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1 Business Strategic Management. 2 Steps to strategic management Environmental analysis Establish organizational direction Strategy formulation Strategy.

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Presentation on theme: "1 Business Strategic Management. 2 Steps to strategic management Environmental analysis Establish organizational direction Strategy formulation Strategy."— Presentation transcript:

1 1 Business Strategic Management

2 2 Steps to strategic management Environmental analysis Establish organizational direction Strategy formulation Strategy implementation Strategic control

3 3

4 4 Key objective areas Market standing Innovation Productivity Resource levels Profitability Manager performance and development Worker performance and attitude Social responsibility

5 5 Strategic control Typically consists of three steps Monitoring performance Comparing performance to standards Taking corrective action where needed


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