Week 6 strategic formulation and implementation Flashcards
A strategic development process is a methodical way to produce successful strategy.
What is the difference between intended and emergent strategy?
Intended strategy - deliberately planned by managers. Also called rational/analytical view or a design view.
Emergent strategy - emerges in organisations over time.
A strategic leaders personality, position or reputation can influence strategy.
What are the 4 ways strategic leadership can be manifested?
CViDS
- Command – dictated by an individual
- Vision– vision, mission, intent motivates
- Decision making – data, decisions, buy in
- Symbolic – embody strategy
What is a strategic planning system and the 4 stages in the strategic planning cycle?
GBCF
(good boys core fruit)
Systemised step by step procedures to develop an organisation’s strategy
- Guidelines – assumptions, priority, guidelines and corporate expectations
- Business level – SBU’s draw up
- Corporate level – aggregates business plans,
- Financial and strategic targets – basis for performance monitoring of businesses, sets key priorities
What are the roles strategic planning system plays in an org?
CPULC
- Co-ordinating - create overall strategy
- Psychological - engages, sense of direction for decision makers
- Understanding - means for managers to understand strategic issues
- Learning - enquiry challenges conventions
- Communicating - intended strategy, objectives & measures
What are the 5 main dangers associated with planning?
CLOAC
- Confusing a plan for strategy
- Lose touch with reality
- Ownership probs - see part not whole
- Analysis paralysis
- Constrains innovation
What is externally imposed strategy?
Where external forces dictate strategy, managers see it as intended.
Emergent strategy comes about through a series of decisions
Describe the continuum of emergent strategy (LOPP)
Seen as a continuum according to how deliberately the occur over time.
Diff explanations are: o Logical incrementalism o Org systems and routines o Political processes o Prior decision
What is logical incrementalism
Strategy by experimentation and learning. Bottom up, small steps. Features:
- General goals - encourage ideas
- Environmental scanning
- Experimentation - around a strong core business
- Coordination - draws emergent strategies together for stakeholders
How can strategy be an outcome of political processes?
WP
Def - strategies outcome of stakeholder bargaining:
2 influences
• Warring parties leads to compromise
• Powerful resist change
How can strategy be influenced by prior decisions?
MPC
Suggests prior decisions inform or constrain strategy. 3 aspects:
Managed continuity - next move in context of past move
Path dependent - moves havelasting effect
Culture - outcome of assumptions, routines, behaviours
How can strategy be the product of org systems?
MA
Strategy influence by the systems and routines lower down the org, offering:
- Make sense of issues
- A way to address those issues
What is org ambidexterity?
The ability to:
- exploit strategic capabilities for competitive advantage
- explore bases of new capability.
How can perception influence strategy development?
Perspective of level of management will make strategy development seem different to different people
Execs see intended
Middles see emergent
Fam business sees strong leader
How does context influence strategic development?
CIE
Org Characteristics and environment require different types of strategy (command, intended, emergent)
Stable + small = command type strategy
Stable + large = intended strategy
Dynamic +complex =coordinating, emergent strategy
Complex + complex -= devolved emergency strategy
How can strategy be managed?
Intended = document / processes Emergent = pattern of decisions over time
