strategic management
Long-term business planning
Strategic management is the process of setting an organization's long-term goals and determining how to achieve them.
It involves analyzing competitive environments, allocating resources, and adapting to change: The company's strategic management shifted focus from growth to profitability.
The term appears most often in business and organizational contexts, where it encompasses planning, execution, and evaluation of major initiatives.
Intended end results
- objectivesIntended targets or ends
- long-term planningOrganizing for future goals
- roadmapDetailed plan forward
- forecastingEstimating future conditions
prioritization · milestones · implementation · budgeting · resource allocation · contingency planning · timeline · action plan
Ability to see
- missionPurpose-driven task
- leadershipAbility to direct others
- governanceHow authority is exercised
- corporate cultureShared workplace values, norms
restructuring · alignment · stakeholder engagement · organizational structure · corporate identity · decision-making · succession planning · executive team
Graduate management education institution
- MBAGraduate degree in commerce
- curriculumEducational program's content plan
- case studyResearched particular instance
- PorterOccupational family name
scholarly journal · research · framework · competitive advantage · SWOT analysis · value chain · core competency · academic discipline
Brand's competitive stance
- competitive advantageFactor enabling market outperformance
- differentiationRecognizing meaningful differences
- benchmarkingMeasuring against top performers
- market sharePercentage of sector sales
rivalry · barriers to entry · value proposition · disruption · market dominance · positioning
Corporate combination activity
- diversificationExpanding into varied areas
- vertical integrationOwning multiple production stages
- divestitureDisposal of assets
- joint ventureCollaborative business arrangement
globalization · expansion · consolidation · spinoff · synergy · conglomerate · holding company · subsidiary
goals
Intended end results
- objectivesIntended targets or ends
- long-term planningOrganizing for future goals
- roadmapDetailed plan forward
forecasting · prioritization · milestones · implementation · budgeting · resource allocation · contingency planning · timeline · action plan · KPIs
vision
Ability to see
- missionPurpose-driven task
- leadershipAbility to direct others
- governanceHow authority is exercised
corporate culture · restructuring · alignment · stakeholder engagement · organizational structure · corporate identity · decision-making · succession planning · executive team · board of directors
business school
Graduate management education institution
- MBAGraduate degree in commerce
- curriculumEducational program's content plan
- case studyResearched particular instance
Porter · scholarly journal · research · framework · competitive advantage · SWOT analysis · value chain · core competency · academic discipline · professorship
market positioning
Brand's competitive stance
- competitive advantageFactor enabling market outperformance
- differentiationRecognizing meaningful differences
- benchmarkingMeasuring against top performers
market share · rivalry · barriers to entry · value proposition · disruption · market dominance · positioning
mergers and acquisitions
Corporate combination activity
- diversificationExpanding into varied areas
- vertical integrationOwning multiple production stages
- divestitureDisposal of assets
joint venture · globalization · expansion · consolidation · spinoff · synergy · conglomerate · holding company · subsidiary · corporate restructuring
- business educationMBA, business school, business degree, business administration, Harvard Business School
- strategic managementlong-term planning, mission, goal setting, expansion plans, resource allocation
- organizational behaviorgroup dynamics, employee relations, job satisfaction, morale, teamwork
strategic managementcrisis management
Handling urgent threatening situations
improvisation · muddling through · crisis response · incrementalism · satisficing
strategic, management, strategy, strategies, strategist, strategists, strategize, strategized, strategizing