"Strategic management is a very complex process" Explain
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- Explain, how can delegation of authority contribute effective strategy management?Background: Mr. John Francois, the owner of John Francois Stores has been operating asuccessful business since 1977. However, he is not fully aware of whatstrategic management and planning entails. As a trust worthy employee, Mr.Francois has asked you to host a weekend retreat with him, his familymembers, and selected members of staff so that you can advise them aboutwhat strategic management and planning entails as well as how important itis for the organization to engage in strategic management and planning. Question1: What would you say to the members present at the retreat so that they canhave a very good understanding of what strategic management and planningentails, and why they should engage in the process so as to maintain thecompetitive advantage of John Francois Stores?Disccuss , How does strategic leadership involve setting a vision and aligning resources to achieve long-term goals?
- 1. Create a clear diagram of the concept of strategic management with a label. 2.Disscuss the 6 point of strategy -direction -market scope -competitive advantage -resources -environment -stakeholders 3. Why do you have to understand the different strategies in the levels of management hierarchy?discuss , , What are the key components or fundamental elements of a strategic management framework?Describe and differentiate the Stages of Strategic Management. - Strategy Formulation - Strategy Implementation - Strategy Evaluation and Control