Question

1.what is strategic decision? Would the decision to implement TQM in your organization be regarded as...

1.what is strategic decision? Would the decision to implement TQM in your organization be regarded as a strategic decision? Justify your answers and explain the possible implications of the TQM decision by relating it to Pearce and Robinson's (2000:4-5) six dimensions of strategic decision.

Homework Answers

Answer #1

Decisions that match the company's long-term targets are strategic decisions. The decision is based on the vision and task of organization. Strategic decisions are being taken to develop the competitive advantage of the company and increase the scope of total business growth through its processes and initiatives, and to achieve a long-term value.

The decision to introduce TQM in the organisation, which has long-term effects on business processes and systems and a focus on organizational growth, is considered as a strategic decision. It aims to create value by improving systems and productivity, training, empowerment and economic efficiency for customers. It will help the company build capacity and develop systems and processes to provide better services such as Just in time and quality products.

The TQM Decision can be explained as a strategic decision, based on the six dimensions of strategic decision taken by Pearce and Robinson (2000:4-5), since it is based on long-term objectives and requires systematic implementation planning. The environmental changes and challenges for the company are taken into account. It aims to improve the company's capacities, quality standards and influence financial management positively.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Provide reasons why you would or would not implement a decision support system (DSS) within an...
Provide reasons why you would or would not implement a decision support system (DSS) within an organization. Provide specific examples to justify your positions.
1. What is the importance of having a Strategic Plan? How can one improve decision making?...
1. What is the importance of having a Strategic Plan? How can one improve decision making? Is it possible to change the culture of an organization and how can that be achieved? Or is there something else of importance to you that you learned? 2. How do you envision taking what you learned and applying it directly to your life now or in the future?
What is a "strategic move"? A strategic move is 1)the outcome of a game in which...
What is a "strategic move"? A strategic move is 1)the outcome of a game in which each player is doing the best it can regardless of what its competitors are doing 2)a commitment to reduce one's options 3)an action that obeys the rules of the game 4)a strategy that is optimal no matter what an opponent does. 5)a value associated with a possible outcome I am looking for the reasoning along with the answer. Please, it is very important for...
As a Marketing Consultant, prepare the following for an organization of your own choice: 1. An...
As a Marketing Consultant, prepare the following for an organization of your own choice: 1. An individual written report consisting of a maximum 3000 words addressing the key Marketing Management tasks detailed below in Assignment. TASKS Assignment: As a marketing consultant, construct a business report for an organization of your choice, covering the following five aspects of Marketing Management: 1: With the use of appropriate marketing models and concepts, critically examine the current market position of one of your chosen...
1. Write a sample vision statement for a hypothetical organization. 2. Write a mission statement for...
1. Write a sample vision statement for a hypothetical organization. 2. Write a mission statement for the hypothetical organization in question 1. 3. Draft a set of guiding principles for the hypothetical organization in question 1. 4. Establish two or three broad objectives for the hypothetical organization in question 1. 5. Describe the steps you would apply in executing your strategic plan developed in questions 1 to 4.
What plan or strategy are you going to implement in order to launch your product from...
What plan or strategy are you going to implement in order to launch your product from the scratch (any kind of product) to the society considering about all managerial strategic starting from: 1. Supply and demand 2. Price elasticity 3. The budget constraint 4. Consumer Choice 5. Innovation in Production 6. Costs (including implicit and explicit cost) 7. Market structure
1. How would you develop a system of internal controls for your organization? 2. What specific...
1. How would you develop a system of internal controls for your organization? 2. What specific policies would you put in place? What areas of the organization would be covered? 3. How would you install a process of review and enforcement? who would be involved? 4. What would you use as a reporting approach to senior leadership and the board of Directors?
1. Single Factor Anova is used to decide whether risk level should be regarded as a...
1. Single Factor Anova is used to decide whether risk level should be regarded as a source of mutual fund return variation. Three levels of risk are employed: low, medium and high. The annual % return for random samples of 10 funds at each risk level is recorded. State the hypotheses of the test using correct notation and complete sentences. a) In a complete sentence (using the terms ‘risk level’ and ‘return’) explain the decision that would correspond to a...
1. (A) What is flexibility and (B) why is it important to a modern organization? 2....
1. (A) What is flexibility and (B) why is it important to a modern organization? 2. What are the key impacts of cycle time reduction? 3. (A) What is reengineering? (B) How does it relate to Six Sigma practices? 4. (A) What is the Deming cycle? (B) Explain the four steps.
1. The Financial Management Decision Process. What are the three types of financial management decisions? For...
1. The Financial Management Decision Process. What are the three types of financial management decisions? For each type of decision, give an example of a business transaction that would be relevant. 2. Sole Proprietorships and Partnerships. What are the four primary disadvantages to the sole proprietorship and partnership forms of business Page 19organization? What benefits are there to these types of business organization as opposed to the corporate form? 3. Corporations. What is the primary disadvantage of the corporate form...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT