BU111 Lecture Notes - Lecture 3: Corporate Social Responsibility, Economic Stability

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BU111–Lecture3–CriticalSuccessFactorandEnvironmentalAnalysisModels
Continued
Environment–theworldaroundthebusiness
● Presentsopportunitiesandproblemswhichcausesthecompanytochangetheirstrategy
● Strategycanalsoaffecttheenvironmentasacompanywithabigconnectionisthefield
doessomethingcansettheenvironment
WhytouseDiamondEframework
● Assesscurrentstrategy
● Generatenewstrategicproposals
● Evaluatestrategicproposals
StrategyanditsImportance
● Thecriticallinkingvariableinthemodel
● Strategy:theplanthebusinessusestopursueopportunities&achieveCSF
○ Determinesandisdeterminedbyinternalqualities
○ Anyvariablecaneitherdriveorconstrain
PrincipalLogic–consistencyoralignment
● Consistencyinternallyleadstoperformance
● Alignmentexternallyensuresstrategyrightforthegivenenvironment
● Warning:environmentalwayschanging
HowtoexecuteDiamond–E
Firsttask:dealwithstrategy–environmentlinkage
Assessforcesatworkandtheirimplications
Adjustinternaloradjuststrategy
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