We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
supports HTML5 video
Modified over 4 years ago
STRATEGIC MANAGEMENT & BUSINESS POLICY 12TH EDITIONTHOMAS L. WHEELEN J. DAVID HUNGER
Strategic Management: a set of managerial decisions and actions that determines the long-run performance of a corporation. Includes: Internal and external environment scanning Strategy formulation Strategy implementation Evaluation and control Prentice Hall, Inc. ©2009
Benefits of Strategic Management:Clearer sense of strategic vision for the firm Sharper focus on what is strategically important Improved understanding of a rapidly changing environment Prentice Hall, Inc. ©2009
Additional Benefits of Strategic Management:Improved organizational performance Achieves a match between the organization’s environment and its strategy, structure and processes Important in unstable environments Strategic thinking Organizational learning Prentice Hall, Inc. ©2009
Prentice Hall, Inc. ©2009
Prentice Hall, Inc. ©2009
Impact of Globalization:Globalization: the integration and internationalization of markets and corporations Prentice Hall, Inc. ©2009
Impact of Environmental Sustainability:Environmental Sustainability: the use of business practices to reduce a company’s impact on the natural, physical environment Prentice Hall, Inc. ©2009
Triggering event: something that acts as a stimulus for a change in strategy and can include:New CEO External intervention Threat of change of ownership Performance gap Strategic inflection point Prentice Hall, Inc. ©2009
What Makes a Strategic Decision?Strategic decision making focuses on the long-run future of the organization Characteristics of strategic decision making include: Rare Consequential Directive Prentice Hall, Inc. ©2009
Strategic audit provides a checklist of questions, by area or issue, that enables a systematic analysis to be made of various corporate functions and activities Prentice Hall, Inc. ©2009
CHAPTER 9 Strategy Implementation: Organizing for Action
CHAPTER 5 Internal Scanning: Organizational Analysis
CHAPTER 1 Basic Concepts of Strategic Management
CHAPTER-01 BASIC CONCEPTS OF STRATEGIC MANAGEMENT (SM)
Basic Concepts of Strategic Management
STRATEGIC MANAGEMENT & BUSINESS POLICY 12TH EDITION
© 2007 by Prentice Hall1-1 Chapter 1 Meeting Present and Emerging Strategic Human Resource Challenges.
STRATEGIC MANAGEMENT & BUSINESS POLICY 12 TH EDITION THOMAS L. WHEELEN J. DAVID HUNGER.
Prentice Hall, Inc. © STRATEGIC MANAGEMENT & BUSINESS POLICY 11 TH EDITION THOMAS L. WHEELEN J. DAVID HUNGER CHAPTER 1 Basic Concepts of Strategic.
CHAPTER 1 Basic Concepts of Strategic Management (continued)
Chapter 1 The Nature of Strategic Management
Copyright ©2010 Pearson Education, Inc. publishing as Prentice Hall 1-1 Chapter 1 Meeting Present and Emerging Strategic Human Resource Challenges.
Ch Copyright 2007 Prentice Hall Chapter 1 The Nature of Strategic Management Strategic Management: Concepts & Cases 11 th Edition Fred David.
Introduction to Strategic Management Successfully formulate and implement value-creating strategy Based on (sustainable) competitive advantage To earn.
Strategic Management. What is Strategic Management? The set of decisions and actions that result in the formulation and implementation of plans designed.
© 2019 SlidePlayer.com Inc. All rights reserved.