Strategic management involves setting objectives, analyzing the competitive environment. Strategic management is defined as the process of evaluation, planning, and implementation designed to maintain or improve competitive advantage. Strategic management comprises of one of the most crucial aspects of any firm. Ltasks of strategic management lstrategic management is an ongoing process lwho performs the tasks of strategy lbenefits of managing strategically strategic management the art and science of formulating, implementing, and evaluating crossfunctional decisions that. Free download strategic management powerpoint presentation. Chapter 1 the nature of strategic management strategic management. The essentials of strategic management the essentials of strategic management provides us with a short, concise explanation of the most important concepts and techniques in strategic management. In the simplest terms, strategic management is the implementation of the strategy. Mba strategic management today organizations are working in an extremely driving marketplace. Session on strategic management for management students.
What is strategic management definition and features. Afterwards, the phenomenography research is described and explained. Strategic management meaning and important concepts. Strategy in the simple sense of the word is a plan designed to achieve an objective and planning as we all know is the primary function of management that lays down the base for the entire business. This is the first lecture of 40 lectures planned for anna universityanna university of technology students of 3ed semester mba. Free powerpoint templates topic business finance strategic management powerpoint template advertisement strategic management powerpoint template is a blue template for businesses that in particular you can use for annual balance presentations as well as. This article discusses some of the common pitfalls of strategic management and suggests some approaches to actualize strategies that make the firms market leaders. Marketing management by philip kotler powerpoint slides ppt. Defining market for the 21s century download ppt slides chapter no. Strategic management is a broader term than strategy and is a process that includes top management s analysis of the environment in which the organization operates prior to formulat ing a strategy, as well as the plan for implementation and control of the strategy.
Powerpoint slides download only for strategic management. Strategic planning if done poorly results in more harm than good and this is the reason why the pitfalls of strategic planning and strategic management must be avoided. They are all rooted in an understanding that people, processes, and technology are all integral to the longterm success of a business or organization. Jul 24, 20 the management definition is a single or group of individuals who challenges and oversees a person or collective group of people in efforts to accomplish desired goals and objectives. Ethical issues in strategically managed organizations surface when managers make decisions. What is strategic management, and why is it important. Strategic human resource management is an approach to the practice of human resources that addresses business challenges and makes a direct contribution to longterm objectives.
It includes environmental scanning, strategy formulation, strategy implementation and evaluation and control to achieve the objectives of an organization. Performance management is strategic in the sens e that is concerned with the broader issues facing. Accordingly, it is essential to consider business projects as well as organizations vision and policies. Introduction to strategic management l lecture1 youtube. Defining strategic management, planning outline l why strategic management. Strategic management presented by simran kaur mba 2nd year 2. May 30, 2017 in this video, i tried to frame the concept what is strategic management. Its the mission that guides the types of goals the managers will set for the company. All managerial actions must theoretically match an organizations central goals and departmentlevel operational goals. Define swot strengths, weaknesses, opportunities, and threats. Strategic management strategic management is a set of management decisions and actions that determines the longrun performance of a corporation.
They have some specific mission towards which all efforts are directed. Powerpoint is the worlds most popular presentation software which can let you create professional strategic management powerpoint presentation easily and in no time. Strategic management is all about identification and description of the strategies that managers can carry so as to achieve better performance and a competitive advantage for their organization. These concepts are clearly explained by citing various examples. Adapting market to the new economy download ppt slides chapter no. It is a rigorous explanation of many topics and concerns in strategic management. It includes environmental scanning, strategy formulation, strategy implementation and evaluation and control to. Generally, an ebook can be downloaded in five minutes or less.
Powerpoint is the worlds most popular presentation software which can let you create professional the strategic management powerpoint presentation easily and in no time. This helps you give your presentation on the strategic management in a conference, a school lecture, a business proposal, in a webinar and business and professional representations. Strategic management ppt free download as powerpoint presentation. It deals with the formation, regulation, and implementation of a corporate strategy to meet the overall goals of an organization. Introduction to strategic management linkedin slideshare. Strategic management process definition, importance, steps. Feb 12, 2020 strategic management is the management of an organizations resources to achieve its goals and objectives. Ppt strategic management powerpoint presentation free. Winning market through marketoriented strategic planning download ppt slides.
The term strategic management is used to denote a branch of management that is concerned with the development of strategic vision, setting out objectives, formulating and implementing strategies and introducing corrective measures for the deviations if any to reach the organizations strategic intent. May 17, 2020 strategic management process is an ongoing process of five steps which defines the way an organization makes its strategy to achieve its goals. Types of strategies in strategic management bizfluent. Concepts and cases, 2nd edition download powerpoints applicationzip 30. Strategic management articles management study guide. Unit 1unit 1 introduction definition, nature, scope and importance of.
Strategic management process define the business and establishing a. Free powerpoint templates topic business finance strategic management powerpoint template advertisement strategic management powerpoint template is a blue template for businesses that in particular you can use for annual balance presentations as well as strategic management powerpoint presentations. Strategic management is a broader term than strategy and is a process that includes top managements analysis of the environment in which the organization operates prior to formulat ing a strategy, as well as the plan for implementation and control of the strategy. This helps you give your presentation on strategic management in a conference, a school lecture, a business proposal, in a webinar and business and professional representations. Setting strategic objectives and performance targets formulating a strategy to achieve the target objectives and performance implementing and executing the strategic plan evaluating performance and reformulating the strategic plan. The methodology adopted in the survey is presented in the next section. Strategic management establishes a set of ongoing practices to ensure that the organizations processes and allotment of resources support the vision established in the strategic plan.
Internal processes of organizational change are caused or necessitated by processes of external environmental change. Building customer satisfaction, value and retention download ppt slides chapter no. Strategic management powerpoint template sketchbubble. How does environment play role in strategic management. Download the complete lean belly breakthrough program with special discount. This helps you give your presentation on the strategic management in a conference, a school lecture, a business proposal, in a webinar and business and professional representati. Ppt strategic management powerpoint presentation free to. In the armstrongs handbook of strategic management armstrongs handbook of strategic human resource management 2011, three key elements of shrm have been described by mabey et al 1998, they are, 1. Feb 08, 2016 strategic management strategic management is a set of management decisions and actions that determines the longrun performance of a corporation. The primary principle of strategic human resource management is to improve business performance and uphold a culture that inspires innovation and works unremittingly to. Strategic management process strategic management process is defined as the way an organization defines its strategy. The distinction between strategic thinking, strategic management and strategic planning 45 strategy in actionquick strategic thinking in unfavourable circumstances45 strategy in actionsony the disruptive innovator 50 principles for the successful use of strategy 61 finding the right strategic mix of entrepreneurial creativity and. Subsequently, the collected data are analysed and our model is tested. Strategic management process define the business and establishing a strategic mission.
Furthermore, the definition of management includes the ability to plan, organize, monitor and direct individuals. Objectives define the organizational relationship with environment. Strategic management is the continuous planning, monitoring, analysis and assessment of all that is necessary for an organization to meet its goals and objectives. Business policy statement dealing with acquisition of resources with which organizational goals can be achieved study of roles and responsibilities of top level management man made or predetermined course of action long range planning. Strategic management can be thought of in three categories. Companies whose managers set objectives for each key result area and then press forward with actions aimed directly at achieving these performance outcomes typically outperform companies while managers exhibit good intentions, try hard and hope for the best. Strategic management ppt strategic management goal free. Research methodology strategies in strategic management 107 a good theory in strategic management must meet the criteria of being uniqueness, parsimony, conservation, generalizability, fecundity, internal consistency, empirical riskiness, and abstraction. Mba in strategic management cultivates the capacity to factor the exceptional aspects of an association, construct and prescribe a technique to capitalize by them.