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Sample Study Notes

The document outlines key concepts in strategic management, including business models, competitive advantage, the McKinsey 7S framework, corporate governance, and strategic control. It emphasizes the importance of these elements for creating value, outperforming competitors, aligning organizational components, ensuring accountability, and adapting strategies to changing conditions. Each section highlights essential aspects that contribute to a firm's long-term success and sustainability.

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Chand bashas1028
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2 views1 page

Sample Study Notes

The document outlines key concepts in strategic management, including business models, competitive advantage, the McKinsey 7S framework, corporate governance, and strategic control. It emphasizes the importance of these elements for creating value, outperforming competitors, aligning organizational components, ensuring accountability, and adapting strategies to changing conditions. Each section highlights essential aspects that contribute to a firm's long-term success and sustainability.

Uploaded by

Chand bashas1028
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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■ Strategic Management - Study Notes

1. Business Models
- Explains how a company creates, delivers, and captures value.
- Examples: B2B, B2C, Subscription, Freemium models.
- Important for strategy and sustainability.

2. Competitive Advantage
- Ability of a firm to outperform rivals.
- Sources: Cost leadership, Differentiation, Innovation.
- Helps build long-term success.

3. McKinsey 7S Framework
- Used for organizational analysis.
- Includes: Strategy, Structure, Systems, Shared values, Skills, Style, Staff.
- Helps align internal elements for better performance.

4. Corporate Governance
- System of rules and practices by which companies are directed.
- Ensures accountability, fairness, and transparency.
- Protects stakeholders and improves trust.

5. Strategic Control
- Monitoring and adjusting strategies to meet goals.
- Types: Premise control, Implementation control, Special alert control.
- Ensures strategies remain effective in changing environments.

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