Strategic Management Model

Strategic Management Model.Doc

Strategic Management Model

• Competitive

• Supplementary

• Business

• Functional

• Global

• Tailoring

• Diversification

➢ Competent organization

➢ Budgeting

➢ Policy Procedure

➢ Information Best Practice

➢ Motivating people

➢ Reward Based Performance

➢ Creating Organizational culture

➢ Establishing Management Control

➢ Leadership & Change

➢ Strategy:

A company’s strategy consists of the competitive moves and business approaches that managers are employing to grow the business, attract and please customers, compete successfully, conduct operations and achieve the targeted levels of organizational performance. Thus, a company’s strategy is all about how:

• How to compete successfully.

• How to satisfy the customers.

• How to grow business.

• How to manage all processes.

• How to improve financial market performance or market share.

Five “P”s in the strategy

1. Plan

2. Ploy

3. Position

4. Pattern

5. Perspective

Depends on five “P” s Strategy is a plan to deploy all the substantial resources to positioning the organization by various pattern in action for long term perspectives.

Strategic management

Strategic management analyzes the major initiatives taken by a company's top management on behalf of owners, involving resources and performance in internal and external environments.

In management theory and practice, a distinction is often made between operational management and strategic management. Operational management is concerned primarily with responses to internal issues such as improving efficiency and controlling costs. Strategic management is concerned primarily with responses to external issues such as in understanding customers' needs and responding to competitive forces. Widely-cited Harvard Business School professor Michael Porter identifies three principles underlying strategic positioning: creating a "unique and valuable...