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Strategic Management Models

Strategic management encompasses the process of defining an organization's mission and objectives while considering its external environment. It involves key elements such as environmental analysis, strategy formulation, implementation, and evaluation, all of which interact continuously. Various strategic management models exist, differing in complexity and detail, but they all share these fundamental components.

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98 views3 pages

Strategic Management Models

Strategic management encompasses the process of defining an organization's mission and objectives while considering its external environment. It involves key elements such as environmental analysis, strategy formulation, implementation, and evaluation, all of which interact continuously. Various strategic management models exist, differing in complexity and detail, but they all share these fundamental components.

Uploaded by

Kaye Arsad
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

Strategic Management Models

Strategic management is a broader term that includes not only the stages already identified but
also the earlier steps of determining the mission and objectives of an organization within the
context of its external environment. The basic steps of the strategic management can be
examined through the use of strategic management model.

The strategic management model identifies concepts of strategy and the elements necessary for
development of a strategy enabling the organization to satisfy its mission. Historically, a number
of frameworks and models have been advanced which propose different normative approaches to
strategy determination. However, a review of the major strategic management models indicates
that they all include the following elements:

Performing an environmental analysis.


Establishing organizational direction.
Formulating organizational strategy.
Implementing organizational strategy.
Evaluating and controlling strategy.
Strategic management is a continuous and dynamic process. Therefore, it should be understood
that each element interacts with the other elements and that this interaction often happens
simultaneously.

The major models differ primarily in the degree of explicitness, detail, and complexity. These
differences derive from the differences in backgrounds and experiences of the authors. Some of
these models are briefly presented below.

Quick navigation
Strategy Evaluation And Control
Andrews' Models
Table of contents
The Nature And Value Of Strategic Management
Strategic Management Defined
Elements Of Strategic Management
Key Terms In Strategic Management
Purpose
Mission
Goals
Objectives
Strategy
Tactics
Policy
Strategists
The Scope And Dimension Of Strategic Management
The Scope Of Strategic Management
Dimensions Of Strategic Management
The Strategic Decision Makers
Top Management
Other Managers And Staff Members
Board Of Directors
The Strategic Management Process
Stages Of Strategic Management
Strategy Formulation
Strategy Implementation
Strategy Evaluation And Control
Strategic Management Models
Andrews' Models
Glueck's Model
The Schendel And Hofer Model
The Thompson And Strickland Model
Korey's Model
Schematic Model
Developing The Strategic Management Process
Evolution Of Strategic Management
Position Systems
Real-time Systems
Choosing The Management System For A Firm
Strategic Management Tools And Techniques
Tools For Developing Organizational Strategies
Tools For Planning And Problem Solving - Management Science Aids
Control Tools And Techniques
The Importance And Value Of Strategic Management

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