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1 Business Strategic Management
2 Steps to strategic management Environmental analysis Establish organizational direction Strategy formulation Strategy implementation Strategic control
4 Key objective areas Market standing Innovation Productivity Resource levels Profitability Manager performance and development Worker performance and attitude Social responsibility
5 Strategic control Typically consists of three steps Monitoring performance Comparing performance to standards Taking corrective action where needed
1 Business Strategic Management Alokesh Banerjee.
Strategic Management Chapter 3 Establishing Organizational Direction: Mission & Objectives.
Principles of Management Learning Session # 25 Dr. A. Rashid Kausar.
Planning process Lecture 3. Planning and goals Planning is a generic activity. Planning process includes setting goals, developing plans and related activities.
Chapter IV Strategic Planning and Organizational Objectives 1.
ObjectivesObjectives 1.A definition of planning and an understanding of the purposes of planning 2.Insights into how the major steps of the planning.
© Prentice Hall, © Prentice Hall, ObjectivesObjectives 1.A definition of planning and an understanding of the purposes of planning.
Foundations of Chapter M A R K E T I N G Copyright © 2003 by Nelson, a division of Thomson Canada Limited. Marketing Strategy and the Marketing Plan 5.
1 Organizing, Implementing, Evaluating, and Controlling Marketing Activities Chapter 12.
Evidence Based Nursing: Development and Testing of an Organizational Configurations Theory Dr. R.H. van Linge Nursing Science.
©2007 Prentice Hall 12-1 Management Functions and Skills Chapter 12.
Business Strategy This is the pattern of decisions and actions that are taken by business to achieve its goals. The implications for the human financial.
Chapter 13 Project Management. Objectives After reading the chapter and reviewing the materials presented the students will be able to: Define and give.
Strategic Management u What is strategic management? u Strategic planning u Strategic implementation u Strategic control.
Marketing Instructor Abdel Fatah Afifi MA&T, MBA, PCT, ACPA 2 nd Semester 2009/2010.
Business policy and strategic Management Strategy and Strategic Management Strategic intent- Vision, Mission, goals and objectives SWOT Analysis.
Chapter 1 Marketing Strategy Chapter 1 Strategic Market Planning.
Corporate Governance. Strategic Control Strategic control the process of monitoring and correcting a firm’s strategy and performance Informational,
Strategic Business Planning for Commercial Producers How Do Goals and Objectives Implement My Strategy?
Chapter 10 Marketing Strategy Reformulation: The Control Process.
Principles of Management Learning Session # 26 Dr. A. Rashid Kausar.
Entrepreneurship 2.) Describe typical behavioral characteristics of an effective entrepreneur. – Identifying personal strengths and weaknesses to determine.
1 UNIT 3: THE STRATEGIC MANAGEMENT PROCESS. The formulation and implementation of strategies to achieve corporate success. –The Strategy Position The.
Basic Concepts of Strategic Management Chapter 1.
Samir K Mahajan, M.Sc, Ph.D.,UGC-NET Assistant Professor (Economics) Department of Mathematics & Humanities Institute of Technology Nirma University
Management, 7e Schermerhorn Chapter 8 Prepared by Michael K. McCuddy Valparaiso University John Wiley & Sons, Inc.
How Do Goals and Objectives Implement My Strategy?
Chapter 2 Strategic Planning in Contemporary Marketing Principles of Contemporary Marketing Kurtz & Boone.
What does Marketing Strategist Do?. Acts Strategically! 1. Develops Corporate Strategy: – Identify which products to offer? – Identify which markets (needs.
1 Marketing: Planning and Strategy. 2 Strategy: Definition A pattern of major objectives, goals, essential policies and plans that define the current.
Business Pressures, Organizational Responses, and IT Support.
Organizational Design, Diagnosis, and Development Session 2 Basic Concepts, Models & Effectiveness.
Chapter foundations of Chapter M A R K E T I N G Marketing Strategy and the Marketing Plan 5.
For use with Business in Context 6e by David Needle © 2015 Cengage Learning EMEA Ltd 1.0 THE CONCEPT OF BUSINESS IN CONTEXT What is business?
Prentice Hall, Inc. © STRATEGIC MANAGEMENT & BUSINESS POLICY 10 TH EDITION THOMAS L. WHEELEN J. DAVID HUNGER CHAPTER 12 Strategic Issues in Managing.
Charting a Company’s Direction Generate Vision and Mission (Ch. 2) Set Objectives to Achieve Vision (CH. 2) Develop Strategy to Achieve Objectives – Evaluate.
The Strategy of International Business. A firm’s strategy can be defined as the actions that managers take to attain the goals of the firm Typically,
Management by Objective (M.B.O) Management by results Goal management.
Understanding the Context l External Environment l Resources l History l Strategic Choices.
NEW MEXICO SCHOOL BOARDS ASSOCIATION LEADERS RETREAT Taos, New Mexico STRATEGIC PLANNING.
STRATEGIC PLANNING CHAPTER 9. Topics BOH4M- Chapter 9 Strategic Management Process Analysis of Mission, Values, Objectives, Organizational Culture.
Chapter 7, Stephen P. Robbins, Mary Coulter, and Nancy Langton, Management, Ninth Canadian Edition Copyright © 2009 Pearson Education Canada 7-6 Strategic.
1-1 © 2006 by Nelson, a division of Thomson Canada Limited 10/9/2015 Slides developed by: Peter Yannopoulos Chapter 1 Strategic Marketing Planning and.
Introduction: Every organization exist in the environment. So environmental factors such as customer, supplier, govt. policies & international condition.
Use with Luiz Moutinho & Geoff Southern (2010) Strategic Marketing Management. Andover: Cengage Learning EMEA ISBN © 2010 Cengage Learning.
1-1 Human Resource Management Gaining a Competitive Advantage Chapter 2 Strategic Human Resource Management McGraw-Hill/Irwin Copyright © 2008 by The McGraw-Hill.
Short-term or Immediate Goals Create a product Sell and / or distribute product Earn a profit Staff appropriately Fix problems Keep all the.
Planning Planning is the establishment of objectives, evaluation and selection of policies, strategies tactics and action required to achieve them. A Forecast.
Blue Ocean Strategy How to Create Uncontested Market Space and Make the Competition Irrelevant PEDRO COELHOSO By W. Chan Kim & Renee Mauborgne.
Entrepreneurship Chapter 9 - Selling Your Product.
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