# THE VISION AND MISSION ;)

assalamualaikum :) 

                  hye everyone ! i pretty sure that all of us have our own vision and mission. am i right ? :) okayy, what we want to become in future ? we should answer this question as our VISION STATEMENT. A vision statement should be short, preferably one sentence, and as many managers as possible should have input into developing the statement. 

                  Then, what about MISSION STATEMENT ? Mission statement is a declaration of an organization's reason for being. One of example is answers the provital question "what is our business ? " 

                  In tutorial class, we have met Madam Huda and she asked us to write our vision and mission then we have to submit it. :) In the future, InsyaALLAH i will open my own bakery ^^ ( pls pray for me ) hehe, so, to achieve my goals, I need to work hard to achieve it ! yeahhh ~ 

okayyy, thats all for this entry ^^  only mention about VISION and MISSION . 

# THE NATURE OF STRATEGIC MANAGEMENT ;)

Okayy ~ last week i had learnt about the nature of Strategic Management ;) ALHAMDULILLAH ~ oppsss ! sorry. Assalamualaikum reader :) HAHA ! firstly, let me list down the objectives of this chapter. For me, before we start study about something, we need to know what we can get at the end ^^ for me laa :D 
There is SIX objectives of this chapter ^^ : 

     1.Describe the strategic-management process.

     2.Explain the need for integrating analysis and intuition in strategic management.

     3.Define and give examples of key terms in strategic management.

     4.Discuss the nature of strategy formulation, implementation, and evaluation activities.

     5.Describe the benefits of good strategic management.

     6.Discuss how a firm may achieve sustained competitive advantage.

okay, clear enough about the objective of this chapter right ? GOOD :) hehe, 

       Strategic management means the art and science of formulating implementing and evaluating cross-functional decisions that enable an organization to achieve its objective. Strategic management is used synonymously with the term strategic planning :)

STAGES OF STRATEGIC MANAGEMENT..

          strategy Formulation -----> strategy Implementation ----> strategy Evaluation



                 A strategic plan results from tough managerial choices among numerous good alternatives and its signals commitment to specific markets, policies, procedures and operations. 

                Strategy formulation, implementation and evaluation activities occur at three hierarchical levels in a large organization :

                 okayy ~ lastly, there is some benefit of strategic management. One of benefit of strategic management is to help organizations formulate better strategies through the use of a more systematic, logical, and rational approach to strategic choice :) Besides,  Business using strategic management concept can improve in sales, profit and productivity . Moreover, there is financial benefit and non-financial benefit. 

thats all ^^