Chapter 13, Problem 1DQ

How do strategies form in organizations? Research into the question is necessarily shaped by the underlying conception of the term. Since strategy has almost inevitably been conceived in terms of what the leaders of an organization 'plan' to do in the future, strategy formation has, not surprisingly, tended to be treated as an analytic process for establishing long-range goals and action plans for an organization; that is, as one of formulation followed by implementation. As important as this emphasis may be, we would argue that it is seriously limited, that the process needs to be viewed from a wider perspective so that the variety of ways in which strategies actually take shape can be considered. In view of the above discussion, with the use of a well labelled diagram, analyze how strategies are developed according to Henry Mintzberg.

1. Create a clear diagram of the concept of strategic management with a label. 2.Disscuss the 6 point of strategy -direction -market scope -competitive advantage -resources -environment -stakeholders 3. Why do you have to understand the different strategies in the levels of management hierarchy?

2. Identify the the different levels of management, and say which level is responsible for formulating strategic plans and explain how they can formulated and implemented.

Crafting and executing strategy are thus core management tasks. Among all the things managers do, nothing affects a company’s ultimate success or failure more fundamentally than how well its management team charts the company’s direction, develops competitively effective strategic moves, and pursues what needs to be done internally to produce good day-in, day-out strategy execution and operating excellence. Indeed, good strategy and good strategy execution are the most telling and trustworthy signs of good management. The rationale for using the twin standards of good strategy making and good strategy execution to determine whether a company is well managed is therefore compelling: The better conceived a company’s strategy and the more competently it is executed, the more likely the company will be a standout performer in the marketplace. In stark contrast, a company that lacks clear-cut direction has a flawed strategy, or can’t execute its strategy competently is a company whose…

Please answer all parts Write in a short summary about the following: 1- what is the benefit of strategy management (financial and non-financial)? 2- what is the strategic management model (formulation, implementation, and evaluation? 3- about the mission, vision and values that he gave us last class (how they are related and why do we need them) 4- About Strategic Management and stages of strategic management

Although inextricably linked, strategy implementation is fundamentally different from strategy formulation. It is always more difficult to do something than to say you are going to do it”. Discuss five (5) factors that differentiate strategy formulation from implementation.

They had begun to enter Farecom’s niche, Tom had told Jonathon, and, with their superior resources, it was just a matter of time before they would own it. “You have one responsibility as Farecom’s new director of strategy,” Tom had said to Jonathon on his first day. “That’s to put together a team of our top people, one person from each division, and have a comprehensive plan for the company’s strategic realignment up, running, and winning within six months.” Jonathon had immediately compiled a list of the senior managers from human resources, manufacturing, finance, distribution, design, and marketing, and had set a date for the first meeting. Then, drawing on his years as a consultant who had worked almost solely in team environments, Jonathon had carefully prepared a structure and guidelines for the group’s discussions, disagreements, and decisions, which he planned to propose to the members for their input before they began working together. Successful groups are part art, part…

1.In , goals set by top managers flow down through the organization and become subgoals for each organizational management by objectives B) management by observation C) traditional planning D) traditional goal setting 2.What plans are preferable when uncertainty is high in the business environment? 13) operational plans B) standing plans C) directional plans D) long- term plans 3,They should set general, but rigid plansHow can managers effectively plan when the external environment is continually changing? 14) They should discontinue formal They should continue to follow the set organizational plans as persistence will eventually pay. They should be ready to change directions if environmental warrant They should set general, but rigid 4.Williamson is the owner of a small company that sells corporate gifts through an online Business has slowed down in recent months and he realizes that the organization must move in a different direction if it is to survive. He has…

Explain the reading of "Strategic Management", Chapter 1 and Chapter 9 Kennedy B. Reed. Explain the reading of The Art of Strategy: Introduction, pp. 1-35 Hwy-Chang Moon.