Strategic Management
Table of Contents Step 1: Identify the Firm’s Existing Vision, Mission, Objectives, and Strategies 2 1.1 Dell’s Vision 2 1.2 Dell’s Mission 2 1.3 Dell’s Objectives 2 1.4 Dell’s Strategies 2 Step 2: Develop Vision and Mission Statements for the Organization 2 2.1 Dell’s Proposed Vision 2 2.2 Dell’s Proposed Mission 3 Step 3: Identify the Organization’s External Opportunities and Threats 3 3.1 Opportunities 3 3.2 Threats 5 Step 4: Construct a Competitive Profile Matrix (CPM) 7 Step 5: Construct an External Factor Evaluation (EFE) Matrix 8 Step 6: Identify the Organization’s Internal Strengths and Weaknesses 9 Step 7: Construct an Internal Factor Evaluation (IFE) Matrix 10 Step 8: Prepare a Strengths-Weakness-Opportunities-Threats (SWOT) Matrix, Strategic Position and Action Evaluation (SPACE) Matrix, Boston Consulting Group (BCG) Matrix, Internal External (IE) Matrix, Grand Strategy Matrix and Quantitative Strategic Planning Matrix (QSPM as Appropriate. Gives Advantages and Disadvantages of Alternative Strategies 11 8.1 SWOT Matrix 11 8.2 SPACE Matrix 14 8.3 BCG Matrix 15 8.4 IE Matrix 16 8.5: The Grand Strategy Matrix (GSM) 18 8.6 The Quantitative Strategic Planning Matrix (QSPM) 20 8.7 Advantage and Disadvantages of alternative Strategies. 23 Step 9: Recommend Specific Strategies and Long-term Objectives. Show How Much Your Recommendations Will Cost. Clearly Itemize These Costs for Each Projected Year. Compare Your Recommendations to Actual Strategies Planned by the Company 25 9.1 Recommend specific strategies 25 9.2 How much recommendation will cost 26 9.3 Itemize costs projected each year 26 9.4 Compare Recommendation to actual strategies planned by company 27 Step 10: Specify How Your Recommendations Can Be Implemented and What Results You Can Expect. Prepare Forecasted Ratios and Projected Financial Statements. Present a Time-table or Agenda for Action. 28 10.1 Recommendations 28 10.1.1 Focus on
References: David, F. R. (2013). Strategic Management; Concepts and Cases (14th ed.). United States of America: Pearson Education.