CstM 301 - Management & Organizationstrategy & strategic management

strategy & competition…

1. competitive advantage

2. sustainable competitive advantage

3. strategy

4. strategic intent

levels of strategies…

1. corporate-level

2. business-level

3. functional

strategic management process…

analysis of mission & stakeholders…

analysis of core values…

analysis of objectives…

• profitability• financial health• cost efficiency• customer service• product quality• market share• human talent• innovation• social responsibility

swot analysis…

five forces analysis…

five forces (cont’d)…

do either of these look familiar?

formulation & planning…

risky venture - star or divested ?

ensure cashflow or liquidate

rapid growth & expansion

milk to finance stars or ?

corporate level strategies…

• growth strategy

• concentration

• diversification

• vertical integration

corporate level strategies…

• restructuring strategy

• chapter 11 bankruptcy

• liquidation

• downsizing

• divestiture

• turnaround

corporate level strategies…

• cooperative strategy

• strategic alliance

• co-opetition• similar to joint ventures

business level strategies…

• competitive strategy

• differentiation

• cost leadership

• focused differentiation

• focused cost leadership

strategy implementation…• management is key• even the best laid plans of mice & men

often go astray…

• resultant failure of strategy• failure of substance• failure of process• lack of participation error

• goal displacement

• strategic control

strategic leadership…

• responsibilities• guardian of trade-offs

• create a sense of urgency

• ensure understanding

• teach