DEFINITION OF STRATEGIC MANAGEMENT

Réussis tes devoirs et examens dès maintenant avec Quizwiz!

ANALYSES

is concerned with the analysis of strategic goals (mission, vision, and strategic objectives) along with the internal and external environments of the organization.

DECISIONS

strategic decisions address 2 basic questions: what industries should we compete in? and how should we compete in those industries.

ACTIONS

Strategic actions requires leaders to allocate necessary resources and to bring the intended strategies to reality.

STRATEGIC MANAGEMENT

it consists of analyses, decisions, and actions, an organization undertakes to create, implement, and sustain competitive advances.

STRATEGY

refers to as a plan designed to achieve competitive position in the market


Ensembles d'études connexes

PSYC210 - Final - Statistical Concepts

View Set

Chapter 1 and 2 terms H US history

View Set

quotes - speaker , act , who is being spoken to

View Set

Chapter 7 Cellular Respiration and Fermentation

View Set

Ch 48 Management of Patients with Kidney Disorders

View Set