1 The Strategic Management Process

Pregunta	Respuesta
Intro to SM	1. Managers should realise they can influence the competitive landscape 2. Managers, must view the world how it could be, & not how to improve what is
Transformations that influence business models & strategists	1. Expansion of available strategic space 2. Business will be global 3. Speed will be critical 4. Innovation as the new source of competitive advantage
People involved in the SM process	1. Environmental Analysis (every manager @ every level) 2. Strategy Formulation (mainly top management) 3. Strategy Implementation (all levels of employees (4). Strategic Management Champions)
SMC's	Can be regarded as a specific type of strategy practitioner who is capable of making & eager to make a difference through SM 1. Social craftsperson 2. Artful interpreter 3. Known stranger
Strategic Management Process SMP	(1) Strategic Visualisation 1. Environmental Analysis (SWOT) 2. Strategy Formulation (grand strategies) 3. Strategy Implementation (driving forces)
Functional Aspects = benefits	1. Higher profits - 2. Productivity 3. Effective time - 4. Resource management 5. Improved Communication 6. Empowerment 7. Sense of Responsibility & Discipline 8. Strategic Management
Dysfunctional Aspects - Risks	1. Specific Goals 2. Uncertain chain of implementation 3. Culture of change 4. Time 5. Negative perceptions of SM 6. Unrealistic expectations 7. Success groove

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	Creado por Luzelda Maré hace más de 9 años