This document defines strategic management and strategic planning. Strategic management involves analyzing a company's internal and external environments, formulating strategies to achieve objectives, implementing strategies, and monitoring performance. Strategic planning is the process of crafting strategies to help a company achieve its goals. The document outlines key terms, different strategic management models, the importance of strategic planning, benefits and limitations of strategic planning, and guidelines for effective strategic planning.
This revision presentation provides business students with an overview of the role of planning in business strategy. It highlights the key parts to the strategic planning process and considers the main business benefits of effective planning.
this presentation is on Strategic management.
It covers following topics in detail -
Introduction of strategic management
Definition of strategic management
Mintzberg’s Views of Strategy
Features of strategic management
Role of strategic management
Process of strategic management
Need of Strategic management
Benefits of Strategic management
Limitations of strategic management
Mission & Vision
This revision presentation provides business students with an overview of the role of planning in business strategy. It highlights the key parts to the strategic planning process and considers the main business benefits of effective planning.
this presentation is on Strategic management.
It covers following topics in detail -
Introduction of strategic management
Definition of strategic management
Mintzberg’s Views of Strategy
Features of strategic management
Role of strategic management
Process of strategic management
Need of Strategic management
Benefits of Strategic management
Limitations of strategic management
Mission & Vision
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,
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This is a presentation given in the MBS MSc Innovation Management course taught by Prof. Silvia for group assignment to introduce and discuss the paper Dynamic Capabilities and Strategic Management by Teece D., Pisano G., and Shuen A. in 1997.
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,
project planning steps
steps of planning process
5 steps of planning process
the five step planning process
types of planning in management
steps in planning process pdf
5 step strategic planning process
examples of planning in management
examples of middle level managers
middle level manager definition
three types of planning
types of planning process
types of development planning
types of planning pdf
the five step planning process
project planning steps
financial planning steps
planning process pdf
planning and types of planning
types of planning in management
types of planning pdf
types of planning in business
what is planning process
four types of planning
process of planning in management
steps in business planning process
the five step planning process
planning process pdf
what is planning pdf
planning process definition
process planning in manufacturing
planning in the management process
steps in planning process
This is a presentation given in the MBS MSc Innovation Management course taught by Prof. Silvia for group assignment to introduce and discuss the paper Dynamic Capabilities and Strategic Management by Teece D., Pisano G., and Shuen A. in 1997.
This presentation is on Environment Scanning In Strategic management
It includes -
Introduction
Need for Environment Scanning
Appraisal of external environment
Dynamics of internal environment
Porter’s Five forces model
BCG Matrix
Porter's Generic Strategies
Value Chain analysis
Types of Adaptive strategies
Matrix. The third main type of organizational structure, called the matrix structure, is a hybrid of divisional and functional structure. Typically used in large multinational companies, the matrix structure allows for the benefits of functional and divisional structures to exist in one organization.
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This 2 day hand-on practical program consisting of 5 parts is specially designed to focus on creating stretch and inter-connectedness
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(Team Activity)
PART B: THE BEGINNING OF THE STRATEGIC FORMULATION JOURNEY
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Thinking Tool for External Evaluation
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Relevancy of Structural Analysis
Customer Intelligences
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www.seribangash.com
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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.
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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:
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1. B Y O V I D I J U S J U R E V I C I U S
A T S T R A T E G I C M A N A G E M E N T I N S I G H T
Strategic Management
& Strategic Planning
2. Contents
Definition
What is strategic management?
Key terms
Difference between strategic management and
strategic planning
Basic strategic planning process
Different models of strategic management
Importance of strategic planning
3. Contents (continued)
Why some firms do not do strategic management
Key benefits
Limitations
Guidelines for successful strategic planning
4. Definition
“Strategic management can be defined as the art and
science of formulating, implementing and evaluating cross-
functional decisions that enable an organization to achieve
its objectives.”
by David, F.R. Strategic Management: Concepts and Cases
“An integrative management field that combines analysis,
formulation, and implementation in the quest for
competitive advantage.”
by Rothaermel, F. T. (2012). Strategic Management: Concepts and Cases
5. Definition (cont.)
“Strategic planning is defined as the process by which
managers of the firm analyze the internal and external
environments for the purpose of formulating strategies and
allocating resources to develop a competitive advantage in
an industry that allows for the successful achievement of
organizational goals.”
by Cox, Daspit, McLaughlin and Jones (2012)
“Strategic management includes understanding the
strategic position of an organisation, making strategic
choices for the future and managing strategy in action.”
by Johnson, Scholes and Whittington (2008)
6. What is Strategic Management?
The general purpose of strategic planning is to
combine the energy of organization’s functional areas
into one focused effort to achieve superior
performance. It is usually done through the many
steps of the process.
Initial
assessment
Situation
Analysis
Strategy
Formulation
Strategy
Implementa
tion
Strategy
Monitoring
7. What is Strategic Management? (continued)
In essence, it answers the following 3 questions:
Where the organization is at the moment?
Where does it want to go?
How it will get there?
16. Both, strategic management and strategic planning, terms
mean the same!
Strategic Management
Academic environment
Strategic Planning
Business environment
Difference between strategic management and
strategic planning
isusedin
isusedin
21. Importance of strategic planning
Requirement for sustained competitive advantage
Views things from broader perspective
Facilitates collaboration
22. Importance of strategic planning (cont.)
Requirement for sustained competitive advantage
Some companies may achieve competitive advantage
without thorough strategic planning but for the most
businesses out there it is vital to plan strategically, i.e.
analyze, create, implement and monitor their strategy,
and do this continuously.
23. Importance of strategic planning (cont.)
Views things from broader perspective
The other reason why the organizations don’t simply
rely on their finances, marketing or operations
functional areas to bring the competitive advantage is
that managers of each area often view things only from
their own specific angle, which is too narrow view for
the whole organization to rely upon.
Only the managers (e.g. CEOs or strategic planners)
who see the whole picture of the company and its
surrounding environments can make the decisions
that bring the competitive advantage.
24. Importance of strategic planning (cont.)
Facilitates collaboration
Nowadays, most companies involve middle managers
of functional areas into the process of formulating
strategic plan. Middle managers are the people who
implement the strategies set out in a plan and if they
aren’t involved in making the plan, then they aren’t so
committed to support it.
25. Why some firms do not do strategic management
Poor reward
structures
Waste of time
Too expensive
Laziness
Fear of failure
Overconfidence
Prior bad experience
Difference in opinions
26. Key benefits
1. Defines company’s vision, mission and future goals.
2. Identifies the suitable strategies to achieve the
goals.
3. Improves awareness of the external and internal
environments, and clearly identifies the
competitive advantage.
4. Increases managers’ commitment to achieving the
company’s objectives.
5. Improves coordination of the activities and more
efficient allocation of company’s resources.
27. Key benefits (cont.)
6. Better communication between managers of the
different levels and functional areas.
7. Reduces resistance to change by informing the
employees of the changes and the consequences of
them.
8. Strengthens the firm’s performance.
9. On average, companies using strategic management
are more successful than the companies that don’t.
10. Strategic planning allows the organization to
become more proactive than reactive.
28. Limitations
The costs of engaging in strategic management are
huge.
The process is complex.
Success is not guaranteed.
29. Guidelines for successful strategic planning
It should be implemented in the organization rather
than left on paper.
Managers and employees must understand the
process and be involved in it.
It cannot become too bureaucratic, formal and too
rigid process
Managers involved in strategic management must
know all the required information as soon as possible
and use it to strengthen firm’s strategic efforts.
30. Thank you for reading
To download this presentation visit our website:
http://www.strategicmanagementinsight.com/strate
gic-management/strategic-management-and-
strategic-planning.html
For more on strategic management process:
http://www.strategicmanagementinsight.com/strate
gic-management/strategic-management-and-
strategic-planning-process.html
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