8 Strategy Formulation and Implementation

ChapteRchapteRCHAPTER OUTLINET hinking StrategicallyWhat Is Strategic Management?Grand StrategyGlobal StrategyPurpose of StrategyLevels of StrategyThe Strategic ManagementProcessStrategy Formulation VersusImplementationSituation AnalysisFormulating Corporate-LevelStrategyPortfolio StrategyThe BCG MatrixFormulating Business-LevelStrategyPorter s Competitive Forces andStrategiesPartnership StrategiesFormulating Functional-LevelStrategyStrategy Implementation andControlLeadershipStructural DesignInformation and Control SystemsHuman ResourcesImplementing Global Strategies8 StrategyFormulation andImplementationLEARNING OBJECTIVESA fter studying this chapter, you should be able toDefine the components of strategic the strategic planning process and SWOT Grand Strategies for domestic and internationaloperationsDefine corporate-level strategies and explain the business-level strategies, including Porter scompetitive forces and strategies and partnership the major considerations in formulating the organizational dimensions used forimplementing might be the world s most powerfulbrand, but that has not helped much Douglas Daft took over as CEO of theCoca-Cola Company, he inherited a host oftroubles.

tough choices and trade-offs that define and support strategy.8 However, senior executives at such companies as General Electric, 3M, and Johnson & Johnson want middle- and low-level managers to think strategically.

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