Organizational Strategy Concepts and overview strategy formulation The development of strategies to exploit opportunities and manage threats in the business environment in light of corporate strengths and weaknesses Electronic Commerc Prentice Hall 2006
Electronic Commerce Prentice Hall © 2006 11 Organizational Strategy: Concepts and Overview strategy formulation The development of strategies to exploit opportunities and manage threats in the business environment in light of corporate strengths and weaknesses
Organizational Strategy Concepts and overview Specific activities and outcomes from the strategy formulation phase include Business opportunities Cost-benefit analysis Risk analysis, assessment, and management Business plan Electronic Commerc Prentice Hall 2006
Electronic Commerce Prentice Hall © 2006 12 Organizational Strategy: Concepts and Overview – Specific activities and outcomes from the strategy formulation phase include: – Business opportunities – Cost-benefit analysis – Risk analysis, assessment, and management – Business plan
Organizational Strategy Concepts and overview The Strategic Planning process strategy implementation The development of detailed, short-term plans for carrying out the projects agreed on in strategy formulation Electronic Commerc Prentice Hall 2006 3
Electronic Commerce Prentice Hall © 2006 13 Organizational Strategy: Concepts and Overview • The Strategic Planning Process strategy implementation The development of detailed, short-term plans for carrying out the projects agreed on in strategy formulation
Organizational Strategy Concepts and overview Specific activities and outcomes from strategy implementation phase include Project planning Resource allocation Project management Electronic Commerc Prentice Hall 2006
Electronic Commerce Prentice Hall © 2006 14 Organizational Strategy: Concepts and Overview – Specific activities and outcomes from strategy implementation phase include: • Project planning • Resource allocation • Project management
Organizational Strategy Concepts and overview The Strategic Planning process strategy assessment The continuous evaluation of progress toward the organization,s strategic goals, resulting in corrective action and, if necessary, strategy reformulation Electronic Commerc Prentice Hall 2006 5
Electronic Commerce Prentice Hall © 2006 15 Organizational Strategy: Concepts and Overview • The Strategic Planning Process strategy assessment The continuous evaluation of progress toward the organization’s strategic goals, resulting in corrective action and, if necessary, strategy reformulation