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Initially Lecture1

 First Lecture1 Essay

PART 1 Basic Concepts of Strategic Administration

STRATEGIC ADMINISTRATION & BUSINESS POLICY

11TH EDITION

THOMAS L. WHEELEN J. DAVID HUNGER

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Basic Concepts of Strategic Managing

Globalization

Internationalization of market segments and businesses

Global (worldwide) markets rather than national marketplaces www.iugaza.edu.ps\emp\melfarra

Digital Commerce

Usage of the Internet to conduct business transactions

Basis for competition on a even more strategic level rather than classic focus on item features and costs

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Standard Concepts of Strategic Management

Electronic Trade -- Tendencies • • Forcing firm transformation Marketplace access & branding changing – disintermediation of traditional distribution channels Balance of power change to consumer Competition changing

• •

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Basic Ideas of Proper Management

Electronic Commerce -- Trends • • • Pace\speed of business increasing Internet purchasing beyond classic boundaries Expertise key advantage – way to obtain competitive benefit

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Strategic Managing Defined

Group of managerial decisions and actions that decides the long-run performance of your firm. It provides environmental checking, strategy formula, strategy execution, and analysis and control.

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Strategy ingredients

• Technique formulation is normally not a standard, continuous method but is normally initiated by simply generating situations, such as a new CEO or a performance difference.

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Basic Concepts of Ideal Management

four Phases of Strategic Managing • Businesses evolve through the following faces of tactical management. 1 ) Basic financial planning installment payments on your Forecast-based organizing 3. Externally-oriented planning 5. Strategic managing

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Basic Concepts of Tactical Management

1 .

2 .

several.

4.

Fundamental financial planning: initiate a few planning whenever they requested to build their costs; considers activities for one season. Forecast-based planning: consider tasks for more than 12 months. The time intervalle is usually approximately for five years. Externally-oriented planning: conduct strategic organizing by leading management plus they leave execution to low level. Strategic managing: planning simply by forming a team by all levels in the company. 1-ЩЁ

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Basic Principles of Ideal Management

Highly regarded Benefits • • • Clearer impression of proper vision Sharper focus on tactical importance Superior understanding of changing environment

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Basic Concepts of Strategic Management

Not Always an official Process • • • • In which is the corporation now? (not where do we hope that is) In the event no changes are made, in which will the organization be in 1, 2, five or a decade? What specific actions should certainly management undertake? What are the hazards and payoffs? 1-ЩЎЩ

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Basic Concepts of Strategic Management

Fundamental Elements of the Strategic Management Process

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Environmental Scanning Identified

Monitoring, analysis, and disseminating information by external and internal conditions –to crucial people inside the firm

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Simple Concepts of Strategic Managing

Environmental Factors

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Environmental Checking

SWOT Evaluation • • Strengths – Weaknesses Options - Hazards

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Strategy Formula

Development of long-range plans to get effective supervision of opportunities and risks in light of corporate pros and cons

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Strategy Formulation

Mission Affirmation • • • • Purpose/reason for organization Promotes shared expectations Communicates open public image Who have we are; what we do; what we...

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