Strategic Management

The word strategy originated from stratagos. The term “strategy” is derived indirectly from the Classic and Byzantine (330 A.D.) Greek “strategos,” which means “general.”

SBU stands for strategic business unit. A strategic business unit, popularly known as SBU, is a fully-functional unit of a business that has its own vision and direction.

Within a year, promote managers across company boundaries is the exact contribution the organization can make to the acquiring company.

Making too many resources available to the integration program is not a factor causing weak synergy. Weak synergy was defined there as group performance that exceeds the performance of its average member when working alone.

A company specializing in producing mass market cars acquires a company which specializes in financial services. The new company can now offer financial services to its car purchasers. Unrelated form of diversification is this. Unrelated Diversification is a form of diversification when the business adds new or unrelated product lines and penetrates new markets.

Swot Analysis is done to know the Threats, strengths Weaknesses and opportunities. SWOT Analysis is a simple but useful framework for analyzing your organization's strengths, weaknesses, opportunities, and threats. It helps you to build on what you do well, to address what you're lacking, to minimize risks, and to take the greatest possible advantage of chances for success.

Firms that practice unrelated mergers are conglomerate. A conglomerate merger is a merger between firms that are involved in totally unrelated business activities.

Turnaround strategies involve changes at Competitive level of strategy. Turnaround strategy means to convert, change or transform a loss-making company into a profit-making company. It means to make the company profitable again. The main purpose of implementing a turnaround strategy is to turn the company from a negative point to a positive one.

When a company is experiencing an economic recession this is a good time to refocus. The ReFocus Group assists organizations to develop and implement dynamic strategic plans that are valuable to the organization, helping to define its culture, focus its long-term vision, and identify short-term actions steps that motivate proaction.

Strategic leaders live in the details, and they know everything will likely not happen as it is supposed to. Therefore, these individuals will attempt to anticipate problems and plan for them. They will look for weak areas and will try to work with teams to keep from falling into a problem area.