The document discusses the key components and process of strategic management. It covers 4 main topics: 1) business/service strategy and sustainable competitive advantage, 2) strategic business units, 3) strategic management development, characteristics and trends, and 4) the components and process of strategic management. The document provides details on each component of corporate strategy, objectives and characteristics, development strategy, resource allocation, and sources of synergy. It also outlines the strategic management process, including external and internal analysis, strategy identification and selection, and planning, implementation and control.
Environmental Analysis is described as the process which examines all the components, internal or external, that has an influence on the performance of the organization.
Strategic management is the management of an organization’s resources to achieve its goals and objectives.
This Module covers Definition,Relevance , Characteristics , Level, Approach of Strategic Management along with Strategic Management Model, Strategist and Pitfall in Strategic Management
Environmental Analysis is described as the process which examines all the components, internal or external, that has an influence on the performance of the organization.
Strategic management is the management of an organization’s resources to achieve its goals and objectives.
This Module covers Definition,Relevance , Characteristics , Level, Approach of Strategic Management along with Strategic Management Model, Strategist and Pitfall in Strategic Management
this presentation is on Strategic management.
It covers following topics in detail -
Introduction of strategic management
Definition of strategic management
Mintzberg’s Views of Strategy
Features of strategic management
Role of strategic management
Process of strategic management
Need of Strategic management
Benefits of Strategic management
Limitations of strategic management
Mission & Vision
COEPD - Center of Excellence for Professional Development is a primarily aBusiness Analyst and PMP Training Institute in the IT industry of India head quartered at Hyderabad. COEPD is expert in PMP Training and Business Analyst Training in Hyderabad, Chennai,Pune, Mumbai&Vizag. We offer PMP and Business Analyst Training with affordable prices that fit your needs.
COEPD conducts 4-day workshops throughout the year for all participants in various locations i.e. Hyderabad, Pune. The workshops are also conducted on Saturdays and Sundays for the convenience of working professionals.
For More Details Please Contact us:
Visit at http://www.coepd.comorhttp://www.facebook.com/BusinessAnalystTraining
Center of Excellence for Professional Development
3rd Floor, Sahithi Arcade, S R Nagar,
Hyderabad 500 038, India.
Ph# +91 9000155700,
helpdesk@coepd.com
this presentation is on Strategic management.
It covers following topics in detail -
Introduction of strategic management
Definition of strategic management
Mintzberg’s Views of Strategy
Features of strategic management
Role of strategic management
Process of strategic management
Need of Strategic management
Benefits of Strategic management
Limitations of strategic management
Mission & Vision
COEPD - Center of Excellence for Professional Development is a primarily aBusiness Analyst and PMP Training Institute in the IT industry of India head quartered at Hyderabad. COEPD is expert in PMP Training and Business Analyst Training in Hyderabad, Chennai,Pune, Mumbai&Vizag. We offer PMP and Business Analyst Training with affordable prices that fit your needs.
COEPD conducts 4-day workshops throughout the year for all participants in various locations i.e. Hyderabad, Pune. The workshops are also conducted on Saturdays and Sundays for the convenience of working professionals.
For More Details Please Contact us:
Visit at http://www.coepd.comorhttp://www.facebook.com/BusinessAnalystTraining
Center of Excellence for Professional Development
3rd Floor, Sahithi Arcade, S R Nagar,
Hyderabad 500 038, India.
Ph# +91 9000155700,
helpdesk@coepd.com
This is the first lecture of 40 lectures planned for Anna University/Anna University of Technology students of 3ed semester MBA. Please provide your comments. The required notes will be uploaded soon.
Scott droney - strategic planning and strategic managementScott Droney
Scott Droney is provide financial services spectrum as well as data processing and managing segments. Since most of its financial services were retail focused, the need to build scale and skill in the transaction processing domain became imperative.
Strategic management
Process of determining an organization’s basic mission and long-term objectives, and then implementing a plan of action for pursuing this mission and attaining these objectives
How to allocate finite resources to achieve long-term objectives
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.
.The Outline is due Sunday Night…..Submit an outline of yo.docxmercysuttle
.
Solve each equation.
1) -7(3n - 7) = -8(2n - 6) + 6
2) -2n +
5 n = -
3
5
18
Solve each inequality, write its solution set in interval notation, and graph the solution set on a number line.
3) 3(1 + 5m) > -(5 - 7m) - 8
4) -
1 x -
3
3 > - 65
2 24
Solve each compound inequality, write its solution set in interval notation, and graph the solution set on a number line.
5) -17 £ 4m + 7 £ -9 6) -3 < - 5 x £ 7
6 6
Write the standard form of the equation of the line described.
7) through: (-3, 2), perpendicular to y = 6 x + 4
5
Rewrite the equation in slope-intercept form and then use the slope and y-intercept to sketch a graph of the line with the given equation.
8) 5x - 2 y = -6
Worksheet by Kuta Software LLC
Show all work as you solve the linear modeling problem below.
9) There were 6205 CVS stores in the US in 2006 and 7380 CVS stores in the US in 2011. Write a linear equation in slope-intercept form that models this growth. Let x stand for the number of years after 2006 and let y = the number of CVS stores in the US.
Simplify. Your answer should contain only positive exponents.
10) 3x4 × 4 y3 × 3 y4
11) -
4 x 4 y 0 × 2 x 3 y -4
3x-1 y3
12) (3x2 y-1)3 13) (-2b4)2 × -2a-3b5
Perform the indicated operation and simplify.
14) (2x2 - 5x3 - 7x) - (x2 + 4x3 - 3x)
Multiply as indicated and simplify.
15) (3x - 7)(3x2 - 5x - 4)
Solve the equation by factoring.
16) 4v2 + 35 = 33v
Solve the equation by completing the square.
17) k2 + 4k - 62 = -6
Kuta Software LLC
Solve the equation by use of the quadratic formula.
18) 5m2 - 2m = 9
State the excluded values for the following expression. Then simplify the expression.
(
2
)19) x - 12 x + 35
x2 - 3x - 28
Solve the equation and show the check of the potential answer(s). If any answers are excluded values, state this on your answer sheet.
20) 1 = 6 - 1
b - 2
b2 - 8b + 12
Simplify the radical expressions.
21) 150x4 y2 z3 22) ( 3 + 2 2 )(2 3 - 3 2 )
Solve the equation and show the check of the potential answer(s). If any answers are extraneous solutions, state this on your answer sheet.
23) n = 3 + 25 - 6n
Show all work as you solve the following problems and write complete answers, including appropriate units.
24) A diesel train left Seoul and traveled toward the outer-most station at an average speed of 30 km/h. A freight train left four hours later and traveled in the same direction but with an average speed of 40 km/h. Find the number of hours the diesel train traveled before the freight train caught up.
25) Rebecca put $39,000 in an education account ...
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This paper attempts to establish more recently developed national scenarios with respect to national structural system transformation, political system, governance, public administration and bureaucracy, socio-economic development, management best practices and, of course, Nepal's national competitiveness appealing wider participation of all sectors in the process of transforming Nepal into a dynamic state with focus on welfare state mechanism leading the attainment of national prosperity.
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1. 15 August 2011 cprijal@hotmail.com:2001015 1
STRATEGIC MANAGEMENT
UNIT COVERAGE
1. BUSINESS/SERVICE STRATEGY AND
SUSTAINABLE COMPETITIVE ADVANTAGE
2. STRATEGIC BUSINESS UNIT (SBU)
3. STRATEGIC MANAGEMENT: DEVELOPMENT,
CHARACTERISTICS, TRENDS, AND NEEDS
4. COMPONENTS AND PROCESS OF STRATEGIC
MANAGEMENT
2. 15 August 2011 cprijal@hotmail.com:2001015 2
Business/Service Strategy
O The means an organization uses to achieve its
objectives
O Serves as a tool for the implementation of
management’s concept of business scope, mission,
purpose, and objectives
O Guiding framework in running overall institutional
operations
O A direction for the organization both in shorter as well
as long run
3. Components of Corporate/Institutional Strategy
1. Scope, mission, and intent
2. Objectives
3. Development strategy
4. Resources allocation
5. Source of synergy
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1. Scope, mission, and intent
What business/service should the firm be in?,
What customer needs, market segments,
and/or technologies should the firm focus on?,
and
What should be the end purpose or the intent
of the firm?
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2. Objectives
* What performance dimensions should the
firm’s service/business units and employees
focus on?,
* What is the target level of performance to be
achieved on each dimension?, and
* What is the timeframe in which each target
should be attained?
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The Characteristics of Objectives
Every business/service objective should be:
S = Specific
M = Measurable
A = Achievable
R = Realistic
T = Time-bounded
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3. Development Strategy
How can the firm achieve the desired level of
growth over time?,
Can the desired growth be attained by
expanding the firm’s current business or
service?, and
Will the institution have to diversify into new
businesses or product or service markets to
achieve its future growth objectives?
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4. Resources Allocation
* How should the firm’s limited financial
resources be allocated across its business and
services to produce the highest returns? and
* Of the alternative strategies that each business
or service might pursue, which will produce
the greatest returns for the money invested?
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5. Sources of Synergy
* What competencies, knowledge, and customer based
intangibles (e.g., brand recognition, reputation,
loyalty, etc.) might be developed and shared across
the firm’s operations?, and
* What operational resources, facilities, or functions
(e.g., plants, R&D, salesforce, etc.) might the firm’s
operations share to increase their efficiency?
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A Business/Service Strategy Specification
Includes the determination of:
1. The product market in which the business is to compete
2. The level of investment
3. The functional area strategies needed to compete in the
selected product market
4. The strategic assets or competencies that underline the
strategy and provide sustainable competitive advantage (SCA)
Multiple Businesses/Services
5. The allocation of resources over the business/service units
6. The development of synergistic effects across the
business/service centers -the creation of value by having
business units that support and complement each other.
SMART
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A Model of Business/Service Strategy
Business/Service Strategy
Product-Market
Investment Decision
* Product market scope
* Investment intensity
* Resources allocation
over business units
Functional Area
Strategies
* Product
* Price
* Distribution
* Promotion, etc.
Basis of SCAs
* Assets/competencies
* Synergies
SMART
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The Search for SCAs
Sources of
Advantage
* Superior skills
* Superior resources
* Superior controls
Positional
Advantages
* Superior
customer value
* Lower relative
costs
Performance
Outcomes
* Satisfaction
* Loyalty
* Market share
* Profitability
Investment of profits to sustain advantage
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Strategic Business Unit (SBU)
¤ SBU is an organizational unit that has distinctly
defined business strategy and a manager with
sales and profit responsibility.
¤ The concept of SBU makes business units more
autonomous and strategy development less
centralized.
¤ An SBU should be formed either at the brand
level (e.g., KU MBA), or at the category level
(e.g., KU management study center)
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What are the bases of setting up SBUs?
The appropriate level of aggregation for an SBU
fully relies on judgments. The judgment may be
done on TWO bases. They are:
1.Commonality of the products/service to be
kept within one SBU, and
2.Necessary size of the organization to support
SBU
In many cases, an SBU may have a variety of product/service
lines.
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Strategic Management
° Integral part of strategic management process.
° Planning process to deal with the rapid change in the
environment.
° Has close associations with budgeting (early 1990s),
long-range planning (1950s), and strategic planning
(1960s), and is developed since mid 1980s.
° A proactive and future oriented management process
in marketing.
° Emphasizes the strategy development needs to be
driven by the market and its environment rather than
an internal orientation.
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Strategic Management Aims at:
° How to influence the external factors and
make them supportive to the organizational
operations, and how to most efficiently and
effectively use the internal forces whereby the
resources (strengths) are best utilized to
achieve the highest possible rate of
productivity for the organization.
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Some Strategic Challenges to Managers:
° Management has a distinctive and farsighted view,
rather than a conventional and reactive view, about
the future.
° Senior management focuses regenerating core
strategies rather than reengineering core processes.
° Competitors view the institution as a rule maker
rather than a rule follower.
° The institution’s strength is on innovation and
growth rather than on operational efficiency.
° The institution is mostly out in front rather than
catching up.
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Development of Strategic Management
° Developed along with the evolution of various
management systems.
° Follows the evolution of Budgeting, Long-
Range Planning, and Strategic Planning.
° Sometimes all these terms are used
interchangeably.
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Characteristics and Trends of Strategic Management
The following are some of the major thrusts or trends
emerged in the field of strategic management:
1. External, Market Orientation
2. Proactive Strategies
3. Emphasis on Information System
4. On-Line Analysis and Decision Making
5. Entrepreneurial Thrust
6. Strategic Fitness in Implementation
7. Matching with the Global Realities
contd…
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Characteristics and Trends contd…
8. Longer Time Horizon
9. Empirical Research Based
10. Interdisciplinary Developments
Marketing
Organizational Behavior
Finance and Accounting
Economics
Strategy
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Needs/Importance of Strategic Management
Despite the involvement of high cost, strategic
management has the potential to:
• Precipitate the concept of strategic choices,
• Force a long-range view,
• Make visible the resources allocation decision,
• Aid strategic analysis and decision making,
• Provide a strategic management and control system,
• Provide both horizontal and vertical communication
and coordination systems, and
• Help a business/institution cope with changes.
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Needs/Importance …
George Yip studied strategy development in 13 firms
and concluded that strategic market management
approaches have particular value for businesses that -
* Need multifunctional strategies; one marketing
oriented firm used them to provide a strategic role
for functions other than marketing,
* need to achieve synergy among multiple markets,
* need to coordinate the strategies of multiple
brands, and
* are involved in complex markets where
multiple or layered channels, regional variations, or
multiple elements of marketing mix are involved.
24. External Analysis
1. Customer analysis
2. Competitor analysis
3. Market analysis
4. Environmental analysis
Strengths, weaknesses, stg. problems,
constraints, and uncertainties
Opportunities, threats, trends,
and strategic uncertainties
Internal Analysis
1. Performance analysis
2. Determinants of strategic options
Strategy Identification and Selection
Determination of Functional Strategies
Planning, Implementation and Control
Review of Strategic Thrusts
Situation Analysis
Strategic
Management
Process