Chpt 1 part 2 Strategic Management

Question 1

Johson & Scholes - Critical Success Factors

Answer 1

Outperform competitors

Resources/areas/value to customer

Question 2

Porter - Generic Strategies (3)

Answer 2

Cost Leader
Differentiation
Niche or Focus (can be diff/leader)

Question 3

Strategic Implementation

Answer 3

Need Champion
Milestones
Internal/external communication

Question 4

Mintzberg Emergent strategy

Answer 4

patterns of behaviour

Question 5

Mintzberg organigram

Answer 5

Strategic apex
middle line
operational core
support staff 
Technosturcture

Question 6

Positioning view

Answer 6

competitive advantage - position: customers, competitors, stakeholders

Question 7

Resource-based view

Answer 7

one or more unique competencies

Question 8

Dynamic - Internal organisation capabilities (6)

Answer 8

1) Innovation
2) Efficient process
3) Speed - decision making
4) Agility
5) Knowledge management
6) Learn from experiences

Question 9

Bowman’s Strategic clock (8)

Answer 9

1) Low price - low value
2) Low Price (cost leader)
3) Hybrid
4) differentiation
5) Focused differentiation
6) Risky, high margins
7) Monopoly
8) Loss of market share

Question 10

Mintzberg’s strategic safari (10)

Answer 10

1) Design
2) Planning
3) Positioning
4) Environmental
5) Cognitive
6) Entrepreneurial
7) Power
8) Culture
9) Learning
10) Configuration

Question 11

Strategy Level

Answer 11

LT planning, focus external factors - overall vision: who sell to/where/what?

Question 12

Management Level control

Answer 12

Tactical - what we need to achieve goals - set strategy is tactical as details of plan to achieve goals.