Accounting

• Strategic Management: The process of planning, implementing, and evaluating an organization's strategy to achieve its goals and objectives
• SWOT Analysis: An assessment of an organization's strengths, weaknesses, opportunities, and threats to inform strategic planning
• Mission Statement: A concise statement outlining an organization's purpose, values, and core objectives
• Vision Statement: A forward-looking statement describing the desired future state of an organization
• Strategic Planning: The systematic process of defining an organization's strategy and making decisions on allocating its resources
• Strategic Goals: Broad objectives that an organization aims to achieve over a defined period, aligning with its mission and vision
• Objectives: Specific, measurable, and time-bound targets that support the achievement of strategic goals
• Core Competency: Unique capabilities or resources that give an organization a competitive advantage
• Competitive Advantage: A set of unique qualities that allows an organization to outperform its rivals
• Porter's Five Forces: A framework for analyzing the competitive forces in an industry, including the threat of new entrants and the bargaining power of buyers and suppliers
• Value Chain: The sequence of activities that add value to a product or service during the production and delivery process
• Business Model: The way in which an organization creates, delivers, and captures value
• Strategic Leadership: The ability of leaders to effectively guide and influence the organization's strategy
• Strategic Innovation: The process of creating new or improved strategies to gain a competitive advantage
• Environmental Scanning: Continuous monitoring of external factors that may impact the organization's strategy
• Strategic Control: The process of tracking, evaluating, and adjusting an organization's strategy to ensure its effectiveness
• Corporate Strategy: The overall plan for managing a diversified portfolio of businesses
• Business-Level Strategy: A plan that outlines how a business will compete in a specific market or industry
• Cost Leadership: A business strategy focusing on becoming the lowest-cost producer in an industry
• Differentiation: A strategy emphasizing unique products or services to distinguish an organization from competitors
• Focus Strategy: Concentrating efforts on a specific market segment or niche
• Blue Ocean Strategy: Creating uncontested market space by innovating and creating new demand
• Strategic Alliance: Collaboration between organizations to achieve mutual benefits
• Mergers and Acquisitions (M&A): The combining of two or more companies through various financial transactions
• Corporate Governance: The system of rules, practices, and processes by which a company is directed and controlled
• Stakeholder: An individual or group with an interest or concern in the success of an organization
• Risk Management: Identifying, assessing, and mitigating potential risks that may affect the organization's strategy
• Scenario Planning: A strategic planning tool involving envisioning different future scenarios and preparing for them
• Strategic Alliances: Collaborative agreements between companies to achieve shared objectives
• Strategic Intent: A clear, challenging, and compelling vision that guides an organization's strategy
• Strategic Implementation: The process of executing the chosen strategy effectively throughout the organization
• Key Performance Indicators (KPIs): Quantifiable measures used to evaluate the success of an organization in achieving its strategic objectives
• Balanced Scorecard: A strategic management tool that measures performance across financial, customer, internal processes, and learning and growth perspectives
• Benchmarking: Comparing an organization's performance against industry best practices or competitors
• Strategic Fit: Ensuring that an organization's resources and capabilities align with its strategic objectives
• Strategic Flexibility: The ability of an organization to adapt its strategy in response to changing circumstances
• Strategic Planning Process: The series of steps taken to develop and implement an organization's strategy
• Strategic Decision Making: The process of choosing between alternative courses of action to achieve organizational goals
• Strategic Drift: Gradual changes in an organization's strategy that may lead to misalignment with its environment
• Strategic Entrepreneurship: Integrating entrepreneurial actions into the strategic management process