Strategic Management
Question : Case Study : Communication Effectiveness at XYZ Corporation
XYZ Corporation emphasizes effective communication to achieve its organizational objectives. Consider the following scenario to answer the questions.
Question :
The CEO of XYZ Corporation values open communication and encourages employees to share their ideas and concerns. This reflects which type of communication?
Option 1: Formal communication
Option 2: Informal communication
Option 3: Vertical communication
Option 4: Downward communication
Correct Answer: Informal communication
Solution : The correct answer is (b) Informal communication
The CEO valuing open communication and encouraging employees to share their ideas and concerns represents an informal communication approach. Informal communication is characterized by free-flowing and unstructured exchanges of information, ideas, and concerns within an organization. It often occurs spontaneously and is not bound by formal channels or hierarchy. In this scenario, the CEO's encouragement for open communication implies a culture that fosters informal communication, allowing employees to freely share their thoughts and opinions.
Hello aspirant,
Hope you are doing well...!!
Strategic Management is the method involved with defining objectives, methodology, and targets to make an organization or association more aggressive. Commonly, essential administration takes a gander at actually sending staff and assets to accomplish these objectives.
Example of Strategic Management includes procedure incorporating item methodology, advertising system, human asset technique, and monetary system. The utilitarian procedure is worried about fostering an unmistakable capability to give a specialty unit an upper hand.
Risk Management is a cycle that permits individual gamble occasions and generally speaking gamble to be perceived and overseen proactively, upgrading accomplishment by limiting dangers and augmenting amazing open doors and results.
Risk management is the term applied to a consistent and efficient technique for laying out the unique situation, recognizing, investigating, assessing, treating, observing, and conveying changes related to any movement, capacity, or cycle that will empower associations to limit misfortunes and augment potential open doors.
Now, go for that which suits you.
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All the best!!
Dear Krushna,
The average salary of strategic management specialist is around INR 4,00,000 to 18,00,000 after post graduation. Some job position are IT manager (11,00,000) , financial manager (9,00,000) , finance advisors (4,00,000) , etc.
Regards
I can help you with better information.
Strategic Management is all about identification and description of the strategies that managers can carry so as to achieve better performance and a competitive advantage for an organization.
It is a continuous process that evaluates and controls the business and the industries in which an organization is involved.
The business management on other hand, is the day to day job of the manager. It consist of 5 functions planning, organising, staffing, directing & controlling.
Hope above information is helpful to you
Thank you
Hi Sam,Congrats on a good overall score.Chances for IIM calls are bleak. But you can expect calls from GIM,TAPMI,KJ SIMSR etc. I would suggest you to apply to top 10 best private bschools which accept CAT scores.All the best,Cheers.
Dear Student,
Some of the well known private MBA Colleges for a course in Strategic Management are Alliance University (Bangalore), Birla Global University (Bhubaneshwar), Mittal School of Business/Lovely Professional University (Phagwara), MIT School of Management(Pune).
You may also want to visit https://bschool.careers360.com/colleges/list-of-executive-mba-in-strategic-management-colleges-in-india for more details.
Thank you.
Hi Gangasani,
Your rank is quite impressive. As per your rank and category, you will get a seat in B.Sc Agriculture in esteem college.
Thank you and best of luck.
Hello Sa Design
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