This website uses cookies to ensure you have the best experience. Learn more

Short Note Strategic Management Essay

617 words - 3 pages

Chapter 11
Strategic Priorities and Strategic Options

Syllabus
▪ Growth and change
▪ Centralization / decentralisation

Reference
▪ Haberberg, A. & Rieple, A., The Strategic Management of Organisations, Prentice Hall/Financial Times, 2001, pg 427-476

STRATEGIC ANALYSIS

Strategic Issues
A strategic issue is something that the organisation needs to be concerned about and therefore, needs to address. Strategic issues may be positive or negative in nature.

Strategic priorities
Priority is a measure of two things:

1. The importance of an issue to the firm’s survival or success
2. The urgency with which the issue must be addressed

Strategic ...view middle of the document...

Look at the firm’s market segments, differentiation, positioning, scope & scale of operations.

▪ Resources and value chain: Assess whether the firm has resources that give competitive advantage. Assess how the firm’s value chain activities are structured, and how they compare to competitors.

▪ Organisational architecture and culture: Assess the suitability of architectural configuration of the firm’s systems and relationships as well as the prevailing culture.

3. Review the corporate level strategy

You do this for a multi-business corporation only. If you were analysing one specific business or SBU only, then you may skip this step.

4. Based on steps 1-3 above, identify the major strategic issues.

STEP 2: PRIORITISE STRATEGIC ISSUES

In general, negative issues of threat and weakness take priority over the positive issues of opportunity and strength because negative issues are problems that can cause trouble to the company while positive issues are generally not.

The strategic issues are listed here in order of descending priority:

1....

Other Papers Like Short Note Strategic Management

Human Resource Management Overview Essay

913 words - 4 pages hiring and developing employees so that they become more valuable to the organization (Business Dictionary, n.d.). In this paper, I will discuss the primary function and the role of human resource management in an organization’s strategic plan. What is human resource management? Human resource management can include a broad spectrum of specialties within an organization. Some specialties may include recruiting, payroll, policy, training and

Strategic Management Process Paper

661 words - 3 pages Strategic Management Process Paper “Strategic management is a set of managerial decisions and actions that determines the long-run performance of a corporation. It emphasizes the monitoring and evaluating of external opportunities and threats in light of a corporation’s strengths and weaknesses.” (Wheelen & Hunger 2010). It short it is the planning, environmental scanning, and industry analysis for the company. It can be broken out in four

Weekly Analysis Report

789 words - 4 pages need an outside corporation to help her develop a strategic management process that will enable her company to define themselves, set up short and long term goals, define a mission statement (what they do), and a vision statement (what is their future). We will discuss CANGO’s weaknesses, and needs in the strategic management process. Also in Week 1 they have developed a new idea for going global with CANGO to produce games that can be played

Mgt/498 Strategic Management

1094 words - 5 pages Strategic Management Process Paper Miguel Valdez MGT/498 August 17, 2015 Paul Kramer Strategic Management Process Paper Describe the primary components of a strategic management process, and indicate why a strategic management process is needed for a company. Strategic Management is a set of managerial decisions and actions that determines the long-run performance of a corporation. It includes environmental scanning, strategy

Managment

1311 words - 6 pages   Human Resource Management Learning Objectives • Explain what is meant by human resource management • Understand the relationship between human resource management and management • Describe the HR manager’s role • Understand the human resource management activities performed in organisations • Explain the meaning of strategy • Explain the meaning of strategic human resource management • Describe a strategic approach to human resource

Strategic Mangement

783 words - 4 pages Strategic management? 2. Critically analyze the concept of BCG Matrix. 3. What is SWOT analysis? 4. What are the characteristics of Short-term Objectives? 1. Do you think that IKEA has been successful to utilize Porter’s Five force analysis? Give reasons. 2. Where do you think can IKEA improve? Q1. Do you think the progress of ITC Ltd. is realistic? Q2. After analyzing the above case, do you think every company should aim at cost leadership with high

Strategic Human Resource Management Effectiveness and Ž Rm Performance

5600 words - 23 pages Int. J. of Human Resource Management 12:2 March 2001 299–310 Strategic human resource management effectiveness and rm performance Orlando C. Richard and Nancy Brown Johnson Abstract This study tests whether strategic human resource management (SHRM) effectiveness signi cantly affects organizational level outcomes. Using the resource-based view of the rm, this study examines the effective use of human capital on organizational performance

Startegic Management

917 words - 4 pages ------------------------------------------------- ASSIGNMENT ------------------------------------------------- ------------------------------------------------- SUBJECT STRATEGIC MANAGEMENT ------------------------------------------------- ------------------------------------------------- TOPIC THE NATURE OF STRATEGIC MANAGEMENT

Reflections

3026 words - 13 pages Simulations Reflection Introduction Strategic management first is a challenge for any company regardless of the situation and second is different for every company due to the change in the nature of any given marketplace. Strategic management plans must remain forward looking at all times in conjunction with the company mission and end-state. To successfully adapt, a manager must be flexible to an ever changing environment by staying

Harley Davidson Case Study

2286 words - 10 pages Chapter 6 Strategy Analysis & Choice Strategic Management: Concepts & Cases 13th Edition Global Edition Fred David Please note this is not a comprehensive source for studying Please note this is not a comprehensive source for studying Ch 6 -1 Ch 6 -2 Strategy Analysis & Choice “Whether it’s broke or not, fix it – make it better. Not just products, but the whole company if necessary.” – Bill Saporito “Life is full of

Bus. Admin

4739 words - 19 pages process used currently makes not room for the actualization of the Human resource department or function rendering their services to almost no value. This shift form the Administrative look at the human resource department is imperative for the growth of Global Enterprises. In an technologically age we take note to the various programmes available to organizations the advancement of the Human Resource management, both technically and

Related Essays

Terminal % Disaster Essay

2127 words - 9 pages emphasize on cost-minimization in a focused market or product/service differentiation in a focused market. Porter’s generic strategies are an important way towards the strategic design process for a company’s strategic management exercise. However it would also be fundamental to note that the method is not one that can be considered as fools-proof. It is realistically not possible for a company to merely focus on any one aspect detailed in the

The Role Of Ceo In The Strategic Planning System In Nigerian Banks

5171 words - 21 pages CEO’s as well as other top managers have tended to focus on short-range operational problems. This focus has also been stimulated by the considerable attention devoted to short-range asset/liability management. Finally, lack of an adequate information base for corporate strategic planning has both resulted from and contributed to a lack of emphasis on corporate strategic planning. Most information available on operations relates to transactions and

Corporate Planning Essay

2180 words - 9 pages in India on strategic planning has not taken off. There are very few studies on corporate planning practices in India firms. Of late some leading Indian management education institutions have begun to offer short duration executives development programmes on corporate planning. A quick examination of the teaching materials used in these programmes clearly shows a predominance of materials originally developed in the United States. This is not

Sustanining Essay

260 words - 2 pages : Employee Health and Safety Chapter 19: International Human Resource Management Chapter 20: Managing International Assignments PART-B consists of a short case study with three questions and is worth 10 marks. You need to answer all questions in this part. Approximately two pages long relevant answer is sufficient for this part. This case has not been drawn from any specific topic area. However, an understanding of the ethical, legal and policy