An agreement between two or more organizations to cooperate in a specific business activity, so that they benefit from each others strengths, and gains competitive advantage. The formation of strategic alliances is seen as a response to globalization and increasing…

Strategic intent Strategic intent is a high-level statement of the means by which your organization will achieve its vision. It is a statement of design for creating a desirable future (stated in present terms). Putting it simple, a strategic intent…

The strategic hierarchy In most (large) corporations there are several levels of strategy. Strategic management is the highest in the sense that it is the broadest, applying to all parts of the firm. It gives direction to corporate values, corporate…

This is a six-stage process, run in-house usually by a Strategic Management Group. It is supported by various consultants and accessible to external stakeholders. It is a useful method for public and voluntary organizations.

The extent to which the activities of a single organization or of organizations working in partnership complement each other in such a way as to contribute to competitive advantage. The benefits of good strategic fit include cost reduction, due to…