Strategic Management Essay

2303 words - 10 pages

The Management of Strategy: Concepts and Cases 9e
Part I: Strategic Management Inputs Chapter 1: Strategic Management and Strategic Competitiveness

©2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Chapter 1: Strategic Management and Strategic Competitiveness
• Overview: Eight content areas
– – – – – – – – Nature of Competition The Competitive Landscape I/O Model of Above-Average Returns (AAR) Resource-Based Model of AAR Vision and Mission Stakeholders Strategic Leaders The Strategic Management Process

©2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or ...view middle of the document...

Nature of Competition: Basic concepts (Cont’d)
• Risk
– Investor’s uncertainty about economic gains/losses resulting from a particular investment

• Average Returns
– Returns equal to what investor expects in comparison to other investments with similar risk

• Strategic Management Process (SMP)
– Full set of commitments, decisions and actions required for a firm to achieve strategic competitiveness and earn above average returns

©2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

The Strategic Management Process

©2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Chapter 1: Strategic Management and Strategic Competitiveness
• Overview: Eight content areas
– – – – – – – – Nature of Competition The Competitive Landscape I/O Model of Above-Average Returns (AAR) Resource-Based Model of AAR Strategic Vision and Mission Stakeholders Strategic Leaders The Strategic Management Process

©2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

The Competitive Landscape
• Introduction: The Competitive Landscape (CL)
– Pace of change is rapid – Industry boundaries are blurring – Financial capital is more scarce and markets are increasingly volatile – Other CL characteristics: Economies of scale, advertising budgets not as effective as before, change in managerial mind-set from “traditional” to more flexible and innovative

©2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

The Competitive Landscape (Cont’d)
• Introduction: The Competitive Landscape (CL)
– Hypercompetition – extremely intense rivalry among competing firms, characterized by
• Escalating & increasingly aggressive competitive moves • Assumptions of market stability replaced with notion of INstability and change

– Two primary drivers of the competitive landscape:
• The global economy • Technology

©2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

The Competitive Landscape (Cont’d)
• The Global Economy
– Goods, services, people, skills and ideas move freely across geographic borders – Europe, through the European Union (EU) is the world’s largest single market
• EU vs U.S. GDP: 35% higher

– Emerging major competitive forces: China & India – In summary: globalization increased economic interdependence among countries as reflected in the flow of goods and services, financial capital, and knowledge across country borders

©2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible...

Other Essays Like Strategic Management

Strategic Management Essay

3275 words - 14 pages Semester III UNIT – I STRATEGY AND PROCESS |Conceptual Framework for Strategic Management – Concept of Strategy and Strategy Formation Process – Stakeholders in Business – Vision, | |Mission and Purpose – Business Definition – Objectives and Goals – Corporate Governance – Social Responsibility | CONCEPTUAL FRAMEWORK FOR STRATEGIC MANAGEMENT Strategic management deals with decision making and actions which

Strategic Management Essay

2711 words - 11 pages 1 INTRODUCTION Strategic management as a form of study has vastly improved over recent years, this is mainly due to the dynamic environments that organisations have to cope with in order to effectively distribute and sell their products and services in. With these markets forever changing and evolving the managers of the organisations must constantly be forecasting and predicting what the markets might be doing in the future through past and

Strategic Management

2265 words - 10 pages should management take? e. If no changes are made, where will the organization be in 10 years? 2D Which of the following is NOT a characteristic of strategic decisions as mentioned in the text? a. directive b. consequential c. rare d. continuous 3A Strategic planning within a small organization a. may be informal and irregular. b. must be elaborate

Strategic Management - 2918 words

2918 words - 12 pages GLOBALIZATION AND ITS IMPACTS ON STRATEGIC MANAGEMENT TABLE OF CONNTENT 1. Introduction………………………………………………………………p.1 2. Defining Globalization and Strategic Management……………………p.1 3. The impacts of Globalization on organization (e.g Nestlé)……………p.2 4. Strategic Management take full advantage of Globalization………….p.7 5. Strategic Management

Strategic Management - 4678 words

4678 words - 19 pages KENYATTA UNIVERSITY, SCHOOL OF BUSINESS, DEPARTMENT OF BUSINESS ADMINISTRATION MBA: STRATEGIC MANAGEMENT Company Mission, Social Responsibilities and Ethics External Environment Internal Environment Strategic Analysis and Choice Possible? Desired? Long Term Objectives Generic & Grand Strategies Short Term Objectives Functional Tactics Policies Organizational Structure, Leadership and Culture Strategic

Strategic Management - 654 words

654 words - 3 pages Whole Foods Market 2010 BUSN620: Strategic Management American Public University May 3, 2015 Dr. XXXXXXXXX What are the Strengths and Weaknesses? One of Whole Food’s strengths is their passion for food and high standards for quality products. They guaranteed 100 percent satisfaction on all items purchased. Demand for organic food is rising at a much faster clip than the broader food industry They have a competitive advantage when it

Strategic Management - 733 words

733 words - 3 pages DUOS is done by a subcontractor, Zhonghuan Telecommunication, which is a joint venture created by Samsung in Tianjin and has produced more than 10 million units of the device. Outsourcing the production of low end models will ease the pressure on the company’s own plants, while still bringing in the sales and success that these smartphone models have done in the past. 6. Strategic alliance of Samsung Sharp and Samsung form a strategic

Strategic Management - 596 words

596 words - 3 pages list • Management CONTENTS Business Communication Business Communications (Prof Ref).................................23 Business Communications - Special Topics... • Customer Evaluation Of Application Services Provisioning In Five Vertical Sectors the ASP business model. The second taxonomy of the ASP market adopts five categories that are the ASP resellers, ASP developers, ASP aggregators, hosting • • published this

Strategic Management - 548 words

548 words - 3 pages geographies. This allowed Hitachi to be strategic about addressing significant stakeholder concerns, while staying focused on important business opportunities. 2. Aligning management under one mission: Our business- unit-level assessment generated considerable dialogue among senior executives on issues most relevant to their business units. These conversations helped better define CSR for Hitachi and highlighted opportunities to focus innovation more

Strategic Management - 1565 words

1565 words - 7 pages H2O Plus BUS 599 – Strategic Management Assignment #1 April 25, 2015 H2O Plus H2O Plus is a start-up company founded in 2015. While the company is not yet operational, the product is ready for sale. H2O Plus is planning on entering the non-alcoholic beverage market in the near future, and wishes to offer a healthier beverage alternative to our consumers. Our company name (H20 Plus) signifies that our product does not contain any

Strategic Management - 3128 words

3128 words - 13 pages other political and technological aspects. This model is also very risky as it rely on the prediction made according to the past and present situations and trend. Whittington – school of strategies The Whittington school of strategies is of four types, each describes the different human psychologies about their thinking and acting effectively. These four types are considered as an important tool for an organization’s strategic management

Related Papers

Strategic Management Essay 1698 Words

1698 words - 7 pages 1 STRATEGIC MANAGEMENT Exercise 1 TTA-62036 Strategic Management 2 TABLE OF CONTENTS TABLE OF CONTENTS .................................................................. 2 1. DEFINITION OF STRATEGIC MANAGEMENT .......................... 3 2. BENEFITS OF STRATEGIC MANAGEMENT ............................ 4 3. STRATEGIC MANAGEMENT IN DIFFERENT ORGANIZATIONS 6 4. MEANING OF THE TERM ”STRATEGIC MANAGEMENT” ....... 8 5. BIBLIOGRAPHY

Strategic Management Essay 1078 Words

1078 words - 5 pages 22716C Developing Strategic Management and Leadership Skills Unit code: F/602/2058 QCF Level 7: BTEC Professional Credit value: 10 Guided learning hours: 30 Unit aim This unit provides the learner with an understanding of the links between strategic management, leadership and organisational direction, and the skills to be able to apply this understanding. Unit introduction The main aim of this unit is to

Strategic Management Essay 607 Words

607 words - 3 pages Defining Strategic Management Strategic management consists of the analysis, decisions, and actions an organization undertakes in order to create and sustain competitive advantages. This definition captures two main elements that go to the heart of the field of strategic management. First, the strategic management of an organization entails three ongoing processes: analysis, decisions, and actions. That is, strategic management is concerned with

Strategic Management Essay 558 Words

558 words - 3 pages According to Thomas L.Wheelen, J.David Hunger (2008), Strategic Management Model (SMM) is composed four fundamental steps: Environment Scanning, Strategy Formulation, Strategy Implementation, and Evaluation and Control. Environment Scanning is the step of gathering and analyzing information based on SWOP analysis model. Strategy Formulation is the developing of company’s missions, objectives, strategies, and policies. Strategy Implementation is