BU481 Chapter Notes - Chapter 1: Strategic Management, Balanced Scorecard

249 views3 pages

7 May 2018

School

Department

Course

Professor

For unlimited access to Textbook Notes, a Class+ subscription is required.

BU481

Business Policy Quiz 1

Class 1

• Strategic management is a ogoig proess that evaluates ad evolves a fir’s diretio y:

o Assessing competitive environment and setting goals

o Determining and choosing between strategic choices

o Regularly re-assessing implementation

o Evaluating changing/newly emerging circumstances

• Components of a Strategy

• Diamond-E Framework focuses on the integration of all relevant elements for a big picture view

o Environment, strategy, management preferences, organization, resources, and

capabilities

o Tensions: want to, need to, and can do

• Strategic Analysis Process:

o Issue identification, external analysis (Porter’s 5 Fores, Idustry Value Chai, PEST,

CSF), internal analysis (strategy), (Diamond-E), financial, competitor, strategic choice,

recommendation, action plan/implementation, risks/contingency

Lecture 2

find more resources at oneclass.com

Unlock document

This preview shows page 1 of the document.
Unlock all 3 pages and 3 million more documents.

Already have an account? Log in

Get access