SlideShare a Scribd company logo
1 of 4
Tugas 2
          IS Strategic Planning - M7233



              RESUME CHAPTER 2
An Overview of Business Strategy Concepts
    and the IS/IT Strategy Implications

                       Oleh:
                  ABDURRASYID
                    1112200642
                  Kelas : 04 MBM




          UNIVERSITAS BINA NUSANTARA
     MANAJEMEN SISTEM INFORMASI JENJANG S2
                    JAKARTA
                      2012
IS Strategic Planning - M7233




THE EVOLVING NATURE OF STRATEGY AND STRATEGIC PLANNING IN
ORGANIZATIONS




Strategy versus Planning
        Strategy making process should be: capturing what the manager learns from all sources
(both the soft insights from his or her personal experiences and the experiences of others
throughout the organisation and the hard data from market research and the like) and then
synthesising that learning into a vision of the direction that the business should pursue.
        Hamel7 asserts that planning is about programming not discovering, that strategy making
must be democratic and is not the sole preserve of senior managers. you ‘cannot see the end from
the beginning’, a situation that is similar when embarking on developing an IS/IT strategy.
        Strategy can therefore be defined as: an integrated set of actions aimed at increasing the
long-term well-being and strength of the enterprise relative to competitors.
There are essentially three interrelated processes that can contribute to the establishment of such a
strategy:
     1. strategic thinking—creative, entrepreneurial insight into the ways the enterprise could
        develop;
     2. strategic planning—systematic, comprehensive analysis to develop a plan of action;
     3. opportunistic decision making—effective reaction to unexpected threats and
        opportunities.

THE STRATEGIC FRAMEWORK
The framework considers the factors involved in business strategic management in three layers
   1. The external environment Ex: Economic, Social, Political, Legal, Ecological,
       Technological
   2. Pressure groups and stakeholders.
   3. Internal business strategizing and planning.




                                                                                             Page | 1
IS Strategic Planning - M7233




Pressure Groups and Stakeholders
Pressure groups are characterized by making demands of the organization. They require that the
enterprise acknowledges their existence and the effect they can have, and they expect appropriate
responses from management to satisfy their particular interest.
The stakeholders have a direct financial interest in the organization, and demand a fair share of
the wealth created.

Business Strategy Formulation and Planning Processes
        A key issue of any strategy process is to determine the scope. Should it cover the
organization as a whole, or should the organization be considered in smaller, discrete parts where
it may be more appropriate and easier to develop coherent strategies and plans? These
organizational components are often called ‘strategic business units’ (SBUs).
        business unit can be defined as: a unit that sells a distinct set of products or services,
serves a specific set of customers and competes with a well-defined set of competitors. A key
element in any business planning process is to set business or organization objectives. Objectives
values are often expressed in terms of the ‘mission’ of the organization, which is usually a
statement of its long-term aims and purpose.
Situation Analysis consists of two essential elements, called SWOT
     1. concerns the current strategy and an understanding of the enterprise’s strengths and
        weaknesses.
     2. analysis of the competitive environment so that the enterprise can quite clearly identify
        its position in the marketplace and possible future strategic options.

    evident that such frameworks are not widely used, perhaps due to the high degree of
formality implied in this approach. It need not be bureaucratic or prescriptive, but each of the
elements should be addressed.

STRATEGY IMPLEMENTATION

Two models of strategic management
   1. strategy formation.
   2. strategy formulation.




                                                                                           Page | 2
IS Strategic Planning - M7233




STRATEGY TOOLS AND TECHNIQUES
Portfolio and Planning Matrices, Ex: The Boston Matrix (or Boston Square)

The Boston Matrix emphasizes a few key issues in strategy:
   1. The need to manage products according to market opportunities and pressures, not
       internal factors.
   2. The need to reinvest net cash inflows into future products to ensure continuing sources of
       revenue.
   3. The need to have a complete and balanced portfolio if the business is to thrive in the long
       term.

Competitive Forces and Competitive Strategies




A RESOURCE-BASED VIEW OF STRATEGY
Competencies and Competitive Advantage
three paths to market leadership based on Treacy and Wiersma suggestion
    1. Operational (or Process) Excellence
    2. Customer Intimacy
    3. Product Leadership




                                                                                          Page | 3

More Related Content

What's hot

SM Project Guidelines - Part Two
SM Project Guidelines - Part TwoSM Project Guidelines - Part Two
SM Project Guidelines - Part Two
StratMgt Advisor
 
SM Exam Revision (Oct 2013)
SM Exam Revision (Oct 2013)SM Exam Revision (Oct 2013)
SM Exam Revision (Oct 2013)
StratMgt Advisor
 
SM Lecture Four : Strategic Purpose, Culture and Strategy
SM Lecture Four : Strategic Purpose, Culture and StrategySM Lecture Four : Strategic Purpose, Culture and Strategy
SM Lecture Four : Strategic Purpose, Culture and Strategy
StratMgt Advisor
 
SM Lecture Eleven - Leadership and Strategic Change
SM Lecture Eleven - Leadership and Strategic ChangeSM Lecture Eleven - Leadership and Strategic Change
SM Lecture Eleven - Leadership and Strategic Change
StratMgt Advisor
 
Goins Effective Marketing Plan
Goins Effective Marketing PlanGoins Effective Marketing Plan
Goins Effective Marketing Plan
Kelly Goins, MBA
 
Competitor analysis
Competitor analysisCompetitor analysis
Competitor analysis
nehann
 
Smm spring 2010
Smm spring 2010Smm spring 2010
Smm spring 2010
Himad Khan
 

What's hot (20)

SM Project Guidelines - Part Two
SM Project Guidelines - Part TwoSM Project Guidelines - Part Two
SM Project Guidelines - Part Two
 
strategic choice in Strategic management
 strategic choice in Strategic management strategic choice in Strategic management
strategic choice in Strategic management
 
SM Exam Revision (Oct 2013)
SM Exam Revision (Oct 2013)SM Exam Revision (Oct 2013)
SM Exam Revision (Oct 2013)
 
MBA Assignment Sample
MBA Assignment SampleMBA Assignment Sample
MBA Assignment Sample
 
SM Lecture Four : Strategic Purpose, Culture and Strategy
SM Lecture Four : Strategic Purpose, Culture and StrategySM Lecture Four : Strategic Purpose, Culture and Strategy
SM Lecture Four : Strategic Purpose, Culture and Strategy
 
Budget Management and Organizational Effectiveness in Nigeria
Budget Management and Organizational Effectiveness in NigeriaBudget Management and Organizational Effectiveness in Nigeria
Budget Management and Organizational Effectiveness in Nigeria
 
SM Lecture Eleven - Leadership and Strategic Change
SM Lecture Eleven - Leadership and Strategic ChangeSM Lecture Eleven - Leadership and Strategic Change
SM Lecture Eleven - Leadership and Strategic Change
 
Strategic Planning Marketing Strategy
Strategic Planning Marketing StrategyStrategic Planning Marketing Strategy
Strategic Planning Marketing Strategy
 
The Relationship between Performance Measurement Systems and Corporate Strate...
The Relationship between Performance Measurement Systems and Corporate Strate...The Relationship between Performance Measurement Systems and Corporate Strate...
The Relationship between Performance Measurement Systems and Corporate Strate...
 
Making Strategy Explicit
Making Strategy Explicit Making Strategy Explicit
Making Strategy Explicit
 
Strategic management module 2
Strategic management module 2Strategic management module 2
Strategic management module 2
 
Strategic management notes
Strategic management notesStrategic management notes
Strategic management notes
 
Chapter 5; Chosen Competitive Strategies Startegic managnment assignment
Chapter 5; Chosen Competitive Strategies Startegic managnment assignmentChapter 5; Chosen Competitive Strategies Startegic managnment assignment
Chapter 5; Chosen Competitive Strategies Startegic managnment assignment
 
Goins Effective Marketing Plan
Goins Effective Marketing PlanGoins Effective Marketing Plan
Goins Effective Marketing Plan
 
Competitor analysis
Competitor analysisCompetitor analysis
Competitor analysis
 
Quick silver funding brian brinson - the role of finance in the strategic-pl...
Quick silver funding brian brinson  - the role of finance in the strategic-pl...Quick silver funding brian brinson  - the role of finance in the strategic-pl...
Quick silver funding brian brinson - the role of finance in the strategic-pl...
 
Strategic Planning as an Important Factor in Business Management
Strategic Planning as an Important Factor in Business ManagementStrategic Planning as an Important Factor in Business Management
Strategic Planning as an Important Factor in Business Management
 
Concepts of strategic marketing
Concepts of strategic marketingConcepts of strategic marketing
Concepts of strategic marketing
 
Keith turner quick silver funding solutions - the role of finance in the str...
Keith turner quick silver funding solutions -  the role of finance in the str...Keith turner quick silver funding solutions -  the role of finance in the str...
Keith turner quick silver funding solutions - the role of finance in the str...
 
Smm spring 2010
Smm spring 2010Smm spring 2010
Smm spring 2010
 

Similar to M7233 is strategic planning summary chapter 2 rasyid

M7233 is strategic planning summary chapter 1 rasyid
M7233   is strategic planning summary chapter 1 rasyidM7233   is strategic planning summary chapter 1 rasyid
M7233 is strategic planning summary chapter 1 rasyid
Abdur Rasyid
 
Notes for mba (strategic management) unit i
Notes for mba (strategic management) unit iNotes for mba (strategic management) unit i
Notes for mba (strategic management) unit i
snselvaraj
 
Key TermsChapter Outline2-1The Strategic Managment
Key TermsChapter Outline2-1The Strategic  ManagmentKey TermsChapter Outline2-1The Strategic  Managment
Key TermsChapter Outline2-1The Strategic Managment
TatianaMajor22
 
Strategic Management (Lecture 1 45)
Strategic Management (Lecture 1  45)Strategic Management (Lecture 1  45)
Strategic Management (Lecture 1 45)
junaid khan
 
Strategic management full notes
Strategic management full notesStrategic management full notes
Strategic management full notes
Kiruthika Ruthi
 
Chapter 1 conceptual framework for strategic management (2)
Chapter 1 conceptual framework for strategic management (2)Chapter 1 conceptual framework for strategic management (2)
Chapter 1 conceptual framework for strategic management (2)
LAXMI VIDYAPEETH
 
Chapter 1 conceptual framework for strategic management (2)
Chapter 1 conceptual framework for strategic management (2)Chapter 1 conceptual framework for strategic management (2)
Chapter 1 conceptual framework for strategic management (2)
SAMIN-SAM
 

Similar to M7233 is strategic planning summary chapter 2 rasyid (20)

M7233 is strategic planning summary chapter 1 rasyid
M7233   is strategic planning summary chapter 1 rasyidM7233   is strategic planning summary chapter 1 rasyid
M7233 is strategic planning summary chapter 1 rasyid
 
ICP.000523.pdf
ICP.000523.pdfICP.000523.pdf
ICP.000523.pdf
 
Notes for mba (strategic management) unit i
Notes for mba (strategic management) unit iNotes for mba (strategic management) unit i
Notes for mba (strategic management) unit i
 
Strategic Management Previous Year Question Paper.pdf
Strategic Management Previous Year Question Paper.pdfStrategic Management Previous Year Question Paper.pdf
Strategic Management Previous Year Question Paper.pdf
 
Key TermsChapter Outline2-1The Strategic Managment
Key TermsChapter Outline2-1The Strategic  ManagmentKey TermsChapter Outline2-1The Strategic  Managment
Key TermsChapter Outline2-1The Strategic Managment
 
2nd mba Strategic Management
2nd mba Strategic Management2nd mba Strategic Management
2nd mba Strategic Management
 
Assignment- SM
Assignment- SMAssignment- SM
Assignment- SM
 
Business policy n strategic analysis www.it-workss.com
Business policy n strategic analysis   www.it-workss.comBusiness policy n strategic analysis   www.it-workss.com
Business policy n strategic analysis www.it-workss.com
 
27. Nature Of Strategic Management
27. Nature Of Strategic Management27. Nature Of Strategic Management
27. Nature Of Strategic Management
 
STM all material
STM all material STM all material
STM all material
 
Strategic Management (Lecture 1 45)
Strategic Management (Lecture 1  45)Strategic Management (Lecture 1  45)
Strategic Management (Lecture 1 45)
 
Strategic management full notes
Strategic management full notesStrategic management full notes
Strategic management full notes
 
McKinsey 7s model.pdf
McKinsey 7s model.pdfMcKinsey 7s model.pdf
McKinsey 7s model.pdf
 
Strategic Planning
Strategic  PlanningStrategic  Planning
Strategic Planning
 
Chap02.ppt
Chap02.pptChap02.ppt
Chap02.ppt
 
Strat mgmt
Strat mgmtStrat mgmt
Strat mgmt
 
Stratergic Managment - Second Semester - exm_44568 Dr Vidya Sagar NIBM Glo...
Stratergic Managment  - Second Semester - exm_44568  Dr Vidya Sagar  NIBM Glo...Stratergic Managment  - Second Semester - exm_44568  Dr Vidya Sagar  NIBM Glo...
Stratergic Managment - Second Semester - exm_44568 Dr Vidya Sagar NIBM Glo...
 
Chapter 1 conceptual framework for strategic management (2)
Chapter 1 conceptual framework for strategic management (2)Chapter 1 conceptual framework for strategic management (2)
Chapter 1 conceptual framework for strategic management (2)
 
Chapter 1 conceptual framework for strategic management (2)
Chapter 1 conceptual framework for strategic management (2)Chapter 1 conceptual framework for strategic management (2)
Chapter 1 conceptual framework for strategic management (2)
 
Strategic managent
Strategic managentStrategic managent
Strategic managent
 

Recently uploaded

1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
QucHHunhnh
 
Seal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptxSeal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptx
negromaestrong
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
heathfieldcps1
 
Spellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please PractiseSpellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please Practise
AnaAcapella
 

Recently uploaded (20)

ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptx
 
Spatium Project Simulation student brief
Spatium Project Simulation student briefSpatium Project Simulation student brief
Spatium Project Simulation student brief
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
 
ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
Understanding Accommodations and Modifications
Understanding  Accommodations and ModificationsUnderstanding  Accommodations and Modifications
Understanding Accommodations and Modifications
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17  How to Extend Models Using Mixin ClassesMixin Classes in Odoo 17  How to Extend Models Using Mixin Classes
Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
 
Seal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptxSeal of Good Local Governance (SGLG) 2024Final.pptx
Seal of Good Local Governance (SGLG) 2024Final.pptx
 
How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POS
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptxSKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
 
Micro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfMicro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdf
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
 
Spellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please PractiseSpellings Wk 3 English CAPS CARES Please Practise
Spellings Wk 3 English CAPS CARES Please Practise
 

M7233 is strategic planning summary chapter 2 rasyid

  • 1. Tugas 2 IS Strategic Planning - M7233 RESUME CHAPTER 2 An Overview of Business Strategy Concepts and the IS/IT Strategy Implications Oleh: ABDURRASYID 1112200642 Kelas : 04 MBM UNIVERSITAS BINA NUSANTARA MANAJEMEN SISTEM INFORMASI JENJANG S2 JAKARTA 2012
  • 2. IS Strategic Planning - M7233 THE EVOLVING NATURE OF STRATEGY AND STRATEGIC PLANNING IN ORGANIZATIONS Strategy versus Planning Strategy making process should be: capturing what the manager learns from all sources (both the soft insights from his or her personal experiences and the experiences of others throughout the organisation and the hard data from market research and the like) and then synthesising that learning into a vision of the direction that the business should pursue. Hamel7 asserts that planning is about programming not discovering, that strategy making must be democratic and is not the sole preserve of senior managers. you ‘cannot see the end from the beginning’, a situation that is similar when embarking on developing an IS/IT strategy. Strategy can therefore be defined as: an integrated set of actions aimed at increasing the long-term well-being and strength of the enterprise relative to competitors. There are essentially three interrelated processes that can contribute to the establishment of such a strategy: 1. strategic thinking—creative, entrepreneurial insight into the ways the enterprise could develop; 2. strategic planning—systematic, comprehensive analysis to develop a plan of action; 3. opportunistic decision making—effective reaction to unexpected threats and opportunities. THE STRATEGIC FRAMEWORK The framework considers the factors involved in business strategic management in three layers 1. The external environment Ex: Economic, Social, Political, Legal, Ecological, Technological 2. Pressure groups and stakeholders. 3. Internal business strategizing and planning. Page | 1
  • 3. IS Strategic Planning - M7233 Pressure Groups and Stakeholders Pressure groups are characterized by making demands of the organization. They require that the enterprise acknowledges their existence and the effect they can have, and they expect appropriate responses from management to satisfy their particular interest. The stakeholders have a direct financial interest in the organization, and demand a fair share of the wealth created. Business Strategy Formulation and Planning Processes A key issue of any strategy process is to determine the scope. Should it cover the organization as a whole, or should the organization be considered in smaller, discrete parts where it may be more appropriate and easier to develop coherent strategies and plans? These organizational components are often called ‘strategic business units’ (SBUs). business unit can be defined as: a unit that sells a distinct set of products or services, serves a specific set of customers and competes with a well-defined set of competitors. A key element in any business planning process is to set business or organization objectives. Objectives values are often expressed in terms of the ‘mission’ of the organization, which is usually a statement of its long-term aims and purpose. Situation Analysis consists of two essential elements, called SWOT 1. concerns the current strategy and an understanding of the enterprise’s strengths and weaknesses. 2. analysis of the competitive environment so that the enterprise can quite clearly identify its position in the marketplace and possible future strategic options. evident that such frameworks are not widely used, perhaps due to the high degree of formality implied in this approach. It need not be bureaucratic or prescriptive, but each of the elements should be addressed. STRATEGY IMPLEMENTATION Two models of strategic management 1. strategy formation. 2. strategy formulation. Page | 2
  • 4. IS Strategic Planning - M7233 STRATEGY TOOLS AND TECHNIQUES Portfolio and Planning Matrices, Ex: The Boston Matrix (or Boston Square) The Boston Matrix emphasizes a few key issues in strategy: 1. The need to manage products according to market opportunities and pressures, not internal factors. 2. The need to reinvest net cash inflows into future products to ensure continuing sources of revenue. 3. The need to have a complete and balanced portfolio if the business is to thrive in the long term. Competitive Forces and Competitive Strategies A RESOURCE-BASED VIEW OF STRATEGY Competencies and Competitive Advantage three paths to market leadership based on Treacy and Wiersma suggestion 1. Operational (or Process) Excellence 2. Customer Intimacy 3. Product Leadership Page | 3