Please enable JavaScript.
Coggle requires JavaScript to display documents.
Strategy Formulation and Execution - Coggle Diagram
Strategy Formulation and Execution
Strategic Management
Formulates and executes strategies
Decisions and actions
Provide competitively superior fit
between company and environment.
SWOT Analysis
audit of internal and external factors
acquired from reports, surveys, discussions and meetings
Strategy Execution
Visible leadership
Clear roles and Accountability
HUman resources
Candid Communication
Strategy
determines which organizations
succeed and which ones struggle
Thinking strategically: Long term view, impacts
performance and success, a requirement.
Three levels of Strategy
Business level strategy
Consumer product unit, Biotechnology unti and media unit
Functional level strategy
Finance, R&D, Manufacturing and Marketing
Corporate level strategy
Corporation
Strategic Management Process
Swot Analysis
Evaluate current
Define New
Formulate and execute strategy
Purpose of Strategy
Explicit Strategy
Competitive Advantage
Target Customers
Achieve Synergy
Create Value
Exploit Core Competence
Strategy Formulation vs Execution
Formulation
Assessing the external environment and internal problems to create goals and strategy
Execution
use of managerial and
organizational tools to direct resources toward
accomplishing strategic results
Formulating Corporate level strategy
Portfolio Strategy
The BCG Matrix
Diversification Strategy
Formulating Business level strategy
Porter's Competitive Advantage
Cost Leadership
Focused Differentiation
Differentiation
Focused Cost Leadership
Formulating Functional level strategy
Action plans used by major departments
Global Corporate strategies
Transnational Strategy
Multidomestic Strategy
Globalisation Strategy
Export Strategy