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Strategic Management Ali Divandari Fall and Winter 2008

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Ask yourself one !question How important is a picture when you are trying to assemble a jigsaw puzzle that has no straight edges and includes extra pieces in the box? Running a company in today’s markets is even more challenging

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لاس ‎Strategy‏ ‎The word strategy which is derived‏ from the Greek word strategos means “the general’s view”. سس سس سس تست |

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?Why Study Strategy Top executives are not lone wolves when it comes to devising and implementing strategy. They rely on lower-level managers to collect and analyze the regarding competition

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?Why Study Strategy ire consistent with it دس ض سا i ——

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Strategic Thinking + Strategic Planning > و99

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Strategic Thinking and Strategic __ Strategic thinking _ 7 synthetic 3 Divergent Creative Role of strateg) planning: to realize and support strategies developed through strategic thinking process and integrate these back into the

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Right Hemisphere ۱ Nonverbal Simultaneous analogical Gestalt synthetic Intuitive } Eastern thought eft Hemisphere Verbal Sequential digital Logical analytic Rational Western thought

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( Process by which a firm incorporates the tools and frameworks for developing and implementing a

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Strategic ‏تلو‎ ۴

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Strategic Management AIi Divandari Fall and Winter 2008 Ask yourself one !question How important is a picture when you are trying to assemble a jigsaw puzzle that has no straight edges and includes extra pieces in the box? Running a company in today’s markets is even more challenging than assembling that puzzle. Strategy The word strategy which is derived from the Greek word strategos means “the general’s view”. ?Why Study Strategy Top executives are not lone wolves when it comes to devising and implementing strategy. They rely on lower-level managers to collect and analyze the regarding competition and commercial opportunities. ?Why Study Strategy The better the employees understand the firm’s strategy, the better they’ll be able to .make choices that are consistent with it Strategic Management = Strategic Thinking + Strategic Planning Strategic Thinking and Strategic Planning Strategic thinking Synthetic Divergent Creative Role of strategic planning: to realize and support strategies developed through strategic thinking process and integrate these back into the business Intuitive Innovative Strategic Manageme nt Logical Systematic Convention al Prescriptive Strategic planning Convergent Role of strategic thinking: to seek innovation and imagine new and very different futures that may lead a company to redefine its core strategies and even its industry Two Brains, Two Cognitive Styles Left Hemisphere Verbal Sequential digital Logical analytic Rational Western thought Right Hemisphere Nonverbal Simultaneous analogical Gestalt synthetic Intuitive Eastern thought Strategic Management Process by which a firm incorporates the tools and frameworks for developing and implementing strategy. The Strategic Management Process Strategic Analysis k Goals and Objectives Strateg y l Vision and Mission Implementat ion and Strategic Leadership !Good Luck

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