100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary of Strategy: An International Perspective, 5th Edition (chapters 7 to 12) $3.75   Add to cart

Summary

Summary of Strategy: An International Perspective, 5th Edition (chapters 7 to 12)

5 reviews
 291 views  11 purchases
  • Course
  • Institution
  • Book

Summary of corresponding chapters for the lectures and final exam. Strategy: An International Perspective, 5th Edition, Bob de Wit & Ron Meyer.

Preview 3 out of 18  pages

  • No
  • Chapter 7-12
  • April 28, 2017
  • 18
  • 2016/2017
  • Summary

5  reviews

review-writer-avatar

By: josephinesisouw • 7 year ago

review-writer-avatar

By: borsnamgerd • 7 year ago

review-writer-avatar

By: maudvanmerrinboer • 7 year ago

review-writer-avatar

By: jollevankerkum • 7 year ago

reply-writer-avatar

By: rvanstel • 7 year ago

Translated by Google

Thanks!

review-writer-avatar

By: pleunsaus • 7 year ago

reply-writer-avatar

By: rvanstel • 7 year ago

Translated by Google

Thanks!

avatar-seller
Summary International Strategy & Leadership

Chapter 7 – Strategy Formation

The main question is how a successful course of action be realized in practice. In order to answer
this question, we first need to know what type of activities are involved with strategy formation
(what) and who executes each type of activity (who).

Strategic issue activities




Roles in the strategy formation process

The roles in the strategy formation process are dependent of the following variables:

- Top vs. middle vs. bottom roles.
- Line vs. staff roles.
- Internal vs. external roles.

Paradox: Deliberateness vs. Emergence

Companies have a demand for deliberate strategy in order to achieve:

- Direction
- Commitment
- Coordination
- Optimization
- Programming

In the case of deliberateness, there are risks and there is insecurity. Although a company can
calculate the risks they take with deliberate strategy, there are always insecurities for which one
cannot prepare.

1

,Companies also have a demand for emergence in strategy, in order to obtain:

- Opportunism
- Flexibility
- Learning
- Entrepreneurship
- Support

In the case of emergent strategy, there is a risk that a company divides its resources too much in
order to be present in many sectors

In academic literature, the concepts of deliberateness and emergence are reflected in two strategies,
namely in the strategic planning perspective and the strategic incrementalism perspective.




Managing the paradox

1. Balancing: opposing demands are traded off to find the most appropriate balance.
2. Juxtaposing: managing opposites or different blends simultaneously, often between
business units.




2

, Chapter 8 – Strategy Change

The question is not whether firms should change, but in what direction. Not all change is strategic.
Most is operational, which is meant to maintain efficiency in everyday tasks.

The issue of strategic alignment

There is an always ongoing renewal process, for example when a firm undergoes a strategic drift or
when the environment changes, a strategic misfit is created and the need for strategic renewal
comes up.




Areas of strategic alignment

- Business model
- Organizational system

The organizational system consists of three parts:

1. Organizational structure (formal hierarchy)
Structuring criteria:
- output based
- throughput based
- input based

2. Organizational processes (how it really plays out)
3. Organizational culture (customs within the firm)




3

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller rvanstel. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $3.75. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$3.75  11x  sold
  • (5)
  Add to cart