The nature of strategic management

Article Abstract:

Strategic management involves elements geared toward a firm's long term survival and achievement of management goals. The components of the content of a strategy making process include a desirable future, resource allocation, management of the firm-environment and a competitive business ethics. However, some conflicts may result in defining the content of strategy such as differences in interaction patterns among associates, inadequacy of available resources and conflicts between the firm's objectives and its environment.

Management Policy & Goals, Methods, Business planning, Goal setting

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Strategic planning in a US federal agency

Article Abstract:

The establishment of a corporate strategic planning process by the Naval Surface Warfare Center, which is a research and development organization attached to the US Dept of Defense, is presented. This marks the first time that a strategic planning process was adopted by a federal agency. Under the process, strategic business units are tasked to do the various activities of the organization. However, whether the adoption of a corporate planning process by the agency will last or not is still open to speculation.

Planning, United States. Naval Surface Warfare Center

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Good and bad divestment: the stock market verdict

Article Abstract:

The effects of corporate divestment activities are evaluated. It is shown that stock prices of companies which divest undergo an abnormal and temporary increase. Some divestitures are ill-advised moves while some are intended only for stock-price manipulations. It is suggested that divestments should be resorted to only if the move allows for a planned strategic corporate reorientation. The main objective of divestments is to ensure value improvements.

Evaluation, Corporate divestiture, Divestiture

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