should
answer to the questions like what, when, where, why,
how, etc.
It should satisfy the goals and needs of the
organisation as well as the individuals working in it

9. PROPERTIES OF A GOOD VISION
A vision should be created by a leader and shared with
the team members
A vision should have it’s foundation in sound business
knowledge
A vision should be positive , inspiring and should
encourage every individual to stretch his/her abilities
A vision should contrast the present with future