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STRATEGIC MANAGEMENT -I

INTRODUCTION

Today’s business news is filled with reports of organizations making changes in their strategies for whatever reasons. An underlying theme of discussing strategic management is that good strategies can lead to high organizational performance.

THE IMPORTANCE OF STRATEGIC MANAGEMENT

Read more: MGT503-Princilpes of Management-Lecture Handout No 25

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REVISION

In this handout only the topics which are covered in this course would be listed so that students know what to take from this course. Following is the summary of the topics discussed in this course:

• What’s an organization?
• Importance of organizations. Can we ignore them? (examples of daily life)
• Organizations as systems, open systems
• Dimensions of organizational design: Structural and Contextual dimensions
• Strategic management
• Organizational purpose, mission, vision, goals

Read more: MGT504 - Organization Theory and Design - Lecture Handout 45