The ability to influence and direct others that comes from being able to confer rewards in return for desired actions or outcomes . Reward power is available when the manager confers rewards in return for desired actions and outcomes. This is often a power source
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- Substitute Products
By placing a ceiling on the prices it can charge, substitute products or services limit the potential of an industry.Unless it can upgrade the quality of the product or differentiate it somehow, the industry will suffer in earnings and possibly in growth.
- Strategic thrusts
Strategic thrusts provide managers with information that helps them determine whether the overall strategy is progressing as planned or needs to be adjusted.
- Decision criteria
Criteria that define what’s important or relevant in resolving a problem, is called decision criteria.
- Multidomestic Corporation
Multidomestic Corporation, which decentralizes management and other decisions to the local country.
All groups have norms standards or expectations that are accepted and shard by a group’s members. Norms dictate things such as work
- Strategic process
Decision making, operational activities, and sales activities that are critical business process.
- Legal responsibilities
Legal responsibilities is another one social commitment for strategic managers .