A key maxim in business is: never acquire a business you don’t understand how to run. Equally, it would be true to say: never adopt a strategy you don’t understand how to implement.
We cannot implement what we don’t know. "If a man takes no thought about what is distant, he will find sorrow near at hand. He who will not worry about what is far off will soon find something worse than worry."—Confucius. Jim Skinner, CEO of McDonald’s, says, “We do so well because our strategies have been so well planned out.” And let me say here that, just as a football team needs a good game plan to have a chance for success, a company must have a good strategic plan to compete successfully.
A key maxim in business is: never acquire a business you don’t understand how to run. Equally, it would be true to say: never adopt a strategy you don’t understand how to implement.
We cannot implement what we don’t know. "If a man takes no thought about what is distant, he will find sorrow near at hand. He who will not worry about what is far off will soon find something worse than worry."—Confucius. Jim Skinner, CEO of McDonald’s, says, “We do so well because our strategies have been so well planned out.” And let me say here that, just as a football team needs a good game plan to have a chance for success, a company must have a good strategic plan to compete successfully.
Educaterer India is an unique combination of passion driven into a hobby which makes an awesome profession. We carve the lives of enthusiastic candidates to a perfect professional who can impress upon the mindsets of the industry, while following the established traditions, can dare to set new standards to follow. We don't want you to be the part of the crowd, rather we like to make you the reason of the crowd. Today's Effort For A Better Tomorrow
Balanced Scorecard Master Class Workshop - Jakarta 18 January 2013Sapri Pamulu, Ph.D
MasterClass with the creator of balanced scorecard - Prof. Kaplan- @Hotel Mulia Jakarta/Indonesia, 18 January 2013.
THE SECRET TO SUCCESSFUL STRATEGY EXECUTION"
"Translating Strategy to Measureable Actions... from PowerPoint to PracticeNidal Bitar
Be amongst 200+ senior executives who will particpate in "Translating Strategy to Measureable Actions... from PowerPoint to Practice on May 18th... for more info, please visit: www.translatingstrategy.scopi.org
This content was originally published by Copenhangenize at the following URL: http://copenhagenize.eu/index/04.html
We mirrored it because the link is quoted in a Cycle Cities output and, according to the Interreg IV C rules, it has to be made available for at least five years after the end of the projet (2014).
All rights are reserved and have to be credited to the authors (Copenhagenize Design Co.).
Educaterer India is an unique combination of passion driven into a hobby which makes an awesome profession. We carve the lives of enthusiastic candidates to a perfect professional who can impress upon the mindsets of the industry, while following the established traditions, can dare to set new standards to follow. We don't want you to be the part of the crowd, rather we like to make you the reason of the crowd. Today's Effort For A Better Tomorrow
Balanced Scorecard Master Class Workshop - Jakarta 18 January 2013Sapri Pamulu, Ph.D
MasterClass with the creator of balanced scorecard - Prof. Kaplan- @Hotel Mulia Jakarta/Indonesia, 18 January 2013.
THE SECRET TO SUCCESSFUL STRATEGY EXECUTION"
"Translating Strategy to Measureable Actions... from PowerPoint to PracticeNidal Bitar
Be amongst 200+ senior executives who will particpate in "Translating Strategy to Measureable Actions... from PowerPoint to Practice on May 18th... for more info, please visit: www.translatingstrategy.scopi.org
This content was originally published by Copenhangenize at the following URL: http://copenhagenize.eu/index/04.html
We mirrored it because the link is quoted in a Cycle Cities output and, according to the Interreg IV C rules, it has to be made available for at least five years after the end of the projet (2014).
All rights are reserved and have to be credited to the authors (Copenhagenize Design Co.).
Ch4 Internal Assessment: Strategic ManagementTriune Global
Focus is on identifying & evaluating a firm's strength & weaknesses in the functional areas of business, including management, marketing, finance, production, and management information systems.
Thinking tool to facilitate the understanding and decision on the intent, baseline, gaps, action and resources in planning strategically e-services in government.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
1. STRATEGIC MANAGEMENT
“With out a strategy, an organization is The word strategy is derived from the ancient Greek word
like a ship with out a rudder, going strategia, which connoted the art and science of directing
military forces.
around in circles. It’s like a tramp; it
The strategic management is the modern term for
has no place to go.” what was earlier called business policy.
Strategic management is defined as “the set of Def: “it is a process of formulating, implementing and
decisions and actions which leads to the evaluating cross functional decisions that enable an
development an effective strategy or strategies to organization to achieve its objectives.”
help achieve corporate objectives.”
Elements of strategic
management Def: Strategic management is indeed managing for the future or
1. Strategic analysis competing for the future
2. Strategic choice
3. Strategy implementation
4. Strategy evaluation. Approaches or modes of Strategy implementation
strategic management
Components of strategy 1. Establish annual objects.
1. Entrepreneurial mode 2. Devise policies
1. Scope 2. Adaptive mode 3. Motivate employees
2. Mission and objectives 3. Planning mode. 4. Allocate resources
3. Identification of 5. Develop a strategy of
sustainable competitive supportive culture
advantage Levels of strategy 6. Create an effective
4. Organization organization structure
5. Resource deployment 1. corporate strategy 7. Channel marketing efforts
6. Synergy (two or more 2. SBU level strategy 8. Prepare budgets
sub systems working (Strategic Business 9. Develop and utilize
together to produce Unit) information system
more than the total of 3. functional strategy 10. Link employee rewards to
what they might produce 4. Operating strategy. organizational performance
working alone.)
Benefits of strategic management Need for strategic management
1. It provides an objective view of management problems 1. To provide guide lines
2. It gives encouragement to forward thinking 2. Probability for better
3. It allows major decisions & supports established objectives performance
4. it facilitates better delegation, co-ordination, monitoring 3. Improves coordination
performance evaluation and control. 4. Systematize business
5. Strategic management makes the management dynamic, decisions
appropriate to the environment and result and future oriented. 5. Improves communications,
6. It helps for increased employee productivity and reduced allocation of resources.
resistance to change
2. Functions of strategic management Challenges for strategic management
1. Planning for future 1. Technological advancement and strategic
2. Developing organization structure management
3. Motivating people 2. Product/service innovation &development
4. Providing leadership 3. Global issues and strategic management
4. Quality issues and social issues
Components of corporate Strategic management process
strategy I. Implementation
The three phases are;
Mission Strategy formulation 1. Mobilization and allocation of
Purpose Implementation resources
Objectives and goals Evaluation and control 2. Structuring of authority and
Policies, procedures and rules responsibility
3. Tasks and information flows
4. It involves a number of
II. Strategy formulation administrative and operational
decisions
1. Determination of mission and objectives
2. SWOT analysis
• Analysis of Strengths and Weaknesses of the firm III. Evaluation and control
• Analyzing Environmental Opportunities and
Threats 1. Continuous monitoring of the
3. Generation of alternative strategies environment and
4. Choosing the most appropriate strategy implementation of the
Suitability, feasibility, acceptability strategy is essential.
2. The evaluation providing the
Strategic planning (or) corporate planning feedback for modifications
Def: It is “concerned with the determination of the basic long-term
Benefits of strategic planning
goals and objectives of an enterprise, and the adoption of courses
of action and allocation of resources necessary for carrying out
1. It provides roadmap for the
these goals.” ---Alfred chandler
firms
2. It helps the firm utilize its
Levels of strategic planning resources in the best possible
VISION manner.
1. Corporate - level strategic A vividly 3. It minimizes the chances of
planning descriptive image of mistakes and unpleasant
2. Business - level strategic what a company wants surprises
planning to be or wants to be 4. It creates a framework for
3. Functional - level strategic known for future. internal communication
planning among personnel.
Elements of mission statement
MISSION
1. Clarity
• A statement of a firm’s unique purpose and the scope of 2. Broad and enduring
its operations in product and market terms. 3. Identity and image
• Mission sets the direction for the strategic development of 4. Unique& realistic
the organization. 5. Adapted to the target audience
3. Objectives (VS) goals Role of objectives
1. Long term 1. short term 1. Direction
2. General 2. specific 2. Co-ordination
3. Less measurable 3. more measurable 3. Bench marks for
success
4. motivation
Characteristics of objectives Importance of objectives
objectives form a hierarchy justify the organization
objectives form a network provide organization
multiplicity of objectives help strategic planning
long and short range objectives provide standards for
assessment and control
help decentralization