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Glueck and Jauch's Strategic Management Model

Revision as of 12:00, 7 January 2023 by User (talk | contribs)

What is Glueck and Jauch's Strategic Management Model?

Glueck and Jauch's Strategic Management Model is a framework for understanding and analyzing the strategic management process in organizations. It was developed by William F. Glueck and Lawrence L. Jauch, and it consists of four main stages:

  • Strategy formulation: In this stage, the organization defines its mission, goals, and objectives, and develops a plan for achieving them. This may involve analyzing the organization's internal and external environment, identifying its strengths and weaknesses, and defining its competitive advantage.
  • Strategy implementation: In this stage, the organization puts the strategy into action by allocating resources, assigning responsibilities, and implementing the necessary policies and procedures.
  • Strategy evaluation and control: In this stage, the organization monitors and measures the effectiveness of the strategy and takes corrective action if necessary. This may involve assessing the organization's performance against its goals and objectives and comparing it to the performance of its competitors.
  • Strategy modification: In this stage, the organization adjusts the strategy based on the results of the evaluation and control process. This may involve revising the strategy, changing the allocation of resources, or adapting to changing circumstances.

Glueck and Jauch's Strategic Management Model provides a systematic approach to understanding and managing the strategic management process in organizations. It emphasizes the importance of ongoing evaluation and control and the need for flexibility and adaptability in the face of changing circumstances.


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