Strategic Dissonance

Question 1

Strategic inflection point (SIP)

Answer 1

Describes the industry dynamics giving way into another; replacement of existing technology by another

Question 2

Strategic recognition

Answer 2

Capacity of top managers to recognize the strategic importance of managerial initiatives after they come about but before unequivocal environmental feedback is available

Question 3

3 stages strategic recognition occurs

Answer 3

1. Recognizing growing divergence between what company puts forth as strategy and actions taken by managers
2. Is it a SIP?
3. Forecast emerging strategic picture and create new strategic approach

Question 4

5 forces that shape company evolution

Answer 4

1. 5 competitive forces
2. Distinctive competence- develop advantage and survive
3. Corporate strategy- top management’s beliefs about current and future success
4. Strategic action- what company does
5. Internal selection environment- comprises administrative elements (resource allocation rules) and cultural elements (internal communication). Center of all forces