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Study skills - Essay Example

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A management strategy is a guide for the attainment of goals and objectives of a business. In understanding the relationship between…
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Download file to see previous pages HARMON, P. (2007). Business process change a guide for business managers and BPM and six sigma professionals. Amsterdam, Elsevier. [Online]. Available from: http://www.worldcat.org/title/business-process-change-a-guide-for-business-managers-and-bpm-and-six-sigma-professionals/oclc/162131603
According to Aalst et al., (2003) the core purpose for the formation of any business venture is to make profit. For the profit to be realized in the business, input, and the output must be balanced in a manner that the input is less than the output. Profit maximization requires efficiency and effectiveness in the management of the resources of an organization. Management of the resources of an organization thus needs the development of a well-organized management plan that will ensure that there is no wastage of the resources as well as utilizing the available to their maximum potential. The most significant resource in an organization that can be manipulated by the management is a human resource. The employees of a business can be motivated for achievement of the intended goals of the business; thus, an appropriate means of managing the human resource is a crucial strategy that must be developed in an organization ( Harmon, 2007).
HARTMANN, P. (2014). New business creation: systems for institutionalized radical innovation management. [Online]. Available from: http://www.worldcat.org/title/new-business-creation-systems-for-institutionalized-radical-innovation-management/oclc/880892027
According to Teece (2010), strategic management of a business is a systematic process that involves the formulation of the goals and objectives of the institution. In the process of formulating the objectives of the organization, the management must take into consideration the available resources, the operational environment of the business as well as a timeline for the achievement ...Download file to see next pagesRead More
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