Strategic Management

Strategic Planning- Process using resource to achieve goal by assessing the past experience, current situation, forecast future.

Stages Strategic (DAMPO)

Directional strategy, (Mission, Vission, Value)

Adaptive strategy, (Constrictive, Status quo, Expand)

Market entry strategy, (Purchase, Collaboration, Development)

Position strategy, (Wide, Segmented)

Operational Strategy.(Wide, Functional)

Strategic Management- Process of assessing, formulating, implement and control of organizational focus.

Synergy- Combination between 2 or more strategic management.

Different between Strategic, Program, Project

Strategic

Attribute- More than 2 program

Budget- Non Specific

Course- Broad. Involve entire organization

Responsible- Until Top Management

Situational- analy[SISo^]- Stakeholder, Industrial, Sectoral, Organization, Competition

Program

Attribute- More than 2 project

Budget- Specific, But Expensive

Course- Broad. Involve section of organization

Responsible- Until Middle Management

Situational- Cost Effective Analysis, Needs Analysis

Project

Attribute- More than 2 activities

Budget- Specific. Cheaper

Course- Narrow. Involve small group of organization

Responsible- Until Lower and operational management

Situational- Gap Analysis, Obstacles Analysis

Operating Policy- Broad statement to achieve political goal.

Operating Procedure- Specific steps to achieve desired outcome.

Best Practice for Policy or procedure (SOP+)

1- Strategic planning and management is adopt

2- Organization Structural (committee, dual reporting)

3- Provision of Skills

4-Technology Advancement and Investment