Strategic Management notes – University notes

STRATEGIC MANAGEMENT

Subject content

STRATEGIC MANAGEMENT: AN INTRODUCTION

  • Introduction
  • Meaning of strategy
  • The characteristics of strategic decisions
  • Strategic management
  • Importance of strategic management
  • Strategic management responsibilities of managers
  • Committees and the responsibilities
  • Influences on strategic management
  • Emerging Issues of Strategic Management
  • Formulating Strategies for Small Business
  • Strategy and International Operations
  • Strategies of Going Abroad
  • Revision questions
  • Summary
  • Definition of Key Concepts
  • Definition of Key Concepts
  • Further Reading

THE STRATEGIC MANAGEMENT PROCESS

  • Introduction
  • Environmental analysis
  • Step 2 Establishing organizational directions
  • Strategy formulation
  • Step 4 Implementation of organizational strategy
  • Step 5 Strategic control
  • Revision questions
  • Summary

ENVIRONMENTAL ANALYSIS

  • Purpose of environmental analysis
  • Roles of environmental analysis
  • Environmental structure
  • General environment
  • The operating environment
  • Internal environment
  • Environmental forecasting
  • Revision questions
  • Summary
  • Definition of key concepts

ORGANIZATIONAL DIRECTION: MISSION AND OBJECTIVE

  • Organizational Mission: Definition
  • Importance of organizational mission
  • Contents of mission statements
  • Organizational objectives
  • Strategic goals and objectives
  • Areas in which organizational objectives are established
  • The process of establishing organizational direction
  • Revision questions
  • Summary
  • Definition of key concepts

STRATEGY FORMULATION

  • Strategy formulation inputs from environmental analysis
  • Formulation of Business Strategy
  • Formulating organizational strategies
  • Formulating functional strategies
  • Strategy formulation constraints and selection criteria
  • Strategy selection criteria
  • Revision questions
  • Summary
  • Definition of key concepts

STRATEGY IMPLEMENTATION

  • Analyzing strategic change
  • Analyzing strategic change
  • Analyzing organizational structure
  • Advantages and disadvantages of five organizational structures
  • The manager’s role in leading the implementation process
  • Building a capable organization
  • Matching organization structure to strategy
  • Analyzing organizational culture
  • Selecting an implementation approach
  • Implementing the strategy and evaluating the results
  • Revision questions
  • Summary
  • Definition of key concepts

STRATEGIC CONTROL

  • The purpose and contributions of strategic controls
  • The components of strategic control
  • Process of strategic control
  • Designing effective strategic control systems
  • Consequences of poor controls
  • Why do control systems fail?
  • The importance of information in strategic control
  • Key players in strategic control process
  • Revision questions

STRATEGIC HUMAN RESOURCE MANAGEMENT

  • Strategic Human Resource
  • HRM in the Strategic Management Process
  • Aims of Strategic Human Resource Management
  • Aims of Strategic Human Resource Management
  • Origins of the Concept of Strategic HRM
  • Meaning of Strategic HRM
  • Strategic Integration: Integrating Business and HR Strategies
  • Limitations
  • The Concept “Strategic Fit”
  • The Concept of Coherence
  • Formulation of HR Strategy – General Considerations
  • Requirements for Strategic HRM
  • Developing HR Strategies
  • Revision questions
  • Summary

STRATEGIC MANAGEMENT: CASE ANALYSIS

  • Introduction
  • Preparing for Case Discussion
  • Suggestions for Effective Preparations
  • Participation in Class
  • Oral Presentations
  • Working as a Team Member
  • Summary

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