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WorksheetsStrategic Management
Total questions: 44
Worksheet time: 23mins
It is a tactical course of action which is designed to achieve a long-term objective.
Management
Operation Management
Strategic management
Strategy
It is the formulation and implementation of major objectives and projects by an organization’s management on behalf of its shareholders (or owners).
Management
Operation Management
Strategic management
Operational Management
Strategic Management Process
all of the above
STEP 1: GOAL SETTING
STEP 2: STRATEGY EXECUTION
STEP 3: STRATEGY IMPLEMENTATION
STEP 4: STRATEGY EVALUATION AND CONTROL
STEP 1: GOAL SETTING
STEP 2: STRATEGY IMPLEMENTATION
STEP 3: STRATEGY FORMULATION
STEP 4: STRATEGY EVALUATION AND CONTROL
STEP 1: GOAL SETTING
STEP 2: STRATEGY FORMULATION
STEP 3: STRATEGY IMPLEMENTATION
STEP 4: STRATEGY EVALUATION AND CONTROL
P.O.L.C Framework
(a)
responsible for all parts of the department’s operations or company’s operation
Leader
Management
General Manager
Manager
Knowledge and proficiency in activities involving methods, processes, and procedures
Decision-making Skills
Interpersonal & Communication Skills
Conceptual Skills
Technical Skills
To coordinate and integrate all of an organization’s interests and activities
Decision-making Skills
Conceptual Skills
Technical Skills
Interpersonal & Communication Skills
Convey ideas and information to others and receive information and ideas from others effectively
Interpersonal & Communication Skills
Decision-making Skills
Conceptual Skills
Technical Skills
Decisions that will lead the organization to the attainment of its goals
Technical Skills
Conceptual Skills
Interpersonal & Communication Skills
Decision-making Skills
the most important strategist who is responsible for all aspects of strategic management
all of the above
President
Chief Executive Officer
Chief Operating Officer
To support an organization’s vision. Defines an organization’s beliefs, principles, and the philosophy behind the values.
reliability
core values
integrity
innovation
What your company actually does. Be specific enough that people understand what you do and how you differ from your competitors.
Core Statement
Statement
Vision Statement
Mission Statement
is what you do now
All of the above
Statement
Vision Statement
Mission Statement
What your company aspires to be
All of the above
Statement
Vision Statement
Mission Statement
is what you want to be tomorrow and in the future.
All of the above
Statement
Vision Statement
Mission Statement
a tool used by marketers to analyze and monitor the macro environment
All of the above
PESTEL ANALYSIS
PESTEL FRAMEWORK
SWOT ANALYSIS
It is used to identify threats and weaknesses which are used in a _______
all of the above
Pestel analysis
pestel framework
swot analysis
are two powerful analysis tools that can aid you in building a strategic plan for a certain company.
MISSION STATEMENT AND VISION STATEMENT
SWOT AND PESTEL
FRAMEWORK AND PESTEL
PESTEL and SWOT
A project you will put together to identify, address and solve a particular business problem.
Technical Skills
Core Values
SWOT analysis
Business Case Analysis
To show that you can think logically, professionally, ethically, and intelligently about a real-life business problem or decision making process.
Purpose of Business Case Analysis
Strategic Leadership
Direct Impact
all of the above
4 TYPES OF LEADER
all of the above
Dreamer
Effective Leader Doer
Uninvolved
Dreamer
Executor
Doer
Uninvolved
Do-gooder
Executor
Doer
Uninvolved
provides a big idea
Uninvolved
Dreamer
Effective Leader
Doer
provides strategy and action
Dreamer
Uninvolved
Doer
Effective Leader
hard worker without distraction
Doer
Effective Leader
Uninvolved
Dreamer
not really a leader at all
Effective Leader
Dreamer
Uninvolved
Doer
an aspiration for the future
action
strategy
Mission
Vision
about core values, purpose and reason for existence
action
strategy
mission
vission
responds to the question “How do we achieve the vision?”
action
strategy
mission
vission
specifies “what do we do right now?”
action
strategy
mission
vision
Strategic thinkers question their own and others’ assumptions and mental models.
CHALLENGE THE STATUS QUO
INTERPRET TRENDS
ACHIEVE ALIGNMENT
ANTICIPATE THREATS AND OPPORTUNITIES
Business is able to produce its product at lower cost than competitor
Low-Cost Provider
Cost Advantage
Differentiation Advantage
ayoko na huhuhu
Achieving cost-based advantage over rivals. Rivals find it hard to match the low cost leaders
ayoko na tlga huhhu
FOCUSED LOW-COST
BROAD DIFFERENTIATION STRATEGY
Low-Cost Provider
a person does not feel a higher need until the needs of the current level have been satisfied
Fritz Roethlisberger
Elton Mayo
Maslow Hierarchy of Needs –
Maslow Hierarchy of Wants –
Integral part of the environment, affects the type of workers and managers
antok na ako :(
Educational Factors
Socio-Cultural Factors
Economic Factors
should be given critical consideration by top management
sakit na ng likod ko huhuhuhuhhu
Economic Factors
Educational Factors
Socio-Cultural Factors
Group of productive enterprisesthat produce or supply goods, services, or sources of income.
Competition in the Industry
INDUSTRY
ANALYSIS
INDUSTRY ANALYSIS
Detailed examination of anything complex in order to understand its nature.
Competition in the Industry
INDUSTRY
INDUSTRY ANALYSIS
ANALYSIS
exist in production, advertising, distribution, or other areas, it becomes necessary to obtain a large volume quickly.
Economies of Scale
Potential Competitors
Competitors
Distribution Channels
have high levels of customer loyalty caused
Competitors
Product Differentiation
Distribution Channels
Potential Competitors
refers to the full lifecycle of a product or process, including material sourcing, production, consumption and disposal/recycling processes
Value Chains
Value System
Capability Building
all of the above
- Putting together a strong management team
STRUCTURING THE ORGANIZATION AND WORK EFFORT
BUILDING CORE COMPETENCIES AND COMPETITIVE CAPABILITIES
STAFFING THE ORGANIZATION
all of theabove
a basic process performance metric
all of the above
through time
put through time
throughput time
is the ability to spread fixed costs
over a large production volume.
ECONOMIES OF SCALE
LEARNING EFFECT
Flexible Manufacturing
all of the above
uses inventories and production requirements for planning and
control to ensure materials are available as required to meet production schedules. This
material planning includes managing logistics, stock levels, materials quality, cost and more.
JUST-IN-TIME (JIT)
PROCESS
MATERIALS MANAGEMENT
BENEFITS
