Strategic Management: Formulation and Implementation

Choosing The Management System For A Firm

The choice of the system combination for a particular firm depends on the turbulence characteristics of the environments in which it participates and expects to enter. To identify the combination of systems that will be needed by the firm:

(1) Diagnose the future turbulence.

(2) Select the system(s) which will be needed by the firm.

Strategic Management Tools And Techniques

In recent years, the strategic management process has become more complex and costly. Growing competitiveness in many markets and along many combinations of dimension is increasing of analysis facing managers. Therefore, in order to assist strategic managers, a wide variety of tools and techniques have been developed. These techniques can be divided into three categories: tools for developing organizational strategies, strategic planning techniques, control techniques.