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| Topic: |
Business
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| Number of pages / Number of words: |
11 / 2944 |
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Economic factors encompassing "systems of producing, distributing and consuming wealth" (Bartol, Martin, Tein & Matthews, 1998, p. 92) impose economic ground rules on the management activities. Political elements define legal boundaries in which the management process occurs. These dimensions are dynamic and evolve adequately to the cultural and technological progress of the civilisation...
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These dimensions are dynamic and evolve adequately to the cultural and technological progress of the civilisation. In consequence, they affect the search for the optimal performance.
Management has been practised for thousands of years. It is believed that Egyptians "proposed limits to the number of men that one supervisor could effectively manage" (Davidson & Griffin, 2003, p...
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benefits of strategic management
By comparison with the other factors, evaluate how important stakeholders are in strategic management.
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