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12 Cards in this Set
- Front
- Back
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Why is strategic management important? 5 reasons.
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Provides Roles, Improves Performance, Is Systematic, Improves Coordination, Improves Focus
RPSCF |
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8 Elements of strategic management
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Analyze
Plan Organize Develop Implement Control Evaluate Change APDOICEC |
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3 Levels of strategy
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Corporate
Competitive Functional |
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Corporate
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What direction are we going and what business(es) are we in or do we want to be in?
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Competitive
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How are we going to compete in our chosen business(es)?
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Functional
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What resources and capabilities do we have to support the corporate and competitive strategies?
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Mission
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who we are
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Vision
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where do we want to go
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Strategic intent / BHAG
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major goal
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Strategy
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specific plan at different levels
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Ethics
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code of conduct or values
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3 Drivers of the New Business Environment
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Information revolution
Technological advances Globalization |
