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Le Go > Planned answer - strategy > Flashcards

Planned answer - strategy Flashcards

1
Q

Expected strategy Q - headings

A
  • Introduction
  • Strategy and its importance
  • Understanding of today point
  • Vision, future point
  • Rational strategy - Mintzberg’s 5 Ps
  • Emergent strategies
  • Conclusion
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2
Q

Expected strategy Q - strategy and its importance

A
  • Define strategy
  • Mention today and future points
  • Discuss lack of strategy previously
  • Discuss issues facing ETI and need for strategy moving forwards
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3
Q

Expected strategy Q - understanding of today point

A
  • Discuss need for understanding of today position
  • Discuss PESTEL, Porter’s 5 forces, VRIO
  • Mention business consultant for above
  • SWOT analysis
  • Mention opportunities to strengths and weaknesses to threats
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4
Q

Expected strategy Q - SWOT - 3 strengths

A

Size

Ownership/control

Business trained directors

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5
Q

Expected strategy Q - SWOT - 4 weaknesses

A

Financial position

Lack of synergy

Brand

Employee retention

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6
Q

Expected strategy Q - SWOT - 3 opportunities

A

Remote work

Electric vehicles

Strategic partnerships

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7
Q

Expected strategy Q - SWOT - 4 threats

A

Predators

Tech changes

Foreign worker difficulties

Ownership disagreements

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8
Q

Expected strategy Q - vision, future point

A
  • Discuss need for vision
  • Discuss lack of defined vision previously and likely mix of visions
  • Discuss need for new vision to be org wide
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9
Q

Expected strategy Q - Mintzberg’s 5 Ps - Plan

A
  • Discuss options put forward by external consultants
  • Discuss ‘going nuclear’
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10
Q

Expected strategy Q - Mintzberg’s 5 Ps - Pattern

A
  • Discuss pattern for past behaviours forming a sort of emergent strategy
  • Discuss avoiding past behaviour
  • Discuss building elements of past behaviour in
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11
Q

Expected strategy Q - Mintzberg’s 5 Ps - Position

A
  • Mention strategic tools used already
  • Is this the right time to consider growth strategy at all?
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12
Q

Expected strategy Q - Mintzberg’s 5 Ps - Perspective

A
  • Mention perspectives of uni professors
  • Mention customer perspective re. brand
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13
Q

Expected strategy Q - Mintzberg’s 5 Ps - Ploy

A
  • Mention focus on staff expertise
  • Mention focus on environmental issues
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14
Q

Expected strategy Q - Emergent strategies

A
  • Discuss and define
  • Discuss need for awareness and responsiveness
  • Mention combo of rational, deliberate with emergent to form realised strategy
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Le Go (19 decks)

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