3. List and describe Porter's generic strategies and the Miles and Snow typology of strategies.

Management, Loose-Leaf Version
13th Edition
ISBN:9781305969308
Author:Richard L. Daft
Publisher:Richard L. Daft
Chapter11: Managing Change And Innovation
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MANAGEMENT APPLICATION & THEORY
3. List and describe Porter's generic strategies and the Miles and Snow typology of
strategies.
Feb 5, 2022, 2:51 PM
Transcribed Image Text:Paragraph Styles AME BUS325 ATE MANAGEMENT APPLICATION & THEORY 3. List and describe Porter's generic strategies and the Miles and Snow typology of strategies. Feb 5, 2022, 2:51 PM
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Step 1 INTRODUCTION

Strategic management is the process of planning, organizing, monitoring, analyzing, and controlling all the requirements of an organization that is compulsory to meet its goals and objectives. The changing business environment requires organizations to continuously assess their internal and external factors for making strategies to succeed. This strategic management process helps the businesses to analyze their present situation, figure out strategies, employ them and evaluate the effectiveness of the implemented strategies. The strategic management process consists of five basic strategic elements that can differ in implementation depending on the certainties and uncertainties of the business environment. 

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