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Strategy (What does smart, 21st century strategy looks like? (1.Process…
Strategy
What does smart, 21st century strategy looks like?
1.Process relevant data signals and react them quickly
2.See clearly how their business fits into a wider context
3.They are alive to social change and shifting customer preferences
4.They experiment effectively
5.They draw on the talents of the best people they find
SWOT ANALYSIS
Strengths
Weaknesses
Opportunities
Threats
Mission statement
Four criteria of best mission statement
Question of mission statement
THE VALUE CHAIN ANALYSIS
Primary activities
Inbound logistics
Operations
Outbound logistics
Marketing & Sales
Service activities
Support activities
Procurement
Technology Development
Human Resource Management
Firm Infrastructure
Vision statement
questions of vision statement
Commitment