June 2022 Flashcards
VMOS
Vision, mission, objectives, strategy
Johnson et al model of strategic planning
analysis - choice - implementation - control
What is the 5 x 5 risk matrix?
[standard]
Name four common business risks
- strategy
- operational
- market
- human
Goldsmith and Clutterbuck’s theory of strong culture
Leadership Alignment: Effective leaders must align their behaviors and strategies with the organization’s cultural values.
Employee Engagement: A strong culture engages employees, fosters commitment, and drives performance.
Change and Adaptability: A strong culture should be flexible enough to adapt to changes and support continuous improvement.
Kotter and Haskett theory on culture
Adaptive Cultures: Cultures that are able to adapt to changes in the market and environment tend to perform better.
Cultural Strength: Strong cultures provide a competitive advantage by promoting shared values and consistent behaviors.
Performance Link: There is a significant correlation between strong, adaptive cultures and long-term financial performance.
Name the 6 aspects of Johnson’s cultural web
- stories
- symbols
- power structures
- organisational structures
- control systems
- rituals and routines
Grinyer and Spender “Forces of Culture”
Stories: Narratives about the organization that convey values and norms.
Rituals and Routines: Daily behaviors and practices that reinforce the culture.
Symbols: Visual representations of the organization, including logos, office layouts, and dress codes.
Organizational Structure: The hierarchy, roles, and relationships within the organization.
Control Systems: Formal and informal ways of monitoring and guiding employee behavior.
Power Structures: The distribution of power within the organization, including key decision-makers and influencers.
Handy’s cultural types
- power
- role
- task
- person
Outline Porter’s diamond model of international business
- firm strategy, structure and rivalry
- demand conditions
- related and supporting industries
- factor conditions
What are Porter’s general strategies?
Cost Leadership
Differentiation
Focus
Lewin’s force field analysis
- Define the Change Goal
-Identify Driving Forces - Identify Restraining Forces
- Analyze the Forces
- Develop Strategies
- Implement and Monitor
What are the five stages of grief
denial, anger, bargaining, depression, acceptance
Kotter management of change
- sense of urgency
- set up leading team
- create vision
- communicate vision
- remove obstacles
- create short-term wins
- implement and consolidate
- institutionalise change
What is the SAFe framework?
- Suitable
- Acceptable
- Feasible
