Types of Organizational Strategies

May 29th, 2015
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A. T. Still University
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The Nature and Value of Strategic Management Dimensions of Strategic Decisions Formality in Strategic Management Benefits of Strategic Management Risks of Strategic Management Executives’ Views of Strategic Management The Strategic Management Process Components of the Strategic Management Model Strategic Management as a Process

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1CHAPTER 1Strategic ManagementMcGraw-Hill/Irwin 2003 The McGraw-Hill Companies, Inc., All RightsReserved.2Chapter Topics The Nature and Value of Strategic ManagementDimensions of Strategic DecisionsFormality in Strategic ManagementBenefits of Strategic ManagementRisks of Strategic ManagementExecutives Views of Strategic Management The Strategic Management Process Components of the Strategic Management Model Strategic Management as a ProcessMcGraw-Hill/Irwin 2003 The McGraw-Hill Companies, Inc., All RightsReserved.3What is Strategic Management?The set of decisions and actions that resultin the formulation and implementation ofplans designed to achieve a companysobjectives.McGraw-Hill/Irwin 2003 The McGraw-Hill Companies, Inc., All RightsReserved.4Critical Tasks of Strategic Management1.2.3.4.5.6.7.8.9.Formulate the companys missionConduct internal analysisAssess the companys external environmentAnalyze companys optionsIdentify most desirable optionsSelect long-term objectives and grand strategiesDevelop annual objectives and short-term strategiesImplement the strategic choicesEvaluate success of the strategic processMcGraw-Hill/Irwin 2003 The McGraw-Hill Companies, Inc., All RightsReserved.5What is Strategy? Large-scale, future-oriented plan forinteracting with the competitiveenvironment to achieve objectives Companys game plan

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