5th Sem Strategic Management Notes

01 Organizational Strategy

1. Mission
   1. Mission Statement Elements and its importance
2. Objectives
   1. The necessity of formal objectives
   2. Objective Vs Goal
3. Strategy
   1. Developing Strategies
      1. Adaptive Search
      2. Intuition search
      3. Strategic factors
      4. Picking Niches
      5. Entrepreneurial Approach

02 Environmental and Internal Resource Analysis

1. Need For Environmental Analysis
2. Key Environmental Variable Factors<
3. Opportunities and Threats
   1. Internal resource analysis
4. Functional Areas Resource Development Matrix
5. Strengths and Weaknesses
   1. Marketing
   2. Finance
   3. Production
   4. Personnel
   5. Organization

03 Strategy Formulation

1. Strategy (general) Alternatives
   1. Stability Strategies
   2. Expansion Strategies
   3. Retrench Strategies
   4. Combination Strategies
2. Combination Strategies
   1. Forward integration
   2. Backward integration
   3. Horizontal integration
   4. Market penetration
   5. Market development
   6. Product development
   7. Concentric diversification
   8. Conglomerate diversification
   9. Horizontal diversification
   10. Joint Venture
   11. Retrenchment
   12. Divestiture
   13. Liquidation
   14. Combination

04 Strategic Analysis and Choice (allocation of Resources)

1. Factors Influencing Choice
   1. Strategy formulation
2. Input Stage
   1. Internal factor evaluation matrix
   2. External factor evaluation matrix
   3. Competitive profile matrix
3. Matching Stage
   1. Threats opportunities – weaknesses – strengths matrix (TOWS)
   2. Strategic position and action evaluation matrix (SPACE)
   3. Boston consulting group matrix (BCGM)
   4. Internal – External matrix
   5. Grand Strategy matrix
4. Decision Stage
   1. Quantitative Strategic Planning Matrix (QSPM)

05 Policies in Functional Areas

1. Policy
2. Product Policies
3. Personnel Policies
4. Financial Policies
5. Marketing Policies
6. Public Relation Policies

06 Strategic Implementation Review and Evaluation

1. McKinsey 7S Framework
2. Leadership And Management Style
3. Strategy Review And Evaluation
   1. Review the underlying bases of Strategy
   2. Measure Organisational Performance
   3. Take corrective actions