GMS 200 Lecture Notes - Lecture 7: List Of Fables Characters, Vertical Integration, Infomediary

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Bamidele Adekunle

Document Summary

Lecture 7 gms 200 october 30th strategic management process bamidele adekunle. Is about the future and how you remain competitive in the long run. Have a plan about the future; you want to make your business very good. The process of allocating resources and putting strategies into action. All organizational and management systems must be mobilized to support and reinforce the accomplishment of strategies. Assess current performance vis- -vis mission and objectives. Create strategic plans to accomplish purpose and objectives. Strengths, weaknesses, opportunities, threats (swot) analysis: swot analysis, figure in text. Context specific : analysis of industry and environment, assessment of macro environment: Technology: use of technology, access to it or ict. Government: policies that can ruin businesses, sponsor politicians (make them in your favour), learn the government. Social structures and population demographics: analysis of industry environment: When you talk about strategic forces you have to talk about the industry competitors, new entrants, suppliers, buyers, substitutes.