A corporate management is said to be capable only if it is able to integrate, coordinate and direct the functional capabilities towards overall objectives and common goals of a firm, that have a bearing on an organization's capacity and ability to implement its strategies. Multitudinous factors affect the functioning of corporate general management system. It differs with each organization with differing objectives and mode of operations.
The firms must evolve an effective system for corporate planning. The objectives must be realistic and achievable and clear and complete communication of plans to various levels of organization helps in execution of action plans by the respective departments 0988293142.
A pucca management information system is necessary that integrates all the levels through a network of computers, facilitataing information processing and task implementation.
If the firm is oriented towards a god deal of risk-propensity, chances of rewards are also quite high. You cannot beat your competitors unless you possess a better shade of entrepreneurship in you than others.
Competency development backed up by strategy formulations, in the wake of challenges and opportunities in the external environment is well appreciated. Why everybody always talk about strategy? It is one thing that warrants for a sure success, it implies that you are smart enough to think ahead of time, what others have failed to. Don't you want to set a path forward for the future generations to come?
Values that are unique to your organization adds to the image of your company.Say,if you project "quality", as your prime value system, definitely it is going to attract consumers who are very particular about quality unmindful of the price.Slowly,the idea gathers momentum and your company's image gets a boost. But don't forget that you have to fulfill your commitments in terms of quality without any compromise.
Reward systems must be worked out to gear up the morale of top managers who are the achievers of your management objectives. Their track records and degree of commitment should be analyzed to decide on pay and promotions.