Description
Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy.
Strategy Implementation
• Structure • Strategy
Matching Structure & Strategy
• Vertical Integration (Forward or Backward) Example - Steel Company Into Mining Ore industry - RIL (Patron Chemical Product-Oil Refinery-Prod of oil) • Function organization • Multidivisional firm (Smaller Businesses)
7-S Model
• • • • • • • Structure Strategy System Style Staff Skills Superordinate goals
Operationalizing Strategy
•
•
Strategic Plan
Operational Plan
1) Nonrecurring activities 2) recurring activities
Nonrecurring activities
• • • • Single use Plan Program Project Budgets
Recurring activities
• • • • Standing plans Policies Standard procedures and methods rules
Management by objectives (MBO)
• Annual Objectives
• Set Of Proceedure • Common Goals
doc_657924911.ppt
Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy.
Strategy Implementation
• Structure • Strategy
Matching Structure & Strategy
• Vertical Integration (Forward or Backward) Example - Steel Company Into Mining Ore industry - RIL (Patron Chemical Product-Oil Refinery-Prod of oil) • Function organization • Multidivisional firm (Smaller Businesses)
7-S Model
• • • • • • • Structure Strategy System Style Staff Skills Superordinate goals
Operationalizing Strategy
•
•
Strategic Plan
Operational Plan
1) Nonrecurring activities 2) recurring activities
Nonrecurring activities
• • • • Single use Plan Program Project Budgets
Recurring activities
• • • • Standing plans Policies Standard procedures and methods rules
Management by objectives (MBO)
• Annual Objectives
• Set Of Proceedure • Common Goals
doc_657924911.ppt