CstM 301 - Management & Organization strategy & strategic management
strategy & competition… competitive advantage sustainable competitive advantage strategy strategic intent
levels of strategies… corporate-level business-level functional
strategic management process… analyze formulate implement
analysis of mission & stakeholders… employees communities suppliers customers shareholders
analysis of core values…
analysis of objectives… profitability financial health cost efficiency customer service product quality market share human talent innovation social responsibility
swot analysis…
five forces analysis… rivalry among competing firms threat of new entrants bargaining power of buyers substitute products or services bargaining power of suppliers
do either of these look familiar? five forces (cont’d)… attractive industry unattractive industry few competitors many competitors high barriers to entry low barriers to entry few substitute products many substitute products low power of suppliers high power of suppliers low power of customers high power of customers do either of these look familiar?
formulation & planning… risky venture - star or divested ? rapid growth & expansion ensure cashflow or liquidate milk to finance stars or ?
corporate level strategies… growth strategy concentration diversification vertical integration
corporate level strategies… restructuring strategy chapter 11 bankruptcy liquidation downsizing divestiture turnaround
corporate level strategies… cooperative strategy strategic alliance co-opetition similar to joint ventures
business level strategies… competitive strategy differentiation cost leadership focused differentiation focused cost leadership
strategy implementation… management is key even the best laid plans of mice & men often go astray… resultant failure of strategy failure of substance failure of process lack of participation error goal displacement strategic control
strategic leadership… responsibilities guardian of trade-offs create a sense of urgency ensure understanding teach