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.
Strategic formulation in Strategic managementYamini Kahaliya
This presentation is on Strategy formulation(of subject strategic management) and it covers following points :-
Define strategy formulation
Need of strategy formulation
Steps of strategy formulation
Problems in strategy formulation
Levels of strategy
Strategic formulation in Strategic managementYamini Kahaliya
This presentation is on Strategy formulation(of subject strategic management) and it covers following points :-
Define strategy formulation
Need of strategy formulation
Steps of strategy formulation
Problems in strategy formulation
Levels of strategy
This Module covers Definition,Relevance , Characteristics , Level, Approach of Strategic Management along with Strategic Management Model, Strategist and Pitfall in Strategic Management
Scott droney - presentation on strategic managementScott Droney
All businesses go through a period when you doubt if it's all working as you wanted, being able to refer back to a business plan is useful during these periods as it can help to refocus your thoughts.
This Module covers Definition,Relevance , Characteristics , Level, Approach of Strategic Management along with Strategic Management Model, Strategist and Pitfall in Strategic Management
Scott droney - presentation on strategic managementScott Droney
All businesses go through a period when you doubt if it's all working as you wanted, being able to refer back to a business plan is useful during these periods as it can help to refocus your thoughts.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
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.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
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.
www.seribangash.com
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.
https://seribangash.com/promotors-is-person-conceived-formation-company/
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.
https://seribangash.com/difference-public-and-private-company-law/
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
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
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.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
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.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
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.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
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.
1. Presentation on Strategic Management(SM)
What is Strategy?
Definition of Strategy
Features of Strategy
Levels of Strategy- corporate-level,
business- level and functional-level.
What is Strategic Management?
Process of Strategic Management
Agenda:
Submitted by :
Immani Chandra Shekar
(Reg. No: 19K61E0020)
3. Definition of Strategy
• As per Glueck, Strategy is
unified, comprehensive and
integrated plan relating the
strategic advantages of the
firm to the challenges of the
environment. It is designed
to ensure that the basic
objectives of the enterprise
are achieved.
• As per Alfred D. Chandler,
Strategy is “The determination
of basic long-term goals and
objectives of an enterprise and
the adoption of the courses of
action and the allocation of
resources necessary for
carrying out these goals.”
4. Features of Strategy
Top management responsibility
Allocation of large amount of resources
Impact on long term prosperity of the firm
Future oriented
Multi-functional or multi-business consequences
Consideration of factors in the external environment
6. Corporate-level Strategy:
• At this level, strategic decisions relate to organization-wide policies and are taken
care by top-level management (BOD) with a vision of determining ‘Where the
company wants to be?’
• It has two main aspects- Formulation of Strategy (strategic planning) and
Strategy Implementation
• The nature of strategy at this level tend to be value-oriented, conceptual and than
other levels.
• There is also greater risk, cost and profit potential as well as greater need of
flexibility associated with this level.
• Major financial policy decisions involving acquisition, diversification and
structural redesigning belong to this level.
7. Business-Level Strategy:
• Business-level strategy is more likely related to a unit within the whole. It is concerned with
competition in a market.
• The concerns are about what products or services should be developed and offered to which
markets in order to meet customer needs and organizational objectives.
• At this level, multifunctional strategies developed at corporate level are formulated and
implemented for specific product market in which the business operates. Thus, managers at
this level translate general directions and intent into concrete functional objectives.
• Decisions at this level include policies involving new product development, marketing mix,
research & development, personnel, etc.
8. Functional/Operational-Level Strategy:
• Functional strategy involves decision-making with respect to specific functional areas-
production, marketing, personnel, finance etc.
• While corporate and business level strategies are concerned with “Doing the right things”,
functional strategies stress on “Doing things right”.
• Operating level strategy is concerned with strategic approaches for managing frontline
operating units(like plants, sales, etc) and for handling day to day tasks of strategic
significance(like advertising campaign, purchasing materials, inventory control, maintenance,
etc.).
• Thus, functional level strategic management is the management of relatively narrow areas
of activity, which are of vital, pervasive or continuing importance to the total
organization.
9. Strategic Management
• Strategic management is a set of
management decisions and actions
that determines the long-run
performance of a corporation. It
includes environmental scanning,
strategy formulation, strategy
implementation and evaluation and
control to achieve the objectives of an
organization.
• The study of strategic management
emphasizes the monitoring and
evaluating of external opportunities
and threats in light of a corporation’s
strengths and weaknesses.
• As per Fred R. David, strategic
management is an art and science of
formulating, implementing and
evaluating cross functional decisions that
enable an organization to achieve its
objectives.
• As per Channon, strategic
management is defined as that set of
decisions and actions that result in
formulating of strategy an its
implementation to achieve the objectives
of the corporation.
10.
11. Step 1: Strategic Intent
Vision- Vision is the statement that expresses organization’s ultimate long-run
objectives. It is what the firm ultimately like to become. Vision once formulated
is for forever and long lasting for years to come. E.g.- Microsoft- ’A computer
software on every desk and in every home’.
Mission- It tells who we are and what we do as well as what we’d like to
become. Mission of a business is the fundamental, unique purpose that sets it
apart from other firms of its kind and identifies the scope of its operations in
product and market terms. E.g.- Microsoft- ‘Empower every person and every
organization on the planet to achieve more’.
Objectives- Objectives state specifically how the goals shall be achieved.
Following are the areas for setting objectives- profit objective, marketing
objective, production objective, etc.
12. Step 2: Strategy Formulation
• Strategy formulation refers to the process of choosing the most appropriate
course of action for the realization of organizational goals and objectives
and thereby achieving the organizational vision.
• For choosing most appropriate course of action, appraisal of organization and
environmental is done with the help of SWOT analysis.
• Environmental Appraisal- The
environment of any organization is
"the aggregate of all conditions,
events and influences that surround
and affect it". It is dynamic and
consists of External & Internal
Environment .
• Organizational Appraisal- It is the
process of observing an organizational
internal environment to identify the
strengths and weaknesses that may
influence the organization's ability to
achieve goals. The analysis of corporate
capabilities and weaknesses becomes a pre-
requisite for successful formulation and
reformulation of corporate
13. Step 3:Strategy Implementation
• Behavioural Implementation- It
denotes mobilizing employees and
managers to put and formulate strategies
into action and require personal
discipline, commitment and sacrifice. It
depends upon manager’s ability to
motivate employees.
• Operationalizing strategy- It includes
establishing annual objectives, devising
policies, and allocating resources.
• Designing structure, process & system-
Strategy implementation includes the
making of decisions with regard to
organizational structure, developing
budgets, programs and procedures in order
to accomplish certain activities.
• Functional Implementation- Functional
implementation is carried out through
functional plan and policies in five
different areas- marketing, finance,
operation, personnel and Information
management
Strategy implementation is the action stage of strategic management. It refers to
decisions that are made to install new strategy or reinforce existing strategy.
14. Step 4.Strategy Evaluation & Control
• Strategy evaluation- It is the primary
means to know when and why particular
strategies are not working well. It is the
process in which corporate activities and
performance results are monitored so that
actual performance can be compared
with desired performance. Thus strategic
evaluation activities include reviewing
external and internal factors that are the
basis for current strategies.
• Strategic control- In this step, organizations
Determine what to control i.e., which
objectives the organization hopes to
accomplish, set control standards, measure
performance, Compare the actual with the
standard, determine the reasons for the
deviations and finally taking corrective
actions and review the policies and activities
if needed.
15. ---without a strategy a business firm will not have a long term
direction…
---Thank You For Your Attention