Strategic Management Skills

Effectively managing resources to cut cost and improve productivity in the organization

4.40 (20 reviews)
Udemy
platform
English
language
Management
category
instructor
57
students
2 hours
content
Oct 2023
last update
$19.99
regular price

What you will learn

Learn steps in strategy formulation process

Learn strategy implementation skills

Learn practical SWOT analysis

competitive advantage in the field of strategic management

Overfished ocean strategy;; how to drive growth and attain profitability

Routes to strategic growth

Business strategy to bear the downturn

Cutting cost strategically

Description

Strategic management is all about identification and description of the strategies that managers can carry so as to achieve better performance and a competitive advantage if its profitability is higher than the average profitability for all companies in its industry. Strategic management can also be defined as a bundle of decisions and acts which a manager undertakes and which decides the result of the firm's performance. The manager must have a thorough knowledge and analysis of the general and competitive organization environment so as to take right decisions.They conduct SWOT Analysis ( Strength, Weakness, Opportunities, and Threats), that is they should make best possible utilization of strength, minimize the organization weakness, make use of arising opportunities from the business environment and should not ignore the threats.

Strategy is all about integrating organizational activities and utilizing and allocating the scarce resources within the organizational environment so as to meet the present objectives. While planning a strategy it is essential to consider that decisions are not taken in a vacuum and that any act taken by a firm is likely to be met by a reaction from those affected, competitors. customers, employees or suppliers. Mission statement is the statement of the role by which an organization intends to serve its stakeholders. It describes why an organization is operating and thus provides a framework within which strategies are formulated.

Content

Introduction

Introduction
Introduction to strategic management skills
Strategy - definition and features
Components of a strategy statement

Strategic Management Road Map

Vision and mission statement
Strategic management process
Environmental scanning- internal and external analysis of the environment
Steps in strategy formulation process
Strategy implementation
Strategy evaluation

Swot Analysis Of Google ( practical swot analysis)

Swot analysis general
Strength ( google)
Weakness ( google)
Opportunity ( google)
Threats ( google)

Competitive Advantage In The Field Of Strategic Management

What is sustained competitive advantage
The advent of the internet and competitive advantage

Over fished Ocean Strategy : How To Drive Growth And Attain Profitability

Welcome to the age of decline
The over fished ocean strategy
Example of companies pioneering over fish ocean strategy / innovators future

Router To Strategic Growth

Organic growth
Inorganic growth

Business Strategies To Beat The Downturn

The effect of the downturn and how companies can cope
Synergies, integration, ocean strategy, and cost cutting
Ride the recession: the way ahead of business

Cutting Costs Strategically

The problem with cost cutting
Disadvantages of strategic cost cutting

Screenshots

Strategic Management Skills - Screenshot_01Strategic Management Skills - Screenshot_02Strategic Management Skills - Screenshot_03Strategic Management Skills - Screenshot_04

Reviews

Stephanie
November 30, 2022
Unfortunately, I couldn't understand about 90% of what the instructor was saying. There was no ppt presentation so I can read as he was talking nor were there examples to support the content. Extremely disappointed. Is there a written copy of this course I can at least read so I get my money's worth?
Tintin
April 25, 2022
The strategic management concept of strategic management is to really keep the continues running of the organization to ensue that roles of the company and its departments are achieved in the right way and also help business to forecast further.
Victoria
April 22, 2022
The strategic direction of the organization is monitored by the upper management and the board of the organization, strategic management also deals with the foresight of the company and how best the company can utilize its employees to achieved their obligations.
Simon
April 19, 2022
Whilst the content is OK, the video is just Eric reading from a script/notes. There is nothing you wouldn't get from reading a text book here. Perhaps consider providing the script being read out as a document that we can read along with and make notes.
Kuson
March 25, 2022
One of the best way a company can assess its performance is to be able to analyse the areas that the organization is very weak and develop a strategy to solve challenge.
Cosmos
December 23, 2021
The ability of the management of any business to turn their weakness into a great strength shows the competence of that management and it also helps in the company performance because its management that are very critical to the success of the organization and is prepared to face any challenges and resolved they.
Sammy
December 18, 2021
Most business especially small scale business mostly fail to really identify their weakness and develop a strategic to work well and correct their mistakes, this short comings have kill a lot of business which if care was taking the company could have done well in the future.
Popotal
October 8, 2021
For any strategy to develop the oranization to succeed there should be a good road map and a very clear direction as to what management need to achieve, and also sell the idea to the entire organization which is very important for the success of the organization.
Pumkin
July 4, 2021
According to one management expert Peter Drucker he said management is the act of getting things than through people this means that there is no way you can lead or manage without people, it is very important that companies can do better only that company recognize it human capital.
Johnson
June 15, 2021
Any strategic management can only succeed when some things comes to play such as good human resources, management commitment and financial resources to embark on the project, its good the entire organization is committed when we want to achieve something.
Dustin
May 25, 2021
I have observe that we fail in management in executing task because of poor implementation, it very important we all must observe that if the implementation of any management policy is not well taking care of and than appropriately it will always lead to a poor outcome.
Alontee
May 24, 2021
Your point on strategic cost cutting is an area that is very important to me as a business man because my company in incurring a lot of cost , but we have not sit than to do detailed analysis of the areas that is affecting the company , your input is at the right time.
Frank
April 27, 2021
My company cannot boost of any thing as competitive advantage, i think this is why we are not growing as a company and our competitors are way ahead of as, we need a serious change in the company.
Coconut
April 25, 2021
good information, there was a point in time when our sales was very down, but we think we were doing every thing correctly not knowing we have move out of our company vision and mission and this cost as dearly in terms of revenue.

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3954828
udemy ID
4/2/2021
course created date
4/18/2021
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