A strategic management model in seven steps:

1. Analyze the overall goal and the purpose of the project. 2. Asses the objectives, activities and values of the project. 3. Assess current strengths, successes and achievements. Consider quantitative and qualitative results. 4. Analyze what contributed to them (consider internal/external resources and capabilities). 5. Asses challenges and gaps. Analyze what contributed to each. 6. Adjust your current project plan in order to reflect best practices and a strategy to fill gaps. 7. Develop a generative vision. What is it about this project that inspired and will inspire to implement? How would success look like? This strategic management model will help you manage and lead at the same time.

The Components of a Strategic Management Model

In the decade of 1970s, a large number of corporations followed a recognized strategic planning model, which is top down in nature. According to this model, strategic planning was a calculated procedure where the top management would design the strategy of the company and after that it was passed on downward in the company for application. The steps involved in this strategic planning model were the following: Mission Objectives Situation Analysis Formulation of Strategies Application Control The situation analysis is basically a blend of PEST Analysis (Political, Economic, Social and Technological Analysis) and SWOT Analysis (Strengths, Weaknesses, Opportunities and Threats Analysis). Internal analysis is an important component of situation analysis, which studies the condition within the company taking into account the following factors: Image of the company Culture of the company Key personnel Structure of the company Location on the experience curve Availability of natural resources Operational capability Operational effectiveness

Market share Brand consciousness Exclusive agreements Financial resources Trade secrets and patents A strategic planning model is applied in functional domains like the following: Research and development Marketing Production Procurement Information systems Human resources Forms of Strategic Management Models The different types of strategic management models can be categorized into the following types: Basic strategic planning model Alignment strategic planning model Goal-based or issue-based strategic planning model Self-organizing or organic strategic planning model Scenario strategic planning model