tailieunhanh - Lecture Introduction to management - Lecture 17

After studying this chapter you will be able to understand: Explain why companies develop control systems for employees, summarize how to design a basic bureaucratic control system, describe the purposes for using budgets as a control device, define basic types of financial statements and financial ratios used as controls. | Introduction to Management LECTURE 17: Introduction to Management MGT 101 1 Introduction to Management In lecture 16 we discussed Topics from Chapter 7: Setting Goals & Developing Plans Approaches of Planning 2 Introduction to Management Today in Chapter 8 we will discuss What is Strategic Management Strategic Management Process Types of Organizational Strategies Corporate Strategy- Growth Strategies 3 Introduction to Management (Chapter 8) Chapter 8: Strategic Management 4 Introduction to Management (Chapter 8) Strategic Management 5 Introduction to Management (Chapter 8) 6 What managers do to develop an organization’s strategies Strategies The decisions and actions that determine the long-run performance of an organization. Introduction to Management (Chapter 8) 7 What managers do to develop an organization’s strategies Business Model Is a strategic design for how a company intends to profit from its strategies, work processes, and work activities. Introduction to Management (Chapter 8) 8 What managers do to develop an organization’s strategies Business Model Focuses on two things: Whether customers will value what the company is providing. Whether the company can make any money doing that. Introduction to Management (Chapter 8) 9 Why Is Strategic Management Important? It results in higher organizational performance. It requires that managers examine and adapt to business environment changes. It coordinates diverse organizational units, helping them focus on organizational goals Introduction to Management (Chapter 8) 10 The Strategic Management Process Introduction to Management (Chapter 8) Strategic Management Process 11 Introduction to Management (Chapter 8) 12 Step 1: Identifying the organization’s current mission, goals, and strategies Mission: a statement of the purpose of an organization The scope of its products and services Goals: the foundation for further planning Measurable performance targets Introduction to Management (Chapter 8) 13 Step 2: Doing an | Introduction to Management LECTURE 17: Introduction to Management MGT 101 1 Introduction to Management In lecture 16 we discussed Topics from Chapter 7: Setting Goals & Developing Plans Approaches of Planning 2 Introduction to Management Today in Chapter 8 we will discuss What is Strategic Management Strategic Management Process Types of Organizational Strategies Corporate Strategy- Growth Strategies 3 Introduction to Management (Chapter 8) Chapter 8: Strategic Management 4 Introduction to Management (Chapter 8) Strategic Management 5 Introduction to Management (Chapter 8) 6 What managers do to develop an organization’s strategies Strategies The decisions and actions that determine the long-run performance of an organization. Introduction to Management (Chapter 8) 7 What managers do to develop an organization’s strategies Business Model Is a strategic design for how a company intends to profit from its strategies, work processes, and work activities. Introduction to Management .