Professional Documents
Culture Documents
What
Is Strategy
Chapter
Title
and Why Is
It Important?
15/e PPT
McGraw-Hill/Irwin
Thinking Strategically:
The Three Big Strategic Questions
1. Whats the companys present situation?
Direction
to head
Managements
action plan to
Compete successfully
Conduct operations
1-5
1-6
Changes
Shifting
market conditions
Technological
Fresh
moves of competitors
Evolving
customer preferences
Emerging
New
breakthroughs
market opportunities
Crisis
situations
1-7
1-8
to issues of
Ethical
Does not entail actions and behaviors that cross the line
from should do to should not do and unsavory or
shady and
Allows management to fulfill its ethical duties to all
stakeholders
1-9
A Firms Ethical
Responsibilities to Its Stakeholders
Owners/shareholders Rightfully expect some form of
return on their investment
Do
Relationship Between
Strategy and Business Model
Strategy . . .
Business Model . . .
1-12
OF FIT TEST
COMPETITIVE
ADVANTAGE TEST
PERFORMANCE
TEST