VERIFIED ANSWERS
\.How it differs - ANSWERS✔-traditional model
- inward focus (insulated from outside sources)
- short-term perspective (who accountable to= limited timeline= administrators do
what executive officials say)
public management
- brings focus to longer terms & external environment
---external env. (itself & env. operating in open system)
---longer focus= plans look in advance, 5-10 yrs in future.
\.define and differentiate strategic management from strategic planning -
ANSWERS✔-strategic planning- is a formalized process by which an org. makes a
study/plan of its visions for the future.
strategic management- the integration of the strategic plan in all management
systems, Concerned with long-term -Interpreting environmental conditions and
designing the organization's systems to foster success.
- differences: - "Strategic planning" is focused on making optimal strategy
decisions, while "strategic management" is focused on producing strategic results:
new markets, new products and/or new technologies.
,- strategic management is more comprehensive, instead of just drawing up a plan,
it aims at integrating planning with all the other parts of the org, aiming to extend
the vision.
- strategic management is also about implementation & organizational culture
whereas strategic planning is about coming up with a strategy.
- management has to manage the actual situations whereas the plan is a tool used
to help them in their decision-making.
\.key terms - ANSWERS✔-strategy
- concerned w long term
- interpreting environmental conditions and designing the organizations systems
to foster success.
strategic planning
\.strategic planning - ANSWERS✔-a formalized process by which an org. makes a
study of its visions for the future.
- a set of concepts, procedures, and tools designed to help leaders, managers, and
planners think and act strategically.
\.strategy entails: - ANSWERS✔-- executive leadership (supports activity, want to
do this)
- incremental adjustments (change on fly b/c dynamics change)
- articulation & dissemination of vision (communicate vision so every on board)
- alignment (everyone=same direction)
, \.strategic management - ANSWERS✔-a process about long-term thinking and the
integration of strategic planning in all management systems.
- understanding external market opportunities and challenges while creating
service delivery systems to address the needs & interests of multiple stakeholders.
\.purpose of strategic management - ANSWERS✔-management focus that
accounts for changes in the environment & the organizations place within it.
- technology (donations via internet)
- markets for services (vaccine hold out)
- funding sources (grants)
- competition (this vs. that)
\.4 principles of strategic management - ANSWERS✔-- concern w/ long-term
- integrating goals/objectives into a coherent hierarchy
- the process is not self-implementing
- external perspective
- aware of political authority
\.key areas of consideration - ANSWERS✔-implementation
- stakeholders/political context
organizational culture
- public orgs., status quo
complete change of culture