Unit
6
Content
Process
A. Overview of the
class
This unit
is designed to
help participants
avoid
important pitfalls
in implementing
their strategic
plan, and develop
a system
for controlling
the firms strategic
direction.
Upon completion
of this unit,
participants
will...
* be able to
prepare a first draft
of their
firm's
strategic plan.
- be able to
structure the firm
and delegate
responsibility
for implementing
sections
of
the plan.
"
be able to design
a basic management
control system for
their firm.
* be able
to draft a process for
keeping the
plan up-to-date.
*
understand the basic
elements involved
in
developing a board
of directors.
B. Draft the 'lan
Before continuing,
let's review:
Put up TP 1-1:
Definition of Strategic
* Strategic Management
reviews
to deci- Management.
sions
that impact that
long run perfor
mance of the firm.
* Three
elements in the process
Put up TP 1-2:
Basic Elements in
the
Strategic
Management
Process.
- rhase II = Strategy
Implementation
Put up TP
1-4: Definition
of Strategy
Implementation.
- Phase
III = Strategy Evaluation
and
Put up TP 1-5: Definition
of Evaluation
and
Control
Control.
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