1.Strategy Mngt.

Is a set of managerial decisions and actions that determines th

e long run performance of corporation it includes environmental scanning, strate
gy formulation strategy implementation and evaluation a control.
2.Phases of Strategic Mngt.
Basic financial planning, Forecast-based planning, Externally oriented planning
, Strategy management
3.Benefits Of Strategic Management: Clear sense of strategy vision for the firm,
Shaper focus on what is strategically important, Improved understanding of rapi
dly changing environment
4Impact Of Globalization
Globalization integrated internationalizations of markets and corporation has ch
ange the way Modern Corporation do business.
Important keep tract of international development and position a company for lon
g-term competition advantage.
5.Impact Of Environment Sustainability
ES refers to use of practices to reduce a company s impact on natural and physical
environment.
6- RISK FACTORS AFFECTED BY CLIMATE CHANGE.
Regulatory Risk, Govt Guideline, Supply Chair Risk, Transportation Cost, Product
ion&Reclxilogy Risk Litigaleori Risk. Govt. Agreement, Reputational Risk, Compan
y s Impact.Physical Risk, Climate Change Risk.
7-BASIC MODEL OF STRATEGIC MANAGEMENT
1-Environmental Scanning 2-strategy formation 3-Strategy Implementation 4-Evalua
tion&Control
8- ENVIRONMENTAL SCANNING
1-External; opportunities & threats, 2-Natural;resources climates, 3-Social;Ge
neral Forces, 4-task;industry analysis, 5-internal;strength & weakness, 6-Struct
ure;chain of command, 7-culture;beliefs, expectations, values, 8-resources; asse
ts, skills, competition, knowledge
9-MODEL
Mission ? strategy? policies. ?programs? budgets? procedures ? performance
10-strategy formulation:
Is the development of long term plans for the effective management of environmen
tal opportunities& threats in layout of corporate strength & weakness (SWOT).it
includes,
Corporate Mission, Specifying Achievable, Developing Strategy, Setting Policy Gu
idelines
11-Strategy: comprehensive master plan that state how corporation will achieve i
ts mission & objectives, It maximizes competitive advantage & minimizes competit
ive Disadvantage
12-Types of strategy
1.Corporate strategy: Company s our all direction in terms of it General attitude
towards growth & management Of its various business & product lines, 2.Business
strategy: Usually oceans at the brain cullet produce Level & it emphasis impro
vement of that Compitition Position of a corporation s product or services Specifi
c industry or market segment service by that business unit, 3.functional strateg
y: Is the approach taken by a functional Area to chance corporate & bun urn unit
objections of strategies by maximizing resource production .It is concerned wit
h developing & nurturing a company or Burien unit with a competitive advantage.

13-Policy: Is a broad guideline for decision making that links the formulation o
f a strategy with its implantation
14-Strategy implementation: Is a process by which strategies policies are put in
to action through the development of program budgets & procedures
15- Evaluation & control: Is a process in which corporate activities & performan
ce results are monitored so that actual performance can be compared with desired
performance? Performance is the end result of activities it includes the actual
outcomes of the strategic management process.
16-characteristics of strategic decisions: Rare;usual, Consequential: set proced
ures. Directive: set procedures
17-environment scanning. PEST analyst
Political/legal: Form of govt, Political ideology, Tax laws, Stability of govt,
Govt rule and regulation, Towards forgien companies, Strength of option group,
Trade regulation, Foreign policies, Terrorist activities, Legal system, Global w
arming, Immigration.
Technological: Regulation on technology, Energy availability/ cost, Natural reso
urces cost,
Tempertation network, Skill level of workforce, Patient- handwork protection, In
ternet availability, Telecommication system, Computer hacking technology, New en
ergy resource ,
Economical, Economic development, Per capita income, Climate, GDP, Monetory poli
ces, Unemployment, Currency conversion, Wage level, Nature of computation, Natio
nal membership
WTO Outsourcing capabilities, Global fin system,

Sociocultural
Custom norms values, Language,Demographic,Life expectancies,Social institution,S
tatus symbols,Life style,Religion beliefs,Literacy leve,
18-Value chain analysis
R.m primary distributor s retailer
Manufacturing