Strategic Management
Strategic Management
4th Edition
ISBN: 9781259927621
Author: Frank T. Rothaermel The Nancy and Russell McDonough Chair; Professor of Strategy and Sloan Industry Studies Fellow
Publisher: McGraw-Hill Education
bartleby

Concept explainers

Question
Book Icon
Chapter 6, Problem 3DQ
Summary Introduction

To determine: The situation when the managers should be concerned with large-scale production runs and practices that foster hiring, training, and retention of key employees.

Introduction:

Strategic management refers to formulating and implementing the way to achieve the goals by considering available resource and the internal and external environment. It will be framed by the top management on behalf of an organization.

Blurred answer
Students have asked these similar questions
Training is NOT an ad-hoc function, and it must not be viewed as an expenditure for an organization. With reference to the steps involved, discuss the Instructional System Design approach that companies could apply to ensure a greater ROI for their training investments.
In today's current economy as budgets shrink, organizations have to make tough decisions about operational vs. support activities and their related costs. As a support department, Training and Development can be especially vulnerable to cost cutting measures.  assume that you are a Training and Development Director and your CEO has just informed you that many of your current training programs (including management development programs) are being cut. Second, determine what quantitative and qualitative metrics that you should gather prior to responding to this information.  Give a  "rebuttal" response in which you inform the CEO that this is not a good decision for the company (hint: be sure to provide justification in your response).
Please agree/disagree and add more information regarding the below message (from a management perspective).  "AI and machine learning have helped us come an extremely long way, especially in the business world. Because of AI, there has been huge improvement in areas such as the speed of business, customer service, reduction of error, and many other things that have improved the business setting. Today, AI has become so important that many businesses would fail without it. However, something that concerns me in regards to AI is the power that it has. In many instances, AI is a cheap form of labor. In the long run, paying a one time price for machines that will cut and create a business' clothing is much cheaper than paying laborers by the hour to do the same exact tasks. As a result, consumers would pay less for these goods, as the costs of production would be much lower. Besides laborers, AI also puts other workers in a position to be taken over within due time. Even now, we see…
Knowledge Booster
Background pattern image
Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Text book image
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Text book image
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Text book image
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Text book image
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Text book image
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON