About This Chapter
Strategic Management - Chapter Summary
View these text and video lessons to examine numerous elements of strategic management. You'll learn about the steps involved with key processes within this aspect of portfolio management. Lessons also explore related management models, methods, and terminology. Topics covered include strategic change management, business needs analysis, continuous quality improving, as well as all of the following:
- Benefits and demand management
- Quality management systems
- The impact of regulatory restrictions and compliance on business
- Analyzing and managing business portfolios
You can use the Dashboard to keep track of your recent activity and progress through the chapter while exploring links to relevant practice quizzes and additional courses. And if you're having trouble with any aspect of the material, you can also submit questions to subject experts through the Dashboard.
1. The Strategic Management Process
We will be reviewing the strategic management process, starting with the four main steps of the process. These steps provide the foundation for understanding strategic management as a whole and will serve you well as you deal with management decision-making situations.
2. What Is Strategic Change Management? - Definition, Models & Examples
In this lesson, we'll be looking at strategic change management, which is a process of managing a change within an organization or company. We'll also look at the various models of strategic change management. Afterwards, you can test your knowledge with a quiz.
3. Benefits Management in Project Management: Definition & Examples
This lesson explores the concept of benefits management. Think of benefits management as a framework that is used by project managers to ensure that focus is placed on the benefits that the project outcomes will have for the organization.
4. Demand Management: Definition & Examples
Companies want to make money. They do this by selling things that consumers want. In this lesson we will learn how companies and even the government manages demand.
5. The Business Effects of Regulatory Restrictions & Compliance
Did you know that regulatory restrictions and compliance have direct effects on business? The effects can be positive or negative, and as is the case with anything related to government, it's often politicized.
6. Business Needs Analysis
Business needs analysis is a valuable analysis tool companies use to determine the needs of the business. A needs analysis is often used to understand an issue or opportunity and begin to formulate resolution ideas.
7. Gap Analysis: Definition & Tools
In this lesson, you'll find out about gap analysis and how businesses and other organizations use it. You'll also follow the four steps of the gap analysis process from start to finish and learn about two tools used in business analysis.
8. Organization Capability Analysis in Program Management
Is your company ready for a big change? In this lesson, learn the various evaluation techniques organization use to analyze their readiness, or if implemented programs are well aligned with their strategic plan.
9. What Is Contingency Planning in Business? - Definition, Example & Importance
Every business is impacted by events, and a poor response to those events could, in extreme cases, result in the loss of the business. Learn what contingency planning is and why we do it, and explore the process for implementing it at your company.
10. Business Portfolio Analysis: Definition & Examples
Companies need to know how well they're doing: it helps them determine where to make changes and determine if they're doing a good job competing with others in the industry. In this lesson, we'll learn how a company determines their performance.
11. Business Portfolio Management: Definition & Example
In this lesson, we will learn about business portfolio management and how it enables organizations to make better choices about prioritizing projects and managing risk. When you are through, you can take a short quiz.
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