2 BUSINESS POLICY AND STRATEGIC MANAGEMENT Learning Objectives • • • • • Learn what business policy and strategy is all about. Know the framework and importance of strategic management. Know the strategic management process. Have an understanding of corporate vision and mission. Learn how strategy operates at different levels of the organization. Without a strategy the organization is like a ship without a rudder. Joel Ross and Michael Kami Strategic management is not a box of tricks or a bundle
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Unilever Unilever’s mission is to add Vitality to life. Unilever meet everyday needs of nutrition‚ hygiene and personal care with brands that help people feel good‚ look good and get more out of life Lever brothers started the company called Unilever in the year 1929 in Sao Paulo. Unilever has achieved a market capital of $56 billion with 300‚000 employees in 150 countries with 45 different brands. In 1930 Unilever launched their first detergent soap named sunlight soap. OMO detergent powder
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The IOI Group: Creating a Malaysian Palm Oil Multinational The case discusses the story of the IOI Group‚ one of the largest palm oil players in Malaysia‚ which has seen rapid growth in the past two decades. Family-controlled since 1982‚ the IOI Group’s main businesses initially were property and palm plantations. As a relative latecomer in the palm oil industry‚ it grew both organically and through acquisitions‚ and‚ in 2010‚ had sales of about US$4.3 billion and employed 30‚000 people. Over the
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Towards an Entrepreneurial University d i n o a r nau t Master’s Student at the University of Zenica‚ Bosnia and Herzegovina t h e t r a n s f o r m at i o n of a traditional research university into an entrepreneurial university is a current phenomenon‚ and the number of such transformations is increasing due to the reduction in the university funding from government sources and the emergence of a competitive market for education and research. If universities do not become agents of innovation
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Hammond/Design Pics/Corbis Strategic Management Inputs Strategic Management and Strategic Competitiveness‚ 2 The External Environment: Opportunities‚ Threats‚ Industry Competition‚ and Competitor Analysis‚ 32 The Internal Organization: Resources‚ Capabilities‚ Core Competencies‚ and Competitive Advantages‚ 68 Strategic Management and Strategic Competitiveness Studying this chapter should provide you with the strategic management knowledge needed to: 1. Define strategic competitiveness‚ strategy
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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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an organization is firmly bounded to the quality of operational decisions at the strategic level. Business intelligence (BI) software is applied at three different levels in the enterprise: strategic‚ tactical and operational. At the strategic level‚ BI provides performance metrics to management and executives‚ often in conjunction with a formal management methodology such as Balanced Scorecard or Six Sigma. Strategic business intelligence‚ one of the latest crazes‚ is generally called performance
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Strategic Planning {What is it? How do you do it?} 2008 Table of Contents Page Content 3-4 Introduction 5 Section 1: The “What” of Strategic Planning 6 Why should departments and agencies plan strategically? 7-8 Section 2: The “How” of Strategic Planning 9-10 How do I gather data and where do I get it from? 11 Participant Selection 12 Survey/focus group question development 12-14 Core Values Development 15-17 Organizational
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Strategic Management SUPER SUMMARY Written by: Bhavin Pathak (Student‚ CA-IPCC‚ Arihant Institute Pvt. Ltd.) Features: Full coverage of IMP aspects of Strategic Management Summarized and conceptual Based on Study Material of ICAI Easy to remember format Point-to-point approach towards subject Diagrams and charts given wherever required Useful for LMR (Last Minute Revision) 1 STRATEGIC MANAGEMENT INDEX 1. 2. 3. 4. 5. 6. 7. TOPIC Business Environment Business Policy & Strategic
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chapter 1 Fundamentals of Strategic Management 1 chapter 1 Fundamentals of Strategic Management W hat do Circuit City‚ Washington Mutual‚ Saab‚ Blockbuster‚ and Borders have in common? All of these recognized companies filed for bankruptcy during the past several years. While the situation surrounding each firm is different‚ all of them failed to meet various strategic challenges. Put another way‚ organizations typically do not succeed or fail randomly. Some plan‚ prepare‚ and
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