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What is the importance of complementary assets to organisations and managers?
Complementary assets are crucial for organizations and managers as they enhance the value of a primary product or service, enabling a competitive advantage. These assets, which may include skilled labor, customer relationships, or proprietary technology, support the effective implementation and commercialization of innovations. By leveraging complementary assets, organizations can improve operational efficiency, increase market reach, and drive customer satisfaction, ultimately leading to sustained growth and profitability. Managers must recognize and invest in these assets to maximize their core offerings' impact.
Use of statistics in business?
Managers use statistics to assess risks. When a project has a high probability of being unsuccessful, managers will avoid the project.
How might a managers use the grapevine to their benefit?
Managers might use the grapevine to their benefit in order to find out about any employee dissatisfaction. They can also find out about potential problems that are occurring in areas of the company.
Importance of quantitative techniques?
Quantitative techniques provide managers with concrete evidence and information, which allows them to make better decisions. Without quantitative techniques, managers would guess and risk assets of the business.
What are four positive interventions managers can take concerning employee absenteeism?
Bob
Can managers be too satisfied with their jobs?
can managers be too satisfied with their jobs? can they be too committed to their organizations? why or why not?
Why managers are important to organizations?
So that the organization has order.
Why do organizations need management accounting?
Organizations need management accounting so that managers can know how their departments are performing. Without managerial accounting, managers will be operating in the dark.
How do managers plan various activities in their organizations?
manager's planning in organisation
How most companies promote their employees?
organizations promot there employee different ways including transferring middle managers strategy managers
What are important features of organizations that managers need to know about in order to build and use information systems successfully.?
What are important features of organizations that managers need to know about in order to build and use information systems successfully.?
Why are managers more important than staffs?
Managers are not more important than staffs. They are equally important as managers would need the staffs to meet the objectives of the organizations and staffs need managers for guidance and coordination.
Why do managers plan in organizations?
to effectively manage the workplace and maximise efficiency and profit
The develops the most general goals and policies for the organizations or businesses?
highest-level managers
Develops the most general goals and policies for the organizations or businesses?
highest-level managers
The develops the most general goals and policies for the organizations or businesses.?
highest-level managers
How can managers blend the guidelines for making effective decisions in todays world with the rationality and bounded rationality models of decision making?
how can managers blend the guidelines for making effective decisions in today's world with the rationality and bounded rationality models of decision-making or can the
