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| File Name: | Introduction to Strategic Management |
| Content Source: | https://www.udemy.com/course/introduction-to-strategic-management |
| Genre / Category: | Other Tutorials |
| File Size : | 1 GB |
| Publisher: | udemy |
| Updated and Published: | December 23, 2021 |
Introduction to Strategic Management — Free download
What you’ll learn:
Explain What is Strategic Management
Explain What is a Strategy
Describe the Strategy Statement and its Components
Explain the Steps of Strategic Management Process
Describe the Components of Strategic Management Process
Differentiate between Strategy Formulation and Strategy Implementation
Differentiate between Strategic, Administrative and Operational Decisions
Describe the Qualities of a Strategic Leader
Explain What is a Business Policy
Describe the Structure of BCG Matrix
Describe the Factors of SWOT Analysis
Explain Porter’s Five Forces Model of Competition
Explain What is Corporate Governance
Explain What is Business Ethics
Describe the Core Competency Theory of Strategy
Requirements:
No prior knowledge is required
Description:
Strategic Management is all about identification and description of the strategies that managers can undertake so as to achieve better performance and a competitive advantage for their organization. An organization is said to have competitive advantage if its profitability is higher than the average profitability for all companies in its industry.
The manager must have a thorough knowledge and analysis of the general and competitive organizational environment so as to take right decisions. Managers should use the results of the SWOT Analysis to make best possible utilization of the organizational strengths, minimize the organizational weaknesses, make use of arising opportunities from the business environment and shouldn’t ignore the threats.
They should conduct a SWOT Analysis which is an analysis of the Strengths, Weaknesses, Opportunities, and Threats of an organization. Strategic management is nothing but planning for both predictable as well as unfeasible contingencies. Strategic Management is a way in which strategists set the objectives and proceed about attaining them.
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