Decision Making
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This document discusses key concepts in decision making, organizing, and strategies within management. It outlines the decision making process as identifying problems, analyzing alternatives, choosing the best solution, and implementing and verifying decisions. It also describes types of policies, principles for formulating policies, and defines strategies as decisions aimed at achieving organizational goals. Finally, it lists the elements of organizing as determining activities, grouping activities into jobs and departments, assigning jobs, and linking positions in a network of authority and responsibility.
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The document discusses strategic management, including definitions, levels of decisions, roles of strategists, and the strategic management process. It defines strategic management as determining goals and courses of action to achieve them. Strategic decisions are made at various levels from corporate to functional. Strategists include the board, CEO, managers, and consultants. The strategic management process involves defining vision and mission, analyzing the environment, setting objectives and strategies, implementing plans, and evaluating performance.
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This presentation provides an overview of strategic management. It defines strategy and discusses the different levels of strategy - corporate, business, and functional. It then defines strategic management as the set of management decisions and actions that determine long-term performance, including environmental scanning, strategy formulation, implementation, and evaluation. The presentation outlines the four main steps in strategic management: 1) developing a strategic intent through vision, mission, and objectives, 2) analyzing external and internal environments to formulate strategy, 3) implementing strategies opertationally and changing organizational structure and systems, and 4) evaluating strategy and taking corrective actions.
L6 m2 lo1_transcript
This document discusses strategic decision making in organizations. It defines strategic decisions as those that are long-term, require significant resources, and affect the organization's prosperity. Strategic decisions relate to an organization's future, scope of activities, competitive advantage, strategic fit, resources, stakeholders, and dealing with complexity and uncertainty. The document contrasts strategic decisions which are long-term and affect the whole organization, with tactical decisions which implement strategies, and operational decisions which are short-term and routine. It discusses analyzing an organization's environment, capabilities, stakeholder expectations, and culture to determine strategic positioning. Organizations must evaluate options and make strategic choices regarding products, markets, and growth strategies. Tools like SWOT analysis and Porter's Five Forces
Strategic Management Basic Concepts.pptx
Five stages of strategic management process
identifying and analyzing internal and external strengths and weaknesses; formulating action plans; executing action plans; and. evaluating to what degree action plans have been successful and making changes when desired results are not being produced.
Assignment on Strategic Management
Strategic management is the process of planning, monitoring, and assessing all activities needed to achieve organizational goals. It involves identifying strategies to gain a competitive advantage, such as higher profitability than industry peers. Strategic management provides employees a comprehensive understanding of how their roles fit into and relate to organizational objectives. The key steps in strategic management are environmental scanning, strategy formulation, strategy implementation, and strategy evaluation.
Strtegic management
The document discusses various topics related to business planning, strategic management, and strategic analysis. It defines planning, corporate planning, and business policy. It also compares traditional planning with strategic planning and discusses the levels of strategy including corporate, business, and functional strategies. Finally, it outlines the process of strategic analysis and choice, and the nature of strategic analysis at the corporate and business levels.
Strategic management
Strategic management involves 3 levels of strategy:
1. Corporate level strategy determines the overall scope and direction of the organization.
2. Business level strategy identifies how each business unit will compete in its market.
3. Functional level strategy guides activities within specific operational areas like marketing and HR.
The strategic management process includes environmental scanning, strategy formulation, implementation, and evaluation. Setting a vision, mission, and objectives provides guidance for strategic planning.
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Scott droney - presentation on strategic management
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Decision Making
- 1. Presentation on Decision making & Organising
- 2. Decision making Decision making is an essential part of the every function of management . It is a process of selection of a particular action out of various alternatives. “ No business can survive without decision making.” Whatever a manager does , he does through decision making. - By Peter Drucker
- 4. Policies Policies are not simple statements , they have certain purpose behind them. They are the guidelines on the general limits within which the members of an enterprise act.
- 9. Organising After the objectives of the enterprise have been determined, the next logical step in the managerial process is organising .
- 11. The End