What Is Strategic Management

question 77

Essay

What is strategic management?

Understand the significance of human relations knowledge in managing workplace relationships.

Recognize the importance of developmental opportunities in performance evaluations.

Understand the role of human relations in enhancing organizational effectiveness and employee job satisfaction.

Comprehend the basics of the Johari Window concept and its application in personal and professional relationships.

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Definitions:

Return on Equity

A measure of financial performance calculated by dividing net income by shareholders' equity, indicating how well a company uses investments to generate earnings growth.

Retained Earnings

The portion of a company's profits that is kept or retained rather than paid out as dividends to shareholders.

Price-Earnings Ratio

A valuation metric that compares a company's share price to its earnings per share.

Common Stock

Equity ownership in a corporation, with voting rights and potential dividends, but after bankruptcy claim priority behind preferred stock.