Intro to strategic management
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1) Strategic management is the art and science of formulating, implementing, and evaluating cross-functional decisions to enable an organization to achieve its objectives. 2) The strategic management process involves conducting external and internal audits to identify opportunities, threats, strengths and weaknesses, setting long-term objectives, generating and selecting strategies, implementing strategies, and evaluating performance. 3) Strategic management helps organizations adapt to changes in external trends and internal capabilities by effectively creating, implementing, and assessing strategies to achieve sustained competitive advantage and meet their vision and mission.
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Nature of sm ppt
This document provides an overview of strategic management. It discusses the comprehensive strategic management model, which involves external and internal audits to develop long-term objectives and strategies. The key stages are strategy formulation, implementation, and evaluation. Strategic management aims to integrate different business functions to achieve organizational success. It can provide benefits such as identifying opportunities and improving coordination. The document also discusses factors like business ethics, global competition, and the advantages and disadvantages of international operations.
Strategic management new slide
Strategic Management, Process of Strategic Management, Phases of Strategic Management, Objectives, Nature of Objectives, Hierarchy of Objectives, Guidelines to set Objectives, Mission Statement, Vision, Corporate Strategy, Functional Strategy.
chapter01.ppt
This document provides an overview of strategic management. It discusses that strategic management achieves organizational success through integrating various business functions. It outlines a three-stage strategic management process of formulation, implementation, and evaluation. Key aspects of strategic management include developing a vision and mission, conducting external and internal audits, setting long-term objectives and strategies, implementing strategies, and measuring performance. The benefits of strategic management include improved decision making, coordination, and competitiveness.
Strategic Management chap01
Corporate Strategy or Strategic Management
Concepts and Cases by Fred R. David,
Francis Marion University, Florence, South Carolina, &
Forest R. David,
Strategic Planning Consultant
Strategic Management
Strategic management involves developing a strategy to achieve long-term organizational objectives. It is a process that includes formulating strategy, implementing strategy, and evaluating strategy. Strategic decisions require top management involvement, large resource commitments, and consideration of external factors. Strategies can be formulated at the corporate, business, and functional levels. The strategic management process helps organizations effectively plan for and adapt to changes in their environment.
Strategic management
Strategic management involves formulating, implementing, and evaluating cross-functional decisions to help an organization achieve its objectives. It includes developing a vision and mission, identifying opportunities and threats, determining strengths and weaknesses, and establishing long-term objectives. Key strategy formulation issues are determining new businesses to enter, resources to allocate, and whether to diversify or expand internationally. Effective strategy implementation establishes objectives, policies, employee motivation, and resource allocation. Strategy evaluation reviews strategies, measures performance, and identifies actions for improvement.
Module1.ppt
The document discusses strategic management and key concepts. It begins by defining strategic management as "the art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organisation to achieve its objectives." It then discusses several important questions in strategic management, including where the company currently stands, where it wants to go, and how it will get there. The document also summarizes the strategic management process and explains how a company's strategy relates to its business model.
MoB-Unit-II.ppt
Planning involves selecting objectives, determining ways to achieve them, and providing a rational approach. There are various types of plans like strategic, tactical, operational, long-range, intermediate, and short-range plans.
The planning process involves 8 steps - analyzing the business environment, establishing objectives, setting planning premises, identifying alternatives, evaluating alternatives, choosing an alternative, formulating secondary plans, and quantifying plans by making budgets.
There are different types of organizational structures like functional, divisional, matrix based on different factors. Planning and decision making are important management functions that help organizations achieve their goals effectively.
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Nature of sm ppt
This document provides an overview of strategic management. It discusses the comprehensive strategic management model, which involves external and internal audits to develop long-term objectives and strategies. The key stages are strategy formulation, implementation, and evaluation. Strategic management aims to integrate different business functions to achieve organizational success. It can provide benefits such as identifying opportunities and improving coordination. The document also discusses factors like business ethics, global competition, and the advantages and disadvantages of international operations.
Strategic management new slide
Strategic Management, Process of Strategic Management, Phases of Strategic Management, Objectives, Nature of Objectives, Hierarchy of Objectives, Guidelines to set Objectives, Mission Statement, Vision, Corporate Strategy, Functional Strategy.
chapter01.ppt
This document provides an overview of strategic management. It discusses that strategic management achieves organizational success through integrating various business functions. It outlines a three-stage strategic management process of formulation, implementation, and evaluation. Key aspects of strategic management include developing a vision and mission, conducting external and internal audits, setting long-term objectives and strategies, implementing strategies, and measuring performance. The benefits of strategic management include improved decision making, coordination, and competitiveness.
Strategic Management chap01
Corporate Strategy or Strategic Management
Concepts and Cases by Fred R. David,
Francis Marion University, Florence, South Carolina, &
Forest R. David,
Strategic Planning Consultant
Strategic Management
Strategic management involves developing a strategy to achieve long-term organizational objectives. It is a process that includes formulating strategy, implementing strategy, and evaluating strategy. Strategic decisions require top management involvement, large resource commitments, and consideration of external factors. Strategies can be formulated at the corporate, business, and functional levels. The strategic management process helps organizations effectively plan for and adapt to changes in their environment.
Strategic management
Strategic management involves formulating, implementing, and evaluating cross-functional decisions to help an organization achieve its objectives. It includes developing a vision and mission, identifying opportunities and threats, determining strengths and weaknesses, and establishing long-term objectives. Key strategy formulation issues are determining new businesses to enter, resources to allocate, and whether to diversify or expand internationally. Effective strategy implementation establishes objectives, policies, employee motivation, and resource allocation. Strategy evaluation reviews strategies, measures performance, and identifies actions for improvement.
Module1.ppt
The document discusses strategic management and key concepts. It begins by defining strategic management as "the art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organisation to achieve its objectives." It then discusses several important questions in strategic management, including where the company currently stands, where it wants to go, and how it will get there. The document also summarizes the strategic management process and explains how a company's strategy relates to its business model.
MoB-Unit-II.ppt
Planning involves selecting objectives, determining ways to achieve them, and providing a rational approach. There are various types of plans like strategic, tactical, operational, long-range, intermediate, and short-range plans.
The planning process involves 8 steps - analyzing the business environment, establishing objectives, setting planning premises, identifying alternatives, evaluating alternatives, choosing an alternative, formulating secondary plans, and quantifying plans by making budgets.
There are different types of organizational structures like functional, divisional, matrix based on different factors. Planning and decision making are important management functions that help organizations achieve their goals effectively.
Strategic Management lecture # 01
This document outlines a lecture on strategic management. It defines strategic management as the art and science of formulating, implementing, and evaluating cross-functional decisions to achieve organizational objectives. The lecture covers key topics such as the stages of strategic management (formulation, implementation, evaluation), key terms, benefits, and pitfalls. It also provides examples and discusses strategic management models.
Strategic Management Mod 2.pdf
STRATEGIC MANAGEMENT
Module 2 STRATEGY INTENT & STRATEGY FORMULATION
By Jayanti Pande
RTMNU Nagpur university MBA Sem 3
Free Notes By Jayanti Pande
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Strategic Management
The document discusses strategic management, which is defined as formulating, implementing, and evaluating cross-functional decisions to help an organization achieve its objectives. It involves strategy formulation by analyzing internal strengths/weaknesses and external opportunities/threats. Strategies are then selected, implemented through annual objectives and policies, and evaluated using performance metrics. Strategic management helps organizations adapt to changes, achieve sustained competitive advantages, and gain financial/non-financial benefits like increased sales, productivity, and problem prevention capabilities.
Corporate strategy
This document discusses corporate strategy. It defines strategy as originating from the Greek word for directing the military and outlines Porter's view that strategy involves moving an organization from its current position to a desired future state through planned activities and resources. The document then covers various aspects of corporate strategy including its nature, importance, scope, purpose, objectives, levels, and strategic decision making process. It also discusses analyzing the external and internal environment, formulating strategy, and the roles of various strategists.
1.corporate strategy &policy overview
This document discusses corporate strategy and its components. It defines corporate strategy as decisions about products, locations, and organization structure to achieve objectives. Corporate strategy involves formulating a vision, mission, analyzing the external environment, identifying strategic options, setting long-term and annual objectives, developing functional strategies, policies, and institutionalizing the strategy. It also discusses the characteristics of corporate strategy, the levels of planning from corporate to functional, and the critical tasks of formulating mission, developing profiles, assessing the environment, analyzing options, and implementing and evaluating strategies.
strategic management
Strategic management involves analyzing external and internal factors to determine long-term decisions that maximize resource use relative to objectives. It coordinates organizational units to focus on goals. Strategic management requires adapting to environmental changes and is involved in decision-making. Managers conduct strategic analysis to determine where and how to compete, develop innovative business models, and address multiple business issues by creating actions and growth platforms. Strategy components include context, content, and process to analyze the environment, choose strategic options, and implement strategies.
Developing the strategy
strategic development process follow by four steps:
1- Crafting mission , vision and value statement
2- Strategic goals
3- Strategic analysis
4- Formulating and launching the strategy
Strategies, policies and planning premises
This document discusses strategies, policies, and strategic planning. It covers the following key points in 3 sentences:
Strategies exist at the corporate, business unit, and functional levels and include a company's competitive moves, internal approaches, and action plans. Strategic planning involves analyzing the internal strengths and weaknesses as well as external opportunities and threats, setting objectives, and crafting strategies to guide the organization. Effective implementation of strategies requires consideration of factors like technology, human resources, decision processes, and organizational culture.
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1 Introduction & Nature Of S T R A T M A N
This document provides an overview of strategic management concepts. It introduces the strategic management process, which includes developing a vision and mission, analyzing external and internal environments, setting long-term objectives, generating strategies, implementing strategies, and evaluating performance. Key terms like competitive advantage, strategies, and annual objectives are also defined. The benefits of strategic management and a comprehensive strategic management model incorporating all the steps are discussed.
Strategic Management
Set of decision and actions resulting in formulating and implementation of strategies designed to achieve the objectives of an organization.
Art & science of formulating, implementing, and evaluating, cross-functional decisions that enable an organization to achieve its objectives.
1.introduction
Strategic management involves analyzing internal strengths and weaknesses as well as external opportunities and threats to develop strategies that achieve competitive advantage and superior performance. Effective strategy implementation then requires aligning organizational structure, culture and controls behind the chosen strategies to maximize shareholder value over the long run. Strategic leadership and decision-making processes aim to formulate strategies that sustain competitive advantage despite an unpredictable environment.
Strategic management lecture2
This document provides an overview of strategic management concepts and topics that will be covered in a strategic management course. It discusses key concepts like vision, mission, objectives, internal and external analysis, strategy formulation and implementation. It outlines the traditional and modern flows of strategic management in organizations and the roles of different managers. The document also differentiates between deliberate and emergent strategies and provides criteria for developing objectives.
MBA 590 Strategic Management Chpt. 1,2
This document discusses strategic management and planning. It covers:
1) The key components of strategic management - formulation, implementation, and evaluation of cross-functional decisions to achieve organizational objectives.
2) The strategic management process, including strategic formulation, implementation, and evaluation.
3) Benefits and pitfalls of strategic planning, such as improved understanding but potential failure to communicate.
Performance Review Template
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Organizational Planning And Goal Setting
MGT 201 Helpful Slides For Management Students Of Different Universities In Karachi And All Over Pakistan And Organizational Planning And Goal Setting
Spppii2
1. The document discusses various strategies, policies, and concepts related to strategic planning including levels of strategy, the BCG matrix, SWOT analysis, Porter's five forces model, and generic strategies.
2. It also covers the strategic planning process, including developing a vision and mission, strategic analysis both internally and externally, setting objectives, and implementing strategy.
3. Finally, the document discusses decision-making, including different environments, theories of decision-making, factors that influence decisions, and various decision-making techniques.
ppt
1. The document discusses various strategies, policies, and concepts related to strategic planning including levels of strategy, the BCG matrix, SWOT analysis, Porter's five forces model, and generic strategies.
2. It also covers the strategic planning process, including developing a vision and mission, strategic analysis both internally and externally, setting objectives, and implementing strategy.
3. Finally, the document discusses decision-making, including different environments, theories of decision-making, factors that influence decisions, and various decision-making techniques.
Opreational & stratergic planning
This document provides an overview of strategic planning and decision-making processes for organizations. It discusses key concepts like levels of strategy, strategic planning versus operational planning, strategic analysis tools like SWOT and Porter's Five Forces, and classical versus behavioral decision-making theories. The document also outlines the typical stages in a strategic planning process including developing a vision/mission, assessment, setting objectives, crafting a strategy, implementation, and evaluation.
Stratergic vs opreating planning
The document discusses various concepts related to strategy, strategic planning, and decision making. It defines strategy as management's plan to achieve successful performance. Strategic planning involves agreeing on priorities and allocating resources to achieve objectives. Decision making can take place under conditions of certainty, risk, or uncertainty. The document outlines various models for strategy formulation, including Porter's generic strategies of differentiation, cost leadership, and focus. It also discusses the strategic planning process and tools for analysis like SWOT, BCG matrix, and gap analysis.
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The document discusses strategic management, which is defined as formulating, implementing, and evaluating cross-functional decisions to help an organization achieve its objectives. It involves strategy formulation by analyzing internal strengths/weaknesses and external opportunities/threats. Strategies are then selected, implemented through annual objectives and policies, and evaluated using performance metrics. Strategic management helps organizations adapt to changes, achieve sustained competitive advantages, and gain financial/non-financial benefits like increased sales, productivity, and problem prevention capabilities.
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This document discusses corporate strategy and its components. It defines corporate strategy as decisions about products, locations, and organization structure to achieve objectives. Corporate strategy involves formulating a vision, mission, analyzing the external environment, identifying strategic options, setting long-term and annual objectives, developing functional strategies, policies, and institutionalizing the strategy. It also discusses the characteristics of corporate strategy, the levels of planning from corporate to functional, and the critical tasks of formulating mission, developing profiles, assessing the environment, analyzing options, and implementing and evaluating strategies.
strategic management
Strategic management involves analyzing external and internal factors to determine long-term decisions that maximize resource use relative to objectives. It coordinates organizational units to focus on goals. Strategic management requires adapting to environmental changes and is involved in decision-making. Managers conduct strategic analysis to determine where and how to compete, develop innovative business models, and address multiple business issues by creating actions and growth platforms. Strategy components include context, content, and process to analyze the environment, choose strategic options, and implement strategies.
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strategic development process follow by four steps:
1- Crafting mission , vision and value statement
2- Strategic goals
3- Strategic analysis
4- Formulating and launching the strategy
Strategies, policies and planning premises
This document discusses strategies, policies, and strategic planning. It covers the following key points in 3 sentences:
Strategies exist at the corporate, business unit, and functional levels and include a company's competitive moves, internal approaches, and action plans. Strategic planning involves analyzing the internal strengths and weaknesses as well as external opportunities and threats, setting objectives, and crafting strategies to guide the organization. Effective implementation of strategies requires consideration of factors like technology, human resources, decision processes, and organizational culture.
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This module covers strategic management and building a competitive advantage. It discusses defining a company's vision and mission, assessing strengths and weaknesses, analyzing opportunities and threats in the environment, and identifying key success factors. It also explains how to analyze competition, set goals and objectives, develop strategies for achieving a competitive advantage through cost leadership, differentiation, or focus. Finally, it discusses translating strategic plans into actions and establishing controls to monitor performance.
1 Introduction & Nature Of S T R A T M A N
This document provides an overview of strategic management concepts. It introduces the strategic management process, which includes developing a vision and mission, analyzing external and internal environments, setting long-term objectives, generating strategies, implementing strategies, and evaluating performance. Key terms like competitive advantage, strategies, and annual objectives are also defined. The benefits of strategic management and a comprehensive strategic management model incorporating all the steps are discussed.
Strategic Management
Set of decision and actions resulting in formulating and implementation of strategies designed to achieve the objectives of an organization.
Art & science of formulating, implementing, and evaluating, cross-functional decisions that enable an organization to achieve its objectives.
1.introduction
Strategic management involves analyzing internal strengths and weaknesses as well as external opportunities and threats to develop strategies that achieve competitive advantage and superior performance. Effective strategy implementation then requires aligning organizational structure, culture and controls behind the chosen strategies to maximize shareholder value over the long run. Strategic leadership and decision-making processes aim to formulate strategies that sustain competitive advantage despite an unpredictable environment.
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This document discusses strategic management and planning. It covers:
1) The key components of strategic management - formulation, implementation, and evaluation of cross-functional decisions to achieve organizational objectives.
2) The strategic management process, including strategic formulation, implementation, and evaluation.
3) Benefits and pitfalls of strategic planning, such as improved understanding but potential failure to communicate.
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2. It also covers the strategic planning process, including developing a vision and mission, strategic analysis both internally and externally, setting objectives, and implementing strategy.
3. Finally, the document discusses decision-making, including different environments, theories of decision-making, factors that influence decisions, and various decision-making techniques.
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2. It also covers the strategic planning process, including developing a vision and mission, strategic analysis both internally and externally, setting objectives, and implementing strategy.
3. Finally, the document discusses decision-making, including different environments, theories of decision-making, factors that influence decisions, and various decision-making techniques.
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Intro to strategic management
- 1. Chapter 1: The Nature of Strategic Management
- 2. 2
- 3. Art & science of formulating, implementing, and evaluating, cross-functional decisions that enable an organization to achieve its objectives Definition of Strategic Management
- 4. Vision & Mission Strategy Formulation External Opportunities & Threats Internal Strengths & Weaknesses Long-Term Objectives Alternative Strategies Strategy Selection
- 5. Strategy Implementation Annual Objectives Policies Employee Motivation Resource Allocation
- 6. Strategy Evaluation Internal Review External Review Performance Metrics Corrective Actions
- 7. External Audit Chapter 3 Internal Audit Chapter 4 Long-Term Objectives Chapter 5 Generate, Evaluate, Select Strategies Chapter 6 Implement Strategies: Mgmt Issues Chapter 7 Implement Strategies: Marketing, Fin/Acct, R&D, CIS Chapter 8 Measure & Evaluate Performance Chapter 9 Vision & Mission Chapter 2 Comprehensive Strategic Management Model
- 8. 1. Adapting to change in external trends, internal capabilities and resources Aim of strategic management: Achieving Sustained Competitive Advantage 2. Effectively formulating, implementing & evaluating strategies
- 9. • 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
- 10. Vision Statement – What do we want to become? Mission Statement – What is our business? The answers to those key questions are usually stated in:
- 11. Opportunities & Threats (External) To realize its vision & mission firms must know: Analysis of Trends: • Economic • Social • Cultural • Demographic/Environmental • Political, Legal, Governmental • Technological • Competitors
- 12. Strengths & Weaknesses (Internal) Typically located in functional areas of the firm • Management • Marketing • Finance/Accounting • Production/Operations • Research & Development • Computer Information Systems
- 13. Means by which long-term objectives are achieved Key Terms Strategies
- 14. Benefits of Strategic Management Financial Benefits • Improvement in sales • Improvement in profitability • Productivity improvement
- 15. Benefits of Strategic Management Non-Financial Benefits • Improved understanding of competitors strategies • Enhanced awareness of threats • Reduced resistance to change • Enhanced problem-prevention capabilities