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Strategic management is important because it allows an organization to initiate activities, influence activities and be proactive rather than reactive in its strategy so that it has full control over its own destiny. Str... More »

Human resource management, or HRM, is the department within an organization that concentrates on interviewing, recruiting, managing and directing employee-related processes. Human resource management is used to plan and ... More »

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According to a Houston Chronicle article by Grant Houston, strategic management accounting is a form of business inquiry that combines the accounting criteria of an organization with external factors that influence the o... More »

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Strategic management typically evolves in a corporation through a four-step process of auditing, development, implementation and evaluation. Strategic management changes companies via a collective system of processes, pl... More »

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Dealing with pressure from globalization, acquiring and keeping a strong employee workforce and effectively using social media and technology are three challenges that strategic managers face in the 21st century. Adaptin... More »

Managers typically function as the top supervisors in a specific department of an organization and carry out a variety of duties. Management directs and delegates tasks to employees, plans and organizes the scope of work... More »

Reward management refers to a company's overall strategy for its payment and reward system for its employees. Rewards from a company can be both monetary and non-monetary. A properly implemented reward management system ... More »