Strategic Management

STRATEGIC MANAGEMENT

CONTENTS

1

INTRODUCTION 1 2 3 4 5 6 7 A Systems Approach Management Work Strategic vs. Operational Management Driving Force The Process of Strategic Management Attributes of Strategic Thinking Key Concepts

2

THE PROCESS OF ESTIMATION 1 2 3 Modeling Modeling of the Enterprise Scenarios

3

TECHNOLOGY 1 2 3 4 Definition and Characteristics of Technology The Market and Technology Technology for Africa Expectations

4

MARKET 1 2 3 4 A Market Paradigm Role-players in the Market Distribution and Sales The Sales Plan

5

PRODUCTION 1 2 3 From Economies-of-Scale to Economies-of-Technology Services vs. Products Stock, capacity, reaction time

6

HUMAN RESOURCES 1 Development of Human Resources 2 Selection and team composition 3 Incentives 4 Economy as a Social Science

7

A STRATEGIC FRAMEWORK 1 Vision 2 3 4 5 6 Mission Shareholders and Associates Execution of Strategy (14 Core Strategies) The Role and Function of Management The Role and Function of the Directorate

8

QUALITY AND THE ASSURING THEREOF 1 2 3 4 Fulfillment Quality of design Process Control Risk Management

9

CLOSING REMARKS 1 Risk / Reward 2 3 Creating Value Leadership

STRATEGIC MANAGMENT

1

1 1.1 1.2 not 1.3

INTRODUCTION

A SYSTEMS-APPROACH Σ(ƒ, ε)system ≠ Σ(ƒ, ε)sub-systems (productive, parasitical, counter-productive) Systems are comprised of two or more elements. System principles are not determined by size or complexity. Scalar is a system. Systems can be structured arbitrarily to consist of subsystems each within its own control volume and with specific boundary conditions Scientific methods of observing cause and effect determines algorithms and transfer functions. The choice of (increasing /decreasing) control volumes is the basis of analyses. Systems are configured according to hierarchy. Authority is seated in the higher level and priority in the lower level.

1.4

1.5

1.6

Examples of Systems: An Atom The Universe A cell Ecology Semi-conductor Communication system...