Flashcards
1 The Strategic Management Process
Cards in this deck (7)
- 1Intro to SM1. Managers should realise they can influence the competitive landscape
2. Managers, must view the world how it could be, & not how to improve what is - 2Transformations that influence business models & strategists1. Expansion of available strategic space
2. Business will be global
3. Speed will be critical
4. Innovation as the new source of competitive advantage - 3People involved in the SM process1. Environmental Analysis (every manager @ every level)
2. Strategy Formulation (mainly top management)
3. Strategy Implementation (all levels of employees
(4). Strategic Management Champions) - 4SMC'sCan be regarded as a specific type of strategy practitioner who is capable of making & eager to make a difference through SM
1. Social craftsperson
2. Artful interpreter
3. Known stranger - 5Strategic Management Process SMP(1) Strategic Visualisation
1. Environmental Analysis (SWOT)
2. Strategy Formulation (grand strategies)
3. Strategy Implementation (driving forces) - 6Functional Aspects = benefits1. Higher profits - 2. Productivity
3. Effective time - 4. Resource management
5. Improved Communication
6. Empowerment
7. Sense of Responsibility & Discipline
8. Strategic Management - 7Dysfunctional Aspects - Risks1. Specific Goals
2. Uncertain chain of implementation
3. Culture of change
4. Time
5. Negative perceptions of SM
6. Unrealistic expectations
7. Success groove
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- Description
- Degree Business Admin Flashcards on 1 The Strategic Management Process, created by Luzelda Maré on 13/04/2015.
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- Luzelda Maré
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