Definitions
Thinking to reach a goal or a long-term vision or reach a solution to an urgent problem
What is strategic thinking?
A ........................... is always about the future, it focuses on tomorrow. It is a place where the goals and aspirations of the organization are indicated, as well as the values that it wants to implement in the world. It is an expression of striving for something
VISION
Analysis helps in developing strategic plans based on a comprehensive understanding of the internal and external situation.
What is SWOT Analysis?
Focuses on translating ideas into actionable plans to achieve goals
Strategic Planning
"Providing jobs for the homeless and unemployed" would be an example of
Mission Statement
The ability to collect evidence and variables through research and communication and then work on analyzing these factors and variables in a way that supports the action plan to reach goals and problems
Analysis Skill
which concept Presents your “winning idea” – general idea of what your success looks like
MISSION
Market growth: Increased demand for products or services is shown in which part of SWOT analysis ?
Opportunities
Remember that the strategy is first about listening and then speaking. You need data, research, and feedback. On this basis, you build solutions that you later pass on, convincing others about their rightfulness.
Proper Communication
In the context of strategic management, what is a SWOT analysis used for?
Assessing internal strengths and weaknesses, as well as external opportunities and threats
Your strategy should be understandable not only to you and other people involved in its creation but above all to third parties. It is necessary to logically divide competencies, establish rules of responsibility for the performance of tasks, and indicate all stages necessary to go through in achieving a given goals
Clarity
Both ............... and ................ should be concise, simple, inspirational and clear
Vision and Mission
Beverage makers are finding that water sales are increasing due to consumers' preferences for healthy drinks. Which part of the macroenvironment does this represent?
Social Factors
It is critical that before an organization maps out its future there is some general agreement around where things currently stand. what is it called?
Assessment step, an analysis of the current internal and external environments is completed
Outperforming competitors in a critical aspect that matters to customers is ........
Competitive Advantage
................... is more than a science: it is the application of knowledge to practical life, the development of thought capable of modifying the original guiding idea in the light of ever-changing situations; it is the art of acting under the pressure of the most difficult conditions ”.
Strategy
......................... are critical to tracking progress of an organization's strategy. It’s possible to indicate different types of performance measures.
Performance Measures (KPIs)
Analysis helps companies understand the factors that affect their profitability and helps them formulate strategies to improve their competitive position.
Porter's Five Competitive Forces
...................... are qualitative, continuous improvement actions (outcomes) critical to strategy success
Objectives
The fundamental purpose of an organization’s mission statement is to ...
define the organization’s purpose in society
Analyzes disposable income and unemployment rates affecting consumer purchasing power is part of .............. ............. in PESTEL analysis
Economic factors
The perspective framework work together in a series of .................and .................(or drivers and results)
Cause and Effect
•Porter's Five Forces Analysis is a strategic analysis tool used to assess the competitive structure of an industry and determine the level of competition and market attractiveness developed by Michael Porter, a professor at Harvard University, in the year .....................................
1979
When we want to tell the story of how the organization will achieve the results desired , we use?
STRATEGY MAPPING
The Blind Men and the Elephant formation lesson was developed by
Henry Mintzberg