Professional Documents
Culture Documents
Process of Strategic Management
Process of Strategic Management
Formulate Strategies
Implement Strategies
Evaluate Results
SWOT
Strategy
Intent An organization's strategic intent is the purpose that it exists and why it will continue to exist,providing it maintains a competitive advantage.
What business are we in ??? Mission describes why an organization is operating and thus provides a framework within which strategies are formulated. It describes: What the organisation does Who all it serves What makes an organisation unique(reason for existence)
Microsofts
Mission is to help people & businesses throughout the world to realize their full potential. Wal-Marts Mission is to give ordinary folk the chance to buy the same things as rich people. Cadburys Mission is to attain the leadership position in the confectionery market and achieve a strong national presence in the food drinks sector.
vision statement identifies where the organization wants or intends to be in future or where it should be best meet the needs of the stakeholders. It describes dreams and aspirations for future.
Microsofts
Vision is to empower people through great software,any time,any place,or any device. Wal marts Vision is to become worldwide leader in retailing.
goal is a desired future state or objective that an organisation tries to achieve. Goals specify in particular what must be done if an organization is to attain mission or vision.
Political
Strengths
What advantages do you have? What do you do well? What Relevant resources do you have access to? What do other people see as your strengths?
Weaknesses: What
could you improve? What do you do badly? What should you avoid?
Opportunities Where
you? What are the interesting trends you are aware of ? Threats What Obstacles do you face? What is your competition doing? Is Changing technology threatening your positions?