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Chp 1: The Nature of Strategic Management (Group 9), Group 9 members -…

- - - - Swot analysis is a framework used to evaluate a company’s competitive position and to develope strategic planning
    - - A corporate level strategy is a multi-tiered company plan that leaders use to define, outline and specific business goals
    - - Business level strategy examine how firms compete in a given industry.
    - - Strategy planning is an organization’s process of defining its strategy or direction and making decisions on allocating its resources to pursue this strategy
  - - - The process of thinking about project in lights of their connection to strategic plan
    - - A procedural refers to a series of the related tasl which make-up a chronological sequence. It is an established way of performing the work to be accomplished.
    - - Is the process of assigning and managing assets in a manner that support an organization’s strategic goals
    - - The administrative entity which programme implementors use for accomplishing objectives with in programme
    - - Deals with those aspects of strategy implementation that have impact on behavior of people in the organizations.
  - - - Understanding the current internals and external environment as well as the company’s vision, mission, values, and strategic objectives