Management strategies (1 Viewer)

[bigdawstv]

Does this refer to the operation strategies or operations management?

 

[EarthSci34]

Well, this a really strange question...

Operation strategies are just an aspect of Operations Management. Maybe if you were a bit more concise, I could answer...

Management strategies can refer to any of the 4 key business functions: Operations, Marketing, Finance and Human Resources. Overseeing these functions are called management-- making sure they work well, everything is efficient, etc.

It's most likely you are refering to on how businesses respond to the different influences on each business function. Basically, management strategies refer to how businesses handle

 

[BLIT2014]

What's the exact question? e.g give an example of where you've seen this in use?

 

[bigdawstv]

Describe the management strategies used by the business function (Finance) for the business Apple

 

[BLIT2014]

Describe the management strategies used by the business function (Finance) for the business Apple

financial management strategies
 cash flow management
– cash flow statements
– distribution of payments, discounts for early payment, factoring
 working capital management
– control of current assets – cash, receivables, inventories
– control of current liabilities – payables, loans, overdrafts
– strategies – leasing, sale and lease back
 profitability management
– cost controls – fixed and variable, cost centres, expense minimisation
– revenue controls – marketing objectives
 global financial management
– exchange rates
– interest rates
– methods of international payment – payment in advance, letter of credit, clean
payment, bill of exchange
– hedging
– derivatives


ref: the syllabus http://www.boardofstudies.nsw.edu.au/syllabus_hsc/pdf_doc/business-studies-st6-syl.pdf


You'd use this area for answering that short answer question.