Concepts in Strategic Management

Concepts in Strategic Management

With the textbook below as reference, write a paragraph (atleast 150 words) about the below given points with at least one newspaper or magazine article about a company as an example for each point.

Textbook : Wheelen, T.L., Hunger, D.L., Hoffman, A.N., & Bamford, C.E. (2015). Concepts in Strategic Management and Business Policy (14th ed.)

1. Measuring Performance of the strategy in place

2. ACTIVITY-BASED COSTING

3. Output controls, Input controls and Behavior controls in strategy evlauation

4. ENTERPRISE RISK MANAGEMENT

5. Traditional Financial Measures (ROI, EPS, ROE, Cash Flow)

6. Economic value added (EVA) & Market Value Added (MVA)

7. Management Audit and Strategic Audit

8. ENTERPRISE RESOURCE PLANNING (ERP)

9. Behavior Substitution and Suboptimization

10. Foreseeing crisis in strategic planning

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