Strama Article

The Nature of

Strategic

Administration

Chapter 1

Chapter Aims

1 .

2 .

3.

4.

Describe the strategic-management process.

Explain the advantages of integrating analysis and

pure intuition in tactical management.

Establish and give examples of key terms in

strategic management.

Discuss the size of strategy formulation,

implementation, and evaluation actions.

Copyright ©2013 Pearson Education, Inc. creating as Prentice Hall

1-2

Chapter Targets (cont. )

5.

6.

7.

Describe the benefits of great strategic

management.

Discuss the relevance of Sun Tzu's The Art of

War to strategic management.

Go over how a company may attain sustained

competitive advantage.

Copyright ©2013 Pearson Education, Incorporation. publishing as Prentice Hall

1-3

Understanding Strategic Managing

 Strategic management

 the fine art and scientific research of formulating,

implementing, and evaluating crossfunctional decisions that enable a business to achieve it is objectives

Copyright ©2013 Pearson Education, Incorporation. publishing since Prentice Area

1-4

Determining Strategic Management

 Strategic management is employed

synonymously together with the term strategic

planning.

 Sometimes the term strategic

supervision is used to relate to approach

formulation, rendering, and

analysis, with ideal planning

referring only to strategy formulation.

Copyright ©2013 Pearson Education, Inc. publishing as Prentice Lounge

1-5

Identifying Strategic Managing

 An organized plan is actually a company's video game

plan.

 A strategic strategy results from hard

managerial selections among many

good alternatives, and this signals

commitment to specific markets, guidelines,

procedures, and operations.

Copyright laws ©2013 Pearson Education, Inc. publishing because Prentice Hall

1-6

Phases of Strategic Management

Copyright ©2013 Pearson Education, Incorporation. publishing as Prentice Lounge

1-7

Levels of Proper Management

 Strategy formula

 involves developing a vision and objective,

identifying an organization's exterior

opportunities and threats, determining

internal abilities and failings,

establishing long term objectives, making

alternative strategies, and deciding on particular

ways to pursue

Copyright ©2013 Pearson Education, Incorporation. publishing as Prentice Lounge

1-8

Approach Formulation

 Deciding what new businesses to,

 What businesses to abandon,

 How to set aside resources,

 Whether to expand procedures or

shift,

 If to enter international markets,

 Whether to merge or perhaps form a joint venture,

 How to avoid a hostile takeover.

Copyright ©2013 Pearson Education, Inc. publishing as Prentice Hall

1-9

Stages of Strategic Management

 Technique implementation

 requires a organization to establish annual objectives,

develop policies, encourage employees, and

allocate resources so that developed

strategies could be executed

 often called the action level

Copyright ©2013 Pearson Education, Inc. publishing as Prentice Hall

1-10

Stages of Strategic Managing

 Approach evaluation

 reviewing exterior and inside factors that

are the basics for current strategies,

calculating performance, and taking

further actions

Copyright ©2013 Pearson Education, Inc. publishing because Prentice Lounge

1-11

Phases of Tactical Management

 Strategy ingredients, implementation,

and evaluation actions occur for three

hierarchical levels within a large organization:

corporate, divisional or strategic business

device, and functional

 Tactical management allows a firm

function as a competitive team

Copyright ©2013 Pearson Education, Inc. posting as Prentice Hall

1-12

Integrating Pure intuition and Analysis

 The majority of organizations can benefit from

strategic supervision, which is based

upon including intuition and analysis in

decision making

 Intuition is particularly useful for producing

decisions in case of of great

uncertainness or little precedent

Copyright laws ©2013 Pearson...



Adult Education is very important Article

Related

Category

News