GMS 200 Lecture Notes - Lecture 7: Incrementalism, Cost Leadership, Infomediary

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Vikraman Baskaran

Document Summary

Few players not directly competing against each other. Involves assessing existing strategies, organizations, and environment to develop new strategies and strategic plans capable of delivering future competitive advantage (strategic management process chart) The process of allocating resources and putting strategies into action. All organizations and management systems must be mobilized to support and reinforce the accomplishments of strategies. Create strategic plans to accomplish purpose and objectives. Evaluate results; change strategic plans and/or implementation process as necessary. An important test of the mission is how well it serves the organizations stakeholders (how external stakeholders can be valued as strategic constituencies of organizations chart) Strengths, weaknesses, opportunities, threats (swot) analysis (swot chart) Customers (porter"s model of 5 strategic forces affecting industry competition chart) Strategic forces to be examined in concluding a industry analysis: Substitutes (3 levels of strategy in organizations chart) Seek an increase in size and the expansion of current operations. Readjusting operations when an organization is in trouble.