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Mba stands for in russian12/16/2023 ![]() ![]() Through this method the student not only has to study the classic Theories of Business, she/he also has to learn a more practical approach and implement this, in 15 projects, into their own company. The implementation projects approach is what made the difference from other schools. Alumnus Stefano from Switzerland, says of the experience he had during his Executive MBA studies at EMAS, “I had the pleasure to attend the EMBA program at EMAS. ![]() Graduates of the EMAS’s DBA and Executive MBA in Strategic Management walk away with at least 31 business management skills and extensive business connections forged both through their online studies and opportunities for face-to-face interactions in Moscow and Nizhny Novgorod. Strategic priorities highlighted by COVID-19 include resilience, planning for the upheaval resulting from ecological and environmental threats, preventative planning over short-term profits, and the integration of government policies alongside business economics. It’s not just about the ability to pivot, however but also to do so in a sustainable way. The seismic changes to the business world caused by the pandemic underscore the importance of agility in the face of abrupt disruption. You need to be quick to adapt to these shifts and changes by creating organizational structures that support all levels of your organization to implement changes that align with your strategic goals.” There’s no more relevant example of the value of strategic management than the COVID-19 crisis. ![]() Strategy and leadership thought leader Anthony Taylor explains, “If you are going to run a successful organization in the future, you need to understand what's going on both within and beyond your competitive environment. As innovation and technological advancement continue to rapidly galvanize global economies, companies with the ability to respond and react will gain a competitive advantage. However, they may be more important now than ever. In order to understand whether their strategies are succeeding or falling short, organizations must also have the mechanisms in place to assess, measure, and review results.īusiness strategy and Strategic management have always been important. It’s not enough to merely deploy strategic management, however. “Without a strategic framework to guide these decisions, the organization will run in too many different directions, accomplish little, squander profits, and suffer enormous confusion and discord,” adds Latham. In providing the guidelines by which an organization will reach its goals, a strategy becomes a roadmap for organizations to follow as they move forward. Strategy does not delineate how to make everything happen, but it does set forth the basics regarding how an organization will deliver value to owners, customers, partners, and society. These comprise manufacturing strategies, hiring strategies, marketing strategies, and sales strategies. In addition to overarching “big picture” strategies which address the structure and core functions of a business, specific strategies are also vital. In an article for Forbes, founder of consulting firm Uncommon Clarity, Ann Latham, proposes, “A strategy is a framework for making decisions about how you will play the game of business." These decisions pertain to a range of priorities, including business model, capital investments, operations, marketing, branding, production, hiring, and sales. While we all have a basic idea of what “strategy” means, many attempts have been made to define it. ![]()
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