STRATEGIC MANAGEMENT & BUSINESS POLICY 12TH EDITION THOMAS L. WHEELEN J. DAVID HUNGER Strategic Management: a set of managerial decisions and actions that determines the long-run performance of a corporation. Includes: • • • • Internal and external environment scanning Strategy formulation Strategy implementation Evaluation and control Pearson Education © 2010 1-2 Phases of Strategic Management: • • • • Phase Phase Phase Phase 1: 2: 3: 4: Basic financial planning Forecast-based
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17-1 CHAPTER 17 ANALYSIS AND INTERPRETATION OF FINANCIAL STATEMENTS Methods of Financial Statement Analysis Horizontal Vertical Analysis Analysis Common-Size Trend Ratio Statements Percentages Analysis 17-2 17-3 Horizontal Analysis Using comparative financial statements to calculate dollar or percentage changes in a financial statement item from one period to the next 17-4 Vertical Analysis For a single financial statement‚ each
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Strategic planning for company management has gotten more complex over the years. As times have changed‚ so have the various factors that a company may face throughout the years. Many things have changed‚ such as ethical concerns or issues‚ diversity issues‚ global nature concerns‚ and technological advances and innovations. Strategic managers have to be able to adapt their company to the constantly changing factor that the company may face. Strategic managers have to know what ethical concerns or
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NasionalCollege of Business Management and Accounting | | Course OutlineStrategic ManagementMGMB333/314 Special Semester‚ Academic Year 2012/2013 | Rusnita Bt Alimun (Quality Unit‚ Lobby Wisma/Tel: 09-455 3133/ Fax: 09- 455 2002)rusnita@uniten.edu.myDr.Mohd Zainal Munshid Bin Harun(AB-2-37/Tel: 09-455 2047)zainal@uniten.edu.my | | | * * Subject Synopsis While the successful day-to-day operation of a business demands sound human resource‚ financial‚ and information management practices‚ the
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Topic 1 – Strategic Leadership: Managing the strategy (H&J: Chapter 1) Actions in business are frequently directed at the achievement of superior performance‚ therefore a strategy can be defined as “an action a company takes to attain superior performance” (Hill and Jones‚ 2107). It is important to understand that this definition is one of many. Contrary to some views that there is one single definition of strategy‚ we argue that there is no such universally accepted definition and that
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How Tesla Motors can manage the extreme competition from large and premium manufactures Daniil Chaika (119102547) Workshop Tutor: John Davison SIM336 - Strategic Management Contents 1.0 Introduction ……………………………………………………………………………….3 2.0 Company Background………………………………………………………………….….3 3.0 PESTEL Analysis……………………………………………………………...…………..3 3.1. Political……………………………………………………………………………..3-4 3.2. Economic……………………………………………………………………………...4 3.3. Social………………………………………………………………………………….4 3.4. Technological…………………………………………………………………………4
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Chapter 9 THE FIXED PRICE KEYNESIAN MODEL The Keynesian Critique of the Classical Model Wages‚ prices and interest may be “sticky‚” or inflexible‚ so that markets may not always clear. The classical model assumed that wages were flexible enough so that labor markets always cleared; the price level was flexible enough so the product market always cleared; and real interest rates were flexible enough so that saving is always equal to investment so that the loanable funds markets cleared. Money
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Strategic management Definition of strategic management Strategic management is defines as the set of decision and action resulting in formulation and implementation of strategies designed to achieve the objective of an organization. It involves attention to following nine critical areas: 1. Determining the mission of the company‚ including broad statement about its purpose‚ philosophy and goals. 2. Developing a company profile that reflects internal condition of both capabilities. 3. Assessment
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Psychology Chapters 13.1-13.4 I. How Have Psychologists Studied Personality? Personality- The characteristic thoughts‚ emotional responses‚ and behaviors that are relatively stable in an individual over time and across circumstances Personality Trait- A characteristic; a dispositional tendency to act in a certain way over time and across circumstances Personality psychologists explore the influence of culture‚ learning‚ biology‚ and cognition. The notion of organization indicates that personality
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the gloabalized business‚ companies require strategic thinking and only by evolving good corporate strategies can they become strategically competitive. A sustained or sustainable competitive advantage occurs when firm implements a value – creating strategy of which other companies are unable to duplicate the benefits or find it too costly to initiate. Corporate strategy includes the commitments‚ decisions and actions required for a firm to achieve strategic competitiveness and earn above average returns
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