stretegic management review
TRANSCRIPT
8/7/2019 stretegic management review
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SMP
Strategic planning + formulation
- Corporate governance/ board of directors
- Mission versus vision statement
o Stakeholders vs stockholder vs stateholders
- Goals and objectives
- Macro environment scanning (pest plus )
- SWOT - TOWS - select strategies
- Porters five plus forces
- Industry life cycle and product life cycle ( BCG Matrix, GE 9 Grid Matrix)
SBUs (strategic business units)
(Divisional structure)
Strategic level (Corporate level)
- Growth, stability, retrenchment ( cut back on operations)
o Vertical integration, diversificationy (Related) concentrate
y (Non related) conglomerate
- Restructuring, reengeering (detailed and transparence)
(organization structure,
Downsizing , rightsizing)
- Foreign entry modes
o Exporting
o Franchising
o Outsourcing
o Joint venture
o Turnkey
o FDI
o Management contract
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Business level
How do we compete?
Porters competitive strategies plus more
Strategic implementation
- Issues involved?
- Leadership?
- Corporate culture?
MotivatingPolicies, budgets, programs
Innovation
HRM
Production management, etc (porters value chain, functional level), efficiency supply
chain
Evaluation and control
- Control indicators ( behavioral, input, output)
- ISO series
- Balance score card
- Bench marking
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Corporate culture conflicts--- ---professional cultural conflicts
Organizational cultural conflicts--- ---national cultural conflicts
Manage cultural conflicts
Cultural competence