Porters frameworks and the resourcebased view of the firm pdf 1. Ba7 302 notes syllabus all 5 units notes are uploaded here. The daily newspaper business sections and the wall street journal are filled with corporate strategies. In fact, it must lie in society since a business enterprise is an organ of society. Business policy and strategic management learning objectives learn what business policy and strategy is all about. The subject is situational and so a script will never be enough but is meant to imbibe in student a.
The theory and practice of strategy in business organizations. Conceptualization of project dynamics and the issuestradeoffs involved in strategic management of projects. The term strategic management is used to denote a branch of management that is concerned with the development of strategic vision, setting out objectives, formulating and implementing strategies and introducing corrective measures for the deviations if any to reach the organizations strategic intent. Corporate governance concept, issues, models, evolution and. He felt that management could use the grid to systematically prepare for the future. Therefore, this research aims to assess the acquired knowledge of university management students relating to strategy and strategic management concepts with the purpose of answering the. Jofre foreword the present report is the result of an ongoing study on the patterns and trends on both the theory and practice in the field of strategic management. In the early stages of development, strategic management concepts revolved around microeconomics.
It is the function performed not only by corporation president and the army general but also of the shop supervisors and the company commander. Lecture notes strategic management i sloan school of. The evolution of corporate governance and consequent domestication in kenya rita ruparelia amos njuguna chandaria school of business p. Origin and evolution of strategic planning in the united nations. In his 1965 classic corporate strategy, he developed gap analysis to clarify the gap between the current reality and the goals and to develop what he called gap reducing actions. An overview learning objectives after completion of the unit, you should be able to. Jagdish sheth, a respected authority on marketing and strategic planning, provides. Corporate governance deals with determining ways to take effective strategic decisions. Strategy and corporate evolution strategic management mergers. Mba strategic management lecture notes pdf download mba. Concept based notes business policy and strategic management. If we want to know what a business is, we have start with its purpose. Strategies can be classified into corporate, businessunit and functional strategies. Strategy and corporate evolution free download as pdf file.
It is the technique by which companies are directed and managed. By so doing, it appears to have 1 1 visioning,strategic planning, and corporate. Corporate evolution and strategic management mba pt vth. Mba strategic management lecture notes pdf download mba 3rd. Download mba strategic management lecture notes pdf. May 29, 2016 he felt that management could use the grid to systematically prepare for the future. The need to strengthen the implementation of resultsbased management by defining corporate strategic plans and developing the related tools required for monitoring.
The theory and practice of strategy in business organizations s. Anna university ba7302 strategic management syllabus notes 2 marks with answer is provided below. Minimizes competitive disadvantage it minimizes competitive disadvantage and adds up to competitive advantage. Strategic managementunit i strategy and process 9conceptual framework for strategic management, the concept of strategy and thestrategy formation process stakeholders in business vision, mission and purpose business definition, objectives and goals corporate governance and socialresponsibilitycase study. Strategic informationit is required by the managers at the strategic level of management for the formulation of organisational strategies. The survival and success of an organisation depend to a large extent on the competence and character of its management. Evolution of strategic management in strategic management. Strategicgroup competitive changes during industry evolutionindustry.
Find materials for this course in the pages linked along the left. The evolution of corporate governance and consequent. Strategic thinking and subsequent management must result in action. The evolution of strategic management strategic management. Tactical information information in this category is used in short term planning and is of use at management control level. Strategic management process is a tool that has been successfully used by the ailing corporate. On the other hand, the strategic management journal also has a high level of citations 67 with greater link strength to other papers 1173. Chapter 1 an overview of financial management what is finance. Minimizes competitive disadvantage it minimizes competitive disadvantage and. Defining strategy, levels at which strategy operates, strategic decision making and approaches to strategic decision making, essence of strategic thinking, replacing planning. Difference between strategic management and business policy.
Strategic surprisingly, here there is ready agreement. Corporate social responsibility, and governance notes for mba pdf mba 3rd. Write a short note about management information system mis. Ba7302 strategic management syllabus notes question papers 2. Corporate governance concept, issues, models, evolution and significance. The strategic management subject is in effect since history but has been taught as a syllabus of recent, to win over the various limiting factors attached with the organisation. The key concepts of the companies concerned the sources of sustained competitive advantage i. Strategic management is the process by which top management determines the longterm direction of the organization by ensuring that careful formulation, implementation and continuous evaluation of strategy take place.
Special thanks is extended to those who participated in the case studies by sharing the details of their strategies. Their input, advice, and lessons learned, both successes and failures, have been incorporated into this document so that we may all apply better strategic management processes in our organizations. Nmims global access school for continuing education. Corporate governance refers to the way a corporation is governed. Force has thus twice deployed considerable efforts toward corporate strategic planning within a sixyear period. Discuss the nature and scope of corporate management and its role in nonbusiness organization corporate strategy is basically concerned with the choice of businesses, products and. Ba7302 strategic management syllabus notes question papers. Know the featurescharacteristics of strategic management.
Seeking more effective planning for growth by trying to predict the future beyond next year. Have an understanding of corporate vision and mission. The subject is situational and so a script will never be enough but is meant to imbibe in student a sense and direction of tact of management. The evolution of business strategy the strategic thinking. Seek better operational control by trying to meet budgets. The evolution of business policy to strategic management summaried below. Strategic management is defined as the process of evaluation, planning, and implementation designed to maintain or improve competitive advantage. And its purpose must lie outside the business itself. For more information about the course, visit our website and you can. Evolution of strategic management from the 1950s to the. O box 146340800 nairobi abstract governance determines the exercise of power in the management of economic and social resources for.
The phases of evolution of strategic management are. The aim of this research paper is to study about the art of strategic management and its role in the success of corporate sector. Strategic management is a broader term than strategy and is a process that includes top managements analysis of the environment in which the organization operates prior to formulat ing a strategy, as well as the plan for implementation and control of the strategy. They have some specific mission towards which all efforts are directed. Four phases in the evolution of formal strategic planning. Know the framework and importance of strategic management. Notes activities such as planning, organising, leading or controlling. Drucker emphasized the importance of marketing in his classic book, the practice of management as. Defining strategy, levels at which strategy operates, strategic decision making and approaches to strategic decision making, essence of strategic thinking, replacing planning with strategic thinking, strategic management process. Define strategic management and its four key attributes define. Mba finance notes 2020 download all semester books.
Strategy, strategic management, strategic planning and strategic thinking fred nickols. See note 6 on slide 76 2 mediumterm payout ratio is based on analyst estimates 3 reflects average cet1 capital. The evolution of business strategy by rich horwath while the underpinnings of the concept of strategy can be traced to military ancestry, the business application has gained in popularity and following. Strategic management course notes strategic analysis lecture 2 chapter 1 business models vision, mission, values learning objectives. Share this article with other students of mba finance for two years who are searching for mba finance books. Strategic management business policy 1 deals with strategic decisions that decide the longterm health of an enterprise. It takes major strategic decisions and formulates corporate level strategies.
1489 398 696 429 319 545 1519 1621 944 785 834 248 1493 295 1520 432 1122 69 64 1201 792 686 1008 1073 1172 1499 712 634 694 836 541 74 558 1659 639 779 1531 597 1652 686 1472 449 407 1059 49 675 161 527 118 162 227