Strategic Management Glossary

Vision Statement

admin — Thu, 06 Mar 2008 06:47:18 +0000

Definition: A declaration of where you are headed - your future state. To formulate a picture of what your organization’s future makeup will be and where the organization is headed.

Ask: What will your organization look like 5 to 10 years from now?

Values Statement

admin — Thu, 06 Mar 2008 06:46:05 +0000

Definition: To explain what you stand for and believe in.

Value Chain

admin — Thu, 06 Mar 2008 06:45:49 +0000

Definition: A path that products take, from raw materials to finished product to the consumer, along which they continually gain value as they move down the chain.

Tactical

admin — Thu, 06 Mar 2008 06:45:29 +0000

Dealing with or related to the accomplishment of tasks that support the strategic vision of the organization.

SWOT Analysis

admin — Thu, 06 Mar 2008 06:45:03 +0000

Definition: To access the particular strengths, weaknesses, opportunities and threats that are strategically important to your organization

Strategy Map

admin — Thu, 06 Mar 2008 06:44:43 +0000

Definition: A macro-view of an organization’s strategy, the map divides a company’s objectives into 4 focuses: financial, customer, operations and people.

Strategies

admin — Thu, 06 Mar 2008 06:44:03 +0000

Definition: To establish a guide that matches your organization’s strengths with market opportunities to position your organization in the mind of the customer.

Ask: Does your strategy match your strengths with how you will provide value to and be perceived by your customers?

Strategic Planning

admin — Thu, 06 Mar 2008 06:40:42 +0000

The process of an organization deciding their corporate direction, objectives and priorities, and then aligning their resources to accomplish the actions necessary to meeting them.

Strategic Objectives

admin — Thu, 06 Mar 2008 06:40:01 +0000

Definition: Strategic Objectives are long-term, continuous strategic areas that get you moving from your mission to achieving your vision. What are the key activities you need to perform to reach your vision?

Strategic

admin — Thu, 06 Mar 2008 06:36:42 +0000

Definition: Dealing with or related to higher-level priorities that will meet the objectives an organization has decided to accomplish.