E2 Project and Relationship MGMT Flashcards
Mintzberg’s Five Ps
Plan Pattern Ploy Position Perspective
Levels of Strategy
Corporate
Business
Operational
Emergent Strategy
Manage stability
Detect discontinuity
Manage patterns
Reconcile change and continuity
Prescriptive Schools
Design school
Planning school
Positioning school
Design School
Conception
Planning School
Formal
Positioning School
Analytical
Descriptive Schools
Environmental Cognitive Entrepreneurial Power Cultural Learning Configuration
Environment
Reactive
Cognitive
Mental
Entrepreneurial
Visionary
Power
Negotiation
Cultural
Collective
Learning
Emergent
Configuration
Transformation
Benefits of rational approach to strategy
Long term view Identifies key strategic issues Goal congruence Communicates responsibility Co-ordinates SBUs
Problems with rational approach to strategy
Not dynamic Bureaucratic and inflexible Difficulty getting participation Impossible in uncertain environments Stifles innovation and creativity Complex and costly
Objectives for Not For Profit organisations
Effectiveness
Efficiency
Economy
Porter’s three generic strategies
Cost leadership - low price
Differentiation - innovation
Focus - on small part of market
Bowman’ strategic clock
1 low price/low value 2 low price 3 hybrid 4 differentiation 5 focused differentiation 6 increased price/std product 7 high price/low value 8 low value/std price
Positioning view
“Outside in”
Resource-based view
“Inside out”
Porter’s value chain
Support activities
Firm infrastructure
Technology development
HR mgmt
Procurement
Porter’s value chain
Primary activities
Inbound logistics Operations Outbound logistics Sales & Marketing Service
PESTEL
Political Economic Social Technology Environment Legal
LoNGPEST
Local
National
Global
Porter’s five force analysis
New entrants Competitor rivalry Substitutes Power of buyers Power of suppliers
Porter’s diamond
Factor conditions
Related & supporting industries
Firm strategy, Structure & Rivalry
Demand conditions
Big Data
Characteristics
Velocity
Volume
Variety
Levels of competitors
Brand
Industry
Form
Generic
Types of power
Reward Coercive Referent Expert Legitimate
Types of authority
Charismatic
Traditional
Rational-legal
Weber
Bureaucratic Management
Specialisation
Hierarchy
Rules
Impersonality
Elton Mayo
Human Relations school
Psychological contract
Showing interest in workers
Team work increasing motivation
Good communications/relations
Frederick Herzberg
Hygiene factors
Motivating factors
Hygiene factors
Policies for staff treatment Level of supervision Pleasant working conditions Appropriate level of salary and status Team working
Motivational factors
Sense of achievement Recognition of good work Increased responsibility Career advancement Attraction of the job
Maslow
Hierarchy of needs Self fulfilment Ego Social Safety/security Basic/physiological
Douglas McGregor
Theory X - lazy
Theory Y - enjoy their work
Kurt Lewin
Leadership styles
Authoritarian
Democratic
Laissez-faire (leaves group to get on)