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What is strategy? (Core Areas of Strategy (Strategic analysis (Performance…
What is strategy?
Core Areas of Strategy
Strategic analysis
Performance
Externalities
Vision,Mission
Internal strengths
Stakeholder Drivers
Decision making
Action
Implementation
Context :explode:
Models
Emergent
Prescriptive
5 P's (Mintzberg)
Plan (Planned/Deliberate)
How
When
Who
What
Outcome
Realised
Unrealised
Position
Environment
Perspective
Viewpoint
Behaviour
Ploy
Defence!
Pattern (Emergent)
Routine
Unplanned
Emergent
Day to day
Levels
Business
Function
Corporate
Network
Dimensions of strategy
Process
How
formal meetings
informally
Implementation
Definition
Content
What decisions
When
what should be done
Context
under what conditions?
Type of business
STEEPLE
Definition
Initiatives
use of resources
Human activity
Brand
Equipment
Decisions
Actions
by managers
Planned
Unplanned
Enhance performance
Externally
Create value
Profit
Ethical
Job satisfaction
Driven by owners
Strategic Management
Manage
Implemented plans
Adapt to emergent ones
Best use of resources
Improve company performance
Quality assure
Measure