Learning Outcomes of the Lesson
After completion of this lesson, learners will:
- be able to define the concept of Strategic Management and customize the concept for Strategic Management for Social Enterprises;
- be able to define the concepts of strategy and the strategic management process in an organization;
- be able to define and exemplify the concept of the organization competitiveness and organization financial performance.
- recognize specific key strategies and insights for Strategic management for social enterprises.
- be able to perform the Environmental Analysis (Stage 1) using The External Factor Evaluation (EFE) Matrix, The Internal Factor Evaluation (EFE) Matrix, the Competitive Profile (CPM) Matrix.
- be able to perform the Correlation and Evaluation Stage (Stage 2) using The SWOT analysis and two of the four additional tools proper for this stage (The SPACE Matrix; The IE Matrix; the BCG Matrix or The Grand Strategy Matrix).
- be able to complete the Decision Stage (Stage 3) using The Quantitative Strategic Planning Matrix (QSPM).
- be able to design the Strategic Implementation following the specific key steps and using the specific methodological tools.
- be able to perform the develop actionable plans and allocate resources effectively to achieve organizational goals by using the specific methodological tools (egg. The Gantt chart).
- be encouraged to apply the discussed strategic concept and the associated tools and models for specific social challenges and the derived social entrepreneurial business idea.
