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Basics of Strategic managemnet - Coggle Diagram
Basics of Strategic managemnet
Challenges
globalization
sustainability
innovation
Phases
basic financial planning
forecast based planning
externally oriented planning
strategic management
Levels
Corporate strategy
business strategy
functional strategy
implementation strategy
Components of SM
Environment scanning
Internal
mission
vision
VRIO
culture
belief expectations values
External
natural environment
societal environment
STEEPL
task environment
industry analysis
porter's 5 forces
Strategy formulation
mission - why exist ?
objectives - what to achieve ?
strategies - how to acheive ?
policies - guidelines to decision making
Strategy implementation
Programs + Tactics
budget
procedures
Evaluation and Control
performance measurement
Strategic thinking process
identify the problem
define decision criteria
evaluate decision criteria
generate alternatives
evaluate alternatives
choose alternative
implement strategy
evaluate decision