Value of Strategic management: * Managers must manager internal activities along with responding to problems posed by the immediate and remote external environments * Immediate external environment: competitors‚ suppliers‚ increasingly scarce resources‚ gov agencies‚ regulations‚ shifts in customer preference * Remote external: economic‚ social‚ political‚ technology‚ * Must be anticipated monitored‚ assessed and incorporated into decision making * Strategic management-
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Why is strategic management important to a corporation? For many years‚ businesses have been failing and this failure has been attributed to the inability of managers to strategically manage business processes and operations. As a result of these failures‚ more business managers are paying keen attention to strategic management because of its importance to the continuity of a business. Strategic management is a strategy that is focused on long-term planning within an organization that takes into
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EFFECTS OF STRATEGIC PLAN IMPLEMENTATION ON ORGANIZATIONAL PERFORMANCE: A CASE STUDY OF NAKURU WATER AND SANITATION SERVICES COMPANY (NAWASSCO) MUKIRA NEWMAN GITONGA GMB/NE/0076/01/11 A Research Project Submitted to the School of Business in Partial Fulfillment of the Requirements for the Award of the Degree of Masters in Business Administration‚ (Strategic Management) KABARAK UNIVERSITY JUNE‚ 2013 DECLARATION This project is my original work and has not been presented for a degree in any other
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Matix 5. Strategic issues based on External Factors V. Company Analysis 1. Vision Mission of the Company 2. Internal Audit 3. Mckinsey 7 S Framework 4. Strategic Issues based on Internal Factors VI Strategy Formulation 1. SWOT Matrix 2. SPACE Matrix 3. Internal-External Matrix 4. GRAND Strategy Matrix 5. Summary of Strategies 6. Quantitative Strategic Planning Matrix VII. Objectives and Strategies 1. Financial and Strategic Objectives
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This report presents the meetings that have taken place here at CanGo. For the short time I have been observing I have learned that CanGo is a small company but is one of the fastest growing companies around. During the meetings none of the staff members talked about the effects that online gaming would have. Furthermore‚ staff didn’t ask opinions on the online gaming topic they also didn’t speak about price of stock or how it contribute to the overall strategy. Some employees would like to see
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Mandate for Strategic Management Liberty industries‚ a firm founded in 1964‚ specialized in wooden package products‚ such as pallets‚ and was only a tiny three-person organization for nearly a decade. By 1987‚ however‚ the firm’s sales grew by a factor of 20 approaches $20 million a year". The planning system that had always been effective was no longer adequate to meet the challenges facing the organization. t With the help of consultant‚ the firm developed a nine-step planning process:
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performance (Hill & Jones‚ 2007). A company’s strategy in undertaken by top management to improve the company’s efficiency and effectiveness to gain a competitive advantage over other companies in the same competitive field. Therefore a company’s strategic planning process can assist them in gaining a competitive advantage. Thompson‚ Strickland & Gamble (n.a) explained ‘a company’s strategy is managements game plan for growing the business‚ staking out a market position‚ attracting and pleasing customers
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my own‚ carried out personally. All sources of information‚ including quotations‚ are acknowledged by means of reference‚ both in the final reference section‚ and at the point where they occur in the text. Topic of Dissertation Scenario planning in airline industry. An Abstract The Airline industry is one of the forces of globalization processes in the world economy and it is hard to imagine todays life without business and tourist trips‚ as well as transportation of goods
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between HRM and strategic management of the organization‚ was a paradigm shift. The strategic business partner model emphasized the proper integration or fit of HR practices with the business strategies of the organization‚ to generate a competitive advantage. Vertical link between business strategy and HR strategies and horizontal links among HR strategies Strategic Human Resource Management is the practice of aligning business strategy with that of HR practices to achieve the strategic goals of
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a company. Solution: CanGo needs to find out what market they want to be in and also figure out what market they want to be in‚ and where they see themselves going as a company and what values they have. 2. CanGo did not approach the strategic planning correctly for the online gaming. They discussed going into a new market with no prior knowledge of how the market operates. They also do not have the proper staff to begin the new business venture. Solution: I think that CanGo should do more
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