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    Strategic management involves high-level decision making aimed at achieving long-term goals. It includes establishing a vision and mission, identifying objectives, and developing strategies. The strategic level of an organization oversees development of the mission and goals and allocates resources. Strategic management provides direction, creates a framework for decision making, and helps organizations adapt to future changes. It helps organizations gain competitive advantages and ensures long-term success and survival.

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    Strategic management involves high-level decision making aimed at achieving long-term goals. It includes establishing a vision and mission, identifying objectives, and developing strategies. The strategic level of an organization oversees development of the mission and goals and allocates resources. Strategic management provides direction, creates a framework for decision making, and helps organizations adapt to future changes. It helps organizations gain competitive advantages and ensures long-term success and survival.

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    14 views1 page

    SM Ch-1

    Uploaded by

    Anil Reddy
    Strategic management involves high-level decision making aimed at achieving long-term goals. It includes establishing a vision and mission, identifying objectives, and developing strategies. The strategic level of an organization oversees development of the mission and goals and allocates resources. Strategic management provides direction, creates a framework for decision making, and helps organizations adapt to future changes. It helps organizations gain competitive advantages and ensures long-term success and survival.

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    CHAPTER-1- Introduction to Strategic Management


    Tera Course Mera Guidance
    www.atacademy.co.in
    info@atacademy.co.in
    Strategic Management (SM) Strategic Intent Strategic Level in Organisation
    CA CS Amit Tated
    Management Elements Strategic Levels
    Vision Corporate Level Business Level Functional Level
    Group of Individual Mission
    Goals | Objectives Management Management Management
    Process
    Value | Value systems Role
    Strategy Vision
    Oversee the development
    Partly proactive / Essentials Mission & Goals
    1. Think Creatively Determining Business
    Partly reactive 2. Intelligent Entrepreneurship
    Allocating Resources
    3. Enthusiasm
    Can not be flawless 2. Direction Formulate & Implement Charge of different business Specific Business Functions
    Strategy Translate General Statement Operations
    SM Mission Leadership of direction in to Concrete Realistic & Attainable
    Link between Shareholders Strategies Strategies
    Why Mission
    Objective Unanimity of purpose
    Standard for allocating resources
    Motivating
    Competitive Advantage Organization climate 1.Functional & Divisional Relationship
    Changes Focal Point
    N/W of Relationship 2.Horizontal Relationship
    Translation of Objective & Goals
    Translation of purpose in to goals 3.Matrix Relationship
    Limitation
    Writing a Mission
    Environment Complex Own Special Identity My Notes:
    Time Consuming Customer Groups
    Unique
    Costly
    Estimate Response Goals | Objectives Long term Objectives
    1. Profitability
    Benefits Characteristics 2. Productivity
    1. Relationship with Environment 3. Competitive Position
    2. Mission & Purpose 4. EE Development
    Direction 3. Strategic Decision Making 5. EE Relation
    Proactive 4. Standards for Appraisal 6. Technical Leadership
    Framework 5. Concrete & Specific 7. Public Responsibility
    6. Time Frame
    Face future 7. Measurable & Controllable Integrity
    Corporate defense mechanism 8. Challenging Thrust
    Longevity 9. Co-relate. Humility
    Diversity
    Core Competency & Innovation
    Competitive Advantage Value Accountability

    Join us - caamittated caamittatedauditlaw / CA Amit Tated 1

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