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Using responsive evaluation in Strategic Management.Strategic Leadership Review 4 (2), 22–27. David Besanko, David Dranove, Scott Schaefer, and Mark Shanley (2012) Economics of Strategy, John Wiley & Sons, ISBN 978-1118273630; Edwards, Janice et al. Mastering Strategic Management- 1st Canadian Edition. BC Open Textbooks, 2014.
Strategic thinking is a mental or thinking process applied by individuals and within organizations in the context of achieving a goal or set of goals.. When applied in an organizational strategic management process, strategic thinking involves the generation and application of unique business insights and opportunities intended to create competitive advantage for a firm or organization.
Articles relating to strategic management, the formulation and implementation of the major goals and initiatives taken by an organization's top managers on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization operates. [1] [2] [3] [4
The Fifth Discipline: The Art and Practice of the Learning Organization is a book by Peter Senge (a senior lecturer at MIT) focusing on group problem solving using the systems thinking method in order to convert companies into learning organizations that learn to create results that matter as an organization.
According to the Project Management Institute, a business case is a "value proposition for a proposed project that may include financial and nonfinancial benefit." [ 4 ] Business cases can range from comprehensive and highly structured, as required by formal project management methodologies , to informal and brief.
A high degree of strategic fit from can potentially yield many benefits for an organization. Best case scenario a high degree of strategic fit may be the key to a successful merger, an efficient organization, synergy effects or cost reductions. It is a vital term and it should be taken into consideration when evaluating a company's strategy and ...
A strategic group is a concept used in strategic management that groups companies within an industry that have similar business models or similar combinations of strategies. For example, the restaurant industry can be divided into several strategic groups including fast-food and fine-dining based on variables such as preparation time, pricing ...
These strategic choices formed part of an organizational learning process that adapted to the external environment as well as the internal political situation. Apart from (but complementary to) organizational settings, strategic choice theory was studied with regard to individual's responses in ordinary, everyday disputes.