Last Update: 4/2019Duration: 1h 34m | Video: .MP4, 1280x720 30 fps | Audio: AAC, 44.1 kHz, 2ch | Size: 1.03 GBGenre: eLearning | Language: English

Strat Management can be defined as a bundle of decisions and acts which a manager undertakes
What you'll learn:
Explain What is Strat Management
Explain What is a Strategy
Describe the Strategy Statement and its Components
Explain the Steps of Strat Management Process
Describe the Components of Strat Management Process
Differentiate between Strategy Formulation and Strategy Implementation
Differentiate between Strat, Administrative and Operational Decisions
Describe the Qualities of a Strat Leader
Explain What is a Business Policy
Describe the Structure of BCG Matrix
Describe the Factors of SWOT Analysis
Explain Porter's Five Forces Model of Competition
Explain What is Corporate Governance
Explain What is Business Ethics
Describe the Core Competency Theory of Strategy
Description
Strat Management is all about identification and description of the strats that managers can undertake so as to achieve better performance and a competitive advantage for their organization.

An organization is said to have competitive advantage if its profitability is higher than the average profitability for all companies in its industry.
The manager must have a thorough knowledge and analysis of the general and competitive organizational environment so as to take right decisions. Managers should use the results of the SWOT Analysis to make best possible utilization of the organizational strengths, minimize the organizational weaknesses, make use of arising opportunities from the business environment and shouldn't ignore the threats.
They should conduct a SWOT Analysis which is an analysis of the Strengths, Weaknesses, Opportunities, and Threats of an organization. Strat management is nothing but planning for both predictable as well as unfeasible contingencies. Strat Management is a way in which strategists set the objectives and proceed about attaining them.
It is applicable to both small as well as large organizations as even the smallest organization faces competition and by formulating and implementing appropriate strats; they can attain sustainable competitive advantage. Strat management is a continuous process that evaluates and controls the business and the industries in which an organization is involved. Hence, it is important to re-evaluate strats on a regular basis to detee how they had been implemented and whether they were successful or do the strats need replacement.
Strat Management gives a broader perspective to the employees of an organization and they can better understand how their job fits into the entire organizational plan and how it is co-related to other organizational members. It helps the employees become more trustworthy, more committed and more satisfied as they can co-relate themselves very well with each organizational task.
Who this course is for
Managers
Supervisors
Management personnel
Leaders




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