constraints or changes in managerial preferences may result in at least some

Constraints or changes in managerial preferences may

This preview shows page 2 - 3 out of 3 pages.

constraints, or changes in managerial preferences may result in at least some part of the intended strategy remaining unrealized. - Realized strategy : strategy in which organizational decisions are determined by both analysis and unforeseen environmental developments, unanticipated resource constraint, and or changes in managerial preferences. Strategy Analysis: - Strategy analysis : study of firms external and internal environments, and their fit with organizational visions and goals o Analyzing organizational goals and objectives : a firm’s vision, mission and strategic objective form a hierarchy of goals that range from broad statements of intent and bases for competitive advantage to specific, measurable strategic objectives o Analyzing the external environment of the firm o Analyzing the internal environment of the firm o Assessing a firm’s intellectual assets Strategy Formulation:
Image of page 2
- Decisions made by firms regarding investments, commitments, and other aspects of operations that create and sustain competitive advantage o Formulating business level strategy o Formulation corporate level strategy o Formulating international strategy Strategy implementation : actions made by firms that carry out the formulated strategy, including strategic controls, organizational design and leadership
Image of page 3

You've reached the end of your free preview.

Want to read all 3 pages?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes