The document provides an overview of strategic management. It defines strategy and discusses the different levels of strategy - corporate, business, and functional. It then defines strategic management as setting long-term goals and implementing plans to achieve them. The document outlines the key components of strategic management, including environmental scanning, strategy formulation, implementation, and evaluation. For strategy formulation, it discusses analyzing the internal and external environment through SWOT analysis to identify the best course of action. It also explains the process of implementing, evaluating, and controlling strategies.
Corporate level strategies are basically about the choice of direction that a firm adopts in order to achieve its objectives.
Corporate strategy is essentially a blueprint for the growth of the firm.
The corporate strategy sets the overall direction for the organization to follow.
It also spells out the extent, pace and timing of the firm’s growth.
Strategic formulation in Strategic managementYamini Kahaliya
This presentation is on Strategy formulation(of subject strategic management) and it covers following points :-
Define strategy formulation
Need of strategy formulation
Steps of strategy formulation
Problems in strategy formulation
Levels of strategy
this presentation is on Strategic management.
It covers following topics in detail -
Introduction of strategic management
Definition of strategic management
Mintzberg’s Views of Strategy
Features of strategic management
Role of strategic management
Process of strategic management
Need of Strategic management
Benefits of Strategic management
Limitations of strategic management
Mission & Vision
Corporate level strategies are basically about the choice of direction that a firm adopts in order to achieve its objectives.
Corporate strategy is essentially a blueprint for the growth of the firm.
The corporate strategy sets the overall direction for the organization to follow.
It also spells out the extent, pace and timing of the firm’s growth.
Strategic formulation in Strategic managementYamini Kahaliya
This presentation is on Strategy formulation(of subject strategic management) and it covers following points :-
Define strategy formulation
Need of strategy formulation
Steps of strategy formulation
Problems in strategy formulation
Levels of strategy
this presentation is on Strategic management.
It covers following topics in detail -
Introduction of strategic management
Definition of strategic management
Mintzberg’s Views of Strategy
Features of strategic management
Role of strategic management
Process of strategic management
Need of Strategic management
Benefits of Strategic management
Limitations of strategic management
Mission & Vision
This is the first lecture of 40 lectures planned for Anna University/Anna University of Technology students of 3ed semester MBA. Please provide your comments. The required notes will be uploaded soon.
Ch4 Internal Assessment: Strategic ManagementTriune Global
Focus is on identifying & evaluating a firm's strength & weaknesses in the functional areas of business, including management, marketing, finance, production, and management information systems.
Scott droney - presentation on strategic managementScott Droney
All businesses go through a period when you doubt if it's all working as you wanted, being able to refer back to a business plan is useful during these periods as it can help to refocus your thoughts.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
Safalta Digital marketing institute in Noida, provide complete applications that encompass a huge range of virtual advertising and marketing additives, which includes search engine optimization, virtual communication advertising, pay-per-click on marketing, content material advertising, internet analytics, and greater. These university courses are designed for students who possess a comprehensive understanding of virtual marketing strategies and attributes.Safalta Digital Marketing Institute in Noida is a first choice for young individuals or students who are looking to start their careers in the field of digital advertising. The institute gives specialized courses designed and certification.
for beginners, providing thorough training in areas such as SEO, digital communication marketing, and PPC training in Noida. After finishing the program, students receive the certifications recognised by top different universitie, setting a strong foundation for a successful career in digital marketing.
Thinking of getting a dog? Be aware that breeds like Pit Bulls, Rottweilers, and German Shepherds can be loyal and dangerous. Proper training and socialization are crucial to preventing aggressive behaviors. Ensure safety by understanding their needs and always supervising interactions. Stay safe, and enjoy your furry friends!
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
The simplified electron and muon model, Oscillating Spacetime: The Foundation...RitikBhardwaj56
Discover the Simplified Electron and Muon Model: A New Wave-Based Approach to Understanding Particles delves into a groundbreaking theory that presents electrons and muons as rotating soliton waves within oscillating spacetime. Geared towards students, researchers, and science buffs, this book breaks down complex ideas into simple explanations. It covers topics such as electron waves, temporal dynamics, and the implications of this model on particle physics. With clear illustrations and easy-to-follow explanations, readers will gain a new outlook on the universe's fundamental nature.
2. • What is Strategy?
• Features of Strategy
• Levels of Strategy- corporate-level, business-
level and functional-level.
• What is Strategic Management?
• Process of Strategic Management
3.
4. What is strategy?
• Strategy is a tactical course of action which is designed to
achieve long term objectives. It is an art and science of
planning and marshalling resources for their most efficient
and effective use in a changing environment.
• Strategy of a business enterprise consists of what
management decides about the future direction and scope
of the business. It entails managerial choice among
alternative action programmes, competitive moves and
different business approaches to achieve enterprise
objectives.
• Strategy once formulated has long term implications. It is
framed by top management in an organization. In short, it
may be called as the ‘game plan of management’.
5. Definition of Strategy
• As per Glueck,
Strategy is unified, comprehensive and integrated plan
relating the strategic advantages of the firm to the
challenges of the environment. It is designed to ensure that
the basic objectives of the enterprise are achieved.
• As per Alfred D. Chandler,
Strategy is “The determination of basic long-term goals and
objectives of an enterprise and the adoption of the courses
of action and the allocation of resources necessary for
carrying out these goals.”
6. Features of Strategy
• Top management responsibility
• Allocation of large amount of resources
• Impact on long term prosperity of the firm
• Future oriented
• Multi-functional or multi-business
consequences
• Consideration of factors in the external
environment
8. Corporate-level Strategy
• At this level, strategic decisions relate to organization-wide
policies and are taken care by top-level management (BOD)
with a vision of determining ‘Where the company wants to
be?’
• It has two main aspects- Formulation of Strategy (strategic
planning) and Strategy Implementation
• The nature of strategy at this level tend to be value-oriented,
conceptual and than other levels.
• There is also greater risk, cost and profit potential as well as
greater need of flexibility associated with this level.
• Major financial policy decisions involving acquisition,
diversification and structural redesigning belong to this level.
9. Business-Level Strategy
• Business-level strategy is more likely related to a unit
within the whole. It is concerned with competition in a
market.
• The concerns are about what products or services should
be developed and offered to which markets in order to
meet customer needs and organizational objectives.
• At this level, multifunctional strategies developed at
corporate level are formulated and implemented for
specific product market in which the business operates.
Thus, managers at this level translate general directions
and intent into concrete functional objectives.
• Decisions at this level include policies involving new
product development, marketing mix, research &
development, personnel, etc.
10. Functional/Operational-Level Strategy
• Functional strategy involves decision-making with respect
to specific functional areas- production, marketing,
personnel, finance etc.
• While corporate and business level strategies are
concerned with “Doing the right things”, functional
strategies stress on “Doing things right”.
• Operating level strategy is concerned with strategic
approaches for managing frontline operating units(like
plants, sales, etc) and for handling day to day tasks of
strategic significance(like advertising campaign,
purchasing materials, inventory control, maintenance,
etc.). Thus, it focuses on how the different functions of the
enterprise contribute to the other levels of strategy.
• Thus, functional level strategic management is the
management of relatively narrow areas of activity, which
are of vital, pervasive or continuing importance to the total
organization.
11.
12. Strategic Management
• Strategic management is a set of management decisions
and actions that determines the long-run performance of a
corporation. It includes environmental scanning, strategy
formulation, strategy implementation and evaluation and
control to achieve the objectives of an organization.
• The study of strategic management emphasizes the
monitoring and evaluating of external opportunities and
threats in light of a corporation’s strengths and
weaknesses.
• As per Fred R. David, strategic management is an art and
science of formulating, implementing and evaluating cross
functional decisions that enable an organization to achieve
its objectives.
• As per Channon, strategic management is defined as that
set of decisions and actions that result in formulating of
strategy an its implementation to achieve the objectives of
the corporation.
13.
14. Step 1: Strategic Intent
• Vision- Vision is the statement that expresses organization’s
ultimate long-run objectives. It is what the firm ultimately like to
become. Vision once formulated is for forever and long lasting for
years to come. Vision is closely related with strategic intent and is a
forward thinking process. Eg- Microsoft- ’A computer software on
every desk and in every home’.
• Mission- It tells who we are and what we do as well as what we’d
like to become. Mission of a business is the fundamental, unique
purpose that sets it apart from other firms of its kind and identifies
the scope of its operations in product and market terms. Eg-
Microsoft- ‘Empower every person and every organization on the
planet to achieve more’.
• Objectives- These are the end results of planned activity that state
what is to be accomplished by when and should be quantified if
possible and their achievement should result in the fulfillment of a
corporation’s mission. Objectives state specifically how the goals
shall be achieved. Following are the areas for setting objectives-
profit objective, marketing objective, production objective, etc.
15. Strategy Formulation
Strategy formulation refers to the process of choosing the most
appropriate course of action for the realization of organizational goals
and objectives and thereby achieving the organizational vision. For
choosing most appropriate course of action, appraisal of organization
and environmental is done with the help of SWOT analysis.
• Environmental Appraisal- The environment of any organization is
"the aggregate of all conditions, events and influences that
surround and affect it". It is dynamic and consists of External &
Internal Environment . The external environment includes all the
factors outside the organization which provide opportunities or
pose threats to the organization. The internal environment refers to
all the factors within an organization which impart strengths or
cause weaknesses of a strategic nature.
• Organizational Appraisal- It is the process of observing an
organizational internal environment to identify the strengths and
weaknesses that may influence the organization's ability to achieve
goals. The analysis of corporate capabilities and weaknesses
becomes a pre-requisite for successful formulation and
reformulation of corporate strategies. This analysis can be done at
various levels: functional, divisional and corporate.
16. Strategy Implementation
Strategy implementation is the action stage of strategic management.
It refers to decisions that are made to install new strategy or reinforce
existing strategy.
• Designing structure, process & system- Strategy implementation
includes the making of decisions with regard to organizational
structure, developing budgets, programs and procedures in order to
accomplish certain activities.
• Functional Implementation- Functional implementation is
carried out through functional plan and policies in
five different areas- marketing, finance, operation, personnel and
Information management.
• Behavioral Implementation- It denotes mobilizing employees and
managers to put and formulate strategies into action and require
personal discipline, commitment and sacrifice. It depends upon
manager’s ability to motivate employees.
• Operationalizing strategy- It includes establishing annual
objectives, devising policies, and allocating resources.
17. Strategy Evaluation & Control
• Strategy evaluation- It is the primary means to know when
and why particular strategies are not working well. It is the
process in which corporate activities and performance
results are monitored so that actual performance can be
compared with desired performance. Thus strategic
evaluation activities include reviewing external and internal
factors that are the basis for current strategies.
• Strategic control- In this step, organizations Determine
what to control i.e., which objectives the organization
hopes to accomplish, set control standards, measure
performance, Compare the actual with the standard,
determine the reasons for the deviations and finally taking
corrective actions and review the policies and activities if
needed.