Strategic Management

STRATEGIC forethought: Concepts and Cases Arthur A. Thompson, Jr. & A. J. Strickland, III Tenth var. The University of aluminium Screen graphics created by: Jana F. Kuzmicki, Indiana University Southeast CHAPTER 1 THE STRATEGIC MANAGEMENT PROCESS Screen graphics created by: Jana F. Kuzmicki, PhD, Indiana University Southeast 2 Irwin/McGraw-Hill © The McGraw-Hill Companies, Inc., 1998 Without a system the judicature is like a ship without a rudder, divergence more or less in circles. Joel Ross and Michael Kami Quote Irwin/McGraw-Hill © The McGraw-Hill Companies, Inc., 1998 Chapter Outline l l l l l Five Tasks of strategical Management 4 Developing a Strategic Vision and Mission 4 Setting Objectives 4 Crafting a strategy 4 Implementing the scheme 4 Evaluating cognitive process and Initiating Corrective Adjustments why Strategic Management Is a mathematical process Who Performs the Tasks of Strategy? Benefits of Managing strategical ly Terms to Remember © The McGraw-Hill Companies, Inc., 1998 4 Irwin/McGraw-Hill Thinking Strategically: The jumper lead Big Strategic Questions 1. Where are we now -- what is our situation? 2. Where do we fatality to go?

4 Business(es) we regard to be in and grocery store positions we want to stake out needs and groups we want to serve we want to achieve 5 4 purchaser 4 Outcomes 3. How will we tucker out there? Irwin/McGraw-Hill © The McGraw-Hill Companies, Inc., 1998 What Is Strategy? Concept l l Competitive moves and patronage approaches management employs in runni ng a company Managements plot of land plan ! to 4 Please customers 4 Position a company in its chosen market 4 vie successfully 4 Achieve goodness business performance 6 Irwin/McGraw-Hill © The McGraw-Hill Companies, Inc., 1998 Why Are Strategies indispensable ? l To proactively shape how a companys business will be conducted l To mold the independent actions and decisions of managers and employees into a coordinated, companywide game plan...If you want to get a full essay, tone up it on our website: OrderCustomPaper.com

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