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    Nature and Scope of Strategic Management

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    lali62
    The document discusses strategic management, which it defines as the art and science of making cross-functional decisions to help an organization achieve its objectives. It outlines the key components of strategic management as establishing strategic intent, formulating strategies, implementing strategies, and evaluating strategies. It also discusses identifying an organization's vision, mission, goals and objectives, and the processes of strategic formulation, selection, implementation, and evaluation.

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    Nature and Scope of Strategic Management

    Uploaded by

    lali62
    849 views11 pages
    The document discusses strategic management, which it defines as the art and science of making cross-functional decisions to help an organization achieve its objectives. It outlines the key components of strategic management as establishing strategic intent, formulating strategies, implementing strategies, and evaluating strategies. It also discusses identifying an organization's vision, mission, goals and objectives, and the processes of strategic formulation, selection, implementation, and evaluation.

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    Nature and scope of strategic management

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    The document discusses strategic management, which it defines as the art and science of making cross-functional decisions to help an organization achieve its objectives. It outlines the key components of strategic management as establishing strategic intent, formulating strategies, implementing strategies, and evaluating strategies. It also discusses identifying an organization's vision, mission, goals and objectives, and the processes of strategic formulation, selection, implementation, and evaluation.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    849 views11 pages

    Nature and Scope of Strategic Management

    Uploaded by

    lali62
    The document discusses strategic management, which it defines as the art and science of making cross-functional decisions to help an organization achieve its objectives. It outlines the key components of strategic management as establishing strategic intent, formulating strategies, implementing strategies, and evaluating strategies. It also discusses identifying an organization's vision, mission, goals and objectives, and the processes of strategic formulation, selection, implementation, and evaluation.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 11

    Presented By:Anuradha Mishra

    Art & science of formulating, implementing, and evaluating,


    cross-functional decisions that enable an organization to
    achieve its objectives.

    Generic
    Emergent Timely changes Proactive process Long Rang planning Integrated planning

    Establishment of strategic intent

    Formulation of strategies

    Implementa tions of strategies

    Strategic evaluation

    Identifying Existing
    Vision Mission

    Goals
    Objectives

    Vision Statement What do we want to become? The category of intentions that are broad, all inclusive and forward thinking . Mission Statement

    What is our business?


    Essential purpose of the organization , concerning particularly why it is in existence the nature of the business and the customers it seeks to serve & satisfies.

    GoalsGoals denotes what an organizations hopes to accomplish in a future period of time.

    ObjectivesObjectives are the ends that states specifically how the goals shall be achieved.

    Strategy Formulation
    Vision & Mission External Opportunities & Threats Internal Strengths & Weaknesses Long-Term Objectives Alternative Strategies

    Strategy Selection

    Strategy Implementation

    Annual Objectives Policies Employee Motivation Resource Allocation

    Strategy Evaluation

    Internal Review External Review Performance Metrics Corrective Actions

    Any quarry.

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