The document discusses the key concepts of strategic management including:
1. It defines strategic management as the art and science of formulating, implementing, and evaluating cross-functional decisions to achieve organizational objectives.
2. The strategic management process involves three steps: strategy formulation, implementation, and evaluation.
3. Strategic management occurs at three levels - corporate, business, and functional - and aligns the organization with the external environment.
This Module covers Definition,Relevance , Characteristics , Level, Approach of Strategic Management along with Strategic Management Model, Strategist and Pitfall in Strategic Management
This is Known as LTM (Learning through movies).
We explained the concept of Strategic Planning Process with help of Movie Fast & Furious 7 Clips.
All the steps are explained with clips & contents written over the slides. Mission & objective, Environmental Scanning, Strategy formulation, Strategy implementation, Evaluation and control, benefits,
Slides from my class on "Business Model and Strategy" in the Strategy MBA course at Aarhus BSS, Aarhus University (Sep 2014).
Key takeaways:
- business model describes the essence of business in simple terms;
- business model is different from and complementary to strategy;
- business model affects firm’s performance.
This Module covers Definition,Relevance , Characteristics , Level, Approach of Strategic Management along with Strategic Management Model, Strategist and Pitfall in Strategic Management
This is Known as LTM (Learning through movies).
We explained the concept of Strategic Planning Process with help of Movie Fast & Furious 7 Clips.
All the steps are explained with clips & contents written over the slides. Mission & objective, Environmental Scanning, Strategy formulation, Strategy implementation, Evaluation and control, benefits,
Slides from my class on "Business Model and Strategy" in the Strategy MBA course at Aarhus BSS, Aarhus University (Sep 2014).
Key takeaways:
- business model describes the essence of business in simple terms;
- business model is different from and complementary to strategy;
- business model affects firm’s performance.
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According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
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Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
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Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
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2. Definition
“….the art and science of formulating, implementing and
evaluating cross-functional decisions that enable an
organisation to achieve its objectives”
Deals with developing a well thought-out systematic plan of
action to attain the company’s mission & objectives
The means by which the management establishes the purpose &
pursues the purpose through alignment of organizational
resources with environment, opportunities & constraints
msnimt/S4/SM_m1/krp 2
3. Anticipate future developments in business,
attempt to mould it and balance the company’s
short & long term goals accordingly
Formulated considering the possible positions,
defensive & offensive moves of competition &
their relative strengths & weaknesses with
respect to the company
1. Where are we now?
2. Where do we want to go?
3. How are we going to get there?
In essence, the
strategic plan is a
company’s game plan
msnimt/S4/SM_m1/krp 3
5. Strategic management process
Three sequential steps:
1. Strategy formulation
o A stage of committing the resources
o Developing a vision and mission (strategic intent)
o Environmental analysis (TOWS)
o Long-term objectives
o Generating alternative strategies
o Strategy selection
o Have a perspective on the ramification of strategy decision
Possible major issues in strategy formulation
New business opportunities
Businesses to abandon
Allocation of resources
Expansion or diversification
International markets
Mergers or joint ventures
Avoidance of hostile takeover
msnimt/S4/SM_m1/krp 5
6. 2. Strategy implementation
o The action stage
o Annul objectives
o Policies
o Employee motivation
o Resource allocation
o Developing & utilising information system
o Developing a strategy-supporting culture
o Create effective organisational structure
Issues in implementation stage
Most difficult stage
Mobilization of employees & managers
Interpersonal skills critical
Consensus on goal pursuit
msnimt/S4/SM_m1/krp 6
7. 3. Strategy Evaluation
o Attempt to decipher whether the strategies are working well or not
o Internal review
o External review
o Performance metrics
o Corrective action
o All strategies are subject to future modification, due to constant
change in external and internal factors
o Complacent firms experience sad demise
Issues in Strategy evaluation
Subject to future modification
Today’s success no guarantee of future success
New & different problems
Complacency leads to demise
msnimt/S4/SM_m1/krp 7
9. Model of SM model by Wheelen, Hunger & Rangarajan, P. 49
msnimt/S4/SM_m1/krp 9
10. Hierarchy of Strategy: 3 Types of Strategy
SM process occurs at three heirarchical levels in a large
organisation
1. Corporate strategy (SM atcorporate level
2. Business strategy (SM at business level
3. Functional strategy (SM at functional level
msnimt/S4/SM_m1/krp 10
11. Corporate Strategy
– Narrates over all direction in terms of general attitude
towards growth and management
– Typically fit in to Stability, Growth & Retrenchment
Business Strategy
– improvement of competitive position
– fit within Competitive strategies (uniqueness of Apple) & Co-
operative strategies (Air India with Luftansa for global operations)
Functional Strategy
– combine corporate & business strategies to maximise resource
productivity
–Technological leadership
–Technological followership
Refer: Wheelen , Hunger & Rangarajan (2004): Strategic Management and Business Policy ,
9 edn, pp.12 -13
msnimt/S4/SM_m1/krp 11
12. Attributes of strategy in Business decisions
1. Results in major financial & resource commitment.
2. Cause long term impacts in the organisation & often difficult to
reverse such decisions.
3. May result in sweeping changes in business activities.
4. Focus on matching organisational activities to the environment
5. Entails significant risks to the business.
6. Partly proactive (planned for) and partly reactive (to market &
competitor moves).
7. Emerges incrementally & then evolves over time.
8. Should be within the bounds of what is legal, ethical & moral.
msnimt/S4/SM_m1/krp 12
13. 9. An element of secrecy in the planning stage, but
unambiguous in the implementation
10. Strategic issues are future oriented. It is based on
what managers forecast rather than what they know.
11. Have cross-functional or multi-business impacts.
12. The company’s game plan to meet competition &
achieve its organisational objectives.
13. Require commitment of large amount of firm’s
resources & are therefore top management decisions.
msnimt/S4/SM_m1/krp 13
14. Role and Responsibilities of corporate board in SM
determining the direction and performance of the corporation
A corporation is a mechanism established to allow different
parties to contribute capital, expertise and labour for their
mutual benefit
The relationship among the board of directors, top management,
and shareholders
Shareholders: participates in the profits of the corporation
without taking any responsibility of operation
Management: runs the company without being
responsible for personally providing funds
Board of directors: elected from
shareholders have both authority and
responsibility to establish basic company
policies and to ensure that they are followed
msnimt/S4/SM_m1/krp 14
15. • Corporation is fundamentally governed by Board of Directors
over seeing top mgt *
Role of Board
Monitor
Evaluate and influence
Initiate and determine
Responsibilities of Board
Setting corporate strategy, over all direction, vision, mission
Hiring and firing the CEO and Top management
Controlling, monitoring and supervision of top management
Reviewing and approving the use of resources
Caring for shareholder interests
msnimt/S4/SM_m1/krp 15
16. A Continuum of Board of Directors
msnimt/S4/SM_m1/krp 16
17. Inside directors
• Management directors
• Officers or executives employed by the firm
Outside directors
• Non-management directors
1.Affiliated Directors
2.Retired Directors
3.Family Directors
Codetermination: inclusion of a corporation’s employees on its
board of directors
Interlocking directorate: nominate CEOs from other organisations
Direct interlocking: mutual arrangements
Indirect interlocking: board of directors of two firms serve on
the board of the third firm
Refer: Wheelen , Hunger & Rangarajan (2004): Strategic Management and Business Policy ,
msnimt/S4/SM_m1/krp 17
9 edn, pp. 24 -30
18. Role and functions of top management in SM
Comprises of CEO, COO, President, Executive VP, VPs of
divisions and functional areas
Role is multi-dimensional and oriented towards the total
welfare of the organisation
Task divisions
Handles tow primary responsibilities
1. Provide executive leadership and strategic vision *
o EL is the directing of activities towards the accomplishment
of corporate objectives
o SV is a description of what the company is capable of
becoming
2. Manage the strategic planning process
Refer: Wheelen , Hunger & Rangarajan (2004): Strategic Management and Business Policy ,
msnimt/S4/SM_m1/krp 18
9 edn, pp. 33 -34