1. Strategic Management in Action: Final Analysis
Group 2: Andrew Maale, Kristy Strong, John White

2. Why Strategic Management is important
Ch. 1

3. Strategic Management
Organizations are constantly faced with changing situations both internally( capabilities/resources) and externally( opportunities/threats) and are still expected to meet a certain level of output.
SM process
Situation analysis- current situation
Strategy Formulation- designing
Strategy Implementation- action
Strategy Evaluation- revisit and check
Who’s involved
The board of directors
The top management team
Other strategic managers and organizational employees

4. Competitive Advantage Ch.2 Resource Based View
Organizational resources as competitive advantage
Does it add value?
Is it rare?
Can firm exploit it?
Is it hard to duplicate/substitute

5. Drivers of the new business environment
Information revolution Technology Globalization
Critical success factors
Ability to embrace change
Creativity and innovation capabilities
Being a world class organization

6. External analysis Ch.3
Scanning and evaluating an organizations external environment
Opportunities/threats
Source of information/resources
Environmental uncertainty (dynamic or stable)
Specific environments
General environments

7. Internal Analysis
Process of evaluating an organization’s resources and capabilities.
It is the only way to identify organization’s strengths and weaknesses
It is needed for making good strategy decisions.

8. Functional Strategies
Goal-directed plans and actions of the organization’s functional areas.
The Product
The People
The Support Processes

9. Corporate Strategy
Strategy concerned with the choices of what business/businesses to be in and what to do with them.
Single-business organizations
Multiple-business organizations
The competitive strategy and various functional strategies are aligned with the overall direction that strategic managers have chosen for the organization and are being implemented.

10. Importance of Competitive Planning
Competitive Environments are Inevitable
Creating a Blue Ocean might not always be cost effective
Sometimes forming a competitive strategy is more efficient
Battle of Thermopylae

11. Battle of Thermopylae Best Possible use of Forces
Pass at Thermopylae was ideally suited to the Greek style of warfare
Greeks competitive strategy allowed them to take away the Persians quantitative advantage, to allow their strength to shine through, and their weaknesses covered up.

12. Strategic Management: Not Just for Business Management?
Good to Great touches on this in Ch. 1
Education; Politics; Not For Profits
Applying these concepts and measuring concepts in terms other than economic.
Education = Graduation Rates & Test Scores
Politics = ???
NFPs = Consistency of Short Term & Long Term Goals Achieved