Chapter 1. Business Management and the Role of Analysis

In today’s information age, businessmen and businesswomen must increasingly be able to make sense of their competition, environments, organizations, and strategies to be successful. Business management is a way of conducting an organization that has as an ultimate objective the development of values, managerial capabilities, organizational responsibilities, and administrative systems that link strategic, tactical, and operational decision making at all hierarchical levels and across all lines of authority.

One of the key tasks of today’s business executives is to participate in and contribute to their organizations’ strategies. Sadly, strategy is an overused word that means different ...

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