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Managing Strategy - Coggle Diagram

- - - - Mission is a statement of the purpose of an organization. The scope of its products and services.
      - Goals are the foundation for further planning . You must have measurable performance targets.
  - - - Assessing organizational recourse, capabilities, and activities.
      - Strengths create value for the customer and strengthen the competitive position of the firm.
      - Weaknesses can place the firm at a competitive disadvantage.
  - - - Environmental Scanning of specific and general environments.
      - The Industry/Market Analysis is another key component of the external analysis: Porters Five Forces is a key framework used to complete this analysis.
      - This makes you focus on identifying opportunities and threats.
  - - - Develop and evaluate strategic alternatives
      - Select appropriate strategies for all levels in the organization that provide relative advantage over competitors.
      - Match organizational strengths to environmental opportunities
  - - - The environment dictates the chosen strategy effective strategy implementation requires an organizational structure matched to its requirement.
  - - - How effective have strategies been at helping the organization reach its goals?
      - What adjustments if any, are necessary?
- - - - When a company combines with other companies in different but related industries.
    - - When a company combines with firms in different and unrelated industries.