Long term objectives and strategies

Long term objectives

Profitability

Productivity

Competitive position

Employee development

Employee Relations

Technological leadership

Public responsibility

Qualities of long term objectives

Flexible

Measurable

Motivating

Suitable

Understandable

The balanced scorecard

Set of four measures directly linked to a company's strategy: financial performance, customer knowledge, internal business processes, and learning and growth.

Generic strategies

Low cost leadership

Differentiation

Focus

The value disciplines

Operational Excellence

Customer Intimacy

Product leadership

Grand strategies

Concentrated growth

Risk and rewards of concentrated growth

Conditions that favor concentrated growth

Rationale for superior performance

Market development

Concentration

Market development

Product development

Product development

Innovation

Horizontal Acquisition

Vertical Acquisition

Concentric diversification

Conglomerate diversification

Motivation for diversification

Turnaround

Cost reduction

Asset reduction

Divestiture

Liquidation

Bankruptcy

Strategic Alliances

Consortia, Keiretsu and chaebols

Selection of long-term objectives and grand strategy sets

The strategic management model seems to suggest that strategic choice decision making leads to the sequential selection of long-term objectives and grand strategies.

Sequence of objectives and strategy selection

The selection of long-range objectives and grand strategies involves simultaneous, rather than sequential decisions.

Designing a profitable business model

  1. What is your bussiness model?
  2. How do we make a profit?
  1. Customer development customer solutions profit model.
  2. Product pyramid profit model.
  3. Multicomponent system profit model.
  4. Switchboard profit model.
  5. Time profit model.
  6. Blockbuster profit model.
  7. Profit multiplier model.
  8. Enterpreneurial profit model.
  9. Specialization profit model.
  10. Installed based profit model.
  11. De facto standar profit model.