The following points highlight the five main stages involved in the process of strategic planning. The stages are: 1. Objectives 2. SWOT Analysis 3. Gap Analysis 4.Strategy Alternatives 5.Strategy Implementation. Stage # 1. Objectives: Both Drucker and Ansoff suggest that the overall objective of the firm is not profit maximisation but long-term profitability. Ansoff has identified a 'hierarchy of objectives' [...]
The implementation of corporate policies and strategies is an extremely complex problem. It is concerned with the application of various conceptual issues relating to organisation and management. Some of them are: 1. Organisational Structures and Processes 2. Organisation Design and Strategic Factors 3. Strategic Choice of Organisation Design 4. Organisation Development (OD) and a few others. Conceptual Issue # 1. [...]
Here is a compilation of essays on ‘Strategic Management’ for class 9, 10, 11 and 12. Find paragraphs, long and short essays on ‘Strategic Management’ especially written for school and college students. Essay on Strategic Management Essay Contents: Essay on the Definition of Strategic Management Essay on the Process of Strategic Management Essay on the Stages of Strategic Planning Process [...]