Professional Documents
Culture Documents
MANAGEMENT
CONTENT:
STRATEGIC CHOICE: Traditional approach, Strategic alternatives,
various models- BCG,GE nine cell matrix , Hofers Model,
Stricklands Grand strategy Selection Matrix, SWOT analysis and
its impact.
Basis of choice: Strategic choice- Michael Porters approach:
Model, Generic competitive strategies, Cost advantage,
Differentiation, Technology and Competitive advantage.
Strategic Choice: Coevolving, Patching, Strategy as simple rules.
4. Internal consistency.
Strategic Alternatives
Defensive approach.
Creative approach.
Outsourcing.
Entrepreneurial approach.
Inside out planning.
Integrated approach.
Key-factor approach.
QUSTION MARK
???
CASH COW
DOG
INVEST TO BUILD
BUILD
SELECTIVELY
BUILD
SELECTIVELY
SELECTIVELY
MANAGE
HARVEST
PROTECT AND
REFOCUS
MANAGE FOR
EARNINGS
DIVEST
SWOT ANALYSIS
Strengths: attributes of the organization
that are helpful to achieving the objective.
Weaknesses: attributes of the organization
that are harmful to achieving the objective.
Opportunities: external conditions that are
helpful to achieving the objective.
Threats: external conditions which could
do damage to the business's performance
CONTINUING-SWOT
HOFERS MODEL
Strategic management model, incorporating both planning and
control functions.
Their model consists of several basic steps:
(1) goal formulation,
(2) environmental analysis,
(3) strategy formulation,
(4) strategy evaluation,
(5) strategy implementation, and
(6) strategic control.
According to Hofer, the formulation portion of strategic management
consists of at least three sub processes:
- environmental analysis,
- resources analysis,
- and value analysis
BASIC of Choice:
STRATEGIC CHOICE
Michael Porters Model.
PORTERS FIVE FORCES MODEL:
Competitive Environment
Threat of Substitutes
Bargaining Power of Suppliers
Bargaining Power of Buyers
Threat of New Entrants
Threat of Substitutes
Competitive threat of substitutes is
stronger when they are:
Readily available
Attractively priced
Believed to have comparable or better
performance features
Customer switching costs are low
Competitor Analysis
Gathering data
Analyzing data
Competitor array
Relative cost Competitor profiling
Value chain analysis
Benchmarking and Value chain reconfiguration
Competitive behavior analysis
Environmental Analysis
External Environment
General - PEST
Competitive Porters 5 Forces
Internal Environment
Strength and Weakness Analysis
Value Chain Analysis
Technology
Product innovations,
Process innovations,
R&D.
Production systems.
TOYOTA VISION
The force behind the emergence of Toyota Motor's rise is TOYOTA
PRODUCTION SYSTEM(TPS). Toyota implemented the paint and
body shops. The commercial sustainability sometimes expressed
doubts about these changes these systems for the future
perspectives and long term vision. Toyota is a Japanese car
manufacturer which provides these systems for the future
perspectives and long term vision. Toyota is a Japanese car
manufacturer which provides TPS, which further adopted by various
United states and UK companies. The main reason for the
implication of changes to retain workers in the assembly and final
assembly lines because most of the work was done manually like
the press, the paint and body shops. The commercial sustainability
sometimes expressed doubts about these changes
Coevolving
Combining strategic management, innovation management and
organizational ecology theories, we try to review and explain the
development of product innovation or process innovation
through/among two or more firms.
The two factors such as:
INTRA ORGANIZATION
INTER ORGANIZATION
plays an important role in the coevolving factor.
documented
Clear guidance
Repeatable
Proactive
Integrated
Reduce risk
Reduce
operating costs
Increase productivity
Increase security
Increase quality
People
Security
Awareness
Enablers / Contributors
Compliance