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Chapter 2THEORETICAL OVERVIEWTo clarify the basis of arguments about the business strategy of SeABank, this chapter refers to the arguments about strategy and strategic management. Includes presentation of the theory of strategy, strategic management for business activities through the tools, model building and strategic planning, environmental analysis model in the industry. 2.1 some basic concepts of strategic management:2.1.1 concepts:The strategy is to identify the purpose and the goal of a long-term, basic business and conduct activities and allocate the necessary resources for this objective. " An organization with no clear strategy akin to ship steering gear just spins in circles in place "."The strategy is a long-term series of actions are proposed in order to take a business from your current position to a desired position in the future and to establish competitive advantages with respect to other businesses on the market" (Masey and Associates, 2005). Strategic management is the process of determining the strategic objectives of the Organization, build the policies and plans to achieve the targets and allocate the resources of the Organization for the implementation of the policy, this plan.Your business strategy is the overall decision and activities related to the selection and allocation of resources in order to achieve the goal. In the competitive environment, the key objective of the business is gaining strategic position better than competitors.Can say that strategic concept, cover the entire operations of the business. Establish a strategy for enterprises requiring the name know about the external environment, the environment inside of the business, from which to determine a proper competitive strategy to help businesses stand firm and operated superior to the competition.
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