MGAD40H3 Chapter Notes - Chapter 2: Deferral, Functional Skills Qualification, Performance Measurement

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yellowwasp29

20 Apr 2011

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Corporate strategy: the way that a firm attempts to maximize the value of the resources it controls. The focus is on where corporate resources will be invested. Business strategy: how to compete in defined product markets. Before managers develop specific business strategies, they must analyze and understand: the competitive market dynamics in their industry. Relating the internal strengths and weaknesses of the firm to external opportunities and threats in the marketplace: their own firm"s resources and capabilities. Five forces: the five forces analysis provides a useful framework and checklist for analyzing the competitive dynamics of any given industry. The five forces that determine the degree and nature of competition are: customers, suppliers, substitute products, new entrants, competitive rivalry. Assets: a resource, owned or controlled by the entity, the bank, and inventory. Resource: a strength of the business embodied in the tangible or intangible assets that are tied semi permanently to the firm.

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1. What is business strategy and how is it defined? (You willneed to access
this answer from an outside source)

2. When it comes to Business strategy we often use an acronym SCAas an end
state to our strategy. What does SCA stand for and how do weestablish it?

3. What are the common steps companies take when formulating abusiness
strategy? In other words, list the steps.

4. What are the business levels companies address when formulatingstrategy and
what are some common strategies at each level? (Please use theClass Notes to answer this question and not the textbook).

5. Please describe functional strategies according to yourconcentration. For
example, Marketing, Accounting, Finance, Human Resources orManagement and
Information Systems, please research and describe functionalstrategies you
will soon be responsible for at the departmental level.

coppercattle499

It is important for a firm to understand the different strategy's that have for the various activities involved in the business. There are separate strategies of a firm from a corporate level that differ from a strategy at the business level. I agree this is a crucial step in the process to ensure a good transition M&A activity. Where do you like most companies fail in the execution of this step?

ceruleancricket357

You have been hired as a consultant to the Walt Disney Company. The Board of Directors has asked you to give your evaluation of Disneyâs diversification strategy. Specifically, the board is interested in your opinion of the competitive strength of the business units, their strategic and resource fit, and the portfolio management strategies that you recommend to improve Disneyâs financial performance. Prepare a 3-5 page report (minimum 1200 words) detailing your analysis and your recommendations

MGAD40H3 Chapter Notes - Chapter 2: Deferral, Functional Skills Qualification, Performance Measurement

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