Ch08_IM_Daft AISE - Chapter 8 Strategy Formulation and...

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This edition is intended for use outside of the U.S. only, with content that may be different from the U.S. Edition. This may not be resold, copied, or distributed without the prior consent of the publisher. Chapter 8 Strategy Formulation and Implementation Chapter Outline I. Thinking Strategically A. What Is Strategic Management? B. Grand Strategy C. Global Strategy D. Purpose of Strategy E. Levels of Strategy II. The Strategic Management Process A. Strategy Formulation Versus Implementation B. Situation Analysis III. Formulating Corporate-Level Strategy A. Portfolio Strategy B. The BCG Matrix IV. Formulating Business-Level Strategy A. Porter’s Competitive Forces and Strategies B. Partnership Strategies V. Formulating Functional-Level Strategy VI. Strategy Implementation and Control A. Leadership B. Structural Design C. Information and Control Systems D. Human Resources E. Implementing during Turbulent Times Annotated Learning Objectives After studying this chapter, students should be able to: 1. Define the components of strategic management. Strategic management is the set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the
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