Strategic Management

262 views

Published on

Published in: Business
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
262
On SlideShare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
17
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Strategic Management

  1. 1. Strategic Management: Creating Competitive Advantages Presented By: Pushkin Srivastava Hardik Mehrotra Ankit Shukla Vaibhav Pandey Surya Pratap Kumar Pushkar
  2. 2. Art & science of formulating, implementing, and evaluating, cross-functional decisions that enable an organization to achieve its objectives. Strategic Management – Defined
  3. 3. Vision & Mission Strategy Formulation External Opportunities & Threats Internal Strengths & Weaknesses Long-Term Objectives Alternative Strategies Strategy Selection
  4. 4. Strategy Implementation Annual Objectives Policies Employee Motivation Resource Allocation
  5. 5. Strategy Evaluation Internal Review External Review Performance Metrics Corrective Actions
  6. 6. 1. Adapting to change in external trends, internal capabilities and resources Achieving Sustained Competitive Advantage 2. Effectively formulating, implementing & evaluating strategies
  7. 7. • What kind of business should we become? • Are we in the right fields • Are there new competitors • What strategies should we pursue? • How are our customers changing? Adapting to Change – Key Strategic Management Questions
  8. 8. Vision Statement – What do we want to become? Mission Statement – What is our business? Key Terms
  9. 9. Opportunities & Threats (External) Key Terms Analysis of Trends: • Economic • Social • Cultural • Demographic/Environmental • Political, Legal, Governmental • Technological • Competitors
  10. 10. Strengths & Weaknesses (Internal) Key Terms Typically located in functional areas of the firm • Management • Marketing • Finance/Accounting • Production/Operations • Research & Development • Computer Information Systems
  11. 11. Means by which long-term objectives are achieved Key Terms Strategies
  12. 12. Benefits of Strategic Management Financial Benefits • Improvement in sales • Improvement in profitability • Productivity improvement
  13. 13. Benefits of Strategic Management Non-Financial Benefits • Improved understanding of competitors strategies • Enhanced awareness of threats • Reduced resistance to change • Enhanced problem-prevention capabilities
  14. 14. Thank You

×