IS PM3_2024

Monitoring, evaluation, and disseminating information from external and internal environments to key people in the firm

Evaluation & control

Strategy implementation

Strategy formulation

Environmental scanning

Improved understanding of changing environment

Sharper focus on strategic importance

Clearer sense of strategic vision

Strategic management

Externally oriented planning

Forecast based planing

Basic financial planning

Set of managerial decisions and actions that determines the long-run performance of a firm

Knowledge key asset -- source of competitive advantage

Internet purchasing beyond traditional boundaries

Pace of business increasing

Competition changing

Balance of power shift to consumer

Market access & branding changing -- disintermediation of traditional distribution channels

Forcing company transformation