Strategic Management
Term or when plans must remain current as changes occur within and outside the company.
What is strategic management?
Planning process to avoid.
What is future problems?
Outline of a basic step management is going to take to achieve a goal.
What is Strategies?
SWOT meaning
What is:
Strength
Weakness
Opportunities
Threats
Set goals for the performance of the company.
What is top management?
The study of an issue and prep. of a written document to deal with the problem.
What is formal planning?
3 primary levels in strategies
What is Grand/corporate, business, and functional?
The action stage of strategic management
What is implementing strategy?
Responsibility is it to develop corporate plans for the future.
What is upper management?
The time period of operational planning.
What is around a one year planning?
What is Stability, retrenchment, and combination strategy?
Outlines why company exists.
What is mission statement?
3 approaches is Strategic Management.
What is Formulation, implementation, and evaluation
Three strategic planning types.
What is senior management, middle management, and supervisory management?
Functional strategies.
What is sales and marketing, production, financial, research and development, and personnel?
Process of continuously monitoring the company's progress toward its long-range goals.
What is evaluating strategy?