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The Process of Strategic Management

The Process of Strategic Management

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Published by ARUNRU
It is useful for MBA students.......
It is useful for MBA students.......

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Categories:Types, Business/Law
Published by: ARUNRU on Jul 03, 2010
Copyright:Attribution Non-commercial

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11/22/2012

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THE PROCESS OF STRATEGIC MANAGEMENT
ENVIRONMENTAL SCANNING
 EXTERNAL THREATS & OPPORTUNITIES 
MACRO (Society), TASK (Industry), COMPETITIVE
 INTERNAL STRENGTHS & WEAKNESSES 
RESOURCES, STRUCTURE, FINANCIAL PERFORMANCE TRENDS
STRATEGY FORMULATION
 M 
 ISSION OBJECTIVES  STRATEGIES 
IMPLEMENTATION
 BUDGETS  ASSIGN 
 M 
 ENTS TACTICAL PLANS 
EVALUATION & CONTROL
CRITERIA & ASSESS 
 M 
 ENT TOOLS  REPORTS & FEEDBACK DEVICES  ADJUST 
 M 
 ENT 
 M 
 ECHANIS 
 M 
 S 
 
THE MACRO ENVIRONMENT
(PEST)
POLITICAL
 SUPPORTSGOVER
 M 
 ENT STABILITY CONTROLSANTI-TRUST, EPA, TAX LAW PENDING LEGISLATIONATTITUDES TOWARD FOREIGN FIR
 M 
 S 
ECONOMIC
 INFLATIONINTEREST RATEUNE 
 M 
 PLOY 
 M 
 ENTENERGY AVAILABILITY & COS DISPOSABLE INCO
 M 
 EPRODUCTIVITY, GROWTH, GD
SOCIO-CULTURAL
GEOGRAPHIC SHIFTSCONS
 M 
 ER ACTIVIS 
 M 
CUSTO
 M 
 S & VALUESLIFESTYLE CHANGE DE 
 M 
OGRAPHICSBIRTHRATES & LIFE EXPECTANCIE
TECHNOLOGICAL
 BASIC RESEARCHR & D SPENDING (Gvmt & Industry) NEW PRODUCTS/SERVICESPATENT PROTECTIO PROCESS I 
 M 
 PROVE 
 M 
 ENTSCO
 M 
 PUTER HACKING 
 
EIGHT SOCIO-CULTURAL TRENDS IN NORTH AMERICA
ENVIRONMENTAL AWARENESS
Conservation, Recycling, Landfills
GROWING HEALTH CONSCIOUSNESS
 Personal Fitness, Nutrition, Genetically Altered Foods, AIDS & Bird Flu
BABY BOOMERS NEAR RETIREMENT
(77 Million)
Companionship, Pets, Retirement Communities, Vacations, Senior Services
IMPACT OF ³GENERATION Y´ BOOMLET
(70 Million)
 Born between 1978 and 1994, Crowded Schools, Youth Markets
D
ECLINING MASS MARKET
Customized, Targeted -no generic products, Cars to Magazines
CHANGING PACE AN
D
LOCATION OF LIFE
 Instant Communication (e-mail, computers, etc), Telecommuting Possibilities
CHANGING HOUSEHOL
D
S
Singles, Partners, Couples with no Children (DINKS)
INCREASING
D
IVERSITY OF WORKFORCE AN
D
MARKETS
Growth of Hispanic and Asian Groups, Immigrants (legal and illegal)

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