Key Terms In Strategic Management

Key Terms In Strategic Management. PDF fileBoston Consulting Group (BCG) that led to the popular use of the terms “cash cow” “star” “dog” and “question mark” Boundedness Sometimes referred to as “scarcity of mind” boundedness means (1) managers always face problems with quality and quantity of information needed to take bglossindd 417 27/06/14 158 PM.

Strategic Management can be defined as a decisionmaking process that leads to the development of the strategic position ie which helps to determine the future sustainability and the profitability of the organization simultaneous with the integration of managerial capabilities responsibilities motivation and reward system.

Key terms in strategic management

Key Terms in Strategic Management Before we further discuss strategic management we should define eight key terms strategists mission statements external opportunities and threats internal strengths and weaknesses longterm objectives strategies annual objectives and policies Strategists.

Key terms in strategic management [PPT Powerpoint]

#Mission An important undertaking that an organization believes it is its dutyMission statement An open statement of the aims and #objectives of aVision Statement A Vision Statement defines what your business will do andObjective Something which an organization intends to do or achieve a result#Aim A result that an organization’s plans or actions are intended to achieve#Target A level or situation which an organization intends to achieve or aim#Budget A #financial plan which may be shortterm or longerterm showing.

Key Terms In Strategic Management [wl1pk6kwzvlj]

Strategists Elements Of Strategic Management Key Terms In Strategic Management Purpose Mission Goals Objectives Strategy Tactics Policy Strategists.