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Introduction To Strategy Formulation

This document introduces the concept of strategy formulation as the process of selecting actions to meet organizational objectives. It outlines the six main steps of strategy formulation: setting objectives, analyzing the environment, forming goals, setting divisional targets, analyzing performance, and selecting strategies. It also discusses the different levels of strategy formulation including corporate, business, and functional levels. Finally, it provides examples of a university's vision, mission, and strategic objectives.

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Erika Mie Ulat
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99 views13 pages

Introduction To Strategy Formulation

This document introduces the concept of strategy formulation as the process of selecting actions to meet organizational objectives. It outlines the six main steps of strategy formulation: setting objectives, analyzing the environment, forming goals, setting divisional targets, analyzing performance, and selecting strategies. It also discusses the different levels of strategy formulation including corporate, business, and functional levels. Finally, it provides examples of a university's vision, mission, and strategic objectives.

Uploaded by

Erika Mie Ulat
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Introduction to Strategy

Formulation
Strategy
• Process of selecting best action to meet
Formulation, organizational objectives
defined
Steps of Strategy Formulation

1 2 3 4 5 6
Set Objectives Analyze the Form goals Set Divisional Analyze Select Strategy
Environment Target Performance
Corporate Level

Levels of
Strategy Business Level
Formulation
Functional Level
Hierarchy of Goals
Organizational Vision

• organizational goal(s) that evoke(s) powerful and compelling mental images.


Why Visions Fail

• The Walk Doesn’t Match the Talk


• Irrelevance
• Not the Holy Grail
• Too Much Focus Leads to Missed Opportunities
• An Ideal Future Irreconciled with the Present
Mission Statements

• a set of organizational goals that include both the purpose of the organization,
its scope of operations, and the basis of its competitive advantage.
Strategic Objectives

• A set of organizational goals that are used to operationalize the mission


statement and that are specific and cover a well-defined time frame.
Meaningful Objective

• Measurable
• Specific
• Appropriate
• Realistic
• Timely
UC Vision

• The University of the Cordilleras envisions itself as a premier university for the
transformation of individuals into stalwart citizens with noble sense of values
in the service of humanity
UC Mission

• To develop and deliver relevant professional career curricula and


developmental opportunities in a learner-centered environment.
UC Objectives

• 1. Update curriculum to keep abreast of change.


• 2. Community involvement and research intensified.
• 3. Develop an environment conducive to inquiry.
• 4. Empower constituents in the quest for progress.
• 5. Contribute to appreciation of historical and cultural heritage.
• 6. Actively involves in the molding of a national identity.
• 7. Deeper sense of moral and spiritual values.
• 8. Expanded scholarship to a wider segment.

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