Strategic Management Overview

What is Strategic Management?

What are the key steps in Strategic Management?

What is the foundation of all strategy?

• Vision/Mission

• Execution and Monitoring

• SWOT/PESTLE

What are the tools to analyze internal strengths/weaknesses and external opportunities/threats?

• Vision/Mission

• Execution and Monitoring

• SWOT/PESTLE

What are the top tech trends for 2023-2024?

• AI/ML

• Blockchain

• IoT

• 5G & Edge Computing

What is the role of technology in strategy?

What are the challenges in service-oriented business?

• Intangibility

• Heterogeneity

• Perishability

What is the importance of customer loyalty in service-oriented business?

What is the primary purpose of a mission statement?

• To outline the company's goals

• To provide a roadmap for strategy

• To define the company's values

What is a key component of effective strategy execution?

• Resource Allocation

• Market Research

• Employee Training