Saturday, May 16, 2020

Strategic Management Leadership And Management - 1421 Words

Strategic Management Ashlee Waller Nightingale College of Nursing Leadership and Management 330 Ms. Clarke November 9, 2014 Strategic Management, according to the text, involves conducting an environmental scan which includes customers and knowing competition, establishing goals, setting targets, developing an action plan, implementing the plan, and evaluating success (Hubler, 2014, p. 331) This is used to establish a company’s vision or mission. This process helps a company to gain awareness of things that they need to do in order to become more successful than they are or against their competition. This process begins when an organization realizes their need for change or improvement to a more competitive position within their market or when they are seeking some other status such as seeking Magnet status as mentioned in the text. (Hubler, 2014) There are three questions that need to be addressed when a plan is being implemented the questions are about where the company is currently sitting, where they want to go, and how they will get to their end goal. They then need to create an organizational vision or a mission. (Hubler, 2014) Strategic management boils down to being the foundation of the company, the structure, and is the source of power. Organizational vision or mission describes the view of a business and the direction it wants to obtain in the future. (Hubler, 2014, p. 331) In order to do this the nursing process of ADPIE, which mean to assess, plan,Show MoreRelatedStrategic Management and Leadership738 Words   |  3 PagesModule: | Strategic Management and Leadership | Session: | Introduction to Strategy and Strategic Management | Submitted by: | Lord Mills, | Exploring Strategy: 9th edition, 2010: Johnson, Scholes and Whittington: Prentice Hall Publishing LEGO Group: Working with Strategy – pages 542 – 546 1. Explain how the development of strategy at the LEGO Group reflects the key characteristics of strategic management. 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