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    Strategic

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    STRATEGIC MANAGEMENT COURSE NOTES Pearce II and Robinson Jr (1997) define strategic management as “the set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company’s objectives”. Critical tasks: Formulate the company’s mission including broad statements about its purpose‚ philosophy and goals Develop a company profile that reflects its internal conditions and capabilities Assess the company’s external environment‚ including both the

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    RUNNING HEAD: STRATEGIC MANAGEMENT AND STRATEGIC COMPETITIVENESS 1 Strategic Management and Strategic Competitiveness XXXXXXXX Strayer University BUS 499 Business Administration Capstone XXXXXXXX April 18‚ 2013 STRATEGIC MANAGEMENT AND STRATEGIC COMPETITIVENESS 2 With offices in more than 30 countries‚ Red Hat‚ founded in 1993‚ is the world’s leading provider of open source solutions‚ using a community-powered approach

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    Explain why strategic analysis is necessary in the process of developing an appropriate strategy. Identify tools that are available to examine the external environment and discuss how and why they are used. Introduction Strategy is a high level plan in which to achieve one or more goals under conditions of uncertainty. It is very important because resources available to achieve these goals are usually limited. Strategy is often the difference between mediocrity

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    STRATEGIC CHOICE AND STRATEGIC DECISION MAKING Andy Adcroft STRUCTURE • Why do things happen? • Generic Strategies • Criticisms of generic strategies WHY DO THINGS HAPPEN? Norms and what has happened before Environment Analysis Roles and wider functions Creation of options Organisational Analysis What we want to achieve Emotions‚ power desires‚ goals Age and frequency of behaviours What I want from this job Habits‚ rituals and routines Social factors Decisions are taken and implemented

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    What is a Strategic Planning? It is a well written mission statement for any organization which drives its business towards its goals - be it profits‚ standards‚ market value‚ customer satisfaction? Can the plan be flexible or adaptable as many of you have discussed here? I believe that every organization need to follow the strategic intent in today’s ever changing world. There are some factors that can be predictable but many factors are not. An organization‚ in order to succeed need to have

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    WTBS Formation and Transition WTBS is a media company which developed from WTCG which was owned by a shrewd businessman and philanthropist Ted Turner in 1979. It underwent a series of stages before being branded WTBS. Ted turner was responsible for managing his father’s billboard business and owned several radio stations in Atlanta Georgia. Beetz in his article gives a clear revelation that it is after purchasing a low-rated UHF outlet that Ted changed the station’s call letters to WTCG (2016).

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    Strategic Models

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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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    Strategic Fit

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    STRATEGIC FIT – A STRATEGY TO ALIGN ORGANIZATION AND ENVIRONMENT Abstract This paper analyzes the term ‘strategic fit’ exactly means‚ types of strategic fit‚ necessities to focus on strategic fit‚ and most importantly how well an organization can align its resources & capabilities with the opportunities that exist in the external environment so as to achieve peak performance in the business. Strategy of Nestlé as an example to discuss how far it is true that effective strategic fit ensures organization’s

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    Strategic Intent

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    Strategic Intent – Article Summary By Gary Hamel and C.K. Prahalad Primary Information This article serves a purpose to illustrate some of the flaws that are currently used by western organizations in regards to strategic planning. In this article we see are shown the detriment of the methods in practice at the time of the article‚ and examples of alternative strategic approaches in use by Japanese firms which have allowed them to have sustained success. Strategic Intent and Characteristics

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    Strategic Group

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    A strategic group is a concept used in strategic management that groups companies within an industry that have similar business models or similar combinations of strategies. For example‚ the fast-food industry can be portrayed as consisting of several strategic groups. The number of groups within an industry and their composition depends on what dimensions you use to define the groups. Strategists often use a two dimensional grid to display the position of each company along to the two most important

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