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This approach allows managers to assess complex decisions with the aid of analytical and evaluative tools, these types of organisation may look to Porters 5 forces, PESTEL, SWOT analysis and the Ansoff matrix for formulating strategy. This approach is often encouraged by stakeholders with a financial interest in the company such as banks, financial analysts, shareholders and employees. Managers may find that if they regard these financial stakeholders as the most influential they will be forced into developing a strategy which becomes more and more focused towards a Design lens style. This could possibly result in the loss of innovation within the organisation as the management become caught up in the use of analytical tools which should only be used to aid decisions not make them...
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Common topics in this essay:
- By comparison with the other factors, evaluate how important stakeholders are in strategic management.
- by comparison with other factors, evaluate how important stakeholders are in stratergic management
- Critically Explore How Organisations Can Use Resourcing Strategies Enhance Organisational Performance
- GAP: Strategic Management: Introduction; Vision, Mission, and Stakeholders
- Management Theory And Its Effect On Managers Today
- Management, People and Organisations - NHS
- Organisations Are Increasingly Taking A More Strategic Approach To The Management Of Their Human Resources
- People, Organisations and Management
- Reasons for a change in an Organisations Product or Service
- Strategic Planning In Organisations
- Strategy Formulation, As Outlines By Henry Mintzberg And Joseph Lampel, To The Focus On Strategic Management Within The Education Sector.
- The Problems Of Change Are More Pressing For Today’S Organisations Than They Were For The Less Flexible Mass Producers Of Yesterday.’
- Critically assess whether Human Resource Management is any different in SME's than large organisations
- STRATEGIES TO DEVELOP STRATEGY
- Management of intellectual assets by organisations
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