STRATEGIC MANAGMEMNT MODULE 1:Managing Strategic Change

STRATEGIC MANAGMEMNT MODULE 1:Managing Strategic Change

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Core business of the organization Theory of strategic management A brief llok on the history Concept of strategic management Pupose of strategiv management Envirement 1.

Types of environment Strategic management process Advantages of change Disadvantages Manager?s role in the change of culture of the organisation Conclusion

Refrences Every organization exist for some purposes either to contribute to the society, or to maximize the profit for the stakeholders and are often forced to adapt other business by acquiring or partnering/merging in order to remain competitive or simply to grow their business.

A company may merge through sale deed to a larger public company or its reciprocal. Companies restructure their operations, assets and relationships with the stockholders in search of higher growth, expansion, technology adoption and greater revenues. Organizational change can be referred to as organizational development and organizational transformation (Cummings and Worley, 2005; Newhouse and Chapman, 1996) Mergers or acquisitions, and transformation is form of change strategy which often enable a private company to develop a competitive advantage by increasing services through growth in the market, greater share in the market profit and shareholders value.

A very common motive more or less is the strategic growth, talent growth, a uniqueness in services and products, and aiming to become market leader when two private companies from the same business class or market enter into a merger agreement it is known as horizontal merger, the merged private companies benefit from economies of scale and increase total market share by consolidating facilities, combining operations, increasing working capital, reducing competition, ..

The Mega Environment 2) The Task Environment The mega Environment: The mega-environment, or general environment as it is sometimes called, is that segment of the external environment that reflects the broad conditions and trends in the societies within which an organization operates. It elements are: Technology Economic elements

legal and political Socio-culture Demographic trends The task environment is made up of specific outside elements (usually organizations) with which an organization interfaces in the course of conducting its business. It elements are:

Customers and clients Competitors Local government agencies On of major threats DG have to face from external environment is from the local council,

which have major plan to spend £570m on extension of the Nottingham Express Transit (NET) a local tram network, for which work has already started

and will be completed until end of 2014, which will connect the city to three major counties areas where local private hire company are operating for transportation of passengers.

This will effect DG business to great extend and other small firms in the region, as local population will hav………………