The Role Of Management In Improving Performance Essay

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The Role Of Management In Improving Performance

Strategy is the path that an organisation chooses to pursue over the long-term and to help congregate a successful business manoeuvre, firms will use a composition of resources within a demanding situation that will eventually cater for the needs and wants of the market and to fulfil stakeholder expectations that that particular business operates in. Johnson and Scholes defines that a successful strategy employs efficient use of resources:

"Strategy is the direction and scope of an organisation over the long-term which achieves advantage for the organisation through its configuration of resources within a challenging environment, to meet the
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This type of resources will include the skills a business possesses, whether or not the manpower have the adequate skills, knowledge and experience to meet the needs of the chosen strategy, whether the skills-base be stretched to meet new requirements. An audit of human resources would include assessment of the following factors:

Existing staffing resources: - Numbers of staff by function, location, grade, experience, qualification, remuneration: Existing rate of labour turnover ("natural wastage"): Overall standard of training and specific training standards in key roles: the overall standard of training and specific training standards in key roles

Changes required to resources: - What changes to the organisation of the business are included in the strategy (e.g. change of location, new locations, and new products): What incremental human resources are required: How the firm should go about taking on additional staff; alternatives include employment, outsourcing, joint ventures etc.)

Physical Resources

The category of