STRATEGIC MANAGEMENT QUIZ

Totality of activities and choices required to execute a strategic plan

• Strategy Implementation

• Business Implementation

• Process Implementation

• Culture Implementation

As part of pre-requisites of strategy implementation it should be embedded everything that a company does, such as missions, vision, policies and strategic plans.

• Implement consistent reports

• Build a strategic plan

• Define the strategy framework

• Link Performance reviews to strategy

As part of pre-requisites strategy plan establishing cooperation and personal development.

• Define the strategy framework

• Build a Strategic Plan

• Define KPI

• Implement consistent reports

As part of pre-requisites of strategy implementation provide clear information of progress such as quality, timelines and performance

• Link Performance reviews and strategy

• Define KPI

• Implement consistent reports

• Define the strategy framework

As part of pre-requisites of strategy implementation looms in the present and bow it is progressing over time, such as comparison, graphs and chats.

• Define the strategy framework

• Build a strategic plan

• Implement consistent reports

• Link Performance reviews to strategy

As part of pre-requisites of strategy implementation involves monitoring the progress of the implemented strategy

• Build Strategic Plan

• Define KPI

• Link Performance reviews to strategy

• Implement consistent reports

Tactics aims to make a strategy action oriented

• Program

• Budget

• Procedure

• Process

Offensive Tactics goes head to head with its competitors

• Flank Attack

• Frontal Attack

• Encirclement Attack

• Bypass Attack

Offensive Tactics intends to attack the competitors weak points and bind spots

• Encirclement Attack

• Frontal Attack

• Guerrilla Attack

• Flank Attack

Offensive Attack capture a wide slice of territory by launching a grand offensive on several fronts.

• Bypass Attack

• Encirclement Attack

• Guerrilla Attack

• Frontal Attack