NEW PERSPECTIVES ON STRATEGIC MANAGEMENT PROCESS Pop Zenovia Cristiana‚ Borza Anca Department of Management‚ Faculty of Economics and Business Administration‚ “Babeş-Bolyai” University of Cluj-Napoca‚ Romania zenovia.pop@econ.ubbcluj.ro anca.borza@econ.ubbcluj.ro Abstract: For developing economies the development of enterprises should be a strategic goal‚ this way of thinking may become viable only as a result of a combination of judicious analysis based on specific local economic aspects
Premium Strategic management Strategic planning
Strategic Management: Planning Strategic management can be used to determine an organization ’s mission‚ vision‚ values‚ goals‚ objectives‚ roles and responsibilities‚ etc. Strategic planning is a management tool. As with any management tool‚ it is used to help an organization do a better job. It is used to focus its energy‚ to ensure that members of the organization are working toward common goals‚ to assess and fine-tune the organization ’s direction in response to change. Essentially‚ strategic
Premium Management Strategic management Strategic planning
Benefits of Strategic management Following are the benefits of s-m. Financial benefits: �� Improved productivity �� Improved sales �� Improved profitability Research indicates that organizations using strategic-management concepts are more profitable and successful than those that do not. Businesses using strategic-management concepts show significant improvement in sales‚ profitability‚ and productivity compared to firms without systematic planning activities. High-performing firms tend
Premium Management Strategic management Organization
Strategic Management Evolution‚ 1985 – 2002: Controversies over Accounting Profitability Modern concept of Strategic Management started in the 50’s at Harvard Business School(Ghemawat‚ 2002; Hoskisson‚ Hitt‚ Wan‚ & Yiu‚ 1999). Even the first authors mentioned its basic ideas since the 30’s (Barnard‚ 1938)‚ the formalization of this new discipline is thanks to the work of Chandler (1962)‚ Ansoff (1965) and Andrews (1971). Since then‚ researchers had studied firms in order to understand their
Premium Strategic management Management
between Strategic Management and Leadership The strategic management process helps institutions identify what they intend to achieve and how they will accomplish outcomes. The term strategic management is used to refer to the entire decision-making process. Strategic management must evolve by predicting the future (more effective planning)‚ thinking strategically (increased responses‚ evaluation of strategic alternatives and dynamic allocation of resources) and creating the future (strategic planning
Premium Strategic management Management Leadership
18/08/2013 Cengage - Marketing Instructor Product Details Page - Strategic Marketing Management (1844800008) Enter author‚ title or keyword or Enter ISBN Online learning resources Create an Account | Sign in Home | Contact Us | Tech Support | Find Your Rep Australia | Change your country Cengage Learning > Marketing > Marketing Strategy Marketing Strategic Marketing Management‚ 1st Edition Luiz Moutinho - Glasgow University Geoff Southern - University of Glasgow ISBN-10: 1844800008
Premium Marketing Strategic management
of the strategic management process in determining overall enterprise performance? Strategic management process is defined as an organized way to perform calculated planning in the organization through initial measurement‚ systematic examination‚ strategy formulation‚ its realization and estimation. It also means a method by which managers choose a set of strategies for the business that will allow the method to accomplish better performance. The five components of the strategic management process
Premium Management Strategic management Strategic planning
[pic] SCHOOL OF BUSINESS‚ ENTERPRISE and MANAGEMET SESSION 2008/09 – DIET 1 Module: B3115 TITLE: Strategic Management Aims of the assessment: • To examine the role of strategic management in planning an organisation’s future development. • To develop knowledge and practice in the application of strategic management concepts and techniques. • To develop analytical‚ evaluative and enterprise skills/competences associated with the formulation of organisational
Premium Strategic management Management
Question 1 Which one of the following is not a major concern of strategic management? The marketing mix Question 2 Why is it important that objectives are measurable? Controlling strategy implementation and evaluating the outcomes of a strategy depend on being able to measure organisational performance against targets. Question 3 Achieving sustainable competitive advantage is an overriding objective of strategy in the not-for-profit sector. False Question 4 Corporate governance is concerned
Premium Strategic management Strategic planning
CMI Level 7: Strategic Leadership and Management Unit 7004: Strategic Information Management Table of Content What is Information Management | Page 3 | Importance of Information Sharing and Legal obligations for sourcing‚ storing and sharing information | Page 7 | Using Information for Strategic Decision Making | Page 14 | Monitoring and Reviewing Management Information | Page 17 | References | Page 19 | What is Information Management Information Management is the collection
Premium Knowledge management Decision theory Information systems