From University of liberal arts posted by hasib.

2. Basic Strategic Planning Model
The process of Identifying and executing the Organization’s
mission by matching its capabilities with demands of its
environment is called strategic management.
Defining the Mission and Setting Top-Level Goals
External Analysis of Opportunities and Threats
Internal Analysis of Strengths and Weaknesses
Selection of Appropriate Strategies
Implementation of Chosen Strategies

4. Strategy is the company’s long-term plan for how it will
balance its internal strengths and weaknesses with its
external opportunities and threats to maintain a
competitive advantage.
Basic strategic trends-
•Globalization
•Technological advances
•The nature of work
•The workforce
e
Strategy

5. Corporate
Strategy
Business
Strategy
Business
Strategy
Business
Strategy
Functional
Strategies
There are three levels of strategic
planning as shown below

6. Global expansion
Technology
Strengths and
Weaknesses
Improved competition
Uncertainty,
Turbulence,
Rapid
Change,
Changing
power
bases
Companies
must be
Fast,
Responsive,
and
Cost-
effective

7. Strategic human resource
management: linking HRM
with strategic goals and
objectives to improve
business performance and
develop organizational
cultures fostering
innovation and flexibility.
Clarify the business
strategy
Realign the HR
functions and key
people practices
Create needed competencies
and behaviors
Realization of business
strategies and results
Evaluate and refine