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Strategic management processes and activities. Strategy is defined as "the determination of the basic long-term goals of an enterprise, and the adoption of courses of action and the allocation of resources necessary for carrying out these goals."
Middle management is the midway management of a categorized organization, being secondary to the senior management but above the deepest levels of operational members. An operational manager may be well-thought-out by middle management or may be categorized as a non-management operator, liable to the policy of the specific organization.
Stefan Thomke is the William Barclay Harding Professor of Business Administration at Harvard Business School. [1] He has worked with global business leaders and taught many executive programs on product, process, and technology development, customer experience design, operational improvement, company turnarounds, and innovation strategy.
Corporate development refers to the planning and execution of strategies to meet organizational objectives, primarily through mergers and acquisitions or divestitures. The kinds of activities falling under corporate development may include strategic planning, market and competitor mapping and tracking, phasing in or out of markets or products, arranging strategic alliances or partnerships or ...
Operational planning (OP) is the process of implementing strategic plans and objectives to reach specific goals. [1] In an Introduction to Management and Organizational Behavior, Barbara Carlin and Marina Sebastijanovic suggest that operational planning is one of the four basic types of planning involved in organizational management. [2] [a]
A strategic business unit (SBU) in business strategic management, is a profit center which focuses on product offering and market segment. SBUs typically have a discrete marketing plan , analysis of competition, and marketing campaign , even though they may be part of a larger business entity.
The Strategic Management Society (SMS) is a professional society for the advancement of strategic management. [1] The society consists of nearly 3,000 members representing various backgrounds and perspectives from more than eighty different countries. Membership is composed of academics, business practitioners, and consultants.
Prior to his current position, Phelps served as the Dean of the Price College of Business at the University of Oklahoma.Prior to that, he served as Associate Dean of Executive Programs and Education, [3] Professor of Strategy and Organization, [4] and the Marcel Desautels Faculty Fellow at the Desautels Faculty of Management [5] at McGill University.