BUSI 4701U Chapter Notes - Chapter 2: Financial Statement, Balanced Scorecard, Myofascial Trigger Point
Document Summary
Factors shaping decisions in the strategic management process. Industries are characterized by set of strategy elements, competitive capabilities or product attributes: what are the company"s external opportunities and threats, capture the company"s most attractive opportunities and defend against. Internal considerations threats: how well is the present strategy working, stronger a company"s current overall performance, the less likely for strategic change, weak performance the more its current vision, strategy, and approach to strategy is questioned. Internal functions and activities in a cost-effective manner and if the company"s costs are in line with competitors: is the company competitively stronger or weaker than key rivals, execute strength and improve vulnerable areas. Developing a strategic vision (stage 1 of strategic management process) No specifics about the company"s product-market-customer-technology focus fall well short. Where we going of what it takes for a vision to measure up.
