100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary of strategic management slides (result achieved 16:20) $6.76   Add to cart

Summary

Summary of strategic management slides (result achieved 16:20)

 64 views  3 purchases
  • Course
  • Institution

Summary of the strategic management course slides

Preview 4 out of 57  pages

  • September 30, 2023
  • 57
  • 2022/2023
  • Summary
avatar-seller
Samenvatting strategic management

Concepts and schools of thought
The Concept of Strategy: 4 BIG ISSUES

1. Concepts and evolution of strategic “schools of thought” WHAT?
2. Boundaries of the firm: WHERE?
• Horizontal: size of the company (producing how much?)
• Vertical: what will we produce? Ourselves (“make or buy”)?
• Corporate (company as a whole): on which market(s) do we want to be?
3. Competition: WHO and HOW?
• Type of market business is operating in: WHO?
• E.g. airplane industry versus consumer products (e.g. Boeing versus
unilever)
• Kind of interaction of rivals: HOW?
4. Positioning and dynamics: WHY?
• Where do we want to be? low cost, differentiation, …
• Which competitive advantage do we want to have? Do we have the resources
and capabilities for that?

What is Strategy?

• Distinguishing strategy from tactics:
• Strategy is the overall design and philosophy to plan for deploying resources
to establish a favorable position / reach success
• Tactic is a scheme for a specific maneuver
• Characteristics of strategic decisions:
• Important
• Involve a significant commitment of resources
• Not easily reversible

The Role of Analysis

• Strategy analysis improves/supports decision processes, but doesn’t give answers
• Strategy analysis assists us to identify and understand the main challenges of
organisations/businesses
• Strategy analysis helps us to manage complexity
• Strategy analysis can enhance flexibility and innovation by supporting learning

,Strategy Making Processes within the Company: Multiple Roles of Strategy




What Makes a Successful Strategy?

,The Basic Framework Strategy: the Link between the Firm and its Environment




Sources of Superior Profitability




Components of “Success”

, The Evolution of Strategic Management




Strategy Making : Design or Process?




Strategy Safari

“AND OVER HERE, LADIES AND GENTLEMEN: THE STRATEGIC MANAGEMENT BEAST”

➢ Ancient Sufi tale – the blind man & the elephant
➢ Analogy of the blind men trying to describe an elephant
➢ Ten schools – groupings: framework that can be used to categorize the field of
Strategic Management.

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 stijndamoiseaux. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $6.76. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75323 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
$6.76  3x  sold
  • (0)
  Add to cart