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- https://biz.libretexts.org/Courses/Prince_Georges_Community_College/BMT_2400%3A_Strategic_Management_(Cooks_2021)/01%3A_IntroductionStrategic management is an area of study that examines the problems of maximizing organizational effectiveness from the perspective of executives at the highest command level of the organization’s hie...Strategic management is an area of study that examines the problems of maximizing organizational effectiveness from the perspective of executives at the highest command level of the organization’s hierarchy. If the organization consists of a single firm, the problems are referred to as business-level problems. If the organization consists of a group of firms under common ownership, the problems are referred to as corporate-level problems. Solutions to these problems are called strategies.
- https://biz.libretexts.org/Courses/Prince_Georges_Community_College/BMT_2400%3A_Strategic_Management_(Cooks_2021)/05%3A_Strategy_Formulation/5.02%3A_PracticalityThe practicality of a strategy is the extent to which the strategy serves the purpose intended. Whereas facts are either true or false, practicality is a matter of degree. Tools for assessing practica...The practicality of a strategy is the extent to which the strategy serves the purpose intended. Whereas facts are either true or false, practicality is a matter of degree. Tools for assessing practicality include SWOT, VRIO, breakeven analysis, projected financial statements, EPS-EBIT analysis, and matrices.
- https://biz.libretexts.org/Bookshelves/Management/Principles_of_Strategic_Management_(Thavikulwat)/3%3A_Simulation_GamesSimulation games give practice in strategy implementation, for practice requires action that games demand. In a game, as in life, no action is an action and no strategy is a strategy.
- https://biz.libretexts.org/Bookshelves/Management/Principles_of_Strategic_Management_(Thavikulwat)/2%3A_Strategy_Implementation/2.2%3A_Quality_and_AcceptanceWhile a strategy is a solution to a problem, the implementation of strategy itself creates problems that must be resolved. The effective resolution of problems depends on applying the leadership metho...While a strategy is a solution to a problem, the implementation of strategy itself creates problems that must be resolved. The effective resolution of problems depends on applying the leadership method that fits each type of problem. Problems can be classified into types based on their requirements for objective quality and subjective acceptance.
- https://biz.libretexts.org/Courses/Prince_Georges_Community_College/BMT_2400%3A_Strategic_Management_(Cooks_2021)/08%3A_ConclusionGood ideas are not good because they are the same ideas that have been successful elsewhere. Good ideas are good because they are based on facts of the problem situation. Inasmuch as the task of strat...Good ideas are not good because they are the same ideas that have been successful elsewhere. Good ideas are good because they are based on facts of the problem situation. Inasmuch as the task of strategic management is to formulate and implement good ideas, the search for good ideas should always start by studying the facts that are known. Theory can be helpful in organizing and clarifying the facts.
- https://biz.libretexts.org/Bookshelves/Management/Principles_of_Strategic_Management_(Thavikulwat)/00%3A_Front_Matter/40%3A_PrefaceStrategic management is usually among the last courses of the business education curriculum. Taught from a top-management perspective, the course generally involves concepts, cases, and a business gam...Strategic management is usually among the last courses of the business education curriculum. Taught from a top-management perspective, the course generally involves concepts, cases, and a business game. The balance among the work expected of students in studying concepts and engaging in cases and game vary greatly among institutions and their instructors. This narrative is written for the strategic management course that is lighter on content and heavier on engagement. The narrative covers princ
- https://biz.libretexts.org/Courses/Towson_University/MNGT_481%3A_Strategic_Management/04%3A_Cases/4.01%3A_Writing_AssignmentThe purpose of a case writing assignment is to give practice in the kind of writing that is valued in the workplace. If after you have competed your assignment, you would not yourself pay money for wh...The purpose of a case writing assignment is to give practice in the kind of writing that is valued in the workplace. If after you have competed your assignment, you would not yourself pay money for what you have written, then what you have written is not good enough.
- https://biz.libretexts.org/Courses/Towson_University/MNGT_481%3A_Strategic_Management/05%3A_Strategy_Formulation/5.01%3A_Facts/5.1.02%3A_Porter's_Five_ForcesWhereas financial statements are a standard method of organizing facts about a firm of interest to owners, regulators, tax collectors, and other stakeholders, no equivalently standard method of organi...Whereas financial statements are a standard method of organizing facts about a firm of interest to owners, regulators, tax collectors, and other stakeholders, no equivalently standard method of organizing facts about the environment of a firm is available. The closest to a standard method may be Michael Porter’s Five Forces.
- https://biz.libretexts.org/Courses/Towson_University/MNGT_481%3A_Strategic_Management/08%3A_ReferencesLooking inside for competitive advantage. R., & David, Forest. Strategic management: A competitive advantage approach (16th ed.). Learned, E., Christiansen, C., Andrews, K., & Guth, W. (1969). Busines...Looking inside for competitive advantage. R., & David, Forest. Strategic management: A competitive advantage approach (16th ed.). Learned, E., Christiansen, C., Andrews, K., & Guth, W. (1969). Business policy: Text and cases (Rev. Problem-solving discussions and conferences: Leadership methods and skills. Psychology in Industrial Organizations (4th ed.). Competitive strategy: Techniques for analyzing industries and competitors.
- https://biz.libretexts.org/Courses/Prince_Georges_Community_College/BMT_2400%3A_Strategic_Management_(Cooks_2021)/02%3A_Strategy_Implementation/2.02%3A_Quality_and_AcceptanceWhile a strategy is a solution to a problem, the implementation of strategy itself creates problems that must be resolved. The effective resolution of problems depends on applying the leadership metho...While a strategy is a solution to a problem, the implementation of strategy itself creates problems that must be resolved. The effective resolution of problems depends on applying the leadership method that fits each type of problem. Problems can be classified into types based on their requirements for objective quality and subjective acceptance.
- https://biz.libretexts.org/Courses/Prince_Georges_Community_College/BMT_2400%3A_Strategic_Management_(Cooks_2021)/04%3A_CasesCases give practice in strategy formulation. A case may be fictional or real. When real, the case may be set or live.
