Transcription of 8 Strategy Formulation and Implementation
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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.
The corporation wants to stay in its current business, such as Allied Tire Stores, whose motto is, “We just sell tires.” After organizations have under-gone a turbulent period of rapid growth, executives often focus on a stability strategy to integrate strategic business units and ensure that the organization is working efficiently.
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