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STRATEGIC PLANNING
Question | Answer |
---|---|
What is strategy? | A plan of action or policy designed to achieve a major or overall aim. The art of planning and directing overall operations. |
What are the Characteristics of strategy? | 1. Long term direction 2. Scope of organizational activities 3. Competitive advantage 4. Strategic fit with business enviro 5. Org resources and competences 6. Values and expectations of power analysis. |
What are the Implications of Strategic decisions? | Complexity, Integration, Uncertainty, Operational decisions, Relationships with Networks, Change |
What are the levels of Strategic Decisions | Corporate level Strat - Market your going to operate in, sell => your scope Business Level Strat - What to use? cost leadership focus Operational Level Strat - how much of raw materials, to produce, require, sell |
What is SBU? | Strategic Business Unit [An autonomous division or organizational unit, small enough to be flexible and large enough to exercise control over most of the factors affecting its long-term performance] |
Vocab of Strategy | Mission, Vision, Goal, Objc, Strategic capability, Strategies, Business Model, Control |
Whats Strategic position? | Understanding the external* and internal environment |
Strategy in action | Org structure, and how you will be able to make your strategy work with your structure. |
Strategic Choice | What product you wish to use. Different operational doses. |