Analysis of strategic management uses by Airtel Submitted to- Sheikh Abdur Rahim Assistant professor & Head Department of Real State and Commerce Daffodil International University Prepared by- Amina Afrin Id-113-11-2244 Department of Business Administration Definition of Strategy first we look at what is strategic management and what is the process of it- Strategy:
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distinctive organizational cultures‚ management processes and systems. This is in contrast to the traditional emphasis on transferable resources such as equipment. Increasingly it is being recognized that competitive advantage can be obtained with a high quality workforce that enables organizations to compete on the basis of market responsiveness‚ product and service quality‚ differentiated products and technological innovation. Strategic human resource management has been defined as the linking
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Table of Contents 1.0 INTRODUCTION 4 1.1 Company Overview 4 1.2 Current Strategies 5 1.3 The Basis for Strategic Management Process 6 1.4 Stages of Strategic Management Process 7 2.0 EXTERNAL ANALYSIS 8 2.1 PESTEL Analysis 8 2.1.1 Political 8 2.1.2 Economic 8 2.1.3 Social 9 2.1.4 Technological 9 2.1.5 Environmental / Ethical 9 2.1.6 Legal 10 2.2 Porter’s Five Forces 10 3.0 SWOT ANALYSIS 12 3.1 Strength 12 3.2 Weakness 12 3.3 Opportunities 12 3.4 Threats 13 4.0 Strategy Formulation 14 4.1 Difference
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needs to expand as soon as possible and it needs to recognize that many things need to be changed in order to improve the work atmosphere and the performance of employees. The recent growth of the company caused a promotion of technical people to management positions with no managerial experience. Actions like that can harm the department’s atmosphere and productivity. The new manager doesn’t know how to treat his team and some managers take advantage of the "power" they received. They might start
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Strategic Management Process Paper MGT 498 December 10‚ 2012 Strategic Management Process Paper In business‚ strategy relates to the game plan that is used to achieve all the goals that have been set for the organization. Strategy helps to not only achieve long term goals but also tends to give organizations the tools to achieve and maintain a competitive edge over their counterparts in the industry. Much the same as any task in business‚ no matter how strong a strategy is‚ all
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Strategic role of operations management Operations management is an essential key business function that overlaps with the other business functions such as marketing‚ finance and human resource management (HRM). Each of these essential business functions has a strategic component. Strategic means ‘affecting all key business areas’; that is‚ the strategic role of the operations management involves operations managers contributing to the strategic direction or strategic plan of the business. The
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Strategic Management in Hospitality and Tourism July 2011 www.cthresources.com Page 1 www.cthawards.com 1 Content I. II. Summary of Learning Outcomes LO 1 - Evaluate the use of strategic plans for a hospitality or tourism organisation III. LO 2 - Produce an outline strategic plan IV. LO 3 - Develop a strategic implementation plan for hospitality or tourism organisations V. LO 4 - Develop a strategic implementation plan for hospitality or tourism organisations www.cthresources
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Sun Assignment 2. Strategic Management . School of Strategy. According to Synder and Neil H. (1982) in their journal called ‘Strategic Management Journal’ ‚ The school of strategy definition of strategic planning that are offered by Henry Mintzberg in 1981 concludes that strategic planning is a process involving all components of planning that integrated decision making‚ structured procedure with articulate results‚ and specific tactical objectives that should be seen as a whole process
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unit 306-Strategic Management Unit Code - Unit Name: Lecturer Name: Topic Name: STRATEGIC MANAGEMENT 1. EXECUTIVE SUMMARY All companies everywhere are facing many problems as they develop their business. Resources (financial‚ human skills or assets that cannot be easily acquired) will always be limited‚ and risk (the possibility of an event with detrimental consequences) will always be involved. So here is the strategic management and the environmental analysis will take a very
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Introduction Strategic Management A set of decisions and actions that result in formulation and implementation of plans designated to achieve company’s objectives (Pearce and Robinson‚ 2009:3) Strategic management involves a series of actions/ steps in which the top management analyze the current situation‚ decide on strategies‚ put them in action‚ evaluate and change as desired. It is concerned with planning and implementation Strategic management makes organizations to be proactive
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