Answer to Question #246313 in Management for Abhijeet

Question

Q2. Why it is important for every manager to understand the different management theories that have been developed? Q3. What are some obstacles to good planning that

managers must overcome?

Q 4. Develop arguments for and against the following suggestions: "The best corporate level strategy for large Indian companies is to remain moderately diversified and simultaneously attempt to concentrate on their core competencies".

Answer 1

Question 2

The use of management theory in the workplace helps leaders to concentrate on their primary objectives. When one approach does not fit a certain circumstance, it is critical to consider constructing a new theory that will go in a different, more relevant direction.

Question 3

• Inability or insufficient planning.
• There is a lack of dedication to the planning process.
• Information that isn't up to par.
• She is putting one's attention on the now rather than the future.
• Too much reliance on the planning section of the company.

Question 4

Corporate-level strategies assist businesses in identifying new strategic positions that are predicted to boost the firm's worth. Companies adopt corporate-level strategies to increase revenues and profits, but there may be other strategic goals. The goal of a corporate-level process is to optimize profitability and ensure long-term financial success. A corporate-level strategy is used to assist the company get a competitive edge over its competitors and continue to provide consumers with a specific product or service.