Chapter 8 - Principles of Management Assignment 7 Chapter 8...

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Click to edit Master subtitle style 5/7/09 Principles of Management Assignment 7 Chapter 8
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5/7/09 Strategic Management Strategic Management – is what managers do to develop the organization’s strategies Strategies are the decisions and actions that determine the long- run performance of an organization Strategic management is a roadmap or plan that managers create to cover every aspect of their business Strategic management includes all of the basic management functions including; planning, organizing, leading, and controlling.
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5/7/09 Business Model Business Model – is a strategic design for how a company intends to profit from its strategies, work processes, and work activities Companies Business model focuses on two things: 1. Whether customers will value what the company is providing 2. Whether the company can make any money doing that
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5/7/09 Corporate Strategy Corporate Strategy – is a strategy that determines what businesses a company is in, should be in, or wants to be in, and what is wants to do with those businesses. Based on missions and goals and the roles that each business unit
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Chapter 8 - Principles of Management Assignment 7 Chapter 8...

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