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
Operational Effectiveness Is Not Strategy
Operational Efficiency
Competitive Strategy
Strategy Rests on Unique Activities
Origin of Strategic Position (3 Sources)
Variety /Need /Access-Based Positioning
A Sustainable Strategic Position Requires Trade-offs
Fit Drives Both Competitive Advantage and Sustainability
Rediscovering Strategy
External Challenges to Strategy
Traps for Shaping Strategy
Operational Effectiveness Is Not Strategy
Operational Efficiency
Competitive Strategy
Strategy Rests on Unique Activities
Origin of Strategic Position (3 Sources)
Variety /Need /Access-Based Positioning
A Sustainable Strategic Position Requires Trade-offs
Fit Drives Both Competitive Advantage and Sustainability
Rediscovering Strategy
External Challenges to Strategy
Traps for Shaping Strategy
I. History and Introduction: Objectives of Environmental Scanning
II. What is Environment Scanning
III. How to do it - Some Scanning Techniques
1. Expert Panels
2. Database Literature Review
3. Internet Searches
4. Hard-Copy Literature Review
5. Essays on Issues by Experts
6. Key Person Tracking and Conferencing Monitoring
Not much attention is given to implementation as formulation. It is no news that many good strategies have failed as a result of this. My thinking is that if organisations can picture formulation and implementation as a unit, results will be better.
I term my model: Formulate and Implement Strategy Model.
This model allows any organisation to see implementation from the start line of formulation.
By environmental scanning the company will get exact information from the market.
Ex: What kind of products the customers are expected from the company.
Wage fund theory – wage theories - compensation management - Manu Melwin Joymanumelwin
This theory was developed by Adam Smith and was further expounded by J.S.Mill.
J.S. Mill said that wages mainly depend upon demand for and supply of labour or the proportion between population and capital available.
Strategic Purpose
Business Level Strategy
Corporate Level and International Strategy
Strategy Direction and Methods of Developments
Organizing for Strategy Success
Enabling Strategy Success
Managing Strategic Change
Understanding Strategy Development
Key Learning Points
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.
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.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
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!
2. Group Members
Name ID
Md. Ruhul Amin 2012010000345
Md.Tanvir Hossain Mollah 2012010000333
Umma Bushra Oshin 2012010000359
3. Introduction
It is useful to consider strategy formulation as part of a
strategic management process that comprises three
phases: diagnosis, formulation, and
implementation. Strategic management is an ongoing
process to develop and revise future-oriented
strategies that allow an organization to achieve its
objectives, considering its capabilities, constraints,
and the environment in which it operates.
4. Three Aspects of Strategy
Formulation
1.Corporate Level Strategy:
2.Competitive Strategy (often called Business Level
Strategy):
3. Functional Strategy:
5. Corporate Level Strategy
This comprises the overall strategy elements for the
corporation as a whole, the grand strategy, if you
please. Corporate strategy involves four kinds of
initiatives:
* Making the necessary moves to establish positions in
different businesses and achieve an appropriate amount
and kind of diversification.
* Initiating actions to boost the combined performance
of the businesses the company has diversified into: This
may involve vigorously pursuing rapid-growth strategies in
the most promising LOB's,
* Pursuing ways to capture valuable cross-business
strategic fits and turn them into competitive advantages
6. Our Growth Objective and
Strategies
Growth objectives can range from drastic retrenchment
through aggressive growth. Organizational leaders
need to revisit and make decisions about the growth
objectives and the fundamental strategies the
organization will use to achieve them. There are forces
that tend to push top decision-makers toward a growth
stance even when a company is in trouble and should
not be trying to grow, for example bonuses, stock
options, fame, ego.
7. Our Portfolio Strategy
This second component of corporate level strategy is
concerned with making decisions about the portfolio
of lines of business (LOB's) or strategic business units
(SBU's), not the company's portfolio of individual
products.
8. COMPETITIVE (BUSINESS
LEVEL) STRATEGY
Competitive strategy is about being different. It
means deliberately choosing to perform activities
differently or to perform different activities than
rivals to deliver a unique mix of value.
(Michael E. Porter)