Question: this is the question you have to answer and the Strategic Management Process chart explain in Chapter2. Need answer with more details please. please By
this is the question you have to answer and the Strategic Management Process chart explain in Chapter2. Need answer with more details please.
By looking at the Strategic Management Process chart in Chapter2, how would you lead the Ukraine-Russia war accordingly? Rules: -Homework should be maximum 2 pages, not more. Characteristics of Strategic Decisions Strategic decisions have three characteristics: . Rare Strategic decisions are unusual and typically have no precedent to follow . Consequential: Strategic decisions commit substantial resources and demand a great deal of commitment from people at all levels. Directive Strategic decisions set precedents for lesser decisions and future actions throughout an organization Because of these three characteristics, the consequences of strategic decisions have high risks. Therefore; 1. Risk management 2. Financial Management 3. Quality Management 4. Resource Management 5. Time Management and 6. Administrative Management These should be handled coordinately with strategic management Phases of Strategic Management Phase 1 Basic financial planning Phule 2 Forecabed plannine Phase 3: Externally oriented stratepc planning Puse Strate management 1- Basic financial planning Managers initiate - Forecast-based planning As annual serious planning when they are requested to budgets become less useful at stimulating propose the following year's budget. Normal long term planning managers attempt to company activities are often suspended for two propose five-year plans. The time horionis week while managers try to cram ideas into the usually three to five years proposed budget. The time horizon is usually Especially in the crisis period, the annual one year programs based on monthly studies are important Phases of Strategic Management 3-Strategic planning Frustrated with highly political yet ineffectul five year plans top management takes control of the planning process by initiating strategic planning. The company seeks to increase its responsiveness to changing markets and competition by thinking strategically Strategic planning consists of written evaluations of the main objectives of the Institution and the acquisition and development of institutional resources to achieve these goals 4. Strategic management Realizing that even the best strategic plans are worthless without the input and commitment of lower-level managers, top management forms planning groups of managers and key employees at many levels, from various departments and workgroups. They develop and integrate a series of strategic plans aimed at achieving the company's primary objectives. Strategic plans at this point detail the implementation, evaluation and control issues. Strategic Management; Evaluates the internal and external environment of the company Determines and analyzes of the organization's own strengths, weaknesses and the opportunities and threats of the environment Predicts the expectations of the relevant institutions and other stakeholders. Strategic management ensures these expectations are successfully accomplished in the presence of the competitors. it facilitates adaptation to changing environmental conditions and ensures the identification of the best alternatives for the future. Taking these into account, it enables the necessary revisions in the existing decisions Strategic Management; Strategic management considers the institution's objectives and community preferences in an integrated manner. Aware of its social responsibility for the community. Guides junior managers. The aims and activities determined by the strategic management are the common motivation for everyone to the lowest level within the organization, Applies management tools such as total quality, process management, restructuring, customer and employee satisfaction together to create synergy Embraces the uncertainty of change as a philosophy and makes use of it. Adopting creativity as a philosophy, instead of "me too strategies based on imitating the best. Strategic Management; It bounds tightly to the vision, to feel continuously the enthusiasm as of newly established company. Provides an open strategic vision for the organization and an improved understanding of the rapidly changing environment. STRATEGIC MANAGHET Helps the institution to operate successfully in the dynamic and complex environment. Institutions need to be less bureaucratic and more flexible to be competitive in dynamic environments. Strategic flexibility requires emphasis on the development of critical resources in the long term. By looking at the Strategic Management Process chart in Chapter2, how would you lead the Ukraine-Russia war accordingly? Rules: -Homework should be maximum 2 pages, not more. Characteristics of Strategic Decisions Strategic decisions have three characteristics: . Rare Strategic decisions are unusual and typically have no precedent to follow . Consequential: Strategic decisions commit substantial resources and demand a great deal of commitment from people at all levels. Directive Strategic decisions set precedents for lesser decisions and future actions throughout an organization Because of these three characteristics, the consequences of strategic decisions have high risks. Therefore; 1. Risk management 2. Financial Management 3. Quality Management 4. Resource Management 5. Time Management and 6. Administrative Management These should be handled coordinately with strategic management Phases of Strategic Management Phase 1 Basic financial planning Phule 2 Forecabed plannine Phase 3: Externally oriented stratepc planning Puse Strate management 1- Basic financial planning Managers initiate - Forecast-based planning As annual serious planning when they are requested to budgets become less useful at stimulating propose the following year's budget. Normal long term planning managers attempt to company activities are often suspended for two propose five-year plans. The time horionis week while managers try to cram ideas into the usually three to five years proposed budget. The time horizon is usually Especially in the crisis period, the annual one year programs based on monthly studies are important Phases of Strategic Management 3-Strategic planning Frustrated with highly political yet ineffectul five year plans top management takes control of the planning process by initiating strategic planning. The company seeks to increase its responsiveness to changing markets and competition by thinking strategically Strategic planning consists of written evaluations of the main objectives of the Institution and the acquisition and development of institutional resources to achieve these goals 4. Strategic management Realizing that even the best strategic plans are worthless without the input and commitment of lower-level managers, top management forms planning groups of managers and key employees at many levels, from various departments and workgroups. They develop and integrate a series of strategic plans aimed at achieving the company's primary objectives. Strategic plans at this point detail the implementation, evaluation and control issues. Strategic Management; Evaluates the internal and external environment of the company Determines and analyzes of the organization's own strengths, weaknesses and the opportunities and threats of the environment Predicts the expectations of the relevant institutions and other stakeholders. Strategic management ensures these expectations are successfully accomplished in the presence of the competitors. it facilitates adaptation to changing environmental conditions and ensures the identification of the best alternatives for the future. Taking these into account, it enables the necessary revisions in the existing decisions Strategic Management; Strategic management considers the institution's objectives and community preferences in an integrated manner. Aware of its social responsibility for the community. Guides junior managers. The aims and activities determined by the strategic management are the common motivation for everyone to the lowest level within the organization, Applies management tools such as total quality, process management, restructuring, customer and employee satisfaction together to create synergy Embraces the uncertainty of change as a philosophy and makes use of it. Adopting creativity as a philosophy, instead of "me too strategies based on imitating the best. Strategic Management; It bounds tightly to the vision, to feel continuously the enthusiasm as of newly established company. Provides an open strategic vision for the organization and an improved understanding of the rapidly changing environment. STRATEGIC MANAGHET Helps the institution to operate successfully in the dynamic and complex environment. Institutions need to be less bureaucratic and more flexible to be competitive in dynamic environments. Strategic flexibility requires emphasis on the development of critical resources in the long term please


Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
