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Strategic Management Concepts & Cases 8 th edition Fred R. David Chapter 1: The Nature of Strategic Management PowerPoint Slides By: Anthony F. Chelte Western New England College

Organizing Themes ,[object Object],[object Object],[object Object]

Strategic Management Defined ,[object Object]

Strategic Management Club ,[object Object],[object Object]

Terminology ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Terminology ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Brief History ,[object Object],[object Object],[object Object],[object Object],[object Object]

Brief History ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Strategic-Management Process Three Stages Strategy Formulation Strategy Implementation Strategy Evaluation

Strategy Formulation Vision & Mission Alternative Strategies Long-Term Objectives Strengths & Weaknesses Opportunities & Threats Strategy Selection

Strategy Implementation Motivate Employees Policies Annual Objectives Resource Allocation

Strategy Evaluation Corrective Action Measure Performance Review External & Internal

Key Strategic Management Terms (Cont’d) ,[object Object],[object Object],[object Object],[object Object],[object Object]

Key Strategic Management Terms (Cont’d) ,[object Object],[object Object],[object Object],[object Object]

Strategic Management Terms (Cont’d) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Strategic Management Terms (Cont’d)

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Strategic Management Terms (Cont’d)

[object Object],[object Object],[object Object],[object Object],[object Object],Strategic Management Terms (Cont’d)

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Strategic Management Terms (Cont’d)

[object Object],[object Object],[object Object],[object Object],Strategic Management Terms (Cont’d)

Comprehensive Strategic Management Model Vision & Mission Statements Chapter 2 External Audit Chapter 3 Internal Audit Chapter 4 Long-Term Objectives Chapter 5 Generate, Evaluate, Select Strategies Chapter 6 Implement Strategies: Mgmt Issues Chapter 7 Implement Strategies: Marketing, Fin/Acct, R&D, CIS Chapter 8 Measure & Evaluate Performance Chapter 9

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Benefits of Strategic Management

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Benefits of Strategic Management (Cont’d)

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Benefits of Strategic Management (Cont’d)

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Why Some Firms Do No Strategic Planning

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Why Some Firms Do No Strategic Planning (Cont’d)

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Pitfalls to Avoid in Strategic Planning

[object Object],[object Object],[object Object],[object Object],[object Object],Pitfalls to Avoid in Strategic Planning (Cont’d)

[object Object],[object Object],[object Object],[object Object],Business Ethics & Strategic Planning

[object Object],[object Object],[object Object],[object Object],Business Ethics & Strategic Planning (Cont’d)

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Business Ethics & Strategic Planning (Cont’d)

Nature of Global Competition ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Advantages of International Operations ,[object Object],[object Object],[object Object],[object Object],[object Object]

Advantages of International Operations (Cont’d) ,[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],Disadvantages of International Operations

Key Terms & Concepts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Key Terms & Concepts (Cont’d) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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