Matakuliah : J0084 / Introduction to Management and Business) Tahun : 2007 Versi :1/3 Pertemuan 07 (Seventh Meeting) Strategic Management Halaman 1 Learning Outcome Student should be able to prove the importance of the strategic management implementation by the organization to anticipate changes -> C3 Halaman 2 Learning Outline • The Importance of Strategic Management • The Strategic Management Process • Types of Organizational Strategic • Strategic Management in Today’s Environment Halaman 3 1. The Important of Strategic Management a. What is Strategic Management Halaman 4 b. Why Is Strategic Management Important 1) It can make a difference in how well an organizations performs 2) The organizations of all types and sizes face continually changing situations 3) The nature of the organizations 4) It’s involved in many of the decisions that managers make Halaman 5 2. The Strategic Management Process Step 1: Identifying the Organization’s Current Mission, Goal, and Strategies Step 2: Doing an External Analysis Step 3: Doing an Internal Analysis Step 4: Formulating Strategies Step 5: Implementing Strategies Step 6: Evaluating Results Halaman 6 The Strategic Management Process External Analysis: •Opportunities •Threats Identify the organization’s Formulate Implement current mission, SWOT Analysis Strategies Strategies goals, and strategies Internal Analysis: •Strengths Evaluate •Weaknesses Results Halaman 7 3. Types of Organizational Strategies Corporate Business Multibusiness Corporation Strategic Strategic Strategic Business Unit 1 Business Unit 2 Business Unit 3 Func Manufac Human Marketing Finance tional R & D turing Resources Halaman 8 a. Corporate Strategy 1) 2) 3) 4) Growth Stability Renewal Corporate Portfolio Analysis RP Halaman 9 The BCG Matrix High Market share Anticipated Growth Rate High Low Low Stars Question Marks Cash Cows Dogs Halaman 10 b. Business (or Competitive) Strategy 1) 2) 3) 4) The role of Competitive Advantage Quality as a Competitive Advantage Sustaining Competitive Advantage Competitive Strategy Five competitive forces in industry: a) Threats of new entrants b) Threats of substitutes c) Bargaining power of buyers d) Bargaining power of suppliers e) Current rivalry Halaman 11 Forces in the Industry Analysis Threats of New Entrants Suppliers Bargaining Power of Suppliers New Entrants Intensity of Rivalry Among Current Competitors Bargaining Power of Buyers Buyers Threats of substitutes Substitutes Halaman 12 Three generic competitive strategies: a) Cost leadership b) Differentiation c) Focus c. Functional Strategy Halaman 13 4. Strategic Management in Today’s Environment a. Strategic Flexibility b. New Directions in Organizational Strategies 1) e-Business Strategies 2) Customer Service Strategies 3) Innovation Strategies Halaman 14