SlideShare a Scribd company logo
1 of 108
BA (HON) BUSINESS
MANAGEMENT
STRATEGIC DECISION MAKING
Code: BM622
By: Oguchi Martins Egbujor
By: Oguchi Martins Egbujor 1
Strategic Decision Making
Strategic Decision Making is a long term
corporate planning made according to the
organisational direction, and the fundamental
purpose, to achieve overall objectives
By: Oguchi Martins Egbujor 2
Introduction
Strategic Decision making is a module that
enables learners to develop practical
understanding and skills of how leaders and
senior managers make decision regarding the
strategy of their organisational direction. It
focuses on the needs of the organisation and
how to achieve its objectives.
By: Oguchi Martins Egbujor 3
Learning Outcomes
1. Analyse the external environment of an organisation and
justify critical opportunities and threats appropriate to
that organisation;
2. Analyse the strategic capability of an organisation and
justify critical strengths and weaknesses linked to
competitive advantage;
3. Develop suitable strategic choices for an organisation;
4. Evaluate strategic choices for an organisation, referring
back to previous analysis in 1 and 2.
5. Recommend and justify an appropriate strategic choice
for an organisation.
By: Oguchi Martins Egbujor 4
Factors To Be Considered
• Strategic Processes and purposes: Vision, Mission,
Strategy, Objectives, Tactics
• Developing and choosing appropriate strategy
• Business Environment
• Strategic capability/Matrix
• Competitive advantage
• Academic Framework: PESTEL, SWOT, Porter’s 5Forces,
Generic Strategy, Culture Web, Value Chain, Bowman’s
Strategic Clock, Ansof Matrix
• Evaluation of Strategic Options using SAFe Framework
• Justified recommendation of preferred strategy
By: Oguchi Martins Egbujor 5
Assignment Structure
A recommended structure for the assignment is as follows:
1. Front cover including word count,
2. Brief summary of your report (Abstract)
3. Table of contents
4. Introduction to your work, including the chosen organisation
5. Development of two strategic choices
6. Analysing business environment (internal and external)
7. Identifying and analysing strategic options using know strategic
frameworks (5Forces, Value chain, Generic strategy, Bowman’s strategic
clock, Ansoff matrix, SAFe)
8. Evaluation of strategic choices
9. Recommendation of preferred strategic choice
10. Bibliography
11. Appendices.
Strategy
Strategy is the direction and scope of an
organisation over the long term, which achieves
advantage for the organisation through its
configuration of resources within a changing
environment and to fulfil stakeholder
expectation.
(Johnson & Scholes, 2004)
By: Oguchi Martins Egbujor 7
What Is Strategy
Strategy is a plan - a somewhat deliberately and
consciously chosen course of action. This means
people make strategies in advance of the actions
to which they apply, and they develop strategies
consciously and purposefully.
(Henry Mintzberg, 1992)
By: Oguchi Martins Egbujor 8
Levels of Strategy
There are three (3) levels of organisational
strategy, namely:
• Corporate level
• Business level (SBU)
• Operations level (Implementation)
By: Oguchi Martins Egbujor 9
Business Strategy
The Strategic Framework
for strategic processes
(Johnson & Scholes)
By: Oguchi Martins Egbujor 10
Strategic
Position
Strategic
Choices
Strategy
in
action
Strategic Position Analysis
By: Oguchi Martins Egbujor 11
Strategic
Position
The
Environment
Resources
and
competences
Expectations
and
purposes
Impacts on
Organisation’s
Strategic
Position
Strategic Position Involves
To understand an organisation’s strategic position,
the following needs to be analysed
• The Environment
• The Purpose
• The Culture
• The Capacity
• Resources
• Competences
• Stakeholder Expectations
By: Oguchi Martins Egbujor 12
Strategic Choices Analysis
By: Oguchi Martins Egbujor 13
Strategic
Choices
Corporate
level
strategies
Business
level
strategies
Development
of directions
and methods
Suitable choices
to achieve the
objectives of an
organisation
Strategic Choices Involves
There are different strategies at different levels of an
organisation. The choice of strategy depends on
environmental circumstances
• The Corporate level
• The Business level
• Internal
• International
• Identifying options
• Evaluation options
• Innovation
• Selecting Strategy
By: Oguchi Martins Egbujor 14
Strategy In Action
By: Oguchi Martins Egbujor 15
Organisational
Structure and
Managing
Choices/
changes
Strategy
in
action
Planning and
allocating
resources
Strategy in Action is
to implement
choices
Strategy In Action Involves
• Planning
• Structure
• Identifying resources
• Allocating Resources
• Directions
• Methods
• Practice
• Managing change
• Organising
• Implementing solutions
By: Oguchi Martins Egbujor 16
Strategic Questions
• Where are we now?
• Where do we want to be?
• How are we going to get
there?
• What is going to stop us?
• How will we execute this
strategy?
• Existing strategic position.
• Predicting the future.
• Vision, mission and
strategy statement
• External macro and
competitive factors &
Internal forces.
• Capabilities of firm.
By: Oguchi Martins Egbujor 17
Strategy Purpose and Processes
• Mission,
• Vision and
• Objectives
• Strategy
• Tactics
• The Capability
• The Competitive Advantage
Strategic Statements
• Mission statement
• Vision Statement
• Cultural Values
• Corporate Social Responsibility
By: Oguchi Martins Egbujor 19
scope of the organisations activities
• The Product
• The Market
• The Customers
• The Location
• The Delivery
By: Oguchi Martins Egbujor 20
Strategic Statements
Mission Statement
• Aims to provide employees
and stakeholders with
clarity about what the
organisation is
fundamentally there to do
(Fundamental Purpose)
Vision Statement
• Concerned with the future
the organisation seeks to
create (Organisational
Direction)
By: Oguchi Martins Egbujor 21
Organisational Values
Corporate Values
• Communicate the
underlying and enduring
core principles that guide an
organisation’s strategy and
define the way that the
organisation should
operate!
Strategic Objectives
• Statements of specific
outcomes that are to be
achieved!
By: Oguchi Martins Egbujor 22
Strategic Purpose
Mission Statement outlines:
• What business are we in?
• What would be lost if the business did not
exist?
• How do we make a difference?
Strategic Objectives
• Provide guidance and
priorities for the
management to focus
on.
• What other examples of
strategic objectives can
you think of?
1. Differentiate the brand
2. Reduce operating costs
by £1.5bn
3. Generate £9bn cash
from operations
4. Maximise the mix to
achieve 3.5 -4.0%
group profit
5. Maximise value from
property
6. Innovation
Strategic Choices (Decisions)
• Business Strategy & Models
• Corporate strategy & Diversification
• International Strategy
• Entrepreneurship & Innovation
• Mergers
• Acquisitions
• Alliances
Business Environmental
Business environment involves the internal and
external forces, factors and institutions that are
beyond the control of the business and they affect
the functioning of business enterprises. These
include customers, competitors, suppliers,
government, and the social, political, legal,
technological factors, etc. Business environment is
multifaceted, complex, and dynamic in nature. The
changes in business environment are unpredictable.
It differs from industry to industry, place to place,
region to region and country to country
By: Oguchi Martins Egbujor 26
External Environment
An external environment is a process of
scanning and evaluating an organisation’s
external environment; it is how strategic
managers determine the opportunities and
threats facing their organisations
(Coulter, M., 2010)
By: Oguchi Martins Egbujor 27
Internal Environment
The systems approach to the study of business
organisations stresses the interaction between a
firm’s internal and external environments. Key
aspects of the internal context of business
include the organisation’s structure and
functions and the way they are configured in
pursuit of specified organisational objectives.
(Worthington & Britton, 2006)
By: Oguchi Martins Egbujor 28
Strategic Frameworks (Model)
• SWOT
• TOWS
• PESTEL
• 5 Forces
• Generic Strategy
• Bowman’s Strategic Clock
• Value Chain
• Ansof Matrix
• SAFe Analysis
• VRIO Analysis
• Capability Matrix
• Leadership and strategic change
By: Oguchi Martins Egbujor 29
SWOT Framework
Strengths
• Good image
• Strong Brand
• Quality product/service
• Fixed asset
• Cash
• Good Infrastructure
• Strong customer based
• Experienced workforce
Weaknesses
• Rate of pay
• Staff retention
• Location
• Lack of Motivation
Opportunities
• Student funding
• Availability of students locally
Threats
• Brexit
• Restriction of international studentship
• Student loan
• Tariffs
• Taxation
• Laws and regulations/QAA
By: Oguchi Martins Egbujor 30
PESTEL
POLITICAL
• Brexit
• European Union
• Sanction
• Trade embargo
• Student funding
• War
• Government decision
• Unstable government
ECONOMICAL
• Exchange rate
• Recession
• Taxation
• Tariffs
• Inflation/deflation
• Quota
SOCIAL
• Disposable income
• Unemployment
• Crime
• Demography
• Social welfare
TECHNOLOGICAL
• Emerging Technology
• Internet
• Social Media
• Point of sales
• Contactless
• Robot
• Conferencing
ECOLOGICAL/ENVIRONMENT
• CSR
• Water
• Air
• Pollen
• Pollution
• Soil degradation
• Erosion
• Natural vegetation
• Climate changes
LEGAL
• Laws
• Regulations
• Policies
• 48 Hour Rule
• Health and Safety Laws
• Equal Opportunity Laws
• Human Rights Laws
• Competition Laws
• Employment Laws
By: Oguchi Martins Egbujor 31
TOWS MATRIX
INTERNAL (Micro)
AND
EXTERNAL (Macro)
ENVIRONMENTAL
ANALYSIS
STRENGTHS
• These are the strengths
that you have to
explore opportunities
within your industry
WEAKNESSES
• These are the
weaknesses that you
have that prevent you
from countering your
threats
OPPORTUNITIES • These are all the
industry wide
opportunities that can
help your business to
grow
• Identify all the
weaknesses preventing
you from exploring all
the opportunities
THREATS • These are the threats
that exist within your
industry that prevent
you from exploring the
opportunities
• Identify all the
weaknesses that you
have that prevent you
from countering the
threats within the
industry
By: Oguchi Martins Egbujor 32
By Prof Heinz Weirich
Porter’s 5 Forces
Threats of entrants
Bargaining Power Bargaining Power
Threats of Substitutes
Potential
entrants
Suppliers Buyers
Substitutes
COMPETITIVE
RIVALRY
By: Oguchi Martins Egbujor 33
By Michael Porter
PORTER’S GENERIC STRATEGY
By: Oguchi Martins Egbujor 34
By: Oguchi Martins Egbujor 35
BOWMAN’S STRATEGIC CLOCK
By: Oguchi Martins Egbujor 36
2
1
3
4
5
6
7
8
PerceivedValuetotheConsumer
High
Low
Loss of market share
Low
Differentiation
Focused
Differentiation
Risky
High Margins
Monopoly
PricingLow Price
and Low
Added Value
Low
Price
Hybrid
Price High
ANSOF MATRIX
By: Oguchi Martins Egbujor 37
Market
Penetration
Strategy
Product
Development
Strategy
Market
Development
Strategy
Diversification
Strategy
Existing New
NewExisting Products
Markets
Ansoff, 1960
Ansof Matrix Explained
Strategic Marketing Planning Tool that links a firm's marketing strategy with
its general strategic direction and presents four alternative growth strategies
as a table (matrix). These strategies are seeking growth:
1. Market penetration: by pushing existing products in their current market
segments.
2. Market development: by developing new markets for the existing
products.
3. Product development: by developing new products for the existing
markets.
4. Diversification: by developing new products for new markets. Named
after its inventor, the father of strategic management,
Igor Ansoff (1957)
By: Oguchi Martins Egbujor 38
Value Chain Framework
Marketing interrelates with other functional units within an
organisation to create value and achieve the objectives
Firm Infrastructure
Human Resource Management
Technology
Procurement
Inbound
Logistics
Operations Outbound
Logistics
Marketing
and Sales
Services
Margin
Primary Activities
Supporting
Activities
By: Oguchi Martins Egbujor 39
RESOURCE-BASED VIEW (RBV)
By: Oguchi Martins Egbujor 40
FRAMEWORK FOR COMPETITIVE ADVANTAGE
RESOURCE-BA SED VIEW (RBV)
(Resource and Sustainable Competitive Advantage)
For the firm, resources and products are two
sides of the same coin. Most products require
the services of several resources and most
resources can be used in several products. By
specifying the size of the firm's activity in
different product markets, it is possible to infer
the minimum necessary resource commitments.
Conversely, by specifying a resource profile for a
firm, it is possible to find the optimal product-
market activities. (Birger Wernerfelt, 1984)
By: Oguchi Martins Egbujor 41
By: Oguchi Martins Egbujor 42
Resources
Capability
Value Rare Costly to
Imitate
Organisation Competitive
Implications
Firm
Performance
Product/s Yes Yes Yes Yes Sustainable Very good
Technology Yes No No Yes Changeable Latest
Equipment Yes No Yes Yes Available Latest
Customer Base Yes No No Yes Flexible Loyal
Skill/competence
Innovation
Market Trend
Product and
Service Quality
Workforce
VRIO MATRIX
Resources and Sustainable Competitive Advantage
RBV FRAMEWORK
RBV is an approach to achieving competitive
advantage that emerged in 1980s and 1990s,
after the major works published by Wernerfelt,
B. (The Resource-Based View of the Firm),
Prahalad and Hamel (The Core Competence of
The Corporation), Barney, J. (Firm resources and
sustained competitive advantage) and others.
By: Oguchi Martins Egbujor 43
By: Oguchi Martins Egbujor 44
The
Paradigm
Symbols
Power
Structures
Stories
Rituals and
Routines
Organisational
Structure
Control
Systems
Johnson and Scholes, 1988
Organisational Culture and Behaviour
CULTURAL WEB
Johnson and Scholes (1988) described
organisational behaviour as a cultural web; how
we do things here, including the stories that we
tell within the organisation. They identified a
number of elements that formed and influence
Organizational Culture termed as Paradigm.
These include processes, symbols, rituals,
power structure, stories, mission, beliefs and
values, control systems, etc.
By: Oguchi Martins Egbujor 45
SAFe Analysis
SAFe is a Strategic Framework used to evaluate
the Strategic Options of an organisation:
• S = Suitability
• A = Acceptability
• Fe = Feasibility
Johnson et al. (2008)
By: Oguchi Martins Egbujor 46
SAFe Criteria
Suitability assesses:
• the Opportunities
• The Constraints
Acceptability uses the ‘3Rs’ to asses:
• The Risk
• The returns
• The Reactions from Stakeholders
Feasibility assesses organisational capability using:
• The Resources
• The Competences
By: Oguchi Martins Egbujor 47
By: Oguchi Martins Egbujor 48
Strategic Position
External
PESTEL
Diamond
5 Forces
OT
Internal
SW
Strategic Choices
Cost/Differentiation/Focus
Ansoff Matrix
Bowman’s Strategic Clock
Vertical/Horizontal
Integration
Strategic Evaluation and
Selection
Suitability
Feasibility
Acceptability
Financial
Risk/Return
Reactions
Stakeholders
expectations
• Expansion
• £5m Profit
• Latest Technology
• Machinery
• Manpower
• Loyal Customer
• Market Leader
Identify relevant
points only
SAFe Analysis
Johnson et al., 2008
Organisational Capability/
Competitive Advantage
WORKING WITH OTHERS
Working with others requires practical as well as
personal skills. The advantages of working
collaboratively with others include learning and
sharing skills, knowledge, understanding and
experiences with other people within a team or
group.
By: Oguchi Martins Egbujor 49
Team
A team is a small number of people, with
complementary skills, who are committed to a
common purpose, performance goals, and
approach for which they are mutually
accountable.
(Katzenbach and Smith, 1993)
Oguchi Martins Egbujor 50
Group
Group can be defined as two or more individuals
engaged in some social interaction, for the
purpose of achieving some goal or goals.
Joan Walton (2002)
Oguchi Martins Egbujor 51
What Is A Team
A team is a group of people, usually two or
more, working together to achieve a common
goal. When a team is performing at its best,
you'll usually find that each team member has
clear responsibilities. Belbin defined a team role
as "a tendency to behave, contribute and
interrelate with others in a particular way" A
team may be performing different roles that
underlie team success.
By: Oguchi Martins Egbujor 52
What Is A Group
Group is a collection of individuals that come
together to achieve a stated objective. In a business
context, a working group might involve people from
different divisions or even companies that are
collaborating on a project that requires their
particular expertise or time. Group members share
beliefs, principles, and standards about areas of
common interest and they come together to work
on common tasks for agreed purposes and
outcomes. For a group to achieve a common goal
and share responsibility and accountability, it has to
work as a team.
By: Oguchi Martins Egbujor 53
Teamwork
Group
• Group works independently
• People are told what the
organisational objectives are
• People are given individual
roles to play
• In a group, people are
individually responsible and
accountable for the role they
play
• In group, individuals
accomplish a set target using
their own skill and ability
Team
• Works collaboratively
• Work with shared objectives
• Using their pool of skills and
abilities to contribute to the
achievement of organisational
objectives
• Team is collectively
responsible and accountable
to the objectives
• Team has complementary
skills with shared vision
Oguchi Martins Egbujor 54
Types of Teams
• Problem-Solving Team
• Self-Managed Teams
• Cross-Functional Team
• Virtual Team
• Project Team
• Management Team
• Parallel Team
• Strategic Team
Oguchi Martins Egbujor 55
Characteristics of Effective Team
• Share Vision
• Shared Objectives
• Committed to common goal
• Shared Responsibility
• Share Accountability
• Effective Communication
• Complementary Skills
• Team spirit
By: Oguchi Martins Egbujor 56
By: Oguchi Martins Egbujor 57
Strategic Team Provides leadership and direction
Management
Team
Provides day-to-day leadership and manage different
functional units
Operational Team Delivers products to customers and manages quality,
customer services, etc.
Cross-Functional
Team
Cross-functional team is involves people from more than
one department with different job roles working together to
achieve a common purpose.
Project Team Works to complete a defined project
Support Team Provides technical support: IT, finance, Human Resources ,
general office management, administrative support
Temporary team Works on short-term project, one-off
Virtual Team Group of individuals working in different areas and times,
united by information technology to achieve a common goal
Types of Teams Explained
Types of Teams
Problem-Solving Team
• I a group of workers,
usually in the same
department , who meet
regularly to discuss ways of
improving the quality,
efficiency and the work
environment to assess the
resources needed to
accomplish their task
Self-Managed Team
• A small group of work team
who takes the initiatives
and responsibilities of
organising and managing
their work without (less)
supervision. This is usually
a group of professionals
who are skilful and
experienced in what they
do.
Oguchi Martins Egbujor 58
Types of Teams
Cross-Functional Team
• This is a group of workers
who are usually of same
grade or hierarchy, from
different work areas or
departments, who come or
are put together to
accomplish a task, eg. Task
force, committee, etc
Virtual Team
• This is a team of workers in
various locations , who are
inter-connected by the use
of computer and other
communication technology
to work together to achieve
a common purpose.
Oguchi Martins Egbujor 59
Team Development
• Undeveloped Team
• Experimenting Team
• Consolidating Team
• Matured Team
(Woodcock, M., 1979)
Oguchi Martins Egbujor 60
Belbin Team Role
Action Orientated Cerebral Role People Orientated
Shaper Plant Co-ordinator
Completer/ Monitor Resource
Finisher Evaluator Investigator
Implementer pecialist Team Worker
Oguchi Martins Egbujor 61
Team-Role Descriptions
PLANT
Contribution
• Creative
• Imaginative
• Unorthodox
• Solving difficult problems
(Dr Meredith Belbin, 2003)
Allowance Weakness
• Ignores Incidents
• Too pre-occupied to
communicate effectively
Oguchi Martins Egbujor
62
Team-Role Descriptions
RESOURCE INVESTIGATOR
Contribution
• Extrovert
• Enthusiastic
• Communicative
• Explores opportunities
• Develops contacts
Allowance Weakness
• Over-optimistic
• Loses interest once
initial enthusiasm has
passed
Oguchi Martins Egbujor 63
Team-Role Descriptions
CO-ORDINATOR
Contribution
• Mature
• Confident
• A good chairperson
• Clarifies goals
• Promotes decision-
making
• Delegates well
Allowance Weakness
• Can be seen as
manipulative
• Offloads personal work
Oguchi Martins Egbujor 64
Team-Role Descriptions
SHAPER
Contribution
• Challenging
• Dynamic
• Thrives on pressure
• The drive and courage
to overcome obstacles
Weakness
• Prone to provocation
• Offends people’s
feelings
Oguchi Martins Egbujor 65
Team-Role Description
MONITOR EVALUATOR
Contribution
• Sober
• Strategic and discerning
• Sees all options
• Judges accurately
Allowance Weakness
• Lacks drive and ability
to inspire others
Oguchi Martins Egbujor 66
Team-Role Description
TEAM-WORKER
Contribution
• Co-operative
• Mild
• Perceptive/diplomatic
• Listens
• Builds
• Averts friction
Allowance Weakness
 Indecisive in crunch
situations
Oguchi Martins Egbujor 67
Team-Role Description
IMPLEMENTER
Contribution
• Discipline
• Reliable
• Conservative/efficient
• Turns ideas into
practical actions
Weakness
• Somewhat inflexible
• Slow to respond to new
possibilities
Oguchi Martins Egbujor 68
Team-Role Description
COMPLETE FINISHER
Contribution
• Painstaking
• Conscientious
• Anxious
• Searches out errors and
omissions
• Delivers on time
Weakness
• Inclined to worry
unduly
• Reluctant to delegate
Oguchi Martins Egbujor 69
Team-Role Description
SPECIALIST
Contribution
• Single-minded
• Self-Starter
• Dedicated
• Provides knowledge
and skills in rare supply
Allowance Weakness
• Contributes on only a
narrow front
• Dwells on technicalities
Oguchi Martins Egbujor 70
APPROACHES FOR EFFECTIVE TEAM
WORKING
• Good communication and inclusivity
• Common goal set by team
• Hold each other to account
• Clarity of roles
• Strategic direction
• Clear and agreed decision making
• Learning together in a team
• Manage conflict and dissent
• Shared knowledge, skills and vision
• Complementing each other
• Co-operation and collaboration
• Collective responsibility
Oguchi Martins Egbujor 71
Working Relationship
• Team building
• Constructive Feedbacks
• Share values, vision, objectives
• Shared responsibility and accountability
• Monitoring and assessing performance
• Collectivism and collaboration
• Line and channel of communication
• Disciplinary and grievance procedures
• Managing conflict
Oguchi Martins Egbujor 72
Effective Working Relationship
• Share vision, values, goals and objectives
• Clear expectations of each other
• Trust, commitment and respect
• Effective communication
• Listening and resolving conflict
• Recognising and managing emotion
• Giving and receiving feedbacks
• Openness and ability to understand others
• Contributing to team development
Oguchi Martins Egbujor 73
Assignment: Required Frameworks
Entering a new geographical market
• By Acquisition or Merger
• Use ANSOF Matrix
• 5Forces
• SWOT and PESTLE
• Generic Strategy
• Value Chain Analysis
• VRIO Matrix
• SAFe Framework
By: Oguchi Martins Egbujor 74
Business Diversification
• Merger
• Alliance
• Acquisition
By: Oguchi Martins Egbujor 75
Ansoff Matrix Video
https://www.youtube.com/watch?v=4dKliWrCy
wM
By: Oguchi Martins Egbujor 76
Vertical and Horizontal Integration
Forward
Backward
By: Oguchi Martins Egbujor 77
V
Vertical
HorizontalHorizontal
Horizontal and Vertical Integration
• https://www.youtube.com/watch?v=uOO4ClV
Urkw
By: Oguchi Martins Egbujor 78
Business Expansion
Vertical Integration (Different Businesses)
(Raw material/Manufacturer/Distributor/Retailer)
• Forward integration
(Manufacturer buys a distributor)
• Backward integration
(Retailer buys a wholesaler)
Horizontal Integration (Same Businesses)
• Manufacturer buys competing manufacturer
• Wholesaler buys competing wholesaler
By: Oguchi Martins Egbujor 79
Leadership
Leadership is an art of directing
people to willingly achieve common
objectives for the interest of all.
Oguchi Martins Egbujor 80
Leadership
Leadership is the art of getting someone
else to do something you want done
because he wants to do it.
(Dwight D. Eisenhower)
Oguchi Martins Egbujor 81
Leadership
Leadership is lifting a person's vision to
higher sights, the raising of a person's
performance to a higher standard, the
building of a personality beyond its normal
limitations.
(Peter F. Drucker, 1967)
Oguchi Martins Egbujor 82
Leadership Theories
• Great Man Theory
• Trait Theory
• Behavioural Theory
• Situational Theory
• Contingency Theory
• Functional Theory
• Transactional Theory
• Transformational Theories
Oguchi Martins Egbujor 83
Leadership Theories
Great Man
Trait
• Behavioural
• Leaders were born with
innate qualities, destined
to lead (prince, princess)
• Leaders possess qualities
associated with
leadership (tall, short)
• Leadership is learnable as
people develop
leadership qualities over a
period of time (education
and training)
Oguchi Martins Egbujor 84
Leadership Theories
Situation Leadership
Contingency Theory
• Leadership styles
depend on the specific
situation in which
leadership is required.
• Leadership style is
dependent on the
situational variables to
fit the specific
circumstances
Oguchi Martins Egbujor 85
Leadership Theories
(McGregor Burns, 1978/2008)
Transactional
Leadership
Transformational
Leadership
• This is the contractual
relationship between a
leader and the followers
which rewards good
behaviour and punishes
bad behaviour.
• Leadership by example
that encourages unity
of purpose, motivation,
collectivity, cooperation
Oguchi Martins Egbujor 86
Functional Theory
Functional leadership theory is a particularly
useful theory for addressing specific leadership
behaviours expected to contribute to
organisational or team effectiveness and
cohesion.
(Hackman & Wageman, 2005)
(Hackman & Walton, 1986)
Oguchi Martins Egbujor 87
Leadership Styles
Democracy/
(Transformational)
Autocracy/
(Transactional)
Laissez-faire
• Leadership of getting
other people involved in
the decision make for
collective responsibility.
• Leadership of telling,
commanding and
controlling people
• This is a hands-off
approach that gives
people freedom to work
unsupervised
Oguchi Martins Egbujor 88
Leadership And Management
Management
• Command and control
• Preserve the system
• Plan, budget and schedule
• Organising and staffing
• Directing and supervising
• Problem solving
Outcome based on: order,
predictability and certainty
BUT also compliance from
others involved
Leadership
• Challenges the system
• Inspires followers
• Aligns constituencies
• Encourages shared vision
• Co-operation, collaboration
and collective decision
Outcome based on: change,
risk taking, uncertainty BUT
also commitment from others
involved
Oguchi Martins Egbujor 89
Leadership Traits and Skills
By Stogdill (1974)
Traits
• Adaptable to situations
• Alert to social environment
• Ambitious
• Achievement oriented
• Assertive
• Cooperative
• Decisive
• Dependable
• Desire to influence others
• Energetic
• Persistence
• Self-confident
• Tolerant
• Responsible
Skills
• Clever
• Intelligent
• Conceptually skilful
• Creative
• Diplomatic
• Speak fluently
• Knowledgeable to task
• Organised
• Persuasive
• Socially skilled
• Inspirational
By Oguchi Martins Egbujor 90
Leadership Theories
Transactional Leadership
• Builds on need to get the job
done and make a living
• Preoccupied with position,
power and control
• Relies on human relations to
lubricate human interactions
• Focus on tactical issues
• Supports/reinforces systems
and structures
• Focus on Reward and
punishment
Transformational Leadership
• Builds on need for meaning
• Preoccupied with purposes,
values, morals and ethics
• Transcends daily affairs
• Focuses on long-term goals
without compromising human
values and principles
• Focuses on mission and
strategies
• Identifying/developing talent
Oguchi Martins Egbujor 91
Management of Working Relationship
• Influence of management style
• Emotional intelligence
• Organisational structure
• Leadership versus management
• Contingency management
• Role modelling
• Effective communication
Oguchi Martins Egbujor 92
Effective Working Relationship
• Share vision, values, goals and objectives
• Clear expectations of each other
• Trust, commitment and respect
• Effective communication
• Listening and resolving conflict
• Recognising and managing emotion
• Giving and receiving feedbacks
• Openness and ability to understand others
• Contributing to team development
Oguchi Martins Egbujor 93
Management Approaches
• Leadership Style
• Motivation
• Mentoring
• Coaching
• Training
• Shadowing
• Task orientation
• Team orientation
• Individual orientations
Oguchi Martins Egbujor 94
Leadership Models
• Stogdill (1974) Leadership Traits and Skills
• McGregor (1960) Theories X and Y
• Blake and Mouton (1964) Managerial Grid
• Fiedler Contingency Theory
• Hersey-Blanchard Leader Behaviour Model
• Tannenbaum & Schmidt Continuum Theory
• Adair (1973) Action-Centred Leadership
• Robert Greenleaf Servant leadership
• Belbin (1993) Solo and Team Leader
• McGregor Burns (1978) Transactional Leadership
By Oguchi Martins Egbujor 95
Adair’s Action-Centred Leadership
John Adair grouped his Action-Centred
Leadership model into three intertwined groups:
• Task Oriented
• Team Oriented
• Individual Oriented
By Oguchi Martins Egbujor 96
By Oguchi Martins Egbujor 97
Individual
Oriented
Task
Oriented
Team
Oriented
Adair’s Action-Centred Leadership Model
• Define the task
• Make the plan
• Allocate work and resources
• Control quality and rate of work
• Check performance against plan
• Adjust the plan
• Maintain discipline
• Build team spirit
• Encourage, motivate, give
sense of purpose
• Appoint sub-leaders
• Ensure communication within
group
• Develop the group
• Attend to personal problems
• Praise individuals
• Give status
• Recognise and use individual
ability
• Develop the individual
Continuum Leadership
• Telling
• Joining
• Selling
• Consulting
• Autocratic
• Democratic
• Persuasive
• Consultative
By Oguchi Martins Egbujor 98
The 17 School Leadership Model
Hay McBer (1999)
1. Analytical thinking
2. Challenge and Support
3. Confidence
4. Developing Potential
5. Drive for Improvement
6. Holding People Accountable
7. Impact and Influence
8. Information Seeking
9. Initiative
10. Integrity
11. Personal Convictions
12. Respect for Others
13. Strategic Thinking
14. Teamworking
15. Transformational Leadership
16. Understanding the Environment
17. Understanding Others
By Oguchi Martins Egbujor 99
Leadership Development
• Effective Recruitment and Selection
• Identify Leadership gap
• Develop Succession plan
• Develop skill roadmap
• Identify potential leaders in the organisation
• Training, coaching, mentoring
• Dev shared vision, objectives, commitment
• Encourage strategic and critical thinking
By Oguchi Martins Egbujor 100
Leadership Competency SHL Model
• Creative and Innovative
• Creative and conceptualising
• Analysing and interpreting
• Leading and deciding
• Adapting and coping
• Supporting and cooperating
• Enterprising and performing
• Organising and executing
• Interacting and presenting
By Oguchi Martins Egbujor 101
Behavioural Leadership Theory
Peter Drucker famously stated that
"management is doing things right; leadership is
doing the right things." Great leaders possess
dazzling social intelligence, a zest for change,
and above all, vision that allows them to set
their sights on the "things" that truly merit
attention. Leaders are not born; they are grown
(Peter Drucker, 2009)
By Oguchi Martins Egbujor 102
Change Management
Change management is a systematic approach
to dealing with the transition or transformation
of an organization's goals, processes or
technologies. The purpose of change
management is to implement strategies for
effecting change, controlling change and helping
people to adapt to change.
By: Oguchi Martins Egbujor 103
Process of Change
• Request for Change
• Impact Analysis
• Approve or Deny
• Implement Change
• Review/Report
By: Oguchi Martins Egbujor 104
Lewin’s Change Model
• Unfreeze
• Change
• Refreeze
By: Oguchi Martins Egbujor 105
Lewin’s Change Model
By: Oguchi Martins Egbujor 106
Unfreeze:
Reopen the
contents
Change:
Process
Reform
Amend
Improve
Communicate
Agreed
Refreeze:
Re-establish
Close
Lewin’s Force Field Analysis
• Enabling Factors
• Disabling Factors
By: Oguchi Martins Egbujor 107
Force Field Analysis
Enabling Factors
• Identify all the factors that
will help you to implement
all the changes
Disabling Factors
• Identify all the factors that
will hinder or obstruct you
from implementing all the
changes that you want to
accomplish
By: Oguchi Martins Egbujor 108

More Related Content

What's hot

Strategic & corporate management
Strategic & corporate managementStrategic & corporate management
Strategic & corporate managementgauravsolanki7315
 
Strategic Management - Module 4 - MG University - Manu Melwin Joy
Strategic Management - Module 4 - MG University  - Manu Melwin JoyStrategic Management - Module 4 - MG University  - Manu Melwin Joy
Strategic Management - Module 4 - MG University - Manu Melwin Joymanumelwin
 
hierarchy of strategic intent
hierarchy of strategic intent hierarchy of strategic intent
hierarchy of strategic intent Manish Kaushik
 
Strategic intent
Strategic intentStrategic intent
Strategic intentwimmba
 
Non financial rewards for exceptional performance of the marketing executives...
Non financial rewards for exceptional performance of the marketing executives...Non financial rewards for exceptional performance of the marketing executives...
Non financial rewards for exceptional performance of the marketing executives...Alexander Decker
 
Intro strategic management accounting For MBA-Accounting
Intro strategic management accounting For  MBA-AccountingIntro strategic management accounting For  MBA-Accounting
Intro strategic management accounting For MBA-AccountingClementDamoahAbabio
 
Marketing assignment presentation
Marketing assignment presentationMarketing assignment presentation
Marketing assignment presentationWilliam Riley
 
UGC-NET MANAGEMENT UNIT-10 ENTREPRENEURSHIP MANAGEMENT COMPLETE NOTES
UGC-NET  MANAGEMENT  UNIT-10 ENTREPRENEURSHIP  MANAGEMENT  COMPLETE  NOTESUGC-NET  MANAGEMENT  UNIT-10 ENTREPRENEURSHIP  MANAGEMENT  COMPLETE  NOTES
UGC-NET MANAGEMENT UNIT-10 ENTREPRENEURSHIP MANAGEMENT COMPLETE NOTESDIwakar Rajput
 
Module 4.3 - Human Resources management
Module 4.3 - Human Resources managementModule 4.3 - Human Resources management
Module 4.3 - Human Resources managementszpinter
 
Strategic intent
Strategic intent Strategic intent
Strategic intent Neha Monga
 
Business policy & strategic management
Business policy & strategic managementBusiness policy & strategic management
Business policy & strategic managementShashankdiv
 
Strategic management
Strategic managementStrategic management
Strategic managementDr.Yaser Aref
 
Advanced strategic management
Advanced strategic managementAdvanced strategic management
Advanced strategic managementShashankdiv
 

What's hot (20)

Functional strategies
Functional strategiesFunctional strategies
Functional strategies
 
Hierarchy of strategic intent
Hierarchy of strategic intentHierarchy of strategic intent
Hierarchy of strategic intent
 
Strategic & corporate management
Strategic & corporate managementStrategic & corporate management
Strategic & corporate management
 
Strategic managment process
Strategic managment processStrategic managment process
Strategic managment process
 
Strategic Management - Module 4 - MG University - Manu Melwin Joy
Strategic Management - Module 4 - MG University  - Manu Melwin JoyStrategic Management - Module 4 - MG University  - Manu Melwin Joy
Strategic Management - Module 4 - MG University - Manu Melwin Joy
 
hierarchy of strategic intent
hierarchy of strategic intent hierarchy of strategic intent
hierarchy of strategic intent
 
Strategic intent
Strategic intentStrategic intent
Strategic intent
 
Strategic intent
Strategic intentStrategic intent
Strategic intent
 
Key terms in strategic management
Key terms in strategic managementKey terms in strategic management
Key terms in strategic management
 
Non financial rewards for exceptional performance of the marketing executives...
Non financial rewards for exceptional performance of the marketing executives...Non financial rewards for exceptional performance of the marketing executives...
Non financial rewards for exceptional performance of the marketing executives...
 
Intro strategic management accounting For MBA-Accounting
Intro strategic management accounting For  MBA-AccountingIntro strategic management accounting For  MBA-Accounting
Intro strategic management accounting For MBA-Accounting
 
Management Process unit 1
Management Process unit 1Management Process unit 1
Management Process unit 1
 
Marketing assignment presentation
Marketing assignment presentationMarketing assignment presentation
Marketing assignment presentation
 
UGC-NET MANAGEMENT UNIT-10 ENTREPRENEURSHIP MANAGEMENT COMPLETE NOTES
UGC-NET  MANAGEMENT  UNIT-10 ENTREPRENEURSHIP  MANAGEMENT  COMPLETE  NOTESUGC-NET  MANAGEMENT  UNIT-10 ENTREPRENEURSHIP  MANAGEMENT  COMPLETE  NOTES
UGC-NET MANAGEMENT UNIT-10 ENTREPRENEURSHIP MANAGEMENT COMPLETE NOTES
 
Module 4.3 - Human Resources management
Module 4.3 - Human Resources managementModule 4.3 - Human Resources management
Module 4.3 - Human Resources management
 
Strategic intent
Strategic intent Strategic intent
Strategic intent
 
Business policy & strategic management
Business policy & strategic managementBusiness policy & strategic management
Business policy & strategic management
 
Strategic management
Strategic managementStrategic management
Strategic management
 
Introduction to strategic management
Introduction to strategic managementIntroduction to strategic management
Introduction to strategic management
 
Advanced strategic management
Advanced strategic managementAdvanced strategic management
Advanced strategic management
 

Similar to Strategic decision making (oguchi gbs) ba business management 05 feb 2018

business strategy .pptx
business strategy .pptxbusiness strategy .pptx
business strategy .pptxSujanRegmi10
 
Strategic Management & Planning
Strategic Management & PlanningStrategic Management & Planning
Strategic Management & Planningjasiya4u
 
Strategic planning for managers
Strategic planning for managersStrategic planning for managers
Strategic planning for managersYodhia Antariksa
 
L6 m2 lo1_transcript
L6 m2 lo1_transcriptL6 m2 lo1_transcript
L6 m2 lo1_transcriptBella Akora
 
Strategic planning for managers ppt slides
Strategic planning for managers ppt slidesStrategic planning for managers ppt slides
Strategic planning for managers ppt slidesYodhia Antariksa
 
Scott droney - strategic planning and strategic management
Scott droney -  strategic planning and strategic managementScott droney -  strategic planning and strategic management
Scott droney - strategic planning and strategic managementScott Droney
 
Developing the strategy
Developing the strategyDeveloping the strategy
Developing the strategyiman_sa1
 
Process of strategic choice & role and subjective factor .
Process of strategic choice & role and subjective factor .Process of strategic choice & role and subjective factor .
Process of strategic choice & role and subjective factor .Rishabh srivastava`
 
Planning in Management (Principles of management)
Planning in Management (Principles of management)Planning in Management (Principles of management)
Planning in Management (Principles of management)Abdulmughni Ansari
 
Introduction to Strategic Management - Foundation
Introduction to Strategic Management - FoundationIntroduction to Strategic Management - Foundation
Introduction to Strategic Management - FoundationResearchCafe1
 
02StrategicPlanning.ppt
02StrategicPlanning.ppt02StrategicPlanning.ppt
02StrategicPlanning.pptailinedonaire
 
Strategic Management lecture # 11
Strategic Management lecture # 11Strategic Management lecture # 11
Strategic Management lecture # 11Hijratullah Tahir
 
Strategic Management lecture # 12
Strategic Management lecture # 12Strategic Management lecture # 12
Strategic Management lecture # 12Hijratullah Tahir
 
Lecture 1 and 2 Strategic Planning.pptx
Lecture 1 and 2 Strategic Planning.pptxLecture 1 and 2 Strategic Planning.pptx
Lecture 1 and 2 Strategic Planning.pptxRichardHazboun
 
476495370-4-Planning-and-Strategic-Management-ppt.ppt
476495370-4-Planning-and-Strategic-Management-ppt.ppt476495370-4-Planning-and-Strategic-Management-ppt.ppt
476495370-4-Planning-and-Strategic-Management-ppt.pptCheyneeGayle
 

Similar to Strategic decision making (oguchi gbs) ba business management 05 feb 2018 (20)

Strategic management
Strategic managementStrategic management
Strategic management
 
business strategy .pptx
business strategy .pptxbusiness strategy .pptx
business strategy .pptx
 
Strategic Management & Planning
Strategic Management & PlanningStrategic Management & Planning
Strategic Management & Planning
 
Strategic planning for managers
Strategic planning for managersStrategic planning for managers
Strategic planning for managers
 
L6 m2 lo1_transcript
L6 m2 lo1_transcriptL6 m2 lo1_transcript
L6 m2 lo1_transcript
 
Strategic planning for managers ppt slides
Strategic planning for managers ppt slidesStrategic planning for managers ppt slides
Strategic planning for managers ppt slides
 
Scott droney - strategic planning and strategic management
Scott droney -  strategic planning and strategic managementScott droney -  strategic planning and strategic management
Scott droney - strategic planning and strategic management
 
Developing the strategy
Developing the strategyDeveloping the strategy
Developing the strategy
 
Strategic planning
Strategic planningStrategic planning
Strategic planning
 
Process of strategic choice & role and subjective factor .
Process of strategic choice & role and subjective factor .Process of strategic choice & role and subjective factor .
Process of strategic choice & role and subjective factor .
 
Planning in Management (Principles of management)
Planning in Management (Principles of management)Planning in Management (Principles of management)
Planning in Management (Principles of management)
 
Introduction to Strategic Management - Foundation
Introduction to Strategic Management - FoundationIntroduction to Strategic Management - Foundation
Introduction to Strategic Management - Foundation
 
02StrategicPlanning.ppt
02StrategicPlanning.ppt02StrategicPlanning.ppt
02StrategicPlanning.ppt
 
Strategic Management lecture # 11
Strategic Management lecture # 11Strategic Management lecture # 11
Strategic Management lecture # 11
 
Strategic Management lecture # 12
Strategic Management lecture # 12Strategic Management lecture # 12
Strategic Management lecture # 12
 
Lecture 1 and 2 Strategic Planning.pptx
Lecture 1 and 2 Strategic Planning.pptxLecture 1 and 2 Strategic Planning.pptx
Lecture 1 and 2 Strategic Planning.pptx
 
Strategic planning
Strategic planningStrategic planning
Strategic planning
 
Strategic Management part_01_03
Strategic Management part_01_03Strategic Management part_01_03
Strategic Management part_01_03
 
476495370-4-Planning-and-Strategic-Management-ppt.ppt
476495370-4-Planning-and-Strategic-Management-ppt.ppt476495370-4-Planning-and-Strategic-Management-ppt.ppt
476495370-4-Planning-and-Strategic-Management-ppt.ppt
 
1.ppt
1.ppt1.ppt
1.ppt
 

More from OGUCHI MARTINS EGBUJOR

BTEC Level 3 Personal and Business Finance.pptx
BTEC Level 3 Personal and Business Finance.pptxBTEC Level 3 Personal and Business Finance.pptx
BTEC Level 3 Personal and Business Finance.pptxOGUCHI MARTINS EGBUJOR
 
BTEC Level 3 Personal and Business Finance.pptx
BTEC Level 3 Personal and Business Finance.pptxBTEC Level 3 Personal and Business Finance.pptx
BTEC Level 3 Personal and Business Finance.pptxOGUCHI MARTINS EGBUJOR
 
NCFE L5 Promote professional development (Unit 52) 2023.pptx
NCFE L5 Promote professional development (Unit 52) 2023.pptxNCFE L5 Promote professional development (Unit 52) 2023.pptx
NCFE L5 Promote professional development (Unit 52) 2023.pptxOGUCHI MARTINS EGBUJOR
 
NUTRITION FOR HEALTH AND SOCIAL HSC O10 2023.ppt
NUTRITION FOR HEALTH AND SOCIAL HSC O10 2023.pptNUTRITION FOR HEALTH AND SOCIAL HSC O10 2023.ppt
NUTRITION FOR HEALTH AND SOCIAL HSC O10 2023.pptOGUCHI MARTINS EGBUJOR
 
EQUALITY, DIVERSITY AND RIGHTS IN HSC CM1 30 MARCH 2023.ppt
EQUALITY, DIVERSITY AND RIGHTS IN HSC CM1 30 MARCH 2023.pptEQUALITY, DIVERSITY AND RIGHTS IN HSC CM1 30 MARCH 2023.ppt
EQUALITY, DIVERSITY AND RIGHTS IN HSC CM1 30 MARCH 2023.pptOGUCHI MARTINS EGBUJOR
 
INFECTION PREVENTION AND CONTROL IN HEALTH AND SOCIAL CM5 JULY 2023.ppt
INFECTION PREVENTION AND CONTROL IN HEALTH AND SOCIAL CM5 JULY 2023.pptINFECTION PREVENTION AND CONTROL IN HEALTH AND SOCIAL CM5 JULY 2023.ppt
INFECTION PREVENTION AND CONTROL IN HEALTH AND SOCIAL CM5 JULY 2023.pptOGUCHI MARTINS EGBUJOR
 
Safeguarding and protection in health and social care HSC M3 L2 Extended Dipl...
Safeguarding and protection in health and social care HSC M3 L2 Extended Dipl...Safeguarding and protection in health and social care HSC M3 L2 Extended Dipl...
Safeguarding and protection in health and social care HSC M3 L2 Extended Dipl...OGUCHI MARTINS EGBUJOR
 
Communication Level 2 In Health & Social Care 26th March 2022.pptx
Communication Level 2 In Health & Social Care 26th March 2022.pptxCommunication Level 2 In Health & Social Care 26th March 2022.pptx
Communication Level 2 In Health & Social Care 26th March 2022.pptxOGUCHI MARTINS EGBUJOR
 
Business unit 1 business environment (unit 1) 2019
Business unit 1 business environment (unit 1) 2019Business unit 1 business environment (unit 1) 2019
Business unit 1 business environment (unit 1) 2019OGUCHI MARTINS EGBUJOR
 
Strategic human resource management (oguchi) 04 march 2018
Strategic human resource management (oguchi) 04 march 2018Strategic human resource management (oguchi) 04 march 2018
Strategic human resource management (oguchi) 04 march 2018OGUCHI MARTINS EGBUJOR
 
Healthcare unit 1 law policy and ethical practice 15 oct 2018
Healthcare  unit 1 law policy and ethical practice 15 oct 2018Healthcare  unit 1 law policy and ethical practice 15 oct 2018
Healthcare unit 1 law policy and ethical practice 15 oct 2018OGUCHI MARTINS EGBUJOR
 
Healthcare unit 11 changing perspectives in public health (lecture slides) 2019
Healthcare unit 11 changing perspectives in public health (lecture slides) 2019Healthcare unit 11 changing perspectives in public health (lecture slides) 2019
Healthcare unit 11 changing perspectives in public health (lecture slides) 2019OGUCHI MARTINS EGBUJOR
 
Innovation and Commercialisation In Business
Innovation and Commercialisation In BusinessInnovation and Commercialisation In Business
Innovation and Commercialisation In BusinessOGUCHI MARTINS EGBUJOR
 
Healthcare Law Policy and Ethical Practice August 2019
Healthcare  Law Policy and Ethical Practice August 2019Healthcare  Law Policy and Ethical Practice August 2019
Healthcare Law Policy and Ethical Practice August 2019OGUCHI MARTINS EGBUJOR
 
Healthcare: Law Policy and Ethical Practice August 2019
Healthcare: Law Policy and Ethical Practice August 2019Healthcare: Law Policy and Ethical Practice August 2019
Healthcare: Law Policy and Ethical Practice August 2019OGUCHI MARTINS EGBUJOR
 

More from OGUCHI MARTINS EGBUJOR (16)

BTEC Level 3 Personal and Business Finance.pptx
BTEC Level 3 Personal and Business Finance.pptxBTEC Level 3 Personal and Business Finance.pptx
BTEC Level 3 Personal and Business Finance.pptx
 
BTEC Level 3 Personal and Business Finance.pptx
BTEC Level 3 Personal and Business Finance.pptxBTEC Level 3 Personal and Business Finance.pptx
BTEC Level 3 Personal and Business Finance.pptx
 
NCFE L5 Promote professional development (Unit 52) 2023.pptx
NCFE L5 Promote professional development (Unit 52) 2023.pptxNCFE L5 Promote professional development (Unit 52) 2023.pptx
NCFE L5 Promote professional development (Unit 52) 2023.pptx
 
NUTRITION FOR HEALTH AND SOCIAL HSC O10 2023.ppt
NUTRITION FOR HEALTH AND SOCIAL HSC O10 2023.pptNUTRITION FOR HEALTH AND SOCIAL HSC O10 2023.ppt
NUTRITION FOR HEALTH AND SOCIAL HSC O10 2023.ppt
 
EQUALITY, DIVERSITY AND RIGHTS IN HSC CM1 30 MARCH 2023.ppt
EQUALITY, DIVERSITY AND RIGHTS IN HSC CM1 30 MARCH 2023.pptEQUALITY, DIVERSITY AND RIGHTS IN HSC CM1 30 MARCH 2023.ppt
EQUALITY, DIVERSITY AND RIGHTS IN HSC CM1 30 MARCH 2023.ppt
 
INFECTION PREVENTION AND CONTROL IN HEALTH AND SOCIAL CM5 JULY 2023.ppt
INFECTION PREVENTION AND CONTROL IN HEALTH AND SOCIAL CM5 JULY 2023.pptINFECTION PREVENTION AND CONTROL IN HEALTH AND SOCIAL CM5 JULY 2023.ppt
INFECTION PREVENTION AND CONTROL IN HEALTH AND SOCIAL CM5 JULY 2023.ppt
 
Safeguarding and protection in health and social care HSC M3 L2 Extended Dipl...
Safeguarding and protection in health and social care HSC M3 L2 Extended Dipl...Safeguarding and protection in health and social care HSC M3 L2 Extended Dipl...
Safeguarding and protection in health and social care HSC M3 L2 Extended Dipl...
 
Communication Level 2 In Health & Social Care 26th March 2022.pptx
Communication Level 2 In Health & Social Care 26th March 2022.pptxCommunication Level 2 In Health & Social Care 26th March 2022.pptx
Communication Level 2 In Health & Social Care 26th March 2022.pptx
 
Business unit 1 business environment (unit 1) 2019
Business unit 1 business environment (unit 1) 2019Business unit 1 business environment (unit 1) 2019
Business unit 1 business environment (unit 1) 2019
 
Strategic human resource management (oguchi) 04 march 2018
Strategic human resource management (oguchi) 04 march 2018Strategic human resource management (oguchi) 04 march 2018
Strategic human resource management (oguchi) 04 march 2018
 
Healthcare unit 1 law policy and ethical practice 15 oct 2018
Healthcare  unit 1 law policy and ethical practice 15 oct 2018Healthcare  unit 1 law policy and ethical practice 15 oct 2018
Healthcare unit 1 law policy and ethical practice 15 oct 2018
 
Healthcare unit 11 changing perspectives in public health (lecture slides) 2019
Healthcare unit 11 changing perspectives in public health (lecture slides) 2019Healthcare unit 11 changing perspectives in public health (lecture slides) 2019
Healthcare unit 11 changing perspectives in public health (lecture slides) 2019
 
Innovation and Commercialisation In Business
Innovation and Commercialisation In BusinessInnovation and Commercialisation In Business
Innovation and Commercialisation In Business
 
Human Resource Management
Human Resource ManagementHuman Resource Management
Human Resource Management
 
Healthcare Law Policy and Ethical Practice August 2019
Healthcare  Law Policy and Ethical Practice August 2019Healthcare  Law Policy and Ethical Practice August 2019
Healthcare Law Policy and Ethical Practice August 2019
 
Healthcare: Law Policy and Ethical Practice August 2019
Healthcare: Law Policy and Ethical Practice August 2019Healthcare: Law Policy and Ethical Practice August 2019
Healthcare: Law Policy and Ethical Practice August 2019
 

Recently uploaded

CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxGaneshChakor2
 
Final demo Grade 9 for demo Plan dessert.pptx
Final demo Grade 9 for demo Plan dessert.pptxFinal demo Grade 9 for demo Plan dessert.pptx
Final demo Grade 9 for demo Plan dessert.pptxAvyJaneVismanos
 
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfEnzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfSumit Tiwari
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)eniolaolutunde
 
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...Marc Dusseiller Dusjagr
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxSayali Powar
 
History Class XII Ch. 3 Kinship, Caste and Class (1).pptx
History Class XII Ch. 3 Kinship, Caste and Class (1).pptxHistory Class XII Ch. 3 Kinship, Caste and Class (1).pptx
History Class XII Ch. 3 Kinship, Caste and Class (1).pptxsocialsciencegdgrohi
 
Alper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentAlper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentInMediaRes1
 
Painted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of IndiaPainted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of IndiaVirag Sontakke
 
CELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptxCELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptxJiesonDelaCerna
 
Proudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptxProudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptxthorishapillay1
 
Roles & Responsibilities in Pharmacovigilance
Roles & Responsibilities in PharmacovigilanceRoles & Responsibilities in Pharmacovigilance
Roles & Responsibilities in PharmacovigilanceSamikshaHamane
 
How to Configure Email Server in Odoo 17
How to Configure Email Server in Odoo 17How to Configure Email Server in Odoo 17
How to Configure Email Server in Odoo 17Celine George
 
भारत-रोम व्यापार.pptx, Indo-Roman Trade,
भारत-रोम व्यापार.pptx, Indo-Roman Trade,भारत-रोम व्यापार.pptx, Indo-Roman Trade,
भारत-रोम व्यापार.pptx, Indo-Roman Trade,Virag Sontakke
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxmanuelaromero2013
 
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Celine George
 

Recently uploaded (20)

CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptx
 
ESSENTIAL of (CS/IT/IS) class 06 (database)
ESSENTIAL of (CS/IT/IS) class 06 (database)ESSENTIAL of (CS/IT/IS) class 06 (database)
ESSENTIAL of (CS/IT/IS) class 06 (database)
 
Final demo Grade 9 for demo Plan dessert.pptx
Final demo Grade 9 for demo Plan dessert.pptxFinal demo Grade 9 for demo Plan dessert.pptx
Final demo Grade 9 for demo Plan dessert.pptx
 
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfEnzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)
 
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
 
OS-operating systems- ch04 (Threads) ...
OS-operating systems- ch04 (Threads) ...OS-operating systems- ch04 (Threads) ...
OS-operating systems- ch04 (Threads) ...
 
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdfTataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
 
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
 
History Class XII Ch. 3 Kinship, Caste and Class (1).pptx
History Class XII Ch. 3 Kinship, Caste and Class (1).pptxHistory Class XII Ch. 3 Kinship, Caste and Class (1).pptx
History Class XII Ch. 3 Kinship, Caste and Class (1).pptx
 
Alper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentAlper Gobel In Media Res Media Component
Alper Gobel In Media Res Media Component
 
Painted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of IndiaPainted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of India
 
CELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptxCELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptx
 
Proudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptxProudly South Africa powerpoint Thorisha.pptx
Proudly South Africa powerpoint Thorisha.pptx
 
Roles & Responsibilities in Pharmacovigilance
Roles & Responsibilities in PharmacovigilanceRoles & Responsibilities in Pharmacovigilance
Roles & Responsibilities in Pharmacovigilance
 
How to Configure Email Server in Odoo 17
How to Configure Email Server in Odoo 17How to Configure Email Server in Odoo 17
How to Configure Email Server in Odoo 17
 
भारत-रोम व्यापार.pptx, Indo-Roman Trade,
भारत-रोम व्यापार.pptx, Indo-Roman Trade,भारत-रोम व्यापार.pptx, Indo-Roman Trade,
भारत-रोम व्यापार.pptx, Indo-Roman Trade,
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptx
 
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
 

Strategic decision making (oguchi gbs) ba business management 05 feb 2018

  • 1. BA (HON) BUSINESS MANAGEMENT STRATEGIC DECISION MAKING Code: BM622 By: Oguchi Martins Egbujor By: Oguchi Martins Egbujor 1
  • 2. Strategic Decision Making Strategic Decision Making is a long term corporate planning made according to the organisational direction, and the fundamental purpose, to achieve overall objectives By: Oguchi Martins Egbujor 2
  • 3. Introduction Strategic Decision making is a module that enables learners to develop practical understanding and skills of how leaders and senior managers make decision regarding the strategy of their organisational direction. It focuses on the needs of the organisation and how to achieve its objectives. By: Oguchi Martins Egbujor 3
  • 4. Learning Outcomes 1. Analyse the external environment of an organisation and justify critical opportunities and threats appropriate to that organisation; 2. Analyse the strategic capability of an organisation and justify critical strengths and weaknesses linked to competitive advantage; 3. Develop suitable strategic choices for an organisation; 4. Evaluate strategic choices for an organisation, referring back to previous analysis in 1 and 2. 5. Recommend and justify an appropriate strategic choice for an organisation. By: Oguchi Martins Egbujor 4
  • 5. Factors To Be Considered • Strategic Processes and purposes: Vision, Mission, Strategy, Objectives, Tactics • Developing and choosing appropriate strategy • Business Environment • Strategic capability/Matrix • Competitive advantage • Academic Framework: PESTEL, SWOT, Porter’s 5Forces, Generic Strategy, Culture Web, Value Chain, Bowman’s Strategic Clock, Ansof Matrix • Evaluation of Strategic Options using SAFe Framework • Justified recommendation of preferred strategy By: Oguchi Martins Egbujor 5
  • 6. Assignment Structure A recommended structure for the assignment is as follows: 1. Front cover including word count, 2. Brief summary of your report (Abstract) 3. Table of contents 4. Introduction to your work, including the chosen organisation 5. Development of two strategic choices 6. Analysing business environment (internal and external) 7. Identifying and analysing strategic options using know strategic frameworks (5Forces, Value chain, Generic strategy, Bowman’s strategic clock, Ansoff matrix, SAFe) 8. Evaluation of strategic choices 9. Recommendation of preferred strategic choice 10. Bibliography 11. Appendices.
  • 7. Strategy Strategy is the direction and scope of an organisation over the long term, which achieves advantage for the organisation through its configuration of resources within a changing environment and to fulfil stakeholder expectation. (Johnson & Scholes, 2004) By: Oguchi Martins Egbujor 7
  • 8. What Is Strategy Strategy is a plan - a somewhat deliberately and consciously chosen course of action. This means people make strategies in advance of the actions to which they apply, and they develop strategies consciously and purposefully. (Henry Mintzberg, 1992) By: Oguchi Martins Egbujor 8
  • 9. Levels of Strategy There are three (3) levels of organisational strategy, namely: • Corporate level • Business level (SBU) • Operations level (Implementation) By: Oguchi Martins Egbujor 9
  • 10. Business Strategy The Strategic Framework for strategic processes (Johnson & Scholes) By: Oguchi Martins Egbujor 10 Strategic Position Strategic Choices Strategy in action
  • 11. Strategic Position Analysis By: Oguchi Martins Egbujor 11 Strategic Position The Environment Resources and competences Expectations and purposes Impacts on Organisation’s Strategic Position
  • 12. Strategic Position Involves To understand an organisation’s strategic position, the following needs to be analysed • The Environment • The Purpose • The Culture • The Capacity • Resources • Competences • Stakeholder Expectations By: Oguchi Martins Egbujor 12
  • 13. Strategic Choices Analysis By: Oguchi Martins Egbujor 13 Strategic Choices Corporate level strategies Business level strategies Development of directions and methods Suitable choices to achieve the objectives of an organisation
  • 14. Strategic Choices Involves There are different strategies at different levels of an organisation. The choice of strategy depends on environmental circumstances • The Corporate level • The Business level • Internal • International • Identifying options • Evaluation options • Innovation • Selecting Strategy By: Oguchi Martins Egbujor 14
  • 15. Strategy In Action By: Oguchi Martins Egbujor 15 Organisational Structure and Managing Choices/ changes Strategy in action Planning and allocating resources Strategy in Action is to implement choices
  • 16. Strategy In Action Involves • Planning • Structure • Identifying resources • Allocating Resources • Directions • Methods • Practice • Managing change • Organising • Implementing solutions By: Oguchi Martins Egbujor 16
  • 17. Strategic Questions • Where are we now? • Where do we want to be? • How are we going to get there? • What is going to stop us? • How will we execute this strategy? • Existing strategic position. • Predicting the future. • Vision, mission and strategy statement • External macro and competitive factors & Internal forces. • Capabilities of firm. By: Oguchi Martins Egbujor 17
  • 18. Strategy Purpose and Processes • Mission, • Vision and • Objectives • Strategy • Tactics • The Capability • The Competitive Advantage
  • 19. Strategic Statements • Mission statement • Vision Statement • Cultural Values • Corporate Social Responsibility By: Oguchi Martins Egbujor 19
  • 20. scope of the organisations activities • The Product • The Market • The Customers • The Location • The Delivery By: Oguchi Martins Egbujor 20
  • 21. Strategic Statements Mission Statement • Aims to provide employees and stakeholders with clarity about what the organisation is fundamentally there to do (Fundamental Purpose) Vision Statement • Concerned with the future the organisation seeks to create (Organisational Direction) By: Oguchi Martins Egbujor 21
  • 22. Organisational Values Corporate Values • Communicate the underlying and enduring core principles that guide an organisation’s strategy and define the way that the organisation should operate! Strategic Objectives • Statements of specific outcomes that are to be achieved! By: Oguchi Martins Egbujor 22
  • 23. Strategic Purpose Mission Statement outlines: • What business are we in? • What would be lost if the business did not exist? • How do we make a difference?
  • 24. Strategic Objectives • Provide guidance and priorities for the management to focus on. • What other examples of strategic objectives can you think of? 1. Differentiate the brand 2. Reduce operating costs by £1.5bn 3. Generate £9bn cash from operations 4. Maximise the mix to achieve 3.5 -4.0% group profit 5. Maximise value from property 6. Innovation
  • 25. Strategic Choices (Decisions) • Business Strategy & Models • Corporate strategy & Diversification • International Strategy • Entrepreneurship & Innovation • Mergers • Acquisitions • Alliances
  • 26. Business Environmental Business environment involves the internal and external forces, factors and institutions that are beyond the control of the business and they affect the functioning of business enterprises. These include customers, competitors, suppliers, government, and the social, political, legal, technological factors, etc. Business environment is multifaceted, complex, and dynamic in nature. The changes in business environment are unpredictable. It differs from industry to industry, place to place, region to region and country to country By: Oguchi Martins Egbujor 26
  • 27. External Environment An external environment is a process of scanning and evaluating an organisation’s external environment; it is how strategic managers determine the opportunities and threats facing their organisations (Coulter, M., 2010) By: Oguchi Martins Egbujor 27
  • 28. Internal Environment The systems approach to the study of business organisations stresses the interaction between a firm’s internal and external environments. Key aspects of the internal context of business include the organisation’s structure and functions and the way they are configured in pursuit of specified organisational objectives. (Worthington & Britton, 2006) By: Oguchi Martins Egbujor 28
  • 29. Strategic Frameworks (Model) • SWOT • TOWS • PESTEL • 5 Forces • Generic Strategy • Bowman’s Strategic Clock • Value Chain • Ansof Matrix • SAFe Analysis • VRIO Analysis • Capability Matrix • Leadership and strategic change By: Oguchi Martins Egbujor 29
  • 30. SWOT Framework Strengths • Good image • Strong Brand • Quality product/service • Fixed asset • Cash • Good Infrastructure • Strong customer based • Experienced workforce Weaknesses • Rate of pay • Staff retention • Location • Lack of Motivation Opportunities • Student funding • Availability of students locally Threats • Brexit • Restriction of international studentship • Student loan • Tariffs • Taxation • Laws and regulations/QAA By: Oguchi Martins Egbujor 30
  • 31. PESTEL POLITICAL • Brexit • European Union • Sanction • Trade embargo • Student funding • War • Government decision • Unstable government ECONOMICAL • Exchange rate • Recession • Taxation • Tariffs • Inflation/deflation • Quota SOCIAL • Disposable income • Unemployment • Crime • Demography • Social welfare TECHNOLOGICAL • Emerging Technology • Internet • Social Media • Point of sales • Contactless • Robot • Conferencing ECOLOGICAL/ENVIRONMENT • CSR • Water • Air • Pollen • Pollution • Soil degradation • Erosion • Natural vegetation • Climate changes LEGAL • Laws • Regulations • Policies • 48 Hour Rule • Health and Safety Laws • Equal Opportunity Laws • Human Rights Laws • Competition Laws • Employment Laws By: Oguchi Martins Egbujor 31
  • 32. TOWS MATRIX INTERNAL (Micro) AND EXTERNAL (Macro) ENVIRONMENTAL ANALYSIS STRENGTHS • These are the strengths that you have to explore opportunities within your industry WEAKNESSES • These are the weaknesses that you have that prevent you from countering your threats OPPORTUNITIES • These are all the industry wide opportunities that can help your business to grow • Identify all the weaknesses preventing you from exploring all the opportunities THREATS • These are the threats that exist within your industry that prevent you from exploring the opportunities • Identify all the weaknesses that you have that prevent you from countering the threats within the industry By: Oguchi Martins Egbujor 32 By Prof Heinz Weirich
  • 33. Porter’s 5 Forces Threats of entrants Bargaining Power Bargaining Power Threats of Substitutes Potential entrants Suppliers Buyers Substitutes COMPETITIVE RIVALRY By: Oguchi Martins Egbujor 33 By Michael Porter
  • 34. PORTER’S GENERIC STRATEGY By: Oguchi Martins Egbujor 34
  • 35. By: Oguchi Martins Egbujor 35
  • 36. BOWMAN’S STRATEGIC CLOCK By: Oguchi Martins Egbujor 36 2 1 3 4 5 6 7 8 PerceivedValuetotheConsumer High Low Loss of market share Low Differentiation Focused Differentiation Risky High Margins Monopoly PricingLow Price and Low Added Value Low Price Hybrid Price High
  • 37. ANSOF MATRIX By: Oguchi Martins Egbujor 37 Market Penetration Strategy Product Development Strategy Market Development Strategy Diversification Strategy Existing New NewExisting Products Markets Ansoff, 1960
  • 38. Ansof Matrix Explained Strategic Marketing Planning Tool that links a firm's marketing strategy with its general strategic direction and presents four alternative growth strategies as a table (matrix). These strategies are seeking growth: 1. Market penetration: by pushing existing products in their current market segments. 2. Market development: by developing new markets for the existing products. 3. Product development: by developing new products for the existing markets. 4. Diversification: by developing new products for new markets. Named after its inventor, the father of strategic management, Igor Ansoff (1957) By: Oguchi Martins Egbujor 38
  • 39. Value Chain Framework Marketing interrelates with other functional units within an organisation to create value and achieve the objectives Firm Infrastructure Human Resource Management Technology Procurement Inbound Logistics Operations Outbound Logistics Marketing and Sales Services Margin Primary Activities Supporting Activities By: Oguchi Martins Egbujor 39
  • 40. RESOURCE-BASED VIEW (RBV) By: Oguchi Martins Egbujor 40 FRAMEWORK FOR COMPETITIVE ADVANTAGE
  • 41. RESOURCE-BA SED VIEW (RBV) (Resource and Sustainable Competitive Advantage) For the firm, resources and products are two sides of the same coin. Most products require the services of several resources and most resources can be used in several products. By specifying the size of the firm's activity in different product markets, it is possible to infer the minimum necessary resource commitments. Conversely, by specifying a resource profile for a firm, it is possible to find the optimal product- market activities. (Birger Wernerfelt, 1984) By: Oguchi Martins Egbujor 41
  • 42. By: Oguchi Martins Egbujor 42 Resources Capability Value Rare Costly to Imitate Organisation Competitive Implications Firm Performance Product/s Yes Yes Yes Yes Sustainable Very good Technology Yes No No Yes Changeable Latest Equipment Yes No Yes Yes Available Latest Customer Base Yes No No Yes Flexible Loyal Skill/competence Innovation Market Trend Product and Service Quality Workforce VRIO MATRIX Resources and Sustainable Competitive Advantage
  • 43. RBV FRAMEWORK RBV is an approach to achieving competitive advantage that emerged in 1980s and 1990s, after the major works published by Wernerfelt, B. (The Resource-Based View of the Firm), Prahalad and Hamel (The Core Competence of The Corporation), Barney, J. (Firm resources and sustained competitive advantage) and others. By: Oguchi Martins Egbujor 43
  • 44. By: Oguchi Martins Egbujor 44 The Paradigm Symbols Power Structures Stories Rituals and Routines Organisational Structure Control Systems Johnson and Scholes, 1988 Organisational Culture and Behaviour
  • 45. CULTURAL WEB Johnson and Scholes (1988) described organisational behaviour as a cultural web; how we do things here, including the stories that we tell within the organisation. They identified a number of elements that formed and influence Organizational Culture termed as Paradigm. These include processes, symbols, rituals, power structure, stories, mission, beliefs and values, control systems, etc. By: Oguchi Martins Egbujor 45
  • 46. SAFe Analysis SAFe is a Strategic Framework used to evaluate the Strategic Options of an organisation: • S = Suitability • A = Acceptability • Fe = Feasibility Johnson et al. (2008) By: Oguchi Martins Egbujor 46
  • 47. SAFe Criteria Suitability assesses: • the Opportunities • The Constraints Acceptability uses the ‘3Rs’ to asses: • The Risk • The returns • The Reactions from Stakeholders Feasibility assesses organisational capability using: • The Resources • The Competences By: Oguchi Martins Egbujor 47
  • 48. By: Oguchi Martins Egbujor 48 Strategic Position External PESTEL Diamond 5 Forces OT Internal SW Strategic Choices Cost/Differentiation/Focus Ansoff Matrix Bowman’s Strategic Clock Vertical/Horizontal Integration Strategic Evaluation and Selection Suitability Feasibility Acceptability Financial Risk/Return Reactions Stakeholders expectations • Expansion • £5m Profit • Latest Technology • Machinery • Manpower • Loyal Customer • Market Leader Identify relevant points only SAFe Analysis Johnson et al., 2008 Organisational Capability/ Competitive Advantage
  • 49. WORKING WITH OTHERS Working with others requires practical as well as personal skills. The advantages of working collaboratively with others include learning and sharing skills, knowledge, understanding and experiences with other people within a team or group. By: Oguchi Martins Egbujor 49
  • 50. Team A team is a small number of people, with complementary skills, who are committed to a common purpose, performance goals, and approach for which they are mutually accountable. (Katzenbach and Smith, 1993) Oguchi Martins Egbujor 50
  • 51. Group Group can be defined as two or more individuals engaged in some social interaction, for the purpose of achieving some goal or goals. Joan Walton (2002) Oguchi Martins Egbujor 51
  • 52. What Is A Team A team is a group of people, usually two or more, working together to achieve a common goal. When a team is performing at its best, you'll usually find that each team member has clear responsibilities. Belbin defined a team role as "a tendency to behave, contribute and interrelate with others in a particular way" A team may be performing different roles that underlie team success. By: Oguchi Martins Egbujor 52
  • 53. What Is A Group Group is a collection of individuals that come together to achieve a stated objective. In a business context, a working group might involve people from different divisions or even companies that are collaborating on a project that requires their particular expertise or time. Group members share beliefs, principles, and standards about areas of common interest and they come together to work on common tasks for agreed purposes and outcomes. For a group to achieve a common goal and share responsibility and accountability, it has to work as a team. By: Oguchi Martins Egbujor 53
  • 54. Teamwork Group • Group works independently • People are told what the organisational objectives are • People are given individual roles to play • In a group, people are individually responsible and accountable for the role they play • In group, individuals accomplish a set target using their own skill and ability Team • Works collaboratively • Work with shared objectives • Using their pool of skills and abilities to contribute to the achievement of organisational objectives • Team is collectively responsible and accountable to the objectives • Team has complementary skills with shared vision Oguchi Martins Egbujor 54
  • 55. Types of Teams • Problem-Solving Team • Self-Managed Teams • Cross-Functional Team • Virtual Team • Project Team • Management Team • Parallel Team • Strategic Team Oguchi Martins Egbujor 55
  • 56. Characteristics of Effective Team • Share Vision • Shared Objectives • Committed to common goal • Shared Responsibility • Share Accountability • Effective Communication • Complementary Skills • Team spirit By: Oguchi Martins Egbujor 56
  • 57. By: Oguchi Martins Egbujor 57 Strategic Team Provides leadership and direction Management Team Provides day-to-day leadership and manage different functional units Operational Team Delivers products to customers and manages quality, customer services, etc. Cross-Functional Team Cross-functional team is involves people from more than one department with different job roles working together to achieve a common purpose. Project Team Works to complete a defined project Support Team Provides technical support: IT, finance, Human Resources , general office management, administrative support Temporary team Works on short-term project, one-off Virtual Team Group of individuals working in different areas and times, united by information technology to achieve a common goal Types of Teams Explained
  • 58. Types of Teams Problem-Solving Team • I a group of workers, usually in the same department , who meet regularly to discuss ways of improving the quality, efficiency and the work environment to assess the resources needed to accomplish their task Self-Managed Team • A small group of work team who takes the initiatives and responsibilities of organising and managing their work without (less) supervision. This is usually a group of professionals who are skilful and experienced in what they do. Oguchi Martins Egbujor 58
  • 59. Types of Teams Cross-Functional Team • This is a group of workers who are usually of same grade or hierarchy, from different work areas or departments, who come or are put together to accomplish a task, eg. Task force, committee, etc Virtual Team • This is a team of workers in various locations , who are inter-connected by the use of computer and other communication technology to work together to achieve a common purpose. Oguchi Martins Egbujor 59
  • 60. Team Development • Undeveloped Team • Experimenting Team • Consolidating Team • Matured Team (Woodcock, M., 1979) Oguchi Martins Egbujor 60
  • 61. Belbin Team Role Action Orientated Cerebral Role People Orientated Shaper Plant Co-ordinator Completer/ Monitor Resource Finisher Evaluator Investigator Implementer pecialist Team Worker Oguchi Martins Egbujor 61
  • 62. Team-Role Descriptions PLANT Contribution • Creative • Imaginative • Unorthodox • Solving difficult problems (Dr Meredith Belbin, 2003) Allowance Weakness • Ignores Incidents • Too pre-occupied to communicate effectively Oguchi Martins Egbujor 62
  • 63. Team-Role Descriptions RESOURCE INVESTIGATOR Contribution • Extrovert • Enthusiastic • Communicative • Explores opportunities • Develops contacts Allowance Weakness • Over-optimistic • Loses interest once initial enthusiasm has passed Oguchi Martins Egbujor 63
  • 64. Team-Role Descriptions CO-ORDINATOR Contribution • Mature • Confident • A good chairperson • Clarifies goals • Promotes decision- making • Delegates well Allowance Weakness • Can be seen as manipulative • Offloads personal work Oguchi Martins Egbujor 64
  • 65. Team-Role Descriptions SHAPER Contribution • Challenging • Dynamic • Thrives on pressure • The drive and courage to overcome obstacles Weakness • Prone to provocation • Offends people’s feelings Oguchi Martins Egbujor 65
  • 66. Team-Role Description MONITOR EVALUATOR Contribution • Sober • Strategic and discerning • Sees all options • Judges accurately Allowance Weakness • Lacks drive and ability to inspire others Oguchi Martins Egbujor 66
  • 67. Team-Role Description TEAM-WORKER Contribution • Co-operative • Mild • Perceptive/diplomatic • Listens • Builds • Averts friction Allowance Weakness  Indecisive in crunch situations Oguchi Martins Egbujor 67
  • 68. Team-Role Description IMPLEMENTER Contribution • Discipline • Reliable • Conservative/efficient • Turns ideas into practical actions Weakness • Somewhat inflexible • Slow to respond to new possibilities Oguchi Martins Egbujor 68
  • 69. Team-Role Description COMPLETE FINISHER Contribution • Painstaking • Conscientious • Anxious • Searches out errors and omissions • Delivers on time Weakness • Inclined to worry unduly • Reluctant to delegate Oguchi Martins Egbujor 69
  • 70. Team-Role Description SPECIALIST Contribution • Single-minded • Self-Starter • Dedicated • Provides knowledge and skills in rare supply Allowance Weakness • Contributes on only a narrow front • Dwells on technicalities Oguchi Martins Egbujor 70
  • 71. APPROACHES FOR EFFECTIVE TEAM WORKING • Good communication and inclusivity • Common goal set by team • Hold each other to account • Clarity of roles • Strategic direction • Clear and agreed decision making • Learning together in a team • Manage conflict and dissent • Shared knowledge, skills and vision • Complementing each other • Co-operation and collaboration • Collective responsibility Oguchi Martins Egbujor 71
  • 72. Working Relationship • Team building • Constructive Feedbacks • Share values, vision, objectives • Shared responsibility and accountability • Monitoring and assessing performance • Collectivism and collaboration • Line and channel of communication • Disciplinary and grievance procedures • Managing conflict Oguchi Martins Egbujor 72
  • 73. Effective Working Relationship • Share vision, values, goals and objectives • Clear expectations of each other • Trust, commitment and respect • Effective communication • Listening and resolving conflict • Recognising and managing emotion • Giving and receiving feedbacks • Openness and ability to understand others • Contributing to team development Oguchi Martins Egbujor 73
  • 74. Assignment: Required Frameworks Entering a new geographical market • By Acquisition or Merger • Use ANSOF Matrix • 5Forces • SWOT and PESTLE • Generic Strategy • Value Chain Analysis • VRIO Matrix • SAFe Framework By: Oguchi Martins Egbujor 74
  • 75. Business Diversification • Merger • Alliance • Acquisition By: Oguchi Martins Egbujor 75
  • 77. Vertical and Horizontal Integration Forward Backward By: Oguchi Martins Egbujor 77 V Vertical HorizontalHorizontal
  • 78. Horizontal and Vertical Integration • https://www.youtube.com/watch?v=uOO4ClV Urkw By: Oguchi Martins Egbujor 78
  • 79. Business Expansion Vertical Integration (Different Businesses) (Raw material/Manufacturer/Distributor/Retailer) • Forward integration (Manufacturer buys a distributor) • Backward integration (Retailer buys a wholesaler) Horizontal Integration (Same Businesses) • Manufacturer buys competing manufacturer • Wholesaler buys competing wholesaler By: Oguchi Martins Egbujor 79
  • 80. Leadership Leadership is an art of directing people to willingly achieve common objectives for the interest of all. Oguchi Martins Egbujor 80
  • 81. Leadership Leadership is the art of getting someone else to do something you want done because he wants to do it. (Dwight D. Eisenhower) Oguchi Martins Egbujor 81
  • 82. Leadership Leadership is lifting a person's vision to higher sights, the raising of a person's performance to a higher standard, the building of a personality beyond its normal limitations. (Peter F. Drucker, 1967) Oguchi Martins Egbujor 82
  • 83. Leadership Theories • Great Man Theory • Trait Theory • Behavioural Theory • Situational Theory • Contingency Theory • Functional Theory • Transactional Theory • Transformational Theories Oguchi Martins Egbujor 83
  • 84. Leadership Theories Great Man Trait • Behavioural • Leaders were born with innate qualities, destined to lead (prince, princess) • Leaders possess qualities associated with leadership (tall, short) • Leadership is learnable as people develop leadership qualities over a period of time (education and training) Oguchi Martins Egbujor 84
  • 85. Leadership Theories Situation Leadership Contingency Theory • Leadership styles depend on the specific situation in which leadership is required. • Leadership style is dependent on the situational variables to fit the specific circumstances Oguchi Martins Egbujor 85
  • 86. Leadership Theories (McGregor Burns, 1978/2008) Transactional Leadership Transformational Leadership • This is the contractual relationship between a leader and the followers which rewards good behaviour and punishes bad behaviour. • Leadership by example that encourages unity of purpose, motivation, collectivity, cooperation Oguchi Martins Egbujor 86
  • 87. Functional Theory Functional leadership theory is a particularly useful theory for addressing specific leadership behaviours expected to contribute to organisational or team effectiveness and cohesion. (Hackman & Wageman, 2005) (Hackman & Walton, 1986) Oguchi Martins Egbujor 87
  • 88. Leadership Styles Democracy/ (Transformational) Autocracy/ (Transactional) Laissez-faire • Leadership of getting other people involved in the decision make for collective responsibility. • Leadership of telling, commanding and controlling people • This is a hands-off approach that gives people freedom to work unsupervised Oguchi Martins Egbujor 88
  • 89. Leadership And Management Management • Command and control • Preserve the system • Plan, budget and schedule • Organising and staffing • Directing and supervising • Problem solving Outcome based on: order, predictability and certainty BUT also compliance from others involved Leadership • Challenges the system • Inspires followers • Aligns constituencies • Encourages shared vision • Co-operation, collaboration and collective decision Outcome based on: change, risk taking, uncertainty BUT also commitment from others involved Oguchi Martins Egbujor 89
  • 90. Leadership Traits and Skills By Stogdill (1974) Traits • Adaptable to situations • Alert to social environment • Ambitious • Achievement oriented • Assertive • Cooperative • Decisive • Dependable • Desire to influence others • Energetic • Persistence • Self-confident • Tolerant • Responsible Skills • Clever • Intelligent • Conceptually skilful • Creative • Diplomatic • Speak fluently • Knowledgeable to task • Organised • Persuasive • Socially skilled • Inspirational By Oguchi Martins Egbujor 90
  • 91. Leadership Theories Transactional Leadership • Builds on need to get the job done and make a living • Preoccupied with position, power and control • Relies on human relations to lubricate human interactions • Focus on tactical issues • Supports/reinforces systems and structures • Focus on Reward and punishment Transformational Leadership • Builds on need for meaning • Preoccupied with purposes, values, morals and ethics • Transcends daily affairs • Focuses on long-term goals without compromising human values and principles • Focuses on mission and strategies • Identifying/developing talent Oguchi Martins Egbujor 91
  • 92. Management of Working Relationship • Influence of management style • Emotional intelligence • Organisational structure • Leadership versus management • Contingency management • Role modelling • Effective communication Oguchi Martins Egbujor 92
  • 93. Effective Working Relationship • Share vision, values, goals and objectives • Clear expectations of each other • Trust, commitment and respect • Effective communication • Listening and resolving conflict • Recognising and managing emotion • Giving and receiving feedbacks • Openness and ability to understand others • Contributing to team development Oguchi Martins Egbujor 93
  • 94. Management Approaches • Leadership Style • Motivation • Mentoring • Coaching • Training • Shadowing • Task orientation • Team orientation • Individual orientations Oguchi Martins Egbujor 94
  • 95. Leadership Models • Stogdill (1974) Leadership Traits and Skills • McGregor (1960) Theories X and Y • Blake and Mouton (1964) Managerial Grid • Fiedler Contingency Theory • Hersey-Blanchard Leader Behaviour Model • Tannenbaum & Schmidt Continuum Theory • Adair (1973) Action-Centred Leadership • Robert Greenleaf Servant leadership • Belbin (1993) Solo and Team Leader • McGregor Burns (1978) Transactional Leadership By Oguchi Martins Egbujor 95
  • 96. Adair’s Action-Centred Leadership John Adair grouped his Action-Centred Leadership model into three intertwined groups: • Task Oriented • Team Oriented • Individual Oriented By Oguchi Martins Egbujor 96
  • 97. By Oguchi Martins Egbujor 97 Individual Oriented Task Oriented Team Oriented Adair’s Action-Centred Leadership Model • Define the task • Make the plan • Allocate work and resources • Control quality and rate of work • Check performance against plan • Adjust the plan • Maintain discipline • Build team spirit • Encourage, motivate, give sense of purpose • Appoint sub-leaders • Ensure communication within group • Develop the group • Attend to personal problems • Praise individuals • Give status • Recognise and use individual ability • Develop the individual
  • 98. Continuum Leadership • Telling • Joining • Selling • Consulting • Autocratic • Democratic • Persuasive • Consultative By Oguchi Martins Egbujor 98
  • 99. The 17 School Leadership Model Hay McBer (1999) 1. Analytical thinking 2. Challenge and Support 3. Confidence 4. Developing Potential 5. Drive for Improvement 6. Holding People Accountable 7. Impact and Influence 8. Information Seeking 9. Initiative 10. Integrity 11. Personal Convictions 12. Respect for Others 13. Strategic Thinking 14. Teamworking 15. Transformational Leadership 16. Understanding the Environment 17. Understanding Others By Oguchi Martins Egbujor 99
  • 100. Leadership Development • Effective Recruitment and Selection • Identify Leadership gap • Develop Succession plan • Develop skill roadmap • Identify potential leaders in the organisation • Training, coaching, mentoring • Dev shared vision, objectives, commitment • Encourage strategic and critical thinking By Oguchi Martins Egbujor 100
  • 101. Leadership Competency SHL Model • Creative and Innovative • Creative and conceptualising • Analysing and interpreting • Leading and deciding • Adapting and coping • Supporting and cooperating • Enterprising and performing • Organising and executing • Interacting and presenting By Oguchi Martins Egbujor 101
  • 102. Behavioural Leadership Theory Peter Drucker famously stated that "management is doing things right; leadership is doing the right things." Great leaders possess dazzling social intelligence, a zest for change, and above all, vision that allows them to set their sights on the "things" that truly merit attention. Leaders are not born; they are grown (Peter Drucker, 2009) By Oguchi Martins Egbujor 102
  • 103. Change Management Change management is a systematic approach to dealing with the transition or transformation of an organization's goals, processes or technologies. The purpose of change management is to implement strategies for effecting change, controlling change and helping people to adapt to change. By: Oguchi Martins Egbujor 103
  • 104. Process of Change • Request for Change • Impact Analysis • Approve or Deny • Implement Change • Review/Report By: Oguchi Martins Egbujor 104
  • 105. Lewin’s Change Model • Unfreeze • Change • Refreeze By: Oguchi Martins Egbujor 105
  • 106. Lewin’s Change Model By: Oguchi Martins Egbujor 106 Unfreeze: Reopen the contents Change: Process Reform Amend Improve Communicate Agreed Refreeze: Re-establish Close
  • 107. Lewin’s Force Field Analysis • Enabling Factors • Disabling Factors By: Oguchi Martins Egbujor 107
  • 108. Force Field Analysis Enabling Factors • Identify all the factors that will help you to implement all the changes Disabling Factors • Identify all the factors that will hinder or obstruct you from implementing all the changes that you want to accomplish By: Oguchi Martins Egbujor 108