Strategic planning is a disciplined process that helps organizations determine their direction and make important decisions. It involves defining an organization's mission and vision, assessing its current situation and external environment, and developing goals and strategies to achieve its vision. There are typically 5 steps to strategic planning: 1) getting ready by forming a committee, 2) articulating the mission and vision, 3) assessing the situation through a SWOT analysis, 4) developing strategies and objectives, and 5) completing a written plan. Strategic planning should be an ongoing and systematic process to help organizations adapt to changing environments and prepare for new opportunities. It is particularly important when starting a new organization, undertaking a major new venture, preparing budgets, or during
The document discusses several models and approaches to strategic planning, as there is no single perfect model for every organization. It describes six different models: 1) Vision-based/goals-based model which focuses on mission, vision, goals and action plans; 2) Issues-based model which addresses current major issues; 3) Alignment model which ensures alignment of mission and resources; 4) Scenario planning model which considers different future scenarios; 5) Organic/self-organizing model which is more flexible and values-driven; and 6) Real-time planning which is ongoing and adapts to rapid changes. The key message is that organizations should select and modify approaches depending on their unique purposes, cultures and environments.
Strategic management involves formulating, implementing, and evaluating cross-functional decisions to help an organization achieve its objectives. It includes developing a vision and mission, identifying opportunities and threats, determining strengths and weaknesses, and establishing long-term objectives. Key strategy formulation issues are determining new businesses to enter, resources to allocate, and whether to diversify or expand internationally. Effective strategy implementation establishes objectives, policies, employee motivation, and resource allocation. Strategy evaluation reviews strategies, measures performance, and identifies actions for improvement.
ORIGINAL WORK ONLY. APA FORMAT WITH ABSTRACT AND REFERENCES. BELOW.docxjohnbbruce72945
ORIGINAL WORK ONLY. APA FORMAT WITH ABSTRACT AND REFERENCES. BELOW IS THE ASSIGNMENT AND READING NOTES
Strategic Audit (Assignment)
The strategic audit system is a diagnostic tool to pinpoint an organization’s strengths and weaknesses. Use the Strategic Analysis Framework and other tools in order to conduct a strategic audit.
You might consider using a SWOT analysis for both companies to analyze each of their situations.
For this assignment, a mini strategic audit will be conducted for two companies with an overall goal to compare how each company differs in the strategy management and implementation, while identifying the importance of strategic management.
•Conduct a Strategic Audit on two companies of your choice that are within the same industry. During this audit, you will be comparing each company, to do so be sure to create a SWOT analysis for each company.
•In addition, visit each company’s website and conduct research to identify key strategies that each company has. List a brief introduction of each company, to include the Mission Statement and compare key aspects of each company.
•Be sure to include the concepts identified in the readings for this week's topics.
The requirements below must be met for your paper to be accepted and graded:
•Write between 850 – 1,250 words (approximately 3 – 5 pages) using Microsoft Word in APA style, see example below.
•Use font size 12 and 1” margins.
•Include cover page and reference page.
•At least 80% of your paper must be original content/writing.
•No more than 20% of your content/information may come from references.
•Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement.
•Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style.
References must come from sources such as, scholarly journals found in EBSCOhost, CNN, online newspapers such as, The Wall Street Journal, government websites, etc. Sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. are not acceptable for academic writing.
READING
Role of Strategy
The focus of this lecture will be on the concepts of strategic management, the framework for strategy analysis and the link between strategy and the industry environment.
The Concept of Strategy
Key questions to consider:
1.Why are decisions important?
2.What is strategic management?
3.Why has strategic management become so important to today’s corporations?
Strategic Management is described as a set of managerial decisions and actions that determines the long-run performance of a corporation. It includes environmental scanning (both external and internal), strategy formulation (strategic or long-range planning), strategy implementation, and evaluation and control.
Importance of Strategic Managem.
This document outlines a lecture on strategic management and strategy execution. It discusses the transition from strategy formulation to implementation, explaining that implementation requires operational changes and coordination. Annual objectives and clear policies are essential to effective implementation by establishing priorities, boundaries, and accountability. Resource allocation and managing conflicts between organizational units are also part of implementation. The lecture notes that an organization's structure should match its strategy to facilitate objective-setting and resource distribution. Finally, production, operations, and human resource issues are strategic considerations for successful implementation.
This document outlines a lecture on strategic management and strategy execution. It discusses the transition from strategy formulation to implementation, explaining that implementation requires operational changes and coordination. Clear annual objectives and policies are essential for effective implementation, as they guide resource allocation, evaluation, and coordination. The lecture also covers managing conflicts that can arise during implementation and aligning organizational structure with strategy. Finally, it identifies strategic production, operations, and human resource issues that are vital to successful strategy execution.
The strategic management process involves 8 steps: 1) setting strategic intent by defining mission, vision, goals and objectives, 2) deploying the strategic intent throughout the organization, 3) setting specific strategic plans and actions, 4) assigning resources, 5) executing plans and activities, 6) measuring performance against goals, 7) reviewing performance and lessons learned, and 8) deploying lessons learned. Care of the process requires open conversations about the changing environment, a strategy based on strategic intent and specific plans, and quantifiable measures. Strategic planning aims to develop a strategy agreed upon by management that reflects the environment and achieves organizational outcomes through strategic thinking and questions about the organization, environment, and issues it faces.
This document discusses the process of strategic management. It involves an eight step process including setting strategic intent, deploying the intent, setting strategy, deploying resources, executing the strategy, deploying results, reviewing performance, and deploying learnings. At the core are open conversations, developing a strategy, and using measures. Strategic planning aims to develop a good strategy through understanding the past, present, and future environment and issues facing the organization. The strategic intent is then deployed by sharing it throughout the organization.
Strategic planning is a disciplined process that helps organizations determine their direction and make important decisions. It involves defining an organization's mission and vision, assessing its current situation and external environment, and developing goals and strategies to achieve its vision. There are typically 5 steps to strategic planning: 1) getting ready by forming a committee, 2) articulating the mission and vision, 3) assessing the situation through a SWOT analysis, 4) developing strategies and objectives, and 5) completing a written plan. Strategic planning should be an ongoing and systematic process to help organizations adapt to changing environments and prepare for new opportunities. It is particularly important when starting a new organization, undertaking a major new venture, preparing budgets, or during
The document discusses several models and approaches to strategic planning, as there is no single perfect model for every organization. It describes six different models: 1) Vision-based/goals-based model which focuses on mission, vision, goals and action plans; 2) Issues-based model which addresses current major issues; 3) Alignment model which ensures alignment of mission and resources; 4) Scenario planning model which considers different future scenarios; 5) Organic/self-organizing model which is more flexible and values-driven; and 6) Real-time planning which is ongoing and adapts to rapid changes. The key message is that organizations should select and modify approaches depending on their unique purposes, cultures and environments.
Strategic management involves formulating, implementing, and evaluating cross-functional decisions to help an organization achieve its objectives. It includes developing a vision and mission, identifying opportunities and threats, determining strengths and weaknesses, and establishing long-term objectives. Key strategy formulation issues are determining new businesses to enter, resources to allocate, and whether to diversify or expand internationally. Effective strategy implementation establishes objectives, policies, employee motivation, and resource allocation. Strategy evaluation reviews strategies, measures performance, and identifies actions for improvement.
ORIGINAL WORK ONLY. APA FORMAT WITH ABSTRACT AND REFERENCES. BELOW.docxjohnbbruce72945
ORIGINAL WORK ONLY. APA FORMAT WITH ABSTRACT AND REFERENCES. BELOW IS THE ASSIGNMENT AND READING NOTES
Strategic Audit (Assignment)
The strategic audit system is a diagnostic tool to pinpoint an organization’s strengths and weaknesses. Use the Strategic Analysis Framework and other tools in order to conduct a strategic audit.
You might consider using a SWOT analysis for both companies to analyze each of their situations.
For this assignment, a mini strategic audit will be conducted for two companies with an overall goal to compare how each company differs in the strategy management and implementation, while identifying the importance of strategic management.
•Conduct a Strategic Audit on two companies of your choice that are within the same industry. During this audit, you will be comparing each company, to do so be sure to create a SWOT analysis for each company.
•In addition, visit each company’s website and conduct research to identify key strategies that each company has. List a brief introduction of each company, to include the Mission Statement and compare key aspects of each company.
•Be sure to include the concepts identified in the readings for this week's topics.
The requirements below must be met for your paper to be accepted and graded:
•Write between 850 – 1,250 words (approximately 3 – 5 pages) using Microsoft Word in APA style, see example below.
•Use font size 12 and 1” margins.
•Include cover page and reference page.
•At least 80% of your paper must be original content/writing.
•No more than 20% of your content/information may come from references.
•Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement.
•Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style.
References must come from sources such as, scholarly journals found in EBSCOhost, CNN, online newspapers such as, The Wall Street Journal, government websites, etc. Sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. are not acceptable for academic writing.
READING
Role of Strategy
The focus of this lecture will be on the concepts of strategic management, the framework for strategy analysis and the link between strategy and the industry environment.
The Concept of Strategy
Key questions to consider:
1.Why are decisions important?
2.What is strategic management?
3.Why has strategic management become so important to today’s corporations?
Strategic Management is described as a set of managerial decisions and actions that determines the long-run performance of a corporation. It includes environmental scanning (both external and internal), strategy formulation (strategic or long-range planning), strategy implementation, and evaluation and control.
Importance of Strategic Managem.
This document outlines a lecture on strategic management and strategy execution. It discusses the transition from strategy formulation to implementation, explaining that implementation requires operational changes and coordination. Annual objectives and clear policies are essential to effective implementation by establishing priorities, boundaries, and accountability. Resource allocation and managing conflicts between organizational units are also part of implementation. The lecture notes that an organization's structure should match its strategy to facilitate objective-setting and resource distribution. Finally, production, operations, and human resource issues are strategic considerations for successful implementation.
This document outlines a lecture on strategic management and strategy execution. It discusses the transition from strategy formulation to implementation, explaining that implementation requires operational changes and coordination. Clear annual objectives and policies are essential for effective implementation, as they guide resource allocation, evaluation, and coordination. The lecture also covers managing conflicts that can arise during implementation and aligning organizational structure with strategy. Finally, it identifies strategic production, operations, and human resource issues that are vital to successful strategy execution.
The strategic management process involves 8 steps: 1) setting strategic intent by defining mission, vision, goals and objectives, 2) deploying the strategic intent throughout the organization, 3) setting specific strategic plans and actions, 4) assigning resources, 5) executing plans and activities, 6) measuring performance against goals, 7) reviewing performance and lessons learned, and 8) deploying lessons learned. Care of the process requires open conversations about the changing environment, a strategy based on strategic intent and specific plans, and quantifiable measures. Strategic planning aims to develop a strategy agreed upon by management that reflects the environment and achieves organizational outcomes through strategic thinking and questions about the organization, environment, and issues it faces.
This document discusses the process of strategic management. It involves an eight step process including setting strategic intent, deploying the intent, setting strategy, deploying resources, executing the strategy, deploying results, reviewing performance, and deploying learnings. At the core are open conversations, developing a strategy, and using measures. Strategic planning aims to develop a good strategy through understanding the past, present, and future environment and issues facing the organization. The strategic intent is then deployed by sharing it throughout the organization.
This document provides an overview of strategic planning for agricultural cooperatives. It discusses the basics of strategic planning, including definitions of strategic planning, strategic plans, and strategic management. It outlines several strategic planning models and the typical contents of a strategic plan for cooperatives. The document also describes tools for strategic planning, including SWOT analysis, logical framework analysis, setting visions and missions. It discusses setting targets and drafting a strategic plan. The overall summary is:
This document outlines the key components and processes for developing a strategic plan for an agricultural cooperative, including performing internal and external analyses, defining visions and missions, setting goals and targets, and implementing and monitoring the strategic plan. It provides definitions and discusses several models and tools to guide
This document discusses planning in management. It defines planning as deciding a course of action to achieve organizational goals. Effective planning involves setting objectives and strategies, forecasting resources, developing budgets, and setting policies. There are different levels of planning from strategic planning set by top management to define goals and strategies, to tactical, operational, and single use plans implemented by lower levels. Key aspects of planning include aligning the mission to goals and strategies, and integrating plans across the organization.
This document discusses corporate strategy and its components. It defines corporate strategy as decisions about products, locations, and organization structure to achieve objectives. Corporate strategy involves formulating a vision, mission, analyzing the external environment, identifying strategic options, setting long-term and annual objectives, developing functional strategies, policies, and institutionalizing the strategy. It also discusses the characteristics of corporate strategy, the levels of planning from corporate to functional, and the critical tasks of formulating mission, developing profiles, assessing the environment, analyzing options, and implementing and evaluating strategies.
Strategic management deals with major initiatives taken by general managers to enhance firm performance. It involves specifying objectives, developing policies/plans to achieve objectives, and allocating resources for implementation. There are various approaches to strategic management, including industrial/organizational and sociological. Strategies are evaluated based on suitability, feasibility, and acceptability. Strategic management occurs at multiple levels within organizations and provides long-term direction.
This document discusses various concepts related to planning in management. It begins by defining planning as deciding in advance what actions need to be taken and when, where, and by whom. The key features of planning discussed include focusing on objectives, being an intellectual process, and laying the foundation for other managerial functions. Objectives, features, types, and steps of planning are outlined. The document also discusses concepts like policies, strategies, SWOT analysis, forecasting, decision making, and different conditions and techniques related to these functions.
This lecture discusses strategy evaluation and monitoring. It covers the strategy evaluation process, criteria, and methods used, as well as the three activities that comprise strategy evaluation: reviewing the strategy base, measuring organizational performance, and taking corrective actions. The lecture also describes tools for strategy evaluation like the balanced scorecard and auditing. It identifies challenges for strategic management in the 21st century around whether the process is more of an art or science and whether strategies should be visible or hidden. Guidelines for effective strategic management are also provided.
This lecture discusses strategy evaluation and monitoring. It covers the strategy evaluation process, criteria, methods, and the three main activities of strategy evaluation: reviewing strategic bases, measuring performance, and taking corrective actions. Specific evaluation tools covered include the balanced scorecard and auditing. Challenges discussed include whether strategic management is more art or science, whether strategies should be visible or hidden, and whether strategies are developed top-down or bottom-up. Guidelines for effective strategic management are also provided.
This document discusses planning and decision making in management. It begins by defining planning as deciding in advance what actions need to be taken and who will take them. It then outlines the key features, objectives, types, and steps involved in the planning process. This includes discussing strategic, operational, and tactical planning as well as long, medium, and short-range planning. The document also discusses forecasting, policies, strategies, SWOT analysis, and decision making techniques such as decision trees. Overall, the document provides an overview of various concepts and processes involved in managerial planning and decision making.
This document outlines the strategic management model process in 6 steps: 1) strategic elements, 2) environmental and organizational analysis, 3) identification of strategic alternatives, 4) choice of strategy, 5) implementation of strategy, and 6) evaluation and control. It defines strategic management as a stream of decisions and actions to develop effective strategies to achieve corporate objectives. The process allows firms to anticipate changing conditions and provide clear direction, though conditions may change too fast for planning.
1. The document discusses strategic management and provides definitions and explanations of key concepts such as corporate strategy, levels of strategy, crafting strategy, and Mintzberg's model of strategic decision making.
2. It also outlines the strategic management process and discusses the roles and importance of strategy for diversified companies and in India after economic reforms in 1991.
3. Key topics covered include meaning of strategy, why corporate strategy is important, levels of strategy, approaches to crafting strategy, strategy as an ongoing process, and strategic management in India.
The document discusses the role of strategic direction in organizational design. It states that top management determines an organization's goals, strategy, and design to adapt to changing environments. Organizational design is used to implement goals and strategy and determine organizational success. The document distinguishes between an organization's official mission statement and its operative goals, which provide internal direction and standards of performance. Developing an effective strategy involves gathering facts, creating a vision and mission statement, identifying objectives, and establishing tactical plans and performance management.
Strategy Organizational Design Effectiveness and Managing Change.pdfSeta Wicaksana
Consider how organizational design is affected by The choice of goals and strategy. New goals and strategies are often selected based on environmental needs, and then top management attempts to redesign the organization to achieve those ends.
Performance measurements feedback into the internal environment, so that past performance of the organization is assessed by top management in setting new goals and strategies for the future.
Choices that top management makes about goals, strategy, and organizational design have a huge impact on organizational effectiveness.
Planning - Meaning and Definition – Nature – Objectives – Advantages and Disa...Jumanul Haque
This document discusses the key functions of management according to various scholars. It focuses on planning as the most crucial function. Planning involves setting goals and strategies to achieve those goals. It reduces uncertainty and helps organizations use their resources efficiently to achieve objectives. The document outlines the planning process and different types of plans like operational, tactical, and strategic plans. It also discusses organizing, which involves grouping tasks, assigning roles, and coordinating activities to accomplish goals.
The document discusses strategic planning and implementation, beginning with a definition of strategy implementation as the activities within an organization to execute a strategic plan. It then outlines some key aspects of strategic implementation, including developing organizational structures, control systems, and culture to support the strategy, as well as motivating employees. The document also discusses some potential issues that can arise during strategic implementation, such as new power relationships and groups forming within the organization.
This document provides an introduction and overview of a strategic management course. It includes 3 main points:
1. It outlines the topics that will be covered in the course, including strategic management as a process, internal and external environmental scanning, the role of strategy and performance, and evaluation mechanisms.
2. It describes the assessment components and criteria for the course, which include exams, homework, group projects, and individual thresholds.
3. It establishes guidelines and expectations around plagiarism, cheating, and reexams to ensure academic integrity.
This document discusses strategic planning and strategic thinking frameworks. It describes strategy as guiding long-term goals and objectives, and how strategic planning involves assessing the environment and deciding on a mission. Two frameworks are explained: the BCG matrix categorizes products based on market share and growth, and Porter's five forces model analyzes competitive forces in an industry. The strategic planning process involves assessing the environment, establishing a mission and goals, and developing strategies to achieve objectives.
The document discusses planning and strategy at various organizational levels. It defines planning as setting goals and strategies to achieve them through coordinated work activities. Managers plan to provide direction, reduce uncertainty, and establish goals. Formal, quality planning leads to better performance than less planning. Goals and plans are defined, with goals as desired outcomes and plans outlining how to meet goals. Strategic plans apply to the whole organization while operational plans focus on specific areas. The means-ends chain links goals across levels so lower goals enable higher goals. Management by objectives involves collaborative goal-setting and evaluation. Effective planning considers environmental uncertainty and commitment length.
The document discusses the role of strategic direction in organizational design. It states that top management determines an organization's goals, strategy, and design to adapt to changing environments. Organizational design implements goals and strategy and determines organizational success. The document distinguishes between an organization's official mission statement and its actual operative goals pursued. It provides examples of operative goals like overall performance, resource acquisition, employee development, and innovation. Finally, it lists keys to developing an effective strategy like gathering facts, creating vision and mission statements, identifying objectives, and performance management.
4th Modern Marketing Reckoner by MMA Global India & Group M: 60+ experts on W...Social Samosa
The Modern Marketing Reckoner (MMR) is a comprehensive resource packed with POVs from 60+ industry leaders on how AI is transforming the 4 key pillars of marketing – product, place, price and promotions.
This document provides an overview of strategic planning for agricultural cooperatives. It discusses the basics of strategic planning, including definitions of strategic planning, strategic plans, and strategic management. It outlines several strategic planning models and the typical contents of a strategic plan for cooperatives. The document also describes tools for strategic planning, including SWOT analysis, logical framework analysis, setting visions and missions. It discusses setting targets and drafting a strategic plan. The overall summary is:
This document outlines the key components and processes for developing a strategic plan for an agricultural cooperative, including performing internal and external analyses, defining visions and missions, setting goals and targets, and implementing and monitoring the strategic plan. It provides definitions and discusses several models and tools to guide
This document discusses planning in management. It defines planning as deciding a course of action to achieve organizational goals. Effective planning involves setting objectives and strategies, forecasting resources, developing budgets, and setting policies. There are different levels of planning from strategic planning set by top management to define goals and strategies, to tactical, operational, and single use plans implemented by lower levels. Key aspects of planning include aligning the mission to goals and strategies, and integrating plans across the organization.
This document discusses corporate strategy and its components. It defines corporate strategy as decisions about products, locations, and organization structure to achieve objectives. Corporate strategy involves formulating a vision, mission, analyzing the external environment, identifying strategic options, setting long-term and annual objectives, developing functional strategies, policies, and institutionalizing the strategy. It also discusses the characteristics of corporate strategy, the levels of planning from corporate to functional, and the critical tasks of formulating mission, developing profiles, assessing the environment, analyzing options, and implementing and evaluating strategies.
Strategic management deals with major initiatives taken by general managers to enhance firm performance. It involves specifying objectives, developing policies/plans to achieve objectives, and allocating resources for implementation. There are various approaches to strategic management, including industrial/organizational and sociological. Strategies are evaluated based on suitability, feasibility, and acceptability. Strategic management occurs at multiple levels within organizations and provides long-term direction.
This document discusses various concepts related to planning in management. It begins by defining planning as deciding in advance what actions need to be taken and when, where, and by whom. The key features of planning discussed include focusing on objectives, being an intellectual process, and laying the foundation for other managerial functions. Objectives, features, types, and steps of planning are outlined. The document also discusses concepts like policies, strategies, SWOT analysis, forecasting, decision making, and different conditions and techniques related to these functions.
This lecture discusses strategy evaluation and monitoring. It covers the strategy evaluation process, criteria, and methods used, as well as the three activities that comprise strategy evaluation: reviewing the strategy base, measuring organizational performance, and taking corrective actions. The lecture also describes tools for strategy evaluation like the balanced scorecard and auditing. It identifies challenges for strategic management in the 21st century around whether the process is more of an art or science and whether strategies should be visible or hidden. Guidelines for effective strategic management are also provided.
This lecture discusses strategy evaluation and monitoring. It covers the strategy evaluation process, criteria, methods, and the three main activities of strategy evaluation: reviewing strategic bases, measuring performance, and taking corrective actions. Specific evaluation tools covered include the balanced scorecard and auditing. Challenges discussed include whether strategic management is more art or science, whether strategies should be visible or hidden, and whether strategies are developed top-down or bottom-up. Guidelines for effective strategic management are also provided.
This document discusses planning and decision making in management. It begins by defining planning as deciding in advance what actions need to be taken and who will take them. It then outlines the key features, objectives, types, and steps involved in the planning process. This includes discussing strategic, operational, and tactical planning as well as long, medium, and short-range planning. The document also discusses forecasting, policies, strategies, SWOT analysis, and decision making techniques such as decision trees. Overall, the document provides an overview of various concepts and processes involved in managerial planning and decision making.
This document outlines the strategic management model process in 6 steps: 1) strategic elements, 2) environmental and organizational analysis, 3) identification of strategic alternatives, 4) choice of strategy, 5) implementation of strategy, and 6) evaluation and control. It defines strategic management as a stream of decisions and actions to develop effective strategies to achieve corporate objectives. The process allows firms to anticipate changing conditions and provide clear direction, though conditions may change too fast for planning.
1. The document discusses strategic management and provides definitions and explanations of key concepts such as corporate strategy, levels of strategy, crafting strategy, and Mintzberg's model of strategic decision making.
2. It also outlines the strategic management process and discusses the roles and importance of strategy for diversified companies and in India after economic reforms in 1991.
3. Key topics covered include meaning of strategy, why corporate strategy is important, levels of strategy, approaches to crafting strategy, strategy as an ongoing process, and strategic management in India.
The document discusses the role of strategic direction in organizational design. It states that top management determines an organization's goals, strategy, and design to adapt to changing environments. Organizational design is used to implement goals and strategy and determine organizational success. The document distinguishes between an organization's official mission statement and its operative goals, which provide internal direction and standards of performance. Developing an effective strategy involves gathering facts, creating a vision and mission statement, identifying objectives, and establishing tactical plans and performance management.
Strategy Organizational Design Effectiveness and Managing Change.pdfSeta Wicaksana
Consider how organizational design is affected by The choice of goals and strategy. New goals and strategies are often selected based on environmental needs, and then top management attempts to redesign the organization to achieve those ends.
Performance measurements feedback into the internal environment, so that past performance of the organization is assessed by top management in setting new goals and strategies for the future.
Choices that top management makes about goals, strategy, and organizational design have a huge impact on organizational effectiveness.
Planning - Meaning and Definition – Nature – Objectives – Advantages and Disa...Jumanul Haque
This document discusses the key functions of management according to various scholars. It focuses on planning as the most crucial function. Planning involves setting goals and strategies to achieve those goals. It reduces uncertainty and helps organizations use their resources efficiently to achieve objectives. The document outlines the planning process and different types of plans like operational, tactical, and strategic plans. It also discusses organizing, which involves grouping tasks, assigning roles, and coordinating activities to accomplish goals.
The document discusses strategic planning and implementation, beginning with a definition of strategy implementation as the activities within an organization to execute a strategic plan. It then outlines some key aspects of strategic implementation, including developing organizational structures, control systems, and culture to support the strategy, as well as motivating employees. The document also discusses some potential issues that can arise during strategic implementation, such as new power relationships and groups forming within the organization.
This document provides an introduction and overview of a strategic management course. It includes 3 main points:
1. It outlines the topics that will be covered in the course, including strategic management as a process, internal and external environmental scanning, the role of strategy and performance, and evaluation mechanisms.
2. It describes the assessment components and criteria for the course, which include exams, homework, group projects, and individual thresholds.
3. It establishes guidelines and expectations around plagiarism, cheating, and reexams to ensure academic integrity.
This document discusses strategic planning and strategic thinking frameworks. It describes strategy as guiding long-term goals and objectives, and how strategic planning involves assessing the environment and deciding on a mission. Two frameworks are explained: the BCG matrix categorizes products based on market share and growth, and Porter's five forces model analyzes competitive forces in an industry. The strategic planning process involves assessing the environment, establishing a mission and goals, and developing strategies to achieve objectives.
The document discusses planning and strategy at various organizational levels. It defines planning as setting goals and strategies to achieve them through coordinated work activities. Managers plan to provide direction, reduce uncertainty, and establish goals. Formal, quality planning leads to better performance than less planning. Goals and plans are defined, with goals as desired outcomes and plans outlining how to meet goals. Strategic plans apply to the whole organization while operational plans focus on specific areas. The means-ends chain links goals across levels so lower goals enable higher goals. Management by objectives involves collaborative goal-setting and evaluation. Effective planning considers environmental uncertainty and commitment length.
The document discusses the role of strategic direction in organizational design. It states that top management determines an organization's goals, strategy, and design to adapt to changing environments. Organizational design implements goals and strategy and determines organizational success. The document distinguishes between an organization's official mission statement and its actual operative goals pursued. It provides examples of operative goals like overall performance, resource acquisition, employee development, and innovation. Finally, it lists keys to developing an effective strategy like gathering facts, creating vision and mission statements, identifying objectives, and performance management.
4th Modern Marketing Reckoner by MMA Global India & Group M: 60+ experts on W...Social Samosa
The Modern Marketing Reckoner (MMR) is a comprehensive resource packed with POVs from 60+ industry leaders on how AI is transforming the 4 key pillars of marketing – product, place, price and promotions.
ViewShift: Hassle-free Dynamic Policy Enforcement for Every Data LakeWalaa Eldin Moustafa
Dynamic policy enforcement is becoming an increasingly important topic in today’s world where data privacy and compliance is a top priority for companies, individuals, and regulators alike. In these slides, we discuss how LinkedIn implements a powerful dynamic policy enforcement engine, called ViewShift, and integrates it within its data lake. We show the query engine architecture and how catalog implementations can automatically route table resolutions to compliance-enforcing SQL views. Such views have a set of very interesting properties: (1) They are auto-generated from declarative data annotations. (2) They respect user-level consent and preferences (3) They are context-aware, encoding a different set of transformations for different use cases (4) They are portable; while the SQL logic is only implemented in one SQL dialect, it is accessible in all engines.
#SQL #Views #Privacy #Compliance #DataLake
06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Data and AI
Round table discussion of vector databases, unstructured data, ai, big data, real-time, robots and Milvus.
A lively discussion with NJ Gen AI Meetup Lead, Prasad and Procure.FYI's Co-Found
Natural Language Processing (NLP), RAG and its applications .pptxfkyes25
1. In the realm of Natural Language Processing (NLP), knowledge-intensive tasks such as question answering, fact verification, and open-domain dialogue generation require the integration of vast and up-to-date information. Traditional neural models, though powerful, struggle with encoding all necessary knowledge within their parameters, leading to limitations in generalization and scalability. The paper "Retrieval-Augmented Generation for Knowledge-Intensive NLP Tasks" introduces RAG (Retrieval-Augmented Generation), a novel framework that synergizes retrieval mechanisms with generative models, enhancing performance by dynamically incorporating external knowledge during inference.
06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Data and AI
Discussion on Vector Databases, Unstructured Data and AI
https://www.meetup.com/unstructured-data-meetup-new-york/
This meetup is for people working in unstructured data. Speakers will come present about related topics such as vector databases, LLMs, and managing data at scale. The intended audience of this group includes roles like machine learning engineers, data scientists, data engineers, software engineers, and PMs.This meetup was formerly Milvus Meetup, and is sponsored by Zilliz maintainers of Milvus.
The Ipsos - AI - Monitor 2024 Report.pdfSocial Samosa
According to Ipsos AI Monitor's 2024 report, 65% Indians said that products and services using AI have profoundly changed their daily life in the past 3-5 years.
State of Artificial intelligence Report 2023kuntobimo2016
Artificial intelligence (AI) is a multidisciplinary field of science and engineering whose goal is to create intelligent machines.
We believe that AI will be a force multiplier on technological progress in our increasingly digital, data-driven world. This is because everything around us today, ranging from culture to consumer products, is a product of intelligence.
The State of AI Report is now in its sixth year. Consider this report as a compilation of the most interesting things we’ve seen with a goal of triggering an informed conversation about the state of AI and its implication for the future.
We consider the following key dimensions in our report:
Research: Technology breakthroughs and their capabilities.
Industry: Areas of commercial application for AI and its business impact.
Politics: Regulation of AI, its economic implications and the evolving geopolitics of AI.
Safety: Identifying and mitigating catastrophic risks that highly-capable future AI systems could pose to us.
Predictions: What we believe will happen in the next 12 months and a 2022 performance review to keep us honest.
3. ____ 1. takes advantage of organizational
resources
____ 2 . includes environmental scanning
____ 3. formal formulation of policies
____ 4. guide in making business decisions
____ 5. analyzing the competitive
environment
Research from the different authors the
defitnition of Strategic Management.
Check the given statement for each
item which do think falls within the
definition or concepts of strategic
management. Leave the item blank if
the statement does not fall within the
said definition or concept:
4. Research from the different authors the
definition of Strategic Management.
Check the given statement for each item
which do think falls within the definition or
concepts of strategic management. Leave
the item blank if the statement does not
fall within the said definition or concept:
____ 6. analyzing the internal organization
____ 7. evaluating strategies
____ 8. Preparation of long range plans
____ 9. Sourcing rich investors
____10. Designed for profitable institutions