Principles of Strategic Management

MODULE 2:
The Three Strategy-Making Tasks
(Vision/Mission, Objectives, Strategic Choice)

These copyrighted materials are being used with the express written permission of Richard D. Irwin, Inc., and are intended for the benefit of enrolled students using Thompson & Strickland, Strategic Management: Concepts and Cases (9th edition). All rights reserved. Copyright 1995 Richard D. Irwin, Inc. These files originally were created in PowerPoint format, and they have been transformed into "browser-friendly" HTML format with Microsoft's PowerPoint Internet Assistant.
Slide Index
Slide 1: INTRODUCTORY GRAPHIC
Slide 2: MODULE OUTLINE
Slide 3: DEVELOPING A VISION & MISSION
Slide 4: CHARACTERISTICS OF A STRATEGIC VISION & MISSION
Slide 5: CHARACTERISTICS OF A STRATEGIC VISION & MISSION
Slide 6: EXAMPLE OF A STRATEGIC VISION
Slide 7: EXAMPLE OF A STRATEGIC VISION
Slide 8: EXAMPLE OF A STRATEGIC VISION
Slide 9: EXAMPLE OF A STRATEGIC VISION
Slide 10: DEFINING A COMPANY'S BUSINESS
Slide 11: DEFINING A COMPANY'S BUSINESS
Slide 12: EXAMPLES: BUSINESS DEFINITIONS
Slide 13: BROAD OR NARROW MISSION STATEMENTS?
Slide 14: EXAMPLE: MISSION STATEMENT OF DIVERSIFIED FIRM
Slide 15: EXAMPLE: MISSION STATEMENT OF DIVERSIFIED FIRM
Slide 16: EXAMPLE: MISSION STATEMENT OF DIVERSIFIED FIRM
Slide 17: MISSION STATEMENT FOR FUNCTIONAL DEPARTMENTS
Slide 18: EXAMPLES: MISSION STATEMENTS OF FUNCTIONAL DEPARTMENTS
Slide 19: COMMUNICATING THE VISION
Slide 20: ROLE OF ENTREPRENEURSHIP: CHANGING THE MISSION
Slide 21: MANAGERIAL VALUE OF A STRATEGIC VISION & MISSION
Slide 22: ESTABLISHING OBJECTIVES
Slide 23: MANAGERIAL VALUE OF OBJECTIVES
Slide 24: MANAGERIAL VALUE OF OBJECTIVES
Slide 25: WHAT KIND OF OBJECTIVES TO SET
Slide 26: WHAT KIND OF OBJECTIVES TO SET
Slide 27: STRATEGIC MANAGEMENT PRINCIPLE
Slide 28: EXAMPLE: CORPORATE OBJECTIVES
Slide 29: EXAMPLE: CORPORATE OBJECTIVES
Slide 30: STRATEGIC VS. FINANCIAL OBJECTIVES
Slide 31: STRATEGIC MANAGEMENT PRINCIPLE
Slide 32: EXAMPLE: FINANCIAL OBJECTIVES
Slide 33: EXAMPLE: STRATEGIC OBJECTIVES
Slide 34: CONCEPT: STRATEGIC INTENT
Slide 35: CONCEPT: STRATEGIC INTENT
Slide 36: CONCEPT: STRATEGIC INTENT
Slide 37: OBJECTIVES NEED TO BE TIME-BASED
Slide 38: SHORT-RANGE & LONG-RANGE OBJECTIVES
Slide 39: STRATEGIC MANAGEMENT PRINCIPLE
Slide 40: ALL MANAGERS NEED OBJECTIVES
Slide 41: STRATEGIC MANAGEMENT PRINCIPLE
Slide 42: THREE RULES FOR STATING OBJECTIVES
Slide 43: RULE FOR STATING OBJECTIVES
Slide 44: WHY HAVE PERFORMANCE OBJECTIVES?
Slide 45: STRATEGIC MANAGEMENT PRINCIPLE
Slide 46: EXAMPLES: STRATEGIC OBJECTIVES
Slide 47: EXAMPLES: STRATEGIC OBJECTIVES
Slide 48: EXAMPLES: STRATEGIC OBJECTIVES
Slide 49: EXAMPLES: STRATEGIC OBJECTIVES
Slide 50: CRAFTING A STRATEGY
Slide 51: CRAFTING A STRATEGY
Slide 52: CHARACTERISTICS OF STRATEGY-MAKING
Slide 53: CHARACTERISTICS OF STRATEGY-MAKING
Slide 54: CHARACTERISTICS OF STRATEGY-MAKING
Slide 55: A DIVERSIFIED COMPANY
Slide 56: A SINGLE-BUSINESS COMPANY
Slide 57: STRATEGY-MAKING PYRAMID: DIVERSIFIED FIRMS
Slide 58: STRATEGY-MAKING PYRAMID: SINGLE-BUSINESS FIRMS
Slide 59: IDENTIFYING THE CORPORATE STRATEGY OF A DIVERSIFIED COMPANY
Slide 60: WHAT IS CORPORATE STRATEGY?
Slide 61: TASKS OF CORPORATE STRATEGY
Slide 62: IDENTIFYING STRATEGY FOR A SINGLE-BUSINESS COMPANY
Slide 63: WHAT IS BUSINESS STRATEGY?
Slide 64: WHAT BUSINESS STRATEGY INVOLVES
Slide 65: FUNCTIONAL STRATEGIES
Slide 66: OPERATING STRATEGIES
Slide 67: EXAMPLE: OPERATING STRATEGY
Slide 68: EXAMPLE: OPERATING STRATEGY
Slide 69: THE NETWORKING OF MISSIONS, OBJECTIVES, AND STRATEGIES
Slide 70: UNITING STRATEGY-MAKING EFFORT
Slide 71: STRATEGIC MANAGEMENT PRINCIPLE
Slide 72: FACTORS SHAPING THE CHOICE OF COMPANY STRATEGY
Slide 73: FACTORS SHAPING STRATEGY
Slide 74: SOCIAL, POLITICAL, REGULATORY, & CITIZENSHIP FACTORS
Slide 75: CORPORATE SOCIAL RESPONSIBILITY
Slide 76: INDUSTRY ATTRACTIVENESS & COMPETITIVE CONDITIONS
Slide 77: STRATEGIC MANAGEMENT PRINCIPLE
Slide 78: COMPANY OPPORTUNITIES & THREATS
Slide 79: STRATEGIC MANAGEMENT PRINCIPLE
Slide 80: COMPANY STRENGTHS & WEAKNESSES
Slide 81: STRATEGIC MANAGEMENT PRINCIPLE
Slide 82: AMBITIONS, PHILOSOPHIES, & ETHICS OF KEY EXECUTIVES
Slide 83: SHARED VALUES & COMPANY CULTURE
Slide 84: EXAMPLE: HEWLETT-PACKARD
Slide 85: LINKING STRATEGY WITH ETHICS
Slide 86: LINKING STRATEGY WITH ETHICS
Slide 87: TESTS OF A WINNING STRATEGY
Slide 88: STRATEGIC MANAGEMENT PRINCIPLE
Slide 89: APPROACHES TO PERFORMING STRATEGY-MAKING TASKS

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