This document provides an overview of strategic management and planning, outlining key concepts such as environmental scanning, strategy formulation, different types of strategies for organizations and business units, strategy implementation, and the strategic role of human resources. It discusses performing external and internal environmental scans, developing a vision, mission and SWOT analysis, and formulating strategies around areas such as cost leadership, differentiation, mergers and acquisitions, and portfolio analysis models like BCG matrix and GE business screen.
This document provides an overview of strategic management and planning, outlining key concepts such as environmental scanning, strategy formulation, different types of strategies for organizations and business units, strategy implementation, and the strategic role of human resources. It discusses performing external and internal environmental scans, developing a vision, mission and SWOT analysis, and formulating strategies around areas such as cost leadership, differentiation, mergers and acquisitions, and portfolio analysis models like BCG matrix and GE business screen.
This document provides an overview of strategic management and planning, outlining key concepts such as environmental scanning, strategy formulation, different types of strategies for organizations and business units, strategy implementation, and the strategic role of human resources. It discusses performing external and internal environmental scans, developing a vision, mission and SWOT analysis, and formulating strategies around areas such as cost leadership, differentiation, mergers and acquisitions, and portfolio analysis models like BCG matrix and GE business screen.
Corporate Governance Concept Steps of Strategic Management process Environmental Scanning o Environmental Scanning - External factors o Porter Forces – Industry Analysis o Environmental Scanning - Internal factors Strategy formulation o Vision and mission – Importance and Concept o External and internal factors - SWOT Analysis o Tows Matrix Types of strategies in organization Types of Corporate Directional Strategy o External mechanisms: merge, acquisition and alliance Business portfolio and Portfolio Analysis o The Boston Consulting Group (BCG) Matrix o The General Electric (GE) Business Screen Different Strategies for business units o Cooperative Strategy o Competitive Strategy o Cost leadership, differentiation and focus strategy Different functional Strategy Strategy implementation Evaluation and Control Strategic Role of HR in the org