BADM*4200 Chapter Notes - Chapter 2: Strategic Management, Root Mean Square, White Elephant
Document Summary
Chapter 2 - organization strategy & project selection. Strategy is implemented through projects, and every project should have a link to the organizations strategy. Organizations convert projects to convert strategies into new products, services, and processes, that"ll help the organization succeed. Organizations with links between their strategy and projects have more cooperation across the organization, perform better on projects and have fewer projects. Project managers need to understand an organizations strategy for two reasons: one so that they could make the appropriate decisions and adjustments, and two, so that they could become e ective project advocates. Strategic management: the process of assessing what we are and implementing what we want to be and how we"re going to get there. Strategic management positions the organization to meet the needs and requirements of its customers for the long term. The mission gives the general purpose of the organization. The goals give global targets with the missions.
