Internal Assessment Flashcards
“The devt of conclusions on the 20 most important org strengths and weaknesses can be…a difficult task, when it involves managers representing various org interests and POVs….”
William King
internal audit is more important; “In a world where customer preferences are volatile, the identity of customers is changing… an externally focused foundation does not provide a secure foundation for formulating long-term strategy.”
Robert Grant
3 Categories of Internal Resources
physical, human, organizational
empirical indicators
rare, hard to imitate, difficult to substitute
Culture can inhibit strat mgt in 2 ways: managers are blinded by strong beliefs and so miss the significance of external conditions; the natural response is to stick with a strategy when it has been effective in the past, even during times of major strategic change
Lorsch
“Culture provides an explanation for the insuperable difficulties a firm encounters when it attempts to shift its strategic direction…”
Allarie and Firsirotu
5 Functions of Management
planning, organizing, motivating, staffing, controlling
Benefits of Planning
- take opportunities and minimize threats
- develop synergy
- allows firms to adapt to changing markets
3 sequential activities in Organizing
work specialization
departmentalization
delegating authority
manufacturing of pins story
Adam Smith
4 major components of Motivating
leadership
group dynamics
communication
organizational change
Kirkpatrick and Locke’s 6 Characteristics of Good Leaders
knowledge of business, honesty, integrity, cognitive ability, self-confidence, drive
“Weak leadership can wreck the soundest strategy”
Sun Tzu
“Leadership is not a magnetic personalitg. … Leadership isnthe lifting of a person’s vision to higher sights…”
Drucker
“…the best leaders today do not function like generals”; span of influence rather than span of control
Frank Guglielmo, The Social Leader
