SM Schools

Question 1

classify different theoretical schools according to Whittington. (4)

Answer 1

1. classical (aka design school)
2. process-based (aka emerging strategy)
3. evolutionary (most exotic)
4. systemic

Question 2

state 3 characteristics of the classical SM school.

Answer 2

1. following certain predetermined, clearly defined steps
2. guaranteed success if steps are followed
3. important scholars: Porter, Steiner, Sloan, Chandler

Question 3

state 3 characteristics of the process-based SM school.

Answer 3

1. based on a plan
2. plan is based on market signals, which change during implementation -> plan also changes
   - -> implemented strategy != intended strategy
3. important scholars: Grant, Quinn, Simon, March, Mintzberg

Question 4

state 2 characteristics of the systemic SM school.

Answer 4

1. the company is a part of a bigger system (depends on the country - politics, religion, nationalism), therefore it cannot make decisions based strictly on business info
2. more relevant in smaller economies (where everyone knows everyone)