Strategic Management

A. External Environment Scanning

• General Environment - PEST Analysis
• Industrial Environment - 5 Forces Analysis

B. Internal Environment Scanning

• Strengths - Identify Resources, Capabilities & Core Competencies
• Value Creation - Value Chain Analysis

C. Overall

• SWOT Analysis

D. Strategy Formulation/Development

• Define Strategic Options/Choices followed by Evaluation. Finally, put the selected options into Strategic Themes/Thrusts.

E. Strategy Execution/Implementation

• Develop Strategic Map with objectives, indicators & targets set.
• Use Balanced Scorecard.