34 Cards in this Set
| tactical plan | plan that translates general goals developed by strategic managers into more specific objectives and activities |
|---|---|
| supervisory management | managers who are directly responsible for supervising workers and evaluating their daily performance |
Who should be involved in strategic planning?
The strategic planning process should involve the senior managers of an organization, and any key employees, who can actively contribute to the long-term planning of the organization. Each management team must decide who should participate in the planning process.
Who developed strategic planning?
Michael Porter wrote in 1980 that formulation of competitive strategy includes consideration of four key elements: Company strengths and weaknesses; Personal values of the key implementers (i.e., management and the board); Industry opportunities and threats; and.
How do Organisations develop strategic goals?
Developing Your Basic Strategic Plan Document
- Write Your Mission Statement.
- Write Your Vision Statement.
- Write Your Values Statement.
- Conduct an External Analysis.
- Conduct an Internal Analysis.
- Identify Strategic Issues.
- Establish Strategic Goals.
- Develop Staffing Plan.
What are strategic goals examples?
Examples of strategic goals for business processes:
- Increase web traffic.
- Number of publications.
- Number of back links.
- Vendor performance.
- Restructure organization.
- Implement software project.
- Grow through acquisition.
- Increase value of projects and manage growth.
What are the 15 grand strategies?
Terms in this set (15)
- Concentrated growth. Involves focusing resources on the profitable growth of a single product, in a single market, with a single dominant technology.
- Market development.
- Product development.
- Innovation.
- Horizontal integration.
- Vertical integration.
- Concentric diversification.
- Conglomerate diversification.
What are the three grand strategies?
The three grand strategies are growth, stability, and defensive, and a firm chooses one of these approaches in addition to their choice of business-level, corporate, and/or international strategies.
Why do good strategies fail?
Many strategy execution processes fail because the firm does not have something worth executing. One major reason for the lack of action is that “new strategies” are often not strategies at all. A real strategy involves a clear set of choices that define what the firm is going to do and what it’s not going to do.
What are the 5 Ps of leadership?
Great leaders – the Olympians – have succeeded in five core areas, which I call the 5 Ps: personal attributes, position, purpose, processes and product.”
