Planning and Strategic Management

States an organization’s fundamental purpose-

• Tactical goal

• Mission statement

• Strategic Management

• Operational goal

Components of Strategy

• Distinctive Competence

• Strategic Plans

• Competitive Scope

• Source of motivation

An acronym that stands for strengths,weaknesses,opportunities, and threats

Crisis Management:

• A plan aimed at achieving tactical goals, developed to implement specific parts of a strategic plan.

• The set of procedures the organization uses in the event of a disaster or other unexpected calamity.

• A method of evaluating businesses along two dimensions

• Businesses that have a very small share of a market that is not expected to grow

Strategic Choices

• Single-product strategy

• Related diversification

• Overall cost leadership strategy

• Unrelated diversification

A comprehensive plan for accomplishing an organization’s goals-

Most businesses develops strategies at two distinct levels

• Rules and regulations

• Business-level strategy

• Contingency Planning

• Corporate-level strategy

A...plan is a general plan outlining decisions about resource allocation, priorities, and action steps necessary to reach strategic goals

• tactical plan

• operational plan

• strategic plan

• Promotion of good planning

The first faculty of SDU?(Bonus)

How many years to our university?(Bonus)