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Lessons List | 63 Lesson

Strategic Management

Strategic Management

How to Execute Strategy

How to Execute Strategy

External Analysis

External Analysis

Internal Analysis

Internal Analysis

Competitive Strategies

Competitive Strategies

Competitve Position

Competitve Position

International Management

International Management

Ethics and Strategy

Ethics and Strategy

Executing Strategy

Executing Strategy

Organizational Strategy

Organizational Strategy

Business Models

Business Models

Strategy and Competitive Advantage

Strategy and Competitive Advantage

Sustainable Competitive Advantage

Sustainable Competitive Advantage

Winning Strategy

Winning Strategy

Why Strategy Matters

Why Strategy Matters

Strategy Formulation

Strategy Formulation

Strategic Vision

Strategic Vision

Mission Statement

Mission Statement

Organizational Values

Organizational Values

Setting Objectives

Setting Objectives

Crafting Strategy

Crafting Strategy

Implementing Strategy

Implementing Strategy

Evaluating Strategy Performance

Evaluating Strategy Performance

The External Enviornment

The External Enviornment

Macro Environment

Macro Environment

Competitive Forces

Competitive Forces

Driving Forces

Strategic Groups

Strategic Groups

Competitor Analysis

Competitor Analysis

Key Success Factors

Key Success Factors

Strategic Prospects

Strategic Prospects

The Internal Environment

The Internal Environment

Is Strategy Working

Is Strategy Working

Resources and Capabilities

Resources and Capabilities

Value Proposition

Value Proposition

Competitive Strength

Competitive Strength

Strategic Issues

Strategic Issues

Five Competitive Strategies

Five Competitive Strategies

Low Cost Strategy

Low Cost Strategy

Differentiation Strategy

Differentiation Strategy

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Course Description

Strategic management is the ongoing planning, monitoring, analysis and assessment of all necessities an organization needs to meet its goals and objectives. Changes in business environments will require organizations to constantly assess their strategies for success.What is strategic management and why is it important? Strategic management provides overall direction by developing plans and policies designed to achieve objectives and then allocating resources to implement the plans. Ultimately, strategic management is for organisations to gain a competitive edge over their competitors.What are the five stages of strategic management process? The five stages of the process are goal-setting, analysis, strategy formation, strategy implementation and strategy monitoring.What is strategic management role? Strategic management is an essential component of businesses. ... Strategic management therefore entails evaluating business goals, the organisation's vision and objectives as well as the future plans. In addition, a strategic management process is employed to ensure that the business runs effectively and efficiently.What are the types of strategic management? Types of Strategies: Corporate Strategies or Grand Strategies: ADVERTISEMENTS: ... Business Level Strategies: Business-level strategies are fundamentally concerned with the competition. ... Functional Strategies: These strategies may be Operations Strategy, Marketing Strategy, Finance Strategy, and Human Resource Strategy.What are the 7 steps of strategic management process? 7 Steps Effective Strategic Planning Process Step 1 – Review or develop Vision & Mission. ... Step 2 – Business and operation analysis (SWOT Analysis etc) ... Step 3 – Develop and Select Strategic Options. ... Step 4 – Establish Strategic Objectives. ... Step 5 – Strategy Execution Plan. ... Step 6 – Establish Resource Allocation. ... Step 7 – Execution Review.

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