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Business Strategic Management

Business Strategic Management. Steps to strategic management. Environmental analysis Establish organizational direction Strategy formulation Strategy implementation Strategic control. Key objective areas. Market standing Innovation Productivity Resource levels Profitability

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Business Strategic Management

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  1. Business Strategic Management

  2. Steps to strategic management • Environmental analysis • Establish organizational direction • Strategy formulation • Strategy implementation • Strategic control

  3. Key objective areas • Market standing • Innovation • Productivity • Resource levels • Profitability • Manager performance and development • Worker performance and attitude • Social responsibility

  4. Strategic control • Typically consists of three steps • Monitoring performance • Comparing performance to standards • Taking corrective action where needed

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