STEN 1000 Chapter Notes - Chapter 8: Geert Hofstede, Investment Banking, Team Dynamics

• School: University of Windsor
• Department: Business
• Course: STEN 1000
• Professor: Ali

Document Summary

When we think of a business system, four key components should come to mind for the seasoned manager. You think of these as the cornerstone to the structural foundation of a business, how it operates, and how its tactical execution is tied to its strategic plan. These components, when properly designed, aligned, and developed, ensure the successful execution of a business strategy. Operational processes and market support and alignment. The need to maintain alignment between the organization"s strategy and structure is fundamental to the successful achievement of its goals and long-term vision. Defines the managerial evaluation and control process utilized to determine the success of the organization in meeting its strategic and operational goals and objectives. This would include financial management system, along with the establishment of key success metrics relating to productivity, market share growth, and asset performance, to name a few.