1. Strategic Choices Article #1 (SPACE) Assessment and Analysis Strategies according to Space matrix-case study: petrochemical and banking industries in Tehran Stock Exchange (TSE) Introduction Although strategy concept exists since emersion of human race (Henderson‚ 1989) but "strategic planning" concept entered into the management texts in 1950 (Ali Ahmadi‚ 2006) since then different tools for each step of strategic planning including formulation‚ implementation and evaluation steps have been
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INTRODUCTION Strategic implementation processes require the work and attention of employees and managers at all levels within a business‚ especially when the changes occur in a small business environment. Because the implementation process has the potential to impact a wide range of duties and responsibilities‚ employees need to have a thorough understanding of their responsibilities during the process and afterward. A key role of a CEO ’s is to communicate a vision and to guide strategic planning.
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I : Strategic posture 1. Organizational profile | | | 5 | 2. Vision | | | 6 | 3. Mission | | | 6 | 4. Organizational objectives | | | 7 | 5. Corporate governance | | | 8 | 6. CSR | | | 9 | 7. Core values | | | 10 | 8. Code of conduct | | | 10 | Part II : External factor analysis 9. Stakeholders analysis | | | 11 | 10. PESTEL analysis | | | 13 | 11. Task environment | | | 14 | 12. Issues priority
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variety of strategic planning models‚ including goals-based‚ issues-based‚ organic‚ scenario. * Goals-based planning is perhaps the most common as it starts with a focus on the organization’s mission (and vision and/or values)‚ goals to work toward the mission‚ strategies to achieve the goals‚ and action planning. * Issues-based strategic planning often starts by examining issues facing the organization‚ strategies to address those issues‚ and action plans. * Organic strategic planning
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STRATEGIC MANAGEMENT 1.0 Analysis of Banking Industry in Nigeria. 1419 The Nigerian banking industry is one of the most dynamic and competitive industries in the Country. The role of banks in economic development has been richly articulated in the literature. Pioneer contribution of Schumpeter (1934) was of the view that financial institutions are necessary condition for economic
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Renault resources and capabilities plays a pivotal role in its strategic success according to porters view and in 1998 it was world’s ninth largest car manufacturer with 4.3% of the market portor’s view ‚ Renault’s main resources and capability is its unique product line that is supported by continuous innovation and improvements. In 1984‚ Renault adventure of multi making multipurpose vehicle failed due to economic and political issues (pestle analysis) that results in withdraw from making motorsports
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Strategic Management: Concepts and Cases‚ 13e (David) Chapter 1 The Nature of Strategic Management 1) Strategic management focuses on integrating management‚ marketing‚ finance/accounting‚ production/operations‚ research and development‚ and information systems to achieve organizational success. Answer: TRUE Diff: 1 Page Ref: 6 Topic: Introduction Objective: 1.01 Describe the strategic-management process. 2) Optimizing for tomorrow the trends of today is the purpose of strategic management. Answer:
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Strategic planning is an organization ’s process of defining its strategy‚ or direction‚ and making decisions on allocating its resources to pursue this strategy. In order to determine the direction of the organization‚ it is necessary to understand its current position and the possible avenues through which it can pursue a particular course of action. Generally‚ strategic planning deals with at least one of three key questions: “What do we do?”‚ “For whom do we do it?”‚ and “How do we excel?”. In
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Strategic management Definition of strategic management Strategic management is defines as the set of decision and action resulting in formulation and implementation of strategies designed to achieve the objective of an organization. It involves attention to following nine critical areas: 1. Determining the mission of the company‚ including broad statement about its purpose‚ philosophy and goals. 2. Developing a company profile that reflects internal condition of both capabilities. 3. Assessment
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N O RY ST IA F O R E WOR D DIRECTOR GENERAL DEPARTMENT OF POLYTECHNIC AND COMMUNITY COLLEGE EDUCATION MINISTRY OF HIGHER EDUCATION KE M T he roots of technical and vocational education‚ laid Like any strategic planning process‚ this strategic plan illustrates approximately a century ago‚ has been an important route those areas that will require our attention in order to ensure for secondary school leavers to gain access to post-secondary our future growth
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