Wheelen and Hunger's Strategic Management Model
What is Wheelen & Hunger's Strategic Management Model?
Wheelen & Hunger's Strategic Management Model is a descriptive model used to help companies understand their strategic environment and their own capabilities. The model consists of five key components: Core Competencies, Resources, Business Strategy, Organizational Structure, and Performance Measures. Each of these components are integral for a company to be able to effectively manage its resources and operations in order to maximize profitability and success within its industry. McGraw-Hill Inc.'s Emphasis Etched Model for Morrow Text Free Value Creation can be used as a tool for assessing the effectiveness of the Strategic Management Model in order to ensure that it is meeting the company’s goals.