Scribd
Upload
24 views33 pages

Chapter-7 F

Uploaded by

ALBAY, Jay Ann B.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
24 views33 pages

Chapter-7 F

Uploaded by

ALBAY, Jay Ann B.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 33

STRATEGIC

MANAGEMENT
MODELS.
These models simply act as guide or frameworks
fundamentally aiding or serving as planning tool in
the hope that dreams and aspirations can be
realized and expectations of
stockholders/stakeholders can be achieved in
quantitative terms.
Wright, kroll and parnell
model
• Considers analyzing external environment
opportunities and threats as the beginning approach
• Specifically pointed out the need to begin with
a corporate strategy followed by a business
level strategy down to the functional level
strategy
Thompson and strickland
model
• Identifi ed fi ve specifi c tasks that comprise

1. Develop a strategic vision and mission


the process of developing the strategy:

2. Set objectives
3. Craft a strategy to achieve objectives
4. Implement and execute strategy
5. Monitor, evaluate and take corrective action
F. R. David model

1. Develop mission statement


• Has six tasks:

2.
3.
Establish long-term objectives

4.
Generate, evaluate, and select strategies

5.
Establish policies and annual objectives

6.
Allocate resources
Measure and evaluate performance
Wheel en and hunger
model
1. Environmental scanning- unique to this model and it
is indeed extremely important to consider

2.Strategy formulation
environmental factors

3 . Strategy implementation
4. Evaluation and control
Rayport and jaworski
model
• Consider setting goals premised on a corporate
or organizational mission
• A shortcoming of this model is the absence of a
system of feedback to allow revision of strategy
as necessary.
Pitts-lei model
• Resembles that of Wheel en and Hunger model that
also considers the importance of analysis of external
and internal environment before mission and
policies are set
• Feedback is encourage at each level or task just
like the other models
The hybrid model
• Comes in six tasks and subsumed into the six
tasks are the variety of component tasks that need
to be addressed as also emphasized by
Thompson and Strickland, F.R. David, Wheel en
and Hunger, Rayport and Jaworski, as well as
Wright, Kroll and Parnell
• Important to this mode is the role played by
the operating officers and Board of Directors
STRATEGIC PLAN
Whichever of the strategic management models is
used or looked upon, the end-result in going
through the models is the strategy.

• Vision-Mission Statement
• Strategic Objectives
• Strategies
• Strategy implementation/execution plan
• Monitoring, evaluation, and taking corrective actions
Short, medium, and
long-term plan
refers to a plan to be
carried out or achieved within the ensuing year
covers a period beyond
the short-term usually ranging from 1to 3 years
talks about what to achieve
beyond the medium term period usually anywhere
between 3 to 5 years or even more

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy