Summary Strategic Management PART A STRATEGIC ANALYSIS Lesson 1 Strategic Schools of Thought and Strategic Discourse Strategy is the long-term direction of an organisation. Strategy and marketing are alike but they have different purposes. The importance of a long-term perspective on strategy is emphasised by the three horizons framework. It suggest that every organisation should think of itself as comprising three types of business or activity‚ defined by their horizons in terms of years
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ENVIRONMENT (PART-1) COMPONENTS OF BUSINESS ENVIRONMENT 1. INTRODUCTION Hello! Students‚ welcome to series on business environment. The topic of this lecture is Components of Business Environment. The objectives of this lecture are to make you understand the meaning of business environment‚ relationship between business and business environment‚ characteristics of business environment and to study the various components of the business environment. In the last lecture we studied that internal
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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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Ques 1:- “Strategy” and “Strategic Planning” is something that is done once a year which results in a report. Others think it is market position‚ operational effectiveness or an idea or business model. Strategy is choosing to perform different activities that can be preserved and that will provide a sustainable competitive advantage. It is a mental exercise. It is a way of thinking about the world and approaching business. Strategic planning is a process to produce innovative and creative ideas
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Using SWOT Analysis To Understand The Institutional Environments: A Guide For Can Tho University Luu Nguyen Quoc Hung Can Tho University‚ Vietnam Abstract Strategic planning has become the practical approach to organizational management in most of organizations in the new era‚ when the world has undergone major social‚ political‚ economic‚ technological and demographic changes. Like other organizations‚ in this hyper-competitive world‚ universities have to analyze their environments both internally
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Limkokwing University of creative studies Supply Chain Management Table of content 1) Acknowledgment …………………………………………………….. 2) Background of Company…………………………………………….. 3) Value Chains of the Company ………………………………………. 4) Supply Chain issue of the company…………………………………. 5) Conclusion……………………………………………………………. Acknowledgment First our thanks go for our beloved God almighty for giving me the knowledge to achieve this work therefore‚ our best appreciations and respect go to Marni
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finance or production or marketing case which presents material primarily on one functional area only‚ a strategic management case takes a wholistic view of corporate operations from the perspective of the firm’s board of directors and/or its senior executives. Are there different types of case studies? The answer here is "yes"! In general‚ there are three types of strategy-oriented case studies. The first type is the problem-oriented case study. In these cases‚ senior management is faced with a set
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Lee Bus 105 Kimberly McDuffie Strategic Management May 9‚ 2013 Miller-Motte College Online Strategic Management I. Introduction: I choose this topic because Strategic Management is a way in which strategists set the objectives and proceed about attaining them. It deals with making and implementing decisions about future direction of an organization. It helps us to identify the direction in which an organization is moving. I believe that strategic management should be something that every
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Apollo Group‚ Inc. 2 0 11 A n n u A L R e P O R t be... engaged focused committed accountable dedicated educated innovative informed connected supported empowered inquisitive valued effective impactful Since 1973‚ Apollo Group has been creating opportunities for students and employees to reach their full potential‚ while enriching society as a whole. Today‚ Apollo Group continues to strengthen its position as a leading provider of high quality‚ accessible education for individuals
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INTRODUCTION Cromā is an Indian retail chain for consumer electronics and durables. Tata Group company Infiniti Retail runs Cromā stores in India. Presently‚ there are a total of 42 Cromā and 5 Cromā Zip stores in India. The stores are spread across the states of Maharastra (Mumbai‚ Pune‚ Aurangabad)‚ Gujarat (Ahmedabad‚ Rajkot‚ Surat‚ Vadodara)‚ Delhi NCR‚ Karnataka (Bangalore)‚ Tamil Nadu (Chennai) and Andhra Pradesh (Hyderabad). The Cromā Zip stores is an outlet for portable electronic items
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