MHR 849 Chapter Notes - Chapter 1: Strategic Planning, Strategic Management, Incrementalism

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emeralddonkey1

18 Sep 2012

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Strategy: the formulation of organizational missions, goals, objectives, and action plans. Plan: an intended course of action a firm has selected to deal with a situation. Purpose: a consistent stream of actions that sometimes are the result of deliberate plan and sometimes the result of emergent actions based on reactions to environmental changes or shifting of assumptions. Ploy: a specific manoeuvre at the tactical level with a short time horizon. Position: the location of an organization relative to its competitors and other environmental factors. Perspective: the gestalt or personality of the organization. Planning for long term future is difficult many planner look at relatively shorter period of time (3 to 5 years) Strategic planning must be viewed as dynamic process, moving, shifting and evolving as conditions warrant changes. Logical incrementalism: process of subtly redirecting strategy to accommodate these changes. Emergent strategy: the plan that changes incrementally due to environmental changes.

Related Questions

Which of the following is not true about strategy and/or strategic management?

a. The strategic leader's perspective ought to be the holistic consideration of the business and its environment.

b. Strategic management encompasses all the functional areas of business.

c. In business, the strategy requires a big-picture perspective.

d. Strategies sometimes emerge from bottom-up processes.

e. A good leader can afford to devise a strategy in isolation from the lower-level leaders who are responsible for executing it

emeraldmammoth893

A number of principles related to strategic planning such as organizational structure, mission and vision. Name an organizationâs mission statement. Name an organizationâs vision statement. Where does nursing services fit within an organizational structure? (Hint: review a current organizational chart.) From your perspective, how does the organizational structure and the mission and vision statement provide strategic direction for the organization?

salmonrabbit236

Select an organization that missed a threat or opportunity in its macro environment and research what happened.

What did the organization miss in its macro environment? Discuss the strategic implications of this omission. Did rivals or other organizations in other industries also miss the signs of this pending threat or opportunity?

Take on the role of the CEO and suggest a strategic tool or process that this organization could use to avoid similar situations in the future.

{Provide a company that has missed the boat as far as where the market is headed a company like Blockbuster, Dell, Kodak that have been phased out by their competition.

MHR 849 Chapter Notes - Chapter 1: Strategic Planning, Strategic Management, Incrementalism

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