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Summary SM CHART AND NOTES
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Strategic ManagementIntroduction
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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