Professional Documents
Culture Documents
1630317260WlEBn Session1
1630317260WlEBn Session1
Session 1
• Ground Rules
Time keeping
Respect
Participation
What is Strategic Management?
• Globalization
• Innovation
• Sustainability
Basic Components of Strategic Management
Levels of Strategy
Functional strategy
Implementation Strategy
Levels of Strategy
Strategic Thinking process
1. Identify the
problem
5. Evaluate the
alternatives
Strategic ManagementProcess
LET US SUM UP
• Corporate Governance
– is the set of mechanisms used to manage the
relationship among stakeholders and to
determine and control the strategic direction
and performance of organizations
– Ireland/Hoskisson/Hitt
– refers to the relationship among Board of
Directors, Top Management and Shareholders
in determining the direction and performance
of the corporation
-Wheelen/Hunger/Hoffman/Bamford
Key Stakeholders
Shareholder
Corporation
– Legal
entity
Board of
Management
Directors
5 Board of Director Responsibilities
Sustainability
Role of Board in Strategic Management