8. The Strategic Planning Process Develop Vision, Mission, Shared Values, Motto, Goals and Objectives Strategy Implementation Crafting Strategy Environmental Scanning Evaluation and Control
50. Using Root Cause Analysis For Identification of Causalities Declining Sales Marketing Production Human Resource Materials Management Dull Product Image Deficiency in Promotion Reduced Quality Inappropriate Planning High Staff Turnover Lack of Vital Expertise Poor Inventory
55. Using Porter’s Five Forces for Industry Mapping Potential Entrants Substitutes Suppliers Buyers Competitive Rivalry Threat of Entrants Threat of Substitutes Bargaining Power Bargaining Power Source: Michael Porter, Competitive Strategy
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72. Motivations for Global Strategies GLOBAL STRATEGIES Access Strategic Markets Access National Incentives Cross- Subsidize Create Global Associations Obtain Scale Economies Access Low-Cost Labour/Materials Dodge Trade Barriers Source: David Aaker, Developing Business Strategies
73. Using SWOT Analysis to Suggest and Test Strategies Situation Audit Data Base Strengths Weaknesses Opportunities Threats Mission Goals Cash Flow Product Line Competition Facilities etc Suggest Strategies Tested Against Source: George Steiner and John Miner
74. Mintzberg & Quinn Model for Strategy Implementation Mintzberg & Quinn Model for Strategy Implementation
75. Cole’s Model for Strategy Implementation Strategic Choice (The Strategy) Organizational Structure (Framework) Managerial Authority & Power (Leadership) Financial & Physical Resources ( Resources) Organizational & Individual Values ( Culture) Personnel Skills & Development ( Resources) Strategy Implementation
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79. Thank You Dr. Elijah Ezendu elezendu@yahoo.com, 234 8033024596, 234 8058835237
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