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  • Strategic Management: Types of Policies

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    Sittie Hijara
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    The different types of policies are manufacturing policies,financial policies, internal policies,marketing policies, and general policies. It gives us enlightenment regarding the definition of policies,budgeting, forecasting, goals,programs,rules, objectives, strategy and strategic planning among others. It also discusses about factors affecting strategy such as consumer orientation and quality first and finest. Corporate Strategy.Corporate Planning. executive Leadership. Business Policy.SWOT analysis. Internal Environment (Strengths and Weaknesses). External Environment (Opportunities and Threats).

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    Strategic Management : Types of Policies

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    The different types of policies are manufacturing policies,financial policies, internal policies,marketing policies, and general policies. It gives us enlightenment regarding the definition of policies,budgeting, forecasting, goals,programs,rules, objectives, strategy and strategic planning among others. It also discusses about factors affecting strategy such as consumer orientation and quality first and finest. Corporate Strategy.Corporate Planning. executive Leadership. Business Policy.SWOT analysis. Internal Environment (Strengths and Weaknesses). External Environment (Opportunities and Threats).

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    Attribution Non-Commercial (BY-NC)
    Descărcați ca DOCX, PDF, TXT sau citiți online pe Scribd
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    9K vizualizări2 pagini

    Strategic Management: Types of Policies

    Încărcat de

    Sittie Hijara
    The different types of policies are manufacturing policies,financial policies, internal policies,marketing policies, and general policies. It gives us enlightenment regarding the definition of policies,budgeting, forecasting, goals,programs,rules, objectives, strategy and strategic planning among others. It also discusses about factors affecting strategy such as consumer orientation and quality first and finest. Corporate Strategy.Corporate Planning. executive Leadership. Business Policy.SWOT analysis. Internal Environment (Strengths and Weaknesses). External Environment (Opportunities and Threats).

    Drepturi de autor:

    Attribution Non-Commercial (BY-NC)
    Descărcați ca DOCX, PDF, TXT sau citiți online pe Scribd
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    din 2

    TYPES OF POLICIES

    A. Manufacturing policies (1) Inspection and quality control (2) Purchasing of supplies and materials (3) Size of inventories (4) Rate of turn over (5) Verification and evaluation (6) Equipment replacement (7) Additional and improvement (8) Plant maintenance (9) Security whether to manufacture or purchase components C. Industrial relations policies (1) Large payment scale (2) Rates plan (3) Stabilization of employment - stability of tenure =6 mos. (4) Employees training and development - to develop knowledge, skills, abilities, attitudes and behavior. (5) Retirement and pension plan (6) Relocation of displaced employees. (7) Benefit program (8) Recognition and staffing (9) Organizational planning (10) Working condition E. General policies (1) Span of management control - number of workers that a manager can control (2) Salaries and bonuses (3) Research and development (4) Corporate organizational structure and personnel (5) Replacement of top management personnel (6) Plant construction and expansion (7) Centralization or decentralization (8) Executive pensions and retirement D. Marketing policies on (1) Product line (2) Standardization - standard, criteria, norms (3) Show items (4) Channels of distributions - marketing language, 4 Ps in marketing (price, product, place and promotion) (5) Territorial expansions (6) Customer relations (7) Sales and quantity discounts (8) Incentive, compensation (9) Advertisement (10) Sales training B. Finance policies (1) Capital structure long term sources of capital (2) Dividends ( stocks and cash) (3) Extension of credit (4) Collections of receivable (5) Insurance (6) Special funds (7) Budgetary costs and control

    Policies - are general plans or action that serves as guide of the management to decision making Strategic Planning - concerned with defining long-term position of a firm in its environment. Budgeting - translation of programs to financial and often quantitative data. Goals - statements about desired and states expresses in general terms Objective statements about desired accomplishment expressed in more specific and measurable. Project is a plan with pertains to design activity unit which has a specific starting and ending point. Programs - complex of goals - refer to activity unit Policies general statements that guide the company Rules specific instructions to be taken or not Forecasting - the process of developing assumptions about the future. Strategy includes the following factors: (1) (2) Consumer orientation - identifying the best interest of the consumer are endeavor to meet their demands by creating products suited for contemporary taste and lifestyle Quality first and finest - It refers to consumer opinion of product thus company must consistently enhance quality level and extend technological capabilities in order to make the first product

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