Strategy Flashcards
Design school
(Mintzberg)
Strategy development through achievement of a fit between internal strenghts and weaknesses and external threats and opportunities
Mision
Overriding purpose, in line with values and expectations of stakeholders
Vision
Desired future state
Unique resources and core competences
Resources, processes, or skills which provide competitive advantage and value to clients
Strategic tools
Instruments, techniques and methods that support strategic management and which are used for problem solutions and decision making
PESTEL analysis
Identifying key relevant drivers of change
Political, economic, social-cultural, technical, environmental, legal factors
Scenario analysis
Identifying possible future states
SWOT analysis
Strenghts, Weaknesses, Opportunities, Threats
Used to access position of an organization and inform strategic decision-making
Stakeholder mapping
(Scholes)
Identifying and analyzing various stakeholders involved,
level of interest and power
External appraisal
(Mintzberg)
Nature of company’s environment
Internal appraisal
Identifying corporate comepetences and resources
Managerial values
(Mintzberg)
Beliefs and preferences of those who formally lead the organization
Design school
Social responsibilities
(Mintzberg)
Ethnics of the society in which the organization is embedded
Design school
