Ch 6 Planning Strategy Flashcards
Types of strategic approaches to planning
Resource approach
Position-based approach
Emergent (results in small shifts in enviro) are used to
Resolve or correct weaknesses
Exploit opportunities
Counter apparent threats
Formal plans of action
Response to particular events
Routine strategic plannkng
Plans associated with decisive event
Record of incremental changes and emergent strategy
Stages of planning
Identify existing scope Define goals Collect relevant data and predict diture Analyze data of internal resourcss Analyze data of environment Design strategy Implement
a Sour Grapes DeFinitely AADs Issues
Types of goals
Financial Market Ethical Political Cultural
GOALS–Mary poppins eats cold fruit
Strategic planning based on resources (types of resources)
Tangible (finance, materials, plant, tech)
Intangible (reputation, patent, skills)
Systems (structure, formal and informal systems to plan, resolve dispute, communicate, and motivate)
Position based factors to analyze
Competitors (new entrants, substitutes)
Customers (bargaining power)
Suppliers
Government
4 product types
Stars–high growth, high market share
Cash cows–high market shares, low growth
Dogs–low market share, low growth
Question marks–aka problem child–low market share, high growth in market
Formal strategic planning in Anglo companies
Direct Deliberate Rational Tolerant of competition and conflict Tolerant of radical change Long term Bureaucratic
Implications for holding people accountable for change efforts
Improved performance measurement systems
Changes in incentive pay, promotion, bonus systems
Forms of resistance
Criticism Malicious compliance Sabotage Silence Forms of resistance--SMaCS
Reasons for resistance to change
Fear
Misunderstanding
Cynicism
Resistance
–FuC’M
