FINAL REVIEW

FINAL REVIEW - Strategic Management 1 "Strategic Management...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
1 Strategic Strategic Management Management  
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
MGT4380 Spring 2007 (RRM) 2 Strategic Management - Strategic Management - Strategic Analysis Strategic goals (vision, mission, strategic objectives) Internal and external environment of the firm Strategic Formulation (decisions) What industries should we compete in? How should we compete in those industries? Strategic Implementation (actions) Allocate necessary resources Design the organization to bring intended strategies to reality       consists of the analysis, decisions, and actions an organization undertakes in order to create and sustain competitive advantage.” The study of why some companies outperform others The study of why some companies outperform others
Background image of page 2
MGT4380 Spring 2007 (RRM) 3 Strategic Management ANALYSIS 1. Analyzing organizational goals and objectives 2. Analyzing the external environment 3. Assessing the internal environment 4. Recognizing the firm’s intellectual assets FORMULATION 5. Assessing business-level strategies 6. Assessing corporate-level strategies 7. Assessing international-level strategies 8. Assessing digital business strategies IMPLEMENTATION 9. Implementing strategic 10. Assessing organizational designs 11. Assessing 12. Recognizing opportunities and creating new ventures Key components: Key components:
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
MGT4380 Spring 2007 (RRM) 4 Porter’s Five Forces Model of Industry Competition Adapted from Exhibit 2.6 Porter’s Five Forces Model of Industry Competition Chapter 2
Background image of page 4
MGT4380 Spring 2007 (RRM) 5 The Value Chain Adapted from Exhibit 3.1 The Value Chain: Primary and Support Activities Source: Adapted with permission of The Free Press, a division of Simon & Schuster, Inc., from Competitive Advantage: Creating and Sustaining Superior Performance
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/30/2008 for the course HIST 2301 taught by Professor Trobridge during the Spring '07 term at Texas Tech.

Page1 / 20

FINAL REVIEW - Strategic Management 1 "Strategic Management...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online