Strategy Development
Leaning to much on the past
What is Drift in a company
Government, society, culture and economics
External Environment
a vivid, guiding image of the organization’s desired future—the future it hopes to attain through its strategy
Vision Statement
cost leadership and differentiation
What are two of Porter's competitive strategies
the selective “pruning” of parts of the organization that are underperforming or that are no longer in line with the organization’s strategy.
Planning Process
Formulation, Development, Implementation, Evaluation
PESTLE
What is Political, Economic, Social, Technological, Legal and Environmental categories
beliefs that are important to an organization and often dictate employee behavior.
Organizational Values
Building an operation from the ground up
What is a Greenfield Operation
Another company is brought in to manage and run the daily operations of the local business. Decisions about financing and ownership reside with the host-country owners.
Management Contract
SWOT
Whht is Strengths, Weaknesses, Opportunities and Threats.
internal environment
Human Resources, Leadership, Operations, Sales and CS, Facilities and Info Systems, Finance and Admin.
the original balanced scorecard
risk analysis, staffing, working with local authorities, and implementing HR policies and procedures in the new operations
What is involvement for greenfield operations
What department budget contains strategic and operational budgets
HR
Organizational, Business Unit and Operational
What are levels of Strategies?
measures deviation from goals
Feedback
SMARTER
What is Specific, Measurable, Achievable, Relevant, Time bound, evaluate and Revise.
Brownfield Operation
what is a company repurposes, through expansion or redevelopment, an abandoned, closed, or underutilized industrial or commercial property.
What items are included in the operational budget?
Talent acquisition.Training and development.Compensation and benefits. Employee and labor relations. Health, safety, and security. Information technology. Planning. Philanthropy.
the process of setting goals and designing a path toward a competitive position
Strategic Planning
specifies what activities the organization intends to pursue and what course management has charted for the future—a concise statement of the organization’s strategy
Mission Statement
Benchmarking
what is: compares performance levels and/or processes of one entity with those of another to identify performance gaps and set goals aimed at improving performance.
A growth strategy that Companies agree to share assets, such as technology or sales capabilities, to accomplish a goal. The relationship may have varying degrees of tightness and formality. Some alliances involve customers, partners, or competitors.
What is Strategic Alliance
one funds projects that are aligned with the organization’s strategic goals, the other funds internal activities.
Strategic Budget and Organization budget