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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.
Created by: helloworld1801
Popular Management sets




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