Strategic management. Selection of readings - Salvatore Torrisi

ISBN 9781307463699
AUTRICE/AUTORE Salvatore Torrisi

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...Resources In college it's not uncommon to experience frustration with reading assignments from time to time ... STRATEGIC MANAGEMENT READING LIST, 2002 - wmin.ac.uk ... . Because you're doing more reading on your own outside the classroom, and with less frequent contact with instructors than you had in high school, it's possible you'll encounter readings that contain unfamiliar vocabulary or don ... Most organizations can benefit from strategic management, which is based upon integrating intuition and analysis in decision making. Choosing an intuitive or analytic approach to decision making is not an either-or proposition. Managers a ... Strategic management. Selection of readings: Salvatore ... ... . Choosing an intuitive or analytic approach to decision making is not an either-or proposition. Managers at all levels in an organization inject their intuition and judgment into strategic-management analyses. These module course notes are designed to be used in conjunction with the core text book; the other books on the reading list are helpful as auxiliary reading. The course material is structured in four sections. The first section presents an overview of the evolution of strategic management concepts from the 1960s to the present. Strategic Management • Strategic management is a set of management decisions and actions that determines the long-run performance of a corporation. It includes environmental scanning, strategy formulation, strategy implementation and evaluation and control to achieve the objectives of an organization. The opportunity for strategic leadership is lost. Worse still, people are implicitly told that there is more value in expediency than in leading the enterprise to a higher level of performance. Strategic leaders know that the real power in information comes not from hoarding it, but from using it to find and create new opportunities for growth. 3. The module introduces research-based theories, frameworks, concepts, tools and techniques of strategic management to prepare you for each of the strategist's three jobs. Corporate strategy, concerned with the scope of the firm, requiring policy choices over the selection of industries and markets in which to compete, is the focus of MM393. Strategic analysis refers to the process of conducting research on a company and its operating environment to formulate a strategy. The definition of strategic analysis may differ from an academic or business perspective, but the process involves several common factors: Identifying and evaluating data relevant to the Strategic management involves the related concepts of strategic planning and strategic thinking. Strategic planning is analytical in nature and refers to formalized procedures to produce the data and analyses used as inputs for strategic thinking, which synthesizes the data resulting in the strategy. While fixing the organizational objectives, it is essential that the factors which influence the selection of objectives must be analyzed before the selection of objectives. Once the objectives and the factors influencing strategic decisions have been determined, it is easy to take strategic decisions. RESEARCH METHODOLOGY STRATEGIES IN STRATEGIC MANAGEMENT 107 A good theory in strategic management must meet the criteria of being unique-ness, parsimony, conservation, generalizability, fecundity, internal consistency, em-pirical riskiness, and abstraction. "A theory is a systematically related set of state-...