The term ______ is used to refer to strategy formulation, implementation and evaluation, with ______ reffering only to strategy formulation.a. Assessment: Planningb. Management Cycle: Brainstormingc. Strategic management: Strategic planningd. Strategic planning: Strategic management
1. The term ______ is used to refer to strategy formulation, implementation and evaluation, with ______ reffering only to strategy formulation.a. Assessment: Planningb. Management Cycle: Brainstormingc. Strategic management: Strategic planningd. Strategic planning: Strategic management
my answer is:
D. Strategic planning: Strategic management
2. ESSAY: Compare and contrast Strategic Planning with Strategic Management
Answer:
Strategic planning and strategic management are two related but distinct concepts that are used to guide organizations towards achieving their goals and objectives.
Strategic planning is the process of developing a plan for an organization's long-term success. This process typically involves identifying the organization's goals and objectives, assessing the external and internal environment, and developing a plan of action to achieve those goals. The focus of strategic planning is on the future and on identifying opportunities for growth and development. It's a systematic and comprehensive approach which is based on a thorough analysis of the organization's internal and external environment, its strengths, weaknesses, opportunities and threats. It's also a formalized process that is usually carried out by top management and is reviewed and updated periodically.
Strategic management, on the other hand, is the ongoing process of implementing and monitoring the strategic plan. It involves the day-to-day management of the organization and the constant monitoring of progress towards achieving the goals and objectives set out in the strategic plan. The focus of strategic management is on the present and on taking action to achieve the organization's goals. It's a continuous process that involves monitoring and adjusting the strategic plan as needed to respond to changes in the internal and external environment. It's also a proactive process that involves taking advantage of opportunities and making changes to improve performance.
In summary, strategic planning is the process of developing a plan for the future, while strategic management is the ongoing process of implementing and monitoring that plan. Both are important for organizational success, but they serve different purposes and have different focuses. Strategic planning sets the direction for the organization, while strategic management ensures that the organization stays on course and takes action to achieve its goals.
Explanation:
3. 1. Explain why the concept of competitive advantage is central to the study of strategic management? 2. Define globalization and identify the role of strategic management in globalization. 3. How internet influenced strategic management?
Answer:
1.Competitive advantage is central to the study of strategic management. Few reasons are as follows: Competitive advantage strengthens the position of a company in the tough market conditions. Competitive advantage help in the strategic development of organizational functions like HR, Marketing, production, and so on.
2.Globalization refers to the process of integration and interaction of people and businesses around the world. It involves the growth of independent economies, populations, and cultures involving cross border trader for products and services.
3.The Internet is an extremely important new technology, and it is no surprise that it has received so much attention from entrepreneurs, executives, investors, and business observers. Caught up in the general fervor, many have assumed that the Internet changes everything, rendering all the old rules about companies and competition obsolete. That may be a natural reaction, but it is a dangerous one. It has led many companies, dot-coms and incumbents alike, to make bad decisions—decisions that have eroded the attractiveness of their industries and undermined their own competitive advantages. Some companies, for example, have used Internet technology to shift the basis of competition away from quality, features, and service and toward price, making it harder for anyone in their industries to turn a profit. Others have forfeited important proprietary advantages by rushing into misguided partnerships and outsourcing relationships. Until recently, the negative effects of these actions have been obscured by distorted signals from the marketplace. Now, however, the consequences are becoming evident.
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4. what is strategic management?
Strategic management provides overall direction by developing plans and policies designed to achieve objectives and then allocating resources to implement the plans. Ultimately , Strategic Management is for organisations to gain a competitive edge over their competitors.
5. strategic management is the management of a organization' resources to achieve its
Answer:
Strategic management is the management of an organization's resources to achieve its goals and objectives.
6. model of strategic management
Model of strategic managementStrategic management model is a tool used by the managers in planning and implementing business strategies.The model of strategic management are as follows:
1. Developing a strategic vision and mission of the business.
2. Setting objectives
3. Crafting strategy to achieve the objectives.
4. Implementing and executing strategy
5. Evaluation of performance, monitoring, new development and initiating corrective adjustments.
Here are the 16 strategic management model that the management can use:1. Balance score card
2. Strategy map
3. SWOT analysis
4. PEST model
5. GAP Planning
6. Blue ocean strategy
7. Porter's five forces
8. VRIO framework
9. Baldrige framework
10. Objectives and key results
11. Hoshin Planning
12. Issue-based strategic planning model
13. Goal-based strategic planning model
14. Alignment strategic planning model
15 Organic model strategic planning
16. Real-time strategic planning
Strategic planning meaning:
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7. Nature of Strategic Management
Answer:
answer mo lods pa kopya ako mamaya
Answer:
nature is made by god
Explanation:
nature is very important to us
8. strategic management in tourism and hospitality
Answer:
HCM441-Strategic Management in Hospitality and Tourism is a 400- level course. It is a two (2) credit unit course available to learners of the B.Sc Tourism Studies programme in the School of Management Sciences (SMS).
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9. application about strategic management
Answer:
► Strategic management is the continuous planning, monitoring, analysis and assessment of all that is necessary for an organization to meet its goals and objectives. ► The strategic management process involves analyzing cross-functional business decisions prior to implementing them.
10. Strategic management recommendation
Answer:WHAT ARE STRATEGIC RECOMMENDATION?
It is essentially a logic tree with the main point at the highest level followed by supporting points in the middle and the details at the lowest level. It starts at the top with the question or problem your strategy is intended to address. The next level presents the strategic recommendation.
WHY ARE STRATEGIC RECOMMENDATION IMPORTANT?A strategic plan allows you to put these business challenges into perspective. It gives you the foresight you need to tackle them in a coordinated way. You'll have a better view of the ways your business is affected by any particular problem, which in turn makes it easier to take control of your own future.
EXAMPLE OF STRATEGIC RECOMMENDATION- Financial Growth: To exceed $10 million in the next 10 years.
- Financial Growth: To increase revenue by 10% annually.
- Financial Efficiency: To decrease expenses by 5%.
- Financial Efficiency: To increase net profit by 10% annually.
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PA BRAINLIEST PO NG ANSWER KO11. What are the phases of strategic management?
Answer:
The four phases of strategic management are formulation, implementation, evaluation and modification.
12. pitfalls in strategic management
Answer:
Top pitfalls of strategic management
Short termism. ...
Ignoring external trends. ...
Overconfidence based on existing success. ...
Failure to respond to structural changes in the market. ...
Failure to employ the best possible team. ...
Failure to focus. ...
Answer:
Short termism. ...
Ignoring external trends. ...
Overconfidence based on existing success. ...
Failure to respond to structural changes in the market. ...
Failure to employ the best possible team. ...
Failure to focus. ...
Inability to foster belief in the strategy.
Explanation:
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13. why should managers be strategic?
Answer:
A strategic management process helps an organization and its leadership to think about and plan for its future existence, fulfilling a chief responsibility of a board of directors. Strategic management sets a direction for the organization and its employees.
14. What is strategic management?
Answer:
Strategic Management.
Explanation:
-Is the ongoing planning, monitoring, analysis and assessment of all necessities an organization needs to meet its goals and objectives. Changes in business environments will require organizations to constantly assess their strategies for success. :)))
15. why strategic Managementis part of Tourism ManagementCourse?
Answer:
Basically, because strategic management has all the necessary features that promise efficiency and effectiveness in achieving development goals in tourism. Namely, as one of the characteristics of strategic management, is that it promotes organizational efficiency in all entities involved in tourism
16. strategic management model
Strategic management model identifies concepts of strategy and the elements necessary for development of a strategy enabling the organization to satisfy its mission
17. what is Strategic management
Answer:
In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's top managers on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization operates.
18. What is strategic management
Answer:
Strategic management is the ongoing planning, monitoring, analysis and assessment of all necessities an organization needs to meet its goals and objectives. Changes in business environments will require organizations to constantly assess their strategies for success.
Explanation:
The purpose of strategic management is to help your business meet its objectives. Basically, it outlines the actions and decisions that allow an organization to achieve its goals.
19. benefits of strategic management
Answer:
strategic management offers other tangible benefits, such as an enhanced awareness of external threats,
Explanation:
sagot ko yan
Answer:
Discharges Board Responsibility. ...
Forces An Objective Assessment. ...
Provides a Framework For Decision-Making. ...
Supports Understanding & Buy-In. ...
Enables Measurement of Progress. ...
Provides an Organizational Perspective. ...
The Future Doesn't Unfold As Anticipated. ...
It Can Be Expensive
20. Define strategic management
Answer:
yan Po Ang ans.
Explanation:
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21. Strategic implementation and management
Answer:
Strategy implementation is the process by which an organisation translates its chosen strategy into action plans and activities, which will steer the organisation in the direction set out in the strategy and enable the organisation to achieve its strategic objectives.
22. what are the elements of strategic management?
Answer:
The strategic management process is made up of four elements: situation analysis, strategy formulation, strategy implementation, and strategy evaluation. These elements are steps that are performed, in order, when developing a new strategic management plan.
23. model of strategic management
Answer:
As mentioned in the earlier subtopic, the strategic management model comprises three parts, namely, strategy formulation, strategy implementation, and strategy evaluation and control. ... Figure 2.2 illustrates that the strategic management model begins with the development of the organisational vision and mission.
Answer:
AYAN NA
Explanation:
24. Explain the purpose and its importance of STRATEGIC ANALYSIS in strategic management process.
Answer:
Yes, it's important.
Explanation:
As strategic analysis analyzes an organization's external and internal environment, evaluates current strategies, and generates and evaluates the most successful strategic alternatives.
25. competitive advantage of strategic management
Answer:
Competitive advantage accrues to a firm when it does something that the rivals cannot do or owns something that the rival firms desire. For instance, for some firms, competitive advantage in these recessionary times can mean a hoard of cash where it can buy out struggling firms and increase its strategic position.
26. what is strategic management
Answer:
Strategic management is where people plan, monitor, assessing of all necessities, discuss and form strategies in an organization or company
27. why strategic management matter?
Question:
why strategic management matter?
Answer:
Strategic management mater because it provides overall direction by developing plans and policies designed to achieve objectives and then allocating resources to implement the plans.
Explanation:
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For the good of the people, they do it because it is their responsibility and they do what they can to support us.
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28. the explanation of strategic management
Answer:
Strategic management is the ongoing planning, monitoring, analysis and assessment of all necessities an organization needs to meet its goals and objectives. Changes in business environments will require organizations to constantly assess their strategies for success.
Explanation:
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29. define strategic management
Answer:
In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's managers on behalf of stakeholders, based on consideration of resources and an assessment of the internal and external environments in which the organization operates. Strategic management provides overall direction to an enterprise and involves specifying the organization's objectives, developing policies and plans to achieve those objectives, and then allocating resources to implement the plans. Academics and practicing managers have developed numerous models and frameworks to assist in strategic decision-making in the context of complex environments and competitive dynamics. Strategic management is not static in nature; the models can include a feedback loop to monitor execution and to inform the next round of planning.
30. summarize the strategic management
summarize the strategic management???
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Nasa picture po ang sagotExplanation:
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