Managing Organizational Change This chapter will focus on the roles of power, leadership, organizational culture, and attitudes toward innovation as they relate to strategic planning and management. The importance of lead- ership, the roles of top management and the board of directors, values and culture, and organiza- tional change all affect the quality of strategic […]
Managing Organizational Change Read More »
Which of them are important, and which have you never thought about until now? Discussion Questions 1. Who are the stakeholders in your life? Which of them are important, and which have you never thought about until now? 2. Who are the stakeholders in a politician’s life? Do you believe that the most important stake-
Which of them are important, and which have you never thought about until now? Read More »
Importance of Stakeholders Creditors Creditors are another form of stakeholder. These are banks, other financial institutions, or individ- uals that loan the company money. If the company does not repay its loans as agreed, it may find it difficult to continue getting new loans when it needs capital and could damage its credit rating, thus
Importance of Stakeholders Read More »
Does such a business model have anything to do with strategy? Prior to Dell’s 1985 debut, businesses buying computers for their employees relied on a system in which they purchased a large number of identical computers at a generous discount. Dell provided a fresh option to corporations, in which employees could personalize their computer orders
Does such a business model have anything to do with strategy? Read More »
On the face of it, one might conclude that no strategic planning is taking place. Would you agree? Operational decisions are not made during the strategic-planning process, but subsequent to it. The reason is that operational decisions and plans flow from the strategic decisions made, and so the latter must precede the former. Operational decisions
What are the risks of forming a strategic alliance with a foreign company? Discussion Questions 1. What are the risks of forming a strategic alliance with a foreign company? Consider things like selling through a distributor based in a particular country, outsourcing to a factory in a particular country, a cross-distribution alliance, and so forth.
What are the risks of forming a strategic alliance with a foreign company? Read More »
The Strategic-Planning Process and Strategic Decision Making the company continues to exist. In some cases, however, it does get “folded into” the acquiring company and for all intents and purposes disappears. The reasons for selling a company may include an owner wanting to cash out and retire or receiving an offer that is simply too
The Strategic-Planning Process and Strategic Decision Read More »
What Is Strategy? imitating it. If all department stores improved their customer service to the level of Nordstrom’s, would customers still make a point of shopping there? Curiously, though it isn’t rocket science, no other department store has been able to match Nordstrom’s customer service for a long time and diminish its brand. Low-Cost Leadership
How can companies strategic-planning process take into account very rapid changes in its environment? Discussion Questions 1. Discuss elements in your own life that have changed faster than you would have imagined. How did the changes happen? 2. What things can or do you buy now that did not exist five years ago? Three years
What Is Success? participants cite the use of Twitter and Facebook, tools that did not exist even five years before, with facilitating the wave of revolutions. Political upheavals, even in distant parts of the world, can bring both threats such as the disruption of oil supplies and the rise in the price of gasoline in