Strategic Direction The role of strategic direction is to decide the end purpose of the organization. How the organization gets to the “end purpose” is through goals and strategy development (strategic planning). Organizational design functions to carry out the administration and execution of the strategic plan and as such‚ the organizational structure must support the strategic direction. (Daft 54-55). An organization that embarks on an organic open systems strategy that requires learning and
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PGD- (BTEC-Level-7) Extended diploma in Strategic Management & Leadership Assignment Unit Title - 10: Strategic Human Resource Management PGD- (BTEC-Level-7) Extended diploma in Strategic Management & Leadership Assignment Brief Unit Title - 10: Strategic Human Resource Management Lecturer: ....................... Date of issue: ................................. Start Date: ................................. Draft: ........................................ Submission Date: ....................
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|Program Evaluation: An Essential Tool in Strategic Planning|May 13 | | |2013 | |Program evaluation is one of the most essential elements of strategic thinking and planning. By |Using Program Evaluation to improve | |definition program evaluation is the systematic assessment of the
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Very simply put‚ strategic planning identifies where the organization wants to be at some point in the future and how it is going to get there. The "strategic" part of this planning process is the continual attention to current changes in the organization and its external environment‚ and how this effects the future of the organization. Skills in strategic planning are critical to the long-term success of your organization. This form of planning includes: a) Taking a wide look around at what
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STRATEGIC PLAN Why Strategic Planning is Important Strategic Planning – Why should an Organization consider it? After all a Strategic Plan can be formal Eg.‚ In a small Organization the owner / CEO develops a Plan in his mind and communicates it to all the employees in a clear manner‚ where the employees know the Goals and Approach to achieve them which could be considered an Informal Plan could be successful at times. Nevertheless as an Organization grows a need for a systematic Strategic Plan
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Strategic management consists of the analysis‚ decisions‚ and actions an organization undertakes in order to create and sustain competitive advantages. This definition captures two main elements that go to the heart of the field of strategic management. First‚ the strategic management of an organization entails three ongoing processes: analysis‚ decisions‚ and actions. That is‚ strategic management is concerned with the analysis of strategic goals (vision‚ mission‚ and strategic objectives) along
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with greater intensity than before. To remain competitive in the long run the enterprises needs to meet these environmental changes. However‚ the changes in the environment will become increasingly difficult to foresee. A multitude of management concepts has been developed to provide managers with better receipts to meet this changing business environment and the problems that arise (Pfeifer‚ Schmitt‚ & Voigt‚ 2005). This challenges the enterprises to meet and conquer upcoming situations with the
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markets (Hitt‚ Ireland & Hoskisson‚ 2013). This is accomplished through a strategic alliance where firms share‚ exchange and combine resources and capabilities to generate a competitive advantage (Hitt‚ et al.‚ 2013). Complementary strategic alliance is the most effective technique when acquiring and sustaining a competitive advantage (South University‚ 2013). Hitt‚ Ireland & Hoskisson defines complementary strategic alliances as “business-level alliances in which firms share some of their resources
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What is strategic management? The set of managerial decisions and actions that determines the long-run performance of an organisation. Strategic management Robbins‚ Bergman‚ Stagg‚ Coulter: Management 4e © 2006 Pearson Education Australia 4 Robbins‚ Bergman‚ Stagg‚ Coulter: Management 4e © 2006 Pearson Education Australia 5 Why strategic management is important 1. 2. The strategic management process It results in higher organisational performance. It requires that managers
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Market-Oriented Strategic Planning Kotler on Marketing It is more important to do what is strategically right than what is immediately profitable. Chapter Objectives In this chapter‚ we examine the following questions: How strategic planning is carried out at the corporate and division levels? How is planning carried out at the business unit level? What are the major steps in the marketing process? How is planning carried out at the product level? What does a marketing plan include? Strategic Planning
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