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Strategy - Coggle Diagram
Strategy
Mission, Vision, and Values
Vision
Desired future state
Values
Guiding principles
Mission
Organization's purpose
Characteristics of effective mission statements
Clarity
Relevance
Positivity
Endurance
Objectives and Strategic Goals
Economic objectives
Social objectives
Growth objectives
Competitive advantage objectives
Definition
Chandler’s Definition
Courses of action
Long-term goals and objectives
Resource allocation
Elements of Strategy
Long-term goals
Actions to achieve goals
Resources needed
Complexity
Few concrete facts
Diverse viewpoints
Use of jargon
Dynamic circumstances
Integration of various fields
Mintzberg’s Five Ps
Plan
Ploy
Pattern
Position
Perspective
Levels of Strategic Decisions
Strategic Decisions
Sustainable competitive advantage
Long-term objectives
Made by senior managers
Tactical Decisions
Medium-term
Implementation of strategy
Operational Decisions
Short-term management
Day-to-day operations
Stakeholder Approaches
Definition of stakeholders
Importance of balancing interests
Recognition of various stakeholder groups
Aligning Objectives and Strategy
Time horizons for decisions
Hierarchical congruence