Strategic Management Session 1-Recap

It often work with strategic improvements.

• Strategist

• Strategic formulator

• Strategic implementer

• Strategic planner

The first step in strategic management is to define an explicit _______.

• plan

• problem

• solution

• strategy

"To be among the top 5 food companies in the world" is an example of ______

• goal

• mission

• objective

• vision

"To serve great-tasting food, bringing the joy of eating to everyone" is a clear statement of ______

• mission

• long-term goal

• product-oriented

• short-term goal

It is a set of decisions and actions between organizations and environment to achieve organizational goals.

• Strategic development

• Strategic formulation

• Strategic management

• Strategic plan

The following are factors to consider in dealing with strategy EXCEPT ______

• competitor

• market

• organization's environment

• strategic plan

It refers to the purpose of strategy that is something the organization does especially well in comparison to its competitors.

• Build synergy

• Core competence

• Deliver value

• Environmental scanning

A tactical course of action that is designed to achieve long-term objectives.

• Formulation

• Implementation

• Planning

• Strategy

It is best described as one of the features of strategy.

• It is a responsibility from the top to down level of management.

• It is future oriented.

• It allocates small amount of resources.

• It is designed for customer purposes only.

It is the heart of strategy.

• Build synergy.

• Core competence of company.

• Deliver value to customer.

• Identifying problem.