Management and Organizational Studies 3383A/B Chapter Notes - Chapter 1: Inflection Point, Incrementalism, Business Process

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 3383A/B
• Professor: Linda Eligh

Document Summary

Strategy: the formulation of organizational objectives, scopes and action plans for gaining advantage: plan for how the organisation intends to achieve its goals. Strategic intent: a tangible corporate goal; a point of view about the competitive positions a company hopes to build over a decade. Strategic planning: the systematic determination of goals and the plans to achieve them. Strategy formulation: the entire process of conceptualizing the mission of an organization, identifying the strategy and developing lt performance goals. Strategic plan: a written statement that outlines the future goals of an organization, including lt performance goals: policies: broad guidelines to action, which establish the parameter or rules. Emergent strategy: the plan that changes incrementally due to environmental changes: reactive process. Strategic inflection point (changes in technology or consumer preferences) Corporate strategy: organizational level decisions that focus on lt survival and growth: deciding to compete internationally, m&a"s, restructuring, turnaround: an attempt to increase the viability of an organization.