Culture and External Growth Flashcards
What are the influences on history and culture?
Historical Influences
Cultural Influences
Cultural analysis: the cultural web
The problem of strategic drift
What is path dependency?
Where early events and decisions establish ‘policy paths’ that have lasting effects on subsequent events and decisions
The four layers of culture (Outside in)
Values
Beliefs
Behaviours
Paradigm (taken for granted assumptions)
An example of paradigm
Policing is about thief taking
What is the cultural web?
Shows the behaviour, physical and symbolic manifestations of a culture that inform and are informed by the paradigm (assumptions) of an organisation
What are the 6 components of the cultural web that surround Paradigm?
Stories
Symbols
Power structures
Organisational Structures
Control systems
Rituals and routines
What is strategic drift?
The tendency for strategies to develop incrementally on the basis of historical and cultural influences, but fail to keep pace with a changing environment.
What are three strategy methods?
Organic development
Mergers and acquisitions
Strategic alliances
What is acquisition?
Achieved by purchasing the majority of shares in a target company
What is a merger?
The combination of two previously separate organisations in order to form a new company
What is the acquisition process?
Target choice -> negotiations -> integration -> results
An example of Equity Alliances
Virgin Mobile India - set up by Tata Tele and Virgin Service Group
