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Strategy Formulation and Implementation CHAPTER 8 0
Learning Objectives ,[object Object],[object Object],[object Object],[object Object],0
Learning Objectives  (contd.) ,[object Object],[object Object],[object Object],0
Strategic Management ,[object Object],[object Object],[object Object],0
Strategic Management ,[object Object],[object Object],[object Object],[object Object],[object Object],0
Grand Strategy ,[object Object],[object Object],[object Object],[object Object],[object Object],A separate grand strategy can be defined for global operations 0
Grand Strategy: Growth ,[object Object],[object Object],[object Object],0
Grand Strategy:  Stability ,[object Object],[object Object],[object Object],0
Grand Strategy:  Retrenchment ,[object Object],[object Object],[object Object],0
Global Corporate Strategies Need for National Responsiveness High Low Low High ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Need for Global Integration ,[object Object],[object Object],[object Object],[object Object],Exhibit 8.1 0
Global Strategy ,[object Object],[object Object],[object Object],0
Purpose of Strategy  ,[object Object],[object Object],[object Object],[object Object],[object Object],0
Three Levels of Strategy in Organizations 0 Exhibit 8.2 Three Levels of Strategy in Organizations
Strategic Management Process Implement Strategy via Changes in: Leadership culture, Structure, HR, Information & control systems SWOT Formulate Strategy – Corporate, Business, Functional Define new Mission Goals, Grand Strategy Identify Strategic Factors – Strengths, Weaknesses Identify Strategic Factors – Opportunities, Threats Scan Internal Environment – Core Competence, Synergy, Value Creation Evaluate Current Mission, Goals, Strategies Scan External Environment – National, Global Exhibit 8.3 0
Strategy Formulation vs. Implementation ,[object Object],[object Object],0
Checklist   for Analyzing Organizational Strengths and Weaknesses Exhibit 8.4 0
Portfolio Strategy ,[object Object],BCG Matrix Exhibit 8.5 0
Five Forces Affecting Industry Competition Source:  Based on Michael E. Porter, Competitive Strategy:  Techniques for Analyzing Industries and Competitors (New York: Free Press, 1980). ,[object Object],[object Object],[object Object],[object Object],Internet blurs differences among competitors in an industry Bargaining Power of Buyers Bargaining Power of Suppliers Threat of Substitute Products Potential New Entrants Rivalry among Competitors Exhibit 8.6 0
Competitive Edge Through Competitive Strategies ,[object Object],[object Object],[object Object],0
Continuum of Partnership Strategies Organizational Combination Strategic Alliances Preferred Supplier Arrangements Strategic Business Partnering Mergers Acquisitions Low High Joint Ventures Degree of Collaboration Degree of Collaboration Exhibit 8.8 0
Implementing Strategy Tools ,[object Object],[object Object],[object Object],[object Object],0
Tools for Putting Strategy into Action Environment Organization Strategy Performance Leadership    Persuasion    Motivation    Culture/values  ,[object Object],[object Object],[object Object],Human Resources    Recruitment/selection    Transfers/promotions    Training    Layoffs/recalls Source:  Adapted from Jay R. Galbraith and Robert K. Kazanjian, strategy Implementation:  Structure, Systems and Process, 2d ed. (St. Paul, Minn.: West, 1986), 115, Used with permission. Information and Control Systems     Pay, reward system    Budget allocations    Information systems    Rules/procedures   Exhibit 8.9 0

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Strategy Formulation and Implementation

  • 1. Strategy Formulation and Implementation CHAPTER 8 0
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  • 13. Three Levels of Strategy in Organizations 0 Exhibit 8.2 Three Levels of Strategy in Organizations
  • 14. Strategic Management Process Implement Strategy via Changes in: Leadership culture, Structure, HR, Information & control systems SWOT Formulate Strategy – Corporate, Business, Functional Define new Mission Goals, Grand Strategy Identify Strategic Factors – Strengths, Weaknesses Identify Strategic Factors – Opportunities, Threats Scan Internal Environment – Core Competence, Synergy, Value Creation Evaluate Current Mission, Goals, Strategies Scan External Environment – National, Global Exhibit 8.3 0
  • 15.
  • 16. Checklist for Analyzing Organizational Strengths and Weaknesses Exhibit 8.4 0
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  • 20. Continuum of Partnership Strategies Organizational Combination Strategic Alliances Preferred Supplier Arrangements Strategic Business Partnering Mergers Acquisitions Low High Joint Ventures Degree of Collaboration Degree of Collaboration Exhibit 8.8 0
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Editor's Notes

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