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Strategic Planning (M1: Introduction to Strategy, Planning and Structure…
Strategic Planning
M1: Introduction to Strategy, Planning and Structure
Core disciplines
Organisational behaviour
Economics
Marketing
Finance
Accounting
Project management
Three Approaches to Strategic Planning
The Planning Approach
Assumptions
Emergent Strategy
Arguments for not sitting back (being proactive)
Resource Based Strategy
Resources: Physical, Human, Financial and intellectual
Competence, core competence, distinctive capabilities, strategic capabilities
Competitive advantage
Rarity
Complexity
Causal ambiguity
Culture
Tame and wicked problems
Strategy and the scientific method
Strategic thinking
Synthesis (Identify relevant models)
Evaluation (Use prescribed models)
Elements of strategic planning
Structure
Analysis
Integration
Control
Feedback
Strategic Ideas
Divisionalisation
Diversification
Portfolio planning (products)
Restructuring
Linked portfolios
Downsizing
Mega mergers
Knowledge management
M3: Company Objectives
Arriving a vision for the company
Define the Business the company is in
Derive the Mission statement
Disaggregating the Mission (Missions of functional departments)
Setting objectives
The Gap Concept
Quantifiable and non-quantifiable objectives
Disaggregated objectives
The principal-agent problem