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Practice Discipline

Strategy

The strategic management process is the set of activities that firm managers undertake in order to try to put their firms in the best possible position to compete successfully in the marketplace. It is made up of several distinct activities, and although the textbook presents it as an orderly process, most top managers deal with all of the steps simultaneously, so that the cycle occurs such that everything is being done at once.

Facts
Discipline Scope
Strategic management provides overall direction to an enterprise and involves specifying the organization's objectives, developing policies and plans to achieve those objectives, and then allocating resources to implement the plans. 1
Strategy
Filter Results7 entries

McKinsey 7S Framework

Strategy

Resource Dependence Theory

Strategy

Scenario Planning

Strategy

Theory of the Firm

Strategy

Transaction Cost Economics

Strategy

Value Chain Analysis

Strategy

VUCA

Strategy
Connections

Associated With

Henry Chesbrough, Founders, Executives and Management Thinkers
Source Wikipedia: Henry Chesbrough
Herman Kahn, Founders, Executives and Management Thinkers
Source Wikipedia: Herman Kahn
Jay Barney, Founders, Executives and Management Thinkers
Source Wikipedia: Jay Barney
McKinsey 7S Framework, Management Theories
Source Wikipedia, Strategic management
Pierre Wack, Founders, Executives and Management Thinkers
Source Wikipedia: Pierre Wack
Renée Mauborgne, Founders, Executives and Management Thinkers
Source Wikipedia: Renée Mauborgne
Resource Dependence Theory, Management Theories
Source Wikipedia, Strategic management
Scenario Planning, Management Theories
Source Wikipedia, Strategic management
Theory of the Firm, Management Theories
Source Wikipedia, Strategic management
Transaction Cost Economics, Management Theories
Source Wikipedia, Strategic management
Value Chain Analysis, Management Theories
Source Wikipedia, Strategic management
VUCA, Management Theories
Source Wikipedia, Strategic management
W. Chan Kim, Founders, Executives and Management Thinkers
Source Wikipedia: W. Chan Kim

Topic Addressed By

Ansoff Matrix, Management Theories
Balanced Scorecard, Management Theories
Blue Ocean Strategy, Management Theories
Business Model Canvas, Management Theories
Core Competence Theory, Management Theories
Disruptive Innovation Theory, Management Theories
Dynamic Capabilities, Management Theories
GE-McKinsey Matrix, Management Theories
Growth-Share Matrix, Management Theories
Lean Startup, Management Theories
McKinsey 7S Framework, Management Theories
Open Innovation, Management Theories
PESTLE Analysis, Management Theories
Porter's Five Forces, Management Theories
Porter's Generic Strategies, Management Theories
Resource Dependence Theory, Management Theories
Resource-Based View, Management Theories
Scenario Planning, Management Theories
Stakeholder Theory, Management Theories
SWOT Analysis, Management Theories
Transaction Cost Economics, Management Theories
Value Chain Analysis, Management Theories
VRIO Framework, Management Theories
Sources
1. Wikipedia: Strategic management
WikipediaWikipedia, lead section, second sentence
Quote, Wikipedia, lead section, second sentence
Strategic management provides overall direction to an enterprise and involves specifying the organization's objectives, developing policies, and plans to achieve those objectives, and then allocating resources to implement the plans.
View the Source
OpenStax Principles of Management, 9.1 Strategic Management
  • 9.1 Strategic Management, What is the strategic management process, first paragraph
    The strategic management process is the set of activities that firm managers undertake
  • 9.1 Strategic Management, What is the strategic management process, second paragraph
    most top managers deal with all of the steps simultaneously
View the Source
OpenStax Principles of Management, Ch. 9 Key Terms
Ch. 9 Key Terms, entry strategic management process
Quote, Ch. 9 Key Terms, entry strategic management process
the set of activities that firm managers undertake in order to try to put their firms in the best possible position
View the Source
Wikipedia, Strategic management
  • Associated With: McKinsey 7S Framework, Classified by subject-matter domain within management theory (w-bbfill-business-other-0926); cites the discipline definition.
  • Associated With: Resource Dependence Theory, Classified by subject-matter domain within management theory (w-bbfill-business-other-0926); cites the discipline definition.
  • Associated With: Scenario Planning, Classified by subject-matter domain within management theory (w-bbfill-business-other-0926); cites the discipline definition.
  • Associated With: Theory of the Firm, Classified by subject-matter domain within management theory (w-bbfill-business-other-0926); cites the discipline definition.
  • Associated With: Transaction Cost Economics, Classified by subject-matter domain within management theory (w-bbfill-business-other-0926); cites the discipline definition.
  • Associated With: Value Chain Analysis, Classified by subject-matter domain within management theory (w-bbfill-business-other-0926); cites the discipline definition.
  • Associated With: VUCA, Classified by subject-matter domain within management theory (w-bbfill-business-other-0926); cites the discipline definition.
View the Source
Wikipedia: Henry Chesbrough
Associated With: Henry Chesbrough, Lead
Quote, Associated With: Henry Chesbrough, Lead
He is known for coining the term open innovation
View the Source
Wikipedia: W. Chan Kim
Associated With: W. Chan Kim, Lead
Quote, Associated With: W. Chan Kim, Lead
is a Professor of Strategy and Management at INSEAD
View the Source
Wikipedia: Renée Mauborgne
Associated With: Renée Mauborgne, Lead
Quote, Associated With: Renée Mauborgne, Lead
is a professor of strategy at INSEAD
View the Source
Wikipedia: Jay Barney
Associated With: Jay Barney, Lead
Quote, Associated With: Jay Barney, Lead
professor in strategic management at the University of Utah
View the Source
Wikipedia: Herman Kahn
Associated With: Herman Kahn, Lead
Quote, Associated With: Herman Kahn, Lead
originally came to prominence as a military strategist and systems theorist
View the Source
Wikipedia: Pierre Wack
Associated With: Pierre Wack, Lead
Quote, Associated With: Pierre Wack, Lead
first to develop the use of scenario planning in the private sector
View the Source
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