{"id":169,"date":"2017-07-26T18:51:48","date_gmt":"2017-07-26T18:51:48","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-principlesofmanagement\/?post_type=chapter&#038;p=169"},"modified":"2017-08-14T21:37:15","modified_gmt":"2017-08-14T21:37:15","slug":"introduction-to-stages-and-types-of-strategy","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-principlesmanagement\/chapter\/introduction-to-stages-and-types-of-strategy\/","title":{"raw":"Introduction to Stages and Types of Strategy","rendered":"Introduction to Stages and Types of Strategy"},"content":{"raw":"<h2>What you\u2019ll learn to do: explain the stages of strategy, and describe the common types of business strategies<\/h2>\r\nThe strategic management process starts with knowing the vision and mission, formulating clear goals, implementing plans with precision, and evaluating results to ensure milestone are met. Most business strategies are focused on the competitive environment. Porter\u2019s system that classifies generic strategies allows organizations to choose how to situate themselves in the industry environment. Finally, all strategies must include an approach to address the digital world of e-commerce.","rendered":"<h2>What you\u2019ll learn to do: explain the stages of strategy, and describe the common types of business strategies<\/h2>\n<p>The strategic management process starts with knowing the vision and mission, formulating clear goals, implementing plans with precision, and evaluating results to ensure milestone are met. Most business strategies are focused on the competitive environment. Porter\u2019s system that classifies generic strategies allows organizations to choose how to situate themselves in the industry environment. Finally, all strategies must include an approach to address the digital world of e-commerce.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-169\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Introduction to Stages and Types of Strategy. <strong>Authored by<\/strong>: John\/Lynn Bruton and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":21046,"menu_order":8,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Introduction to Stages and Types of Strategy\",\"author\":\"John\/Lynn Bruton and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"4414162c-c265-4052-8d20-f4367a3fcfb1","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-169","chapter","type-chapter","status-publish","hentry"],"part":43,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/suny-principlesmanagement\/wp-json\/pressbooks\/v2\/chapters\/169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/suny-principlesmanagement\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/suny-principlesmanagement\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-principlesmanagement\/wp-json\/wp\/v2\/users\/21046"}],"version-history":[{"count":4,"href":"https:\/\/courses.lumenlearning.com\/suny-principlesmanagement\/wp-json\/pressbooks\/v2\/chapters\/169\/revisions"}],"predecessor-version":[{"id":1423,"href":"https:\/\/courses.lumenlearning.com\/suny-principlesmanagement\/wp-json\/pressbooks\/v2\/chapters\/169\/revisions\/1423"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/suny-principlesmanagement\/wp-json\/pressbooks\/v2\/parts\/43"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/suny-principlesmanagement\/wp-json\/pressbooks\/v2\/chapters\/169\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/suny-principlesmanagement\/wp-json\/wp\/v2\/media?parent=169"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-principlesmanagement\/wp-json\/pressbooks\/v2\/chapter-type?post=169"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-principlesmanagement\/wp-json\/wp\/v2\/contributor?post=169"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-principlesmanagement\/wp-json\/wp\/v2\/license?post=169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}