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    Strama Pointers

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    Abby Par
    This document provides an overview of strategic management concepts including: 1) Understanding different business organizations and levels of management. 2) Strategy implementation refers to processes that ensure comprehensive plans are executed to achieve goals. 3) Management control systems collect and use information to assist management in monitoring activities.

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    Strama Pointers

    Uploaded by

    Abby Par
    29 views2 pages
    This document provides an overview of strategic management concepts including: 1) Understanding different business organizations and levels of management. 2) Strategy implementation refers to processes that ensure comprehensive plans are executed to achieve goals. 3) Management control systems collect and use information to assist management in monitoring activities.

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    Strategic Management pointers

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    STRAMA-POINTERS

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    This document provides an overview of strategic management concepts including: 1) Understanding different business organizations and levels of management. 2) Strategy implementation refers to processes that ensure comprehensive plans are executed to achieve goals. 3) Management control systems collect and use information to assist management in monitoring activities.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    29 views2 pages

    Strama Pointers

    Uploaded by

    Abby Par
    This document provides an overview of strategic management concepts including: 1) Understanding different business organizations and levels of management. 2) Strategy implementation refers to processes that ensure comprehensive plans are executed to achieve goals. 3) Management control systems collect and use information to assist management in monitoring activities.

    Copyright:

    © All Rights Reserved
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    Strategic Management

    Pointers to Review

    -Understanding Business Organization


    A business organization can be a sole proprietorship, partnership, or corporation

    -Strategy Implementation
    refers to activities or processes which ensure that comprehensive plans formulated at the three levels of
    management are efficiently executed to achieve the goals and objectives of a company.

    -Management Control System


    tool that collects and uses information to assist managements in monitoring and reviewing the activities.

    -VMGO
    The VMGO must be consistent from the corporate level down to the functional level of a company. It must have
    a hierarchical order from the vision to the policies.

    -Policies
    are internal broad guidelines intended to support the formulation of a strategy in order to achieve organizational
    goals and objectives through the proper utilization of resources

    –Strategy Implementation at Corporate Level including KPI

    -Approaches to Corporate Level Performances


    Traditional Approach
    The traditional approach to evaluating the corporate level performance involves the use of accounting data
    presented in the financial statements of a company.
    Total Perspective Approach
    Total perspective approach does not only evaluate the performance of a company in terms of its financial areas
    but also considers the non-financial areas.

    -The Hierarchy and Consistency of the VMGO


    Consistency is important in the implementation of a strategy. The VMGO must not only be vertically consistent
    but also horizontally consistent among the different functional levels. It cannot attain horizontal consistency if
    one or more functional units cannot align its or their activities with other units.

    -Functional Level Strategy Evaluation Approaches


    Responsibility Center Approach
    Benchmarking Approach
    Management Audit Approach
    -Different Organizational Structures that Influence the Patterns of Relationship
    1. Flat structure.
    2. Functional structure.
    3. Divisional structure.
    4. Matrix structure.

    -Different Leadership Style Employed by the Managers


    1. Autocratic
    2. Laissez-faire
    3. Democratic
    4. Bureaucratic
    5. Transformational
    6. Transactional
    7. Situational

    -3 Preparation to Implement Business and Functional Level Strategies


    1. Programs
    2. Budgets
    3. Procedures

    -Classification of the Roles and Responsibilities of Managers at Various Level.


    Planning. Organizing. Staffing. Directing. Controlling

    -Different Approaches to Evaluate the Strategy Implemented at Functional Level.


    Responsibility Center Approach- a unit in a company that is controlled by a manager who is accountable based
    on an entrusted responsibility.
    Benchmarking Approach- process of comparing the current products, services, and processes against those
    considered the best.
    Management Audit Approach- systematic process of evaluating the performance, competence, and capabilities
    of functional level managers

    -Formulation to Implement a Corporate Level Strategy.


    1. Vision and Mission
    2. Goals and Objectives
    3. Strategy and Policies

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