This website uses cookies to ensure you have the best experience. Learn more

Strategic Management Essay

1180 words - 5 pages

1. What is strategy? What isn’t strategy?
According to word of play text strategies are choices (bundle of choices)

2. List several ineffective ways to approach strategy.

3. Should winning be at the heart of any strategy?
Yes. If you don't play to win, don't play at all. Satan didn't play to win it played to have a holding position in the environment net effect- it disappeared.

4. What are the 5 choices of strategy?
What do you play, how do you play, what are your capabilities, how do you measure?

5. What is the nested choice cascade?
You ask these at the senior level but they cascade down
Corporate level, business level, functional level strategies

6. Describe the ...view middle of the document...

The strategies we start with aren’t always the ones that stay.

13. Know how to interpret an options matrix.
Given weighted values or rankings based on scoring of different criterion across options. Or fill in the blanks

14. Understand reverse-engineering of strategic options.

15. Be able to illustrate and understand – What is a winning aspiration, Where to play, What capabilities must be in place.
Eg- briefly summarizes the 5 questions for this case.
Coke and Pepsi- (see recording for questions)

16. What is the purpose of an environmental analysis?
To understand the opportunities in the market place, to discover an occupied space, to take and look at political, economic socio culture and technological strengths to understand the landscape.

17. What are the major components of the broad environment? PEST Analysis

18. What is the difference between scanning, monitoring, forecasting and assessing the environment?
Funneling down- the process of taking something big and bringing it down to so why do we care about this.

19. What defines an industry?
Groups of organizations that compete with each other.
Definitions can sometimes be too narrow, sometimes be too broad. Eg- coke and pepsi carbonated soft drinks? But have water, coffee, so beverage industry? Do we define hotel industry with Air bnb?

20. What determines the attractiveness of an industry?
Drugs vs Airline industry- it's the nature of the industries- deeper conversation about 5 forces. Monopolistic industries are not profitable than competitive industry. The industry is a lot more attractive and viable in terms of future opportunities of cash flow.

21. Can an organization be profitable in an unattractive industry? Why or why not?
Yes, Southwest does well when other airlines are going bankrupt.

22. What is the purpose of analyzing an industry structure?

23. What are the differences between a monopoly, oligopoly, duopoly, and perfect competition? Chart
Its about differentiation, information availability etc

24. What are the various aspects of a Porter five forces analysis?

25. When does each of the five forces have power? Know when buyers, suppliers, new entrants, and substitutes are powerful.

26. What is coopetition?

27. In game theory what are substitutors and complementors?
In 5 forces- substitutes are outside of the industry. (Indirect competitors) Beer for pepsi or water for pepsi
In game theory anything that's an alternative is a substitute (direct competitors) Coke for pepsi
Game theory wants to have a broader definition, it wants to create collaboration instead of competition.

28. What does the value net allow you to do? What are the elements of the game?
Value net is the notion of complementors and substuitutors, it talks about elements and...

Other assignments on Strategic Management

Strategic Management Essay

283 words - 2 pages TMA 1 BMG 303/05 BMG 303/05 Strategic Management Semester January 2016 Tutor-marked Assignment 1 (TMA 1 – 25%) Instructions: 1. TMA 1 covers the topic in Unit 1 and Unit 2. 2. Answer all questions in Part A and Part B. 3. TMA 1 carries 100 marks which is equivalent to 25% of your final total marks 4. The deadline for the submission of TMA 1 is at 2400 hours, 4th March, 2016.You are required to submit your TMA via Online Assignment

Strategic Management Essay

527 words - 3 pages Interamericana University of Puerto Rico, Metropolitan Campus School of Economics and Administrative Sciences BADM6500 Strategic Management Pick one business leader in your community and evaluate his performance against the leadership characteristics discussed in this unit. 1. Do you consider him/her a good strategic leader? 2. Why? To be honest I don’t know a business leader in my community to evaluate his/her performance. The

Strategic Management

2195 words - 9 pages “Consultant Report On United Breweries Limited ” Student Name: Gangadharan Renganathan Student Id Course Subject : 1229047 : Master of Business Administration : Strategic Management Submitted To: William Naylor Table of Contents Introduction: ........................................................................................................................ 3 Objectives

Strategic Management - 2100 words

2100 words - 9 pages rate payment (charitable organizations) Services without payment (charitable organisations) Strategic groups A strategic group consists of companies in a market, which display a homogeneous strategic behavior, i.e. they are similar in terms of certain strategic dimensions. 4. Open Source Industrial evolution model Who benefits from innovation? Pioneer Technology leadership Discriminatory appropriation of scarce resources Specific restrictions

Strategic Management And Strategic Competitiveness

1942 words - 8 pages Assignment 1: Strategic Management and Strategic Competitiveness Student’s name: Professor’s name: Course title: BUS 499 (Business Admin and Capstone) Date: Introduction When we talk about the largest coffeehouse company, the first thing that comes to your mind is Starbucks. Starbucks Corporation was launched in 1971, it corporation is based in Seattle, Washington and has more than 16,000 outlets all over the world. Starbucks always

Comprehensive Strategic Management Overview

373 words - 2 pages Overview of Strategic Management A Comprehensive Strategic-Management Model Strategy Evaluation Strategy Evaluation Strategy Implementation Strategy Implementation Strategy Formulation Strategy Formulation Measure and Evaluate Performance Measure and Evaluate Performance Implement Strategies – Marketing, Finance, Accounting, R&D and MIS Issues Implement Strategies – Marketing, Finance, Accounting, R&D and MIS Issues Generate

Strategic Management Quiz

1751 words - 8 pages Strategic Management (BUSM 3200) – Oct 2013 Exam Questions Review – Key Points and References (Part A) (Prepared by Geoffrey da Silva) ------------------------------------------------- Note: this set of notes is provided as guidelines as to how you should go about to prepare YOUR OWN set of study notes for exam revision. Remember these are just GUIDELINES or short bullet points advising you what could be the approach to answering the

Strategic Capital Management,  Llc

518 words - 3 pages HBS Case 9‐202‐024  Strategic Capital Management, LLC    Instruction for the Case Report  The case report carries 10 marks and should follow the structure suggested below.  It  should have at most 6 pages including the cover page, and should be printed with line space  1.5 lines and font size 12.  The cover page should contain the name of the group, student  name and ID number.  There is one mark for the clarity of the writing.  Note that

Tapal Strategic Management

4484 words - 18 pages Strategic Marketing & Planning Tapal Tea Private Limited Submitted to Sir Ekhlaque Ahmed Submitted By: Hafiz Sheikh Misbah Ur Rehman - 9363 Mohammad Ali Sheikh - 9229 Saad Ashfaq – 9011 Date: Aug21st, 2010 Acknowledgment We would like to acknowledge a number of people for their support and assistance during our report. Firstly we would like to acknowledge our Course Facilitator Sir Ekhlaque Ahmed for

Strategic Management Of Allied Bank

3711 words - 15 pages limitations. The project of strategic business management was a very strange experiment of having close look at the strategic planning and its implementation. This project made us to have a reviewed knowledge plus knowing the industry. This project is done on ALLIED BANK OF PAKISTAN. First of all the interviews were conducted during the visit at ALLIED BANK, the relevant data was gathered except some current data which was not provided

Strategic Resource Management In Global Environments

2333 words - 10 pages Strategic Resource Management in Global Environments General Electric, or GE, is one of the most innovative companies in the world and leading U.S. manufacturing company that primarily specializes in the Engineering Industry. GE can trace their lineage back to when they were founded in 1892 with Thomas Edison as one of their four founders. In 1896, General Electric was one of the original 12 companies listed on the then newly formed Dow

Similar Documents

Strategic Management Essay 400 Words

400 words - 2 pages Ashley Johnson Strategic Management 05/09/2013 Key Concepts For Strategic Management Strategic Management is the process in which an organization develops and implements plans that espouse the goals and objectives of that organization. The process of strategic management is a continous one that changes as the organizatinal goals and objectives evolve. Several key concepts characterize strategic management and the development of

Strategic Management Essay 441 Words

441 words - 2 pages Strategic Management Process Paper – Week 1 REDACTED MGT-498 REDACTED September 24, 2012 Strategic Management Process Paper Following a strategic management model, Environmental Scanning; Strategy Formulation; Strategy Implementation; & Evaluation and Control are the four basic steps that should be followed to ensure successful outcomes (Wheelen & Hunger, 2010). This is a more defined methodology than what I was trained to use at

Strategic Management Essay 6907 Words

6907 words - 28 pages 1.0 Strategic Management Process It is a process that describes the responsibilities a particular firm undertakes in order to attain strategic competitiveness over other companies and acquire more than the expected average return. (Ireland, Hoskisson and Hitt, 2010) Figure 2.1.1 The External Environment Strategic Entrepreneurship Strategic Leadership Organizational Structure and Controls Corporate Governance Cooperate Strategy

Strategic Management Essay 1595 Words

1595 words - 7 pages Chapter 1: The Nature of Strategic Management: We can define Strategic Management as the art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives. Strategic Management focuses on integrating management, marketing, finance/accounting, production/operation, research and development (R&D) and computer information systems to achieve organizational success. Strategic