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1、1: Introducing StrategyLearning outcomesSummarise the strategy of an organisation in a strategy statement.Identify key issues for an organisations strategy according to the Exploring Strategy model.Distinguish between corporate, business and operational strategies.Understand how different people con
2、tribute to strategy at work.Appreciate the contributions of different academic disciplines and theoretical lenses to practical strategy analysis.Definitions of strategy (1).the determination of the long-run goals and objectives of an enterprise and the adoption of courses of action and the allocatio
3、n of resource necessary for carrying out these goalsAlfred ChandlerCompetitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of valueMichael PorterSources:A.D. Chandler, Strategy and Structure: Chapters in the History of Ameri
4、can Enterprise, MIT Press, 1963, p. 13M.E. Porter, What is strategy?, Harvard Business Review, 1996, NovemberDecember,p. 60Definitions of strategy (2).a pattern in a stream of decisionsHenry Mintzberg.the long-term direction of an organisationExploring StrategySources:H. Mintzberg, Tracking Strategy
5、: Toward a General Theory, Oxford University Press, 2007, p. 3Strategic decisionsThree horizons for strategy (1)Horizon 1 : Extend and defend core business.Horizon 2 : Build emerging businesses.Horizon 3 : Create viable options.Three horizons for strategy (2)Figure 1.2 Three horizons for strategySou
6、rce: M. Baghai, S. Coley and D. While, The Alchemy of Growth, 2000, Texere Publishers: Figure 1.1, p. 5StakeholdersStakeholders are those individuals or groups that depend on an organisation to fulfil their own goals and on whom, in turn, the organisation depends.Levels of strategy (1)Operational st
7、rategyBusiness-level strategyCorporate-level strategyNews Corporation diversifying from print journalism into social networking.Website and marketing improvements at My Space to attract more users.MySpace engineers increasing processingCapacity.Levels of strategy (2)Corporate-Level Strategy is conce
8、rned with the overall purpose and scope of an organisation and how to add value to business units.Business-Level Strategy is concerned with the way a business seeks to compete successfully in its particular market.Operational Level Strategy is concerned with how different parts of the organisation d
9、eliver the strategy in terms of managing resources, processes and people.Strategy statementsStrategy statements should have three main themes: the fundamental goals that the organisation seeks, which draw on the stated mission, vision and objectivesthe scope or domain of the organisations activities
10、and the particular advantages or capabilities it has to deliver all these.Working with strategy (1)All managers are concerned with strategy:Top managers frequently formulate and control strategy but may also involve others in the process.Middle and lower level managers have to meet strategic objecti
11、ves and deal with constraints.All managers have to communicate strategy to their teams.All managers can contribute to the formation of strategy through ideas and feedback.Working with strategy (2)Organisations may also use strategy specialists:Many large organisations have in-house strategic plannin
12、g or analyst roles.Strategy consultants can be engaged from one of many general management consulting firms (e.g. Accenture, IBM Consulting, PwC).There are a growing number of specialist strategy consulting firms (e.g. McKinsey &Co, The Boston Consulting Group).Strategys three branches (1)CONTEXT in
13、ternal and external.CONTENT strategic options.PROCESS formation and implementation.Strategys three branches (2)Figure 1.3 Strategys three branchesThe exploring strategy modelFigure 1.4 The Exploring Strategy ModelStrategic position (1)The strategic position is concerned with the impact on strategy o
14、f the external environment, the organisations strategic capability (resources and competences), the organisations goals and the organisations culture.Strategic position (2)The Strategic PositionEnvironmentCulturePurposeCapabilityStrategic position (3)Fundamental questions for Strategic Position: Wha
15、t are the environmental opportunities and threats? What are the organisations strengths and weaknesses? What is the basic purpose of the organisation? How does culture shape strategy?Strategic choices (1)Strategic choices involve the options for strategy in terms of both the directions in which stra
16、tegy might move and the methods by which strategy might be pursued.Strategic choices (2) Strategic ChoicesBusiness-levelInnovationInternationalCorporate-levelAcquisitions & Alliances Strategic choices (3)Fundamental questions for Strategic Choice: How should business units compete? Which businesses
17、to include in the portfolio? Where should the organisation competeinternationally? Is the organisation innovating appropriately? Should the organisation buy other companies, form alliances or go it alone?Strategy in action (1)Strategy in action is about how strategies are formed and how they are imp
18、lemented.The emphasis is on the practicalities of managing.Strategy in action (2) Strategy in Action ProcessesChangingEvaluatingOrganisingPracticeStrategy in action (3)Fundamental questions for Strategy in Action Which strategies are suitable, acceptable and feasible? What kind of strategy-making pr
19、ocess is needed? What are the required organisation structures and systems? How should the organisation manage necessary changes? Who should do what in the strategy process?Exploring strategy in different contextsThe Exploring Strategy Model can be applied in many contexts.In each context the balanc
20、e of strategic issues differs:Small Businesses (e.g. Purpose and Growth issues)Multinational Corporations (e.g. Geographical Scope and Structure/Control issues)Public Sector Organisations (e.g. Service/Quality and Managing Change issues)Not For Profit Organisations (e.g. Purpose and Funding issues)T
21、he strategy lenses (1)The strategy lenses are ways of looking at strategy issues differently in order to generate many insights. Looking at problems in different ways will raise new issues and new solutions.The strategy lenses (2)Strategy can be seen as:DesignExperienceVariety (Ideas)DiscourseStrate
22、gy as design Figure C.i Design lensStrategy as experience Figure C.ii Experience lensStrategy as varietyFigure C.iii Variety lensStrategy as discourseFigure C.iv Adaptive tensionThe strategy lenses summaryTable C.ii A summary of the strategy lensesChapter summary (1)Strategy is the long-term directi
23、on of an organisation. A strategy statement should cover the goals of an organisation, the scope of the organisations activities and the advantages or capabilities the organisation brings to these goals and activities.Corporate-level strategy is concerned with an organisations overall scope; business-level strategy is concerned with how to compete; and opera
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