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  • Stratmgt

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    Mary Elisha Pineda
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    The document discusses key concepts for crafting and executing strategy including analyzing internal resources, assessing how the company is coping with external factors, having an entrepreneurial spirit, defining a strategic vision and mission, setting financial and strategic objectives, establishing milestones, focusing efforts, considering a best cost provider strategy, and planning backward and forward integration. It notes that the next quiz should cover business objectives.

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    5. STRATMGT

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    The document discusses key concepts for crafting and executing strategy including analyzing internal resources, assessing how the company is coping with external factors, having an entrepreneurial spirit, defining a strategic vision and mission, setting financial and strategic objectives, establishing milestones, focusing efforts, considering a best cost provider strategy, and planning backward and forward integration. It notes that the next quiz should cover business objectives.

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    12 views3 pages

    Stratmgt

    Uploaded by

    Mary Elisha Pineda
    The document discusses key concepts for crafting and executing strategy including analyzing internal resources, assessing how the company is coping with external factors, having an entrepreneurial spirit, defining a strategic vision and mission, setting financial and strategic objectives, establishing milestones, focusing efforts, considering a best cost provider strategy, and planning backward and forward integration. It notes that the next quiz should cover business objectives.

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    of 3

    February 1, 2023

    MANAGERIAL PROCESS OF CRAFTING AND EXECUTING STRATEGY

    Internal - must first analyze the resources

    External - how are we coping up?

    Entrepreneurial

    Graphic means

    Flexible – not totally focus

    Superlative – to be the most

    Strategic Vision – where we are going

    Strategic Mission – Who we are and what we do

    Note: Next quiz, make business objective

    Financial Objectives -

    Strategic Objectives – like you want to be one of the top businesses

    Milestone – need to do to achieve certain objective


    Focused – specific work to do

    Best cost provider strategy – it is the mixture among the 4 that were given.
    Backward – Producing own ingredients or supplies in making your final products

    Forward -

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