Explain the strategic management process within the global environment. Things to include for this bullet: Where are we now? Where do we want to go?
Explain the strategic management process within the global environment.
Things to include for this bullet:
Where are we now?
Where do we want to go?
How are we going to get there?
Develop vision
Mission statement
SWOT
Forecast
Analyze competition
Set goals and objectives
Action plans
•Describe the role of corporate governance in strategic decision making.
Things to include for this bullet:
Other research
•Conduct various environmental analyses as they relate to an organization.
Things to include for this bullet:
Internal- value chain analysis (Strengths and Weaknesses)
External- (PEST) Political Economic Social Cultural Technological changes; Porter’s Five Forces Analysis
•Identify challenges in strategy implementation.
Things to include for this bullet:
Product diversification
Competing across borders
Employee fear of change
Customers not liking change in strategy
•Create strategies and potential strategic alternatives for different situations.
Things to include for this bullet:
Strategies that are developed around Culture type or different markets
Different Strategies for different products
Partnerships
•Include anything else that you deem important to support your strategic management plan. 6 sentences min
How this pertains to project management.
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