Strategic

Strategic

Strategic management begins with an evaluation of the organizationfs current mission, goals, and strategic. This evaluation is followed by situation analysis called SWOT analysis. In SWOT analysis Strength and Weakness within the organization is identify and it will examine the opportunity and treat in the external environment. After the situation analysis, management have to formulate the explicit strategic plan, and implement them effectively.

Strategic formulation take place at 3 levels, corporate, business, and functional level. In Corporate grand strategic there are growth, stability, and retrenchment and global. It can achieve by BCG matrix. BCG operate business along two dimensions, business growth rate and market share. Like Gillette has portfolio strategic and planning in different business and products. One approach to business-level business strategic is Porterfs competitive force and strategies. The five forces are: 1) Potential new entrants, capital a...