Strategic and Business Management Skills Notes: Definitions & Explanations PDF | Download eBooks
Study Strategic and Business Management Skills lecture notes PDF with project management definitions and explanation to study “What is Strategic and Business Management Skills?”. Study strategic and business management skills explanation with project management terms to review project management course for online MBA programs.
Strategic and Business Management Skills Definition:
Strategic and business management skills involve the ability to see the high-level overview of the organization and effectively negotiate and implement decisions and actions that support strategic alignment and innovation.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Strategic and Business Management Skills Notes:
A project manager along with all the other skills also need strategic and business management skills. Strategic and business management skills are the skills that enable a project manager to view the organization from a top management level. Using strategic and business management skills, project managers easily implement the decisions that are related to the strategic alignment developed by the top management. Also, these skills support innovation and creativity within an organization. It is necessary for the project manager to have an understanding of all the functions of the organization. In addition, mission, strategy, goals and objectives, products/services, operations, completion must be understood by the manager in order to possess strategic and business management skills.
Keep Learning with Project Management Notes
What is Theory Y?
Project managers tend to adopt different strategies to direct their project team members. A strategy to direct the team members ...
What is Teleconferencing?
When it is not possible for team members to meet for a face-to-face meeting, teleconferencing can be done. Teleconferencing involves ...
What is Completion Contract?
The final stage of the procurement process is to select the appropriate type of contract and negotiate the terms and ...
What is Maturity?
Organizations undertake a number of projects. With the passage of time, they understand the proper techniques and methodologies that can ...
What is Strategic Impact?
Different characteristics are associated with project related risks. A project manager usually identifies the probability of a risk to occur ...
What is Cost Baseline?
Cost baseline is basically a detailed budget of the project. The cost estimates of all the associated activities are included ...