What is Strategic Management

What is strategic management?

• The objective is to position the organisation optimally for the present.

• The ultimate objective is to position the organisation optimally for the future.

• The ultimate strategy is to allow the employees to be happy.

• The ultimate objective is to get through daily operations.

What important tasks does an organisation have, strategically?

• Allow the leaders to micro-manage everything.

• To create daily goals that might be unrealistic, but ambitious.

• To formulate a vision, mission, values & long term direction.

Name/ pick 2 more important strategic tasks an organisation should consider.

• Internal environmental analysis.

• Medial environmental analysis.

• Micro-management.

• Strategy Implementation.

What is the ultimate goal for completing tasks in strategic management? To create a ...

Strategy originates from the Greek word: strategos. What did this mean?

• Military general. Outsmarting your ally.

• Military commander. Considering your opponent.

• Military chief. Outsmarting your opponent.

• Military commander. Outsmarting your opponent.

Name 2 of the Key Elements of Strategy.

• Sustainability.

• Constructivism.

• Adding of value.

• Cashflow.

Name 2 more Key Elements of Strategy.

• Gross profit margin.

• Competitive Advantage.

• Alignment with its environment.

• Intellect.

What type of tasks would you prefer? (Including ICE tasks)

• Groupwork. (Online/ social distancing)

• Quiz.

• Research & writing.

• Video with discussion.

• Debating a topic in class.