This part 3 of the 3 series presentation about the Planning Management Function.

1. Strategic Management
and SWOT Analysis

2. To define Strategic Management
and understand its importance
Know and understand the 6 steps
of the strategic management
process
To be able to discuss the three
types of corporate strategies

3. It involves the development of
strategies.
It involves the planning on how will a
business do whatever is IN BUSINESS
to do, how it will COMPETE, and how it
will ATTRACT and SATISFY
CONSUMERS in order to ACHIEVE
ITS GOALS

4. It is also called the organization’s
BUSINESS MODEL
It’s how a company makes money or
what we call PROFITS

9. Corporate Strategy
An organizational strategy that determines
what businesses a company is in or wants
to be in, and what it wants to do with those
businesses

10. Growth Strategy
A corporate strategy that’s used when an
organization wants to expand the
number of markets served or products
offered, either through its current
businesses or through new businesses

12. Stability Strategy
a corporate strategy in which an
organization continues to do what it is
currently doing

13. Renewal Strategy
Retrenchment strategy
• is a short-run renewal strategy used for
minor performance problems.
• This strategy helps an organization
stabilize operations, revitalize
organizational resources and
capabilities, and prepare to compete
once again.

14. Turnaround strategy
• When an organization’s problems are more
serious, more drastic action is needed.
Managers do two things in both
strategies: Cut Costs and Restructure
Organizational Operations.

15. Competitive Strategy
An organizational strategy for how an
organization will compete in its industry

16. the strategies used by an organization’s
various functional departments to
support the competitive strategy

18. Stew Leonard’s Case