Strategy Management
It is a branch of management for strategy.
Strategy
The action plan that synchronizes tangible and intangible resources to achieve a set of goals for superior performance.
Phases
- Strategy formulation
- Strategy Implementation
- Strategy evaluation and control
Areas Covered
- Business vision and mission
- Internal and External environmental scanning
- Strategy formulation
- Analyzing multiple strategies
- Sustainable competitive advantage for sustainable growth
- Implementation and execution of strategy
- Strategy review, measures and control
Over Lapping Areas of Strategy Management and Entrepreneurship
- Creation and Growth
- Diversification
- Performance of firms
- Industry dynamics
- Competitive advantage
- Product ecosystems
- Mergers, acquisitions, alliances
- Innovation