STRATEGIC PLANNING Importance of Strategic Planning 2 Roles and Responsibilities 3 Governing Board Strategic Planning Committee Chief Executive Officer Medical Staff Department Heads Patients and Community Planner Consultants The Steps of Strategic Planning 5 Get Organized Perform an Environmental Assessment The Internal Assessment The External Assessment Develop a Vision Review the Mission Statement Develop Strategies Goal Approach Critical Issues
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Strategic Management Fred R David (1997) states that strategic management can be defined as the art and science of formulating‚ implementing and evaluating cross functional decisions that enable the organisation to achieve its objectives. νAs the definition suggests‚ strategic management focuses on integrating management‚ marketing‚ finance/accounting‚ production/operations‚ research and development and computer information systems to achieve organizational success νStrategic management is a
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between the planning/design/positioning schools of strategic management and the resource based view? Define the planning of strategic management: Strategic planning can be defined as a process of organization that defining its strategy‚ direction‚ and making decision about resource to pursue its strategy. For the defining organization’s direction‚ its must be understand the current position and find out the way to making it successful. Generally‚ strategic planning must be including one of three key
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DEPARTMENT OF BUSINESS MANAGEMENT STRATEGIC PLANNING (MNG301-A) Module Overview: Topics 1-7 2013 Semester 2 1 Open Rubric Contents 1. Administrative matters 2. Course overview per topic 3. Interactive exercises 4. Upcoming examination 5. Time out! 2 Administrative matters Lecturers: Mr. SK Bhoya Mrs. NV Moraka -Contact details: (012) 429-4220 or Busman@unisa.ac.za Assignments: Two Compulsory assignments due dates: 12 September 2013 and 03 October 2013
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organization of your choice”. Strategic management is a multi faced and vast area of study with many theorists presenting differing views as to what is crucial to the successful formulation of strategy. This essay will present an explanation of the internal capacity of leveraging resources and competences and show how they are creating competitive advantage. This will be illustrated through the identification of the key drivers of competitive advantage. A strategic capability analysis of an organisation
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CHAPTER 6 STRENGTHENING A COMPANY’S COMPETITIVE POSITION: STRATEGIC MOVES‚ TIMING‚ AND SCOPE OF OPERATIONS © 2013 by McGraw-Hill Education. All rights reserved. 6–1 1. Learn whether and when to pursue offensive or defensive strategic moves to improve a firm’s market position. 2. Recognize when being a first mover or a fast follower or a late mover is most advantageous. 3. Become aware of the strategic benefits and risks of expanding a firm’s horizontal scope through mergers and acquisitions
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Strategic Problems Improving Microsoft’s standing as an innovator Over the past few years‚ Microsoft has been suffering from their reputation as a follower since Apple and Google have taken the lead in the world of smartphones and tablets. Microsoft’s Xbox business keeps them ahead in the gaming industry (34% market share) which will keep them relevant and afloat in the 13-30 age demographic‚ but the company overall could use an upgrade in its reputation as a cutting-edge innovator. One key will
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Strategic Management Introduction - “Strategic Management is the management of an organization’s overall purpose‚ to ensure that the needs and enablers of the present are balanced with those of the future.” (Witcher & Chau 2010‚ P.6) In another word‚ it is the overall management of strategy in order to match and obtain the future long-term purpose and objectives. The main application is to achieve and sustain competitive advantages to enable an organization to compete effectively with rivals which
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STRATEGIC CONTROL- ERIK TREFFTZ Strategic Control refers to the activity of analysis and surveillance of the Strategic Planning. Its main objective is to monitor and implement corrective measures when facing any kind of deviation in the original Strategy‚ after comparing it with the Strategic Standards‚ and thus granting the good-riddance of the company´s targets. It works through the establishment of reference points‚ rules‚ methods and devices that allow to measure the development efficiency
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Strategic Planning (ExxonMobil) Abstract Location‚ location‚ location – this seems to be one of the oldest cliché concerning items from retail to widgets. Having the right products in the right place‚ the right form of outlet‚ eager customers and you have the profits just rolling in. This is true even in the petroleum sector. Having the right road‚ great traffic flow and a well-positioned location and Bingo!-Profits just rolling in. This paper is about number one of the world’s multinational
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