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Summary SM CHART AND NOTES

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a summary of SM CHART AND NOTES

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Strategic Management
Introduction


Strategy



Strategic Management



Strategic Management Framework



Vision



Objectives & Goals



Mission



Strategic Intent



Strategic levels in an organisation

, Strategy


Action plan to meet an objective.
Three important knowledge




Uncertainty of Likely behaviour of
Goal
events others




3. 4.
Dealings with Well defined
customers and roadmap of
competitors organisation



2. 5.
Long term Allocation of
developments resources




1. Features of
Foresightedness 6.
for uncertain
Strategic Future oriented
events Management

, Characteristics of Strategy



Long term direction




Bring in competitive advantage




Create core competencies




Matching the resources with the activities




Consequences of Strategy




Demand’s Integrated Changes inside the
Complex Uncertain
approach organisation

, Strategic Management

Meaning




Developing Strategy Evaluation and
company’ vision formulation control




Environmental Strategy
scanning Implementation




Advantages Disadvantages

Discharges board responsibilities Time Consuming


Forces an objective assessment Uncertainty results


Supports Buy In and Understanding Lacks flexibility


Performance Measurement Long term benefits Vs Immediate results

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Number of pages
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Written in
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Type
SUMMARY

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