Key concepts of Management Policy and Strategy

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In terms of professional development, this concept refers to skills and knowledge for both personal development and career development; professional development courses can encompass all types of facilitated learning opportunities, ranging from college degrees to formal coursework, conferences and informal learning opportunities situated in practice; it has been described as intensive and collaborative, ideally incorporating an evaluation stage; there are a variety of approaches to professional development, including consultation, coaching, communities of practice, lesson study, mentoring, reflective supervision and technical assistance (wikipedia, 2010).

In terms of helping a student to utilize the main concepts of "management policy and strategy" into the real world of business, the best model, according to this author, would be a teaching model based on lecture and homework assignment philosophy which will simulate as practical the business environment of a small enterprise. For example, according to this site, "Management Policy & Strategy," (2010) the course is designed to present strategic management from the viewpoint of the practicing general manager or business owner; it focuses on addressing 'real world' management strategy and the processes which a general manager/owner uses to examine business situations, to develop strategic goals and objectives, and to implement plans that guide the organization toward the desired position. Important key concepts and topics of "Management Policy and Strategy," may include:

1)Understanding the essential elements of the strategic management process and discussing the question of what an emergent strategy is?
2)Stakeholder and the Corporate Mission: What are the three main components of a mission statement? Explain the ...