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Planing and Decision Making

This document discusses strategic management and planning. It outlines the process of strategy formulation, implementation, and evaluation. Strategy formulation involves developing a vision and mission, identifying opportunities and threats, analyzing strengths and weaknesses, and setting long-term objectives. Strategy implementation includes establishing annual objectives, allocating resources, and motivating employees. Strategy evaluation consists of reviewing internal and external factors, measuring performance, and making corrective actions. The document stresses that success today does not guarantee future success and strategic management involves dealing with uncertainty.

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44 views11 pages

Planing and Decision Making

This document discusses strategic management and planning. It outlines the process of strategy formulation, implementation, and evaluation. Strategy formulation involves developing a vision and mission, identifying opportunities and threats, analyzing strengths and weaknesses, and setting long-term objectives. Strategy implementation includes establishing annual objectives, allocating resources, and motivating employees. Strategy evaluation consists of reviewing internal and external factors, measuring performance, and making corrective actions. The document stresses that success today does not guarantee future success and strategic management involves dealing with uncertainty.

Uploaded by

123123azxc
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPT, PDF, TXT or read online on Scribd
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Course Facilitator : ATIF HASAN SIDDIQUI

Originated In 1950 Formulating, Implementing & Evaluating Cross Functional Decisions

Opportunities for Tomorrow Strategic Plan Choice Of Alternatives

Strategy Formulation
Strategy Implementation Strategy Evaluation

Development of Vision & Mission


Identification of Opportunities & Threats

Internal Strengths & Weaknesses


Long Term Objective

Generating Alternative Strategies


Selection of Strategy

Establishment Of Annual Objectives


Devise Policies Motivate Employees Allocate Resources Interpersonal Skills

Modification
Reviewing Internal & External Factors Measuring Performance

Corrective Actions

Success Today is no guarantee for success

Tomorrow !

Success creates new Issues Complacent organization experience demise

Strategic Management is not pure science !


Great Uncertainty General Motors/ Albert Einstein Management by Ignorance

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