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8 Cards in this Set
- Front
- Back
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Strategic Intent
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Focuses and applies organizational energies on a unifying and compelling goal.
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Operating Objectives
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Specific Results that organizations try to accomplish, shorter term.
Include: Profitability, market share, human talent, financial health, cost efficiency, product quality, innovation, social responsibility. |
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Growth Strategies.
-Concentration -Diversification -Vertical Integration |
Involves expansion of the organizations current operations.
-Concentration = Within the same business area (McDonalds, Starbucks) -Diversification = Expansion through acquisition of or investment in new and different areas of business +related = tropicana by pepsico +unrelated = drinks and fries -Vertical Integration = Acquiring suppliers or distributors. +eg - mcdonalds owns potato farms |
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Restructuring
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Reduces scale and or mix of operations, consolidate and gain short term efficiencies and taking time to craft new strategies to improve future
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Retrenchment Restructuring Strategy
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Changes current operations to correct weaknesses.
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Liquidation Restructuring Strategy
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Most extreme, business ceases and sells assets to pay off creditors.
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Downsizing Restructuring Strategy
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Decreases size of operations - reduced costs and improved efficiency
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Divestiture Restructuring Strategy
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Sells off parts of the organization to refocus attention on core business areas - applied when business is over-diversified and too complex
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