After reading this chapter, you should have a good understanding of the following learning objectives:
LO 1.1 | The definition of strategic management and its four key attributes. |
LO 1.2 | The strategic management process and its three interrelated and principal activities. |
LO 1.3 | The vital role of corporate governance and stakeholder management, as well as how "symbiosis" can be achieved among an organization's stakeholders. |
LO 1.4 | The importance of social responsibility, including environmental sustainability, and how it can enhance a corporation's innovation strategy. |
LO 1.5 | The need for greater empowerment throughout the organization. |
LO 1.6 | How an awareness of a hierarchy of strategic goals can help an organization achieve coherence in its strategic direction. |