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9 Cards in this Set
- Front
- Back
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Strategy Analysis Steps |
1. Identify Strategy 2. Appraise Performance 3. Diagnose Performance 4. Industry Analysis 5. Resource and Capabilities 7. Formulate Strategy 8. Implement Strategy |
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Essay Structure |
1. Outline the firms strategy by using theories/concepts/frameworks 2. Changes to the strategy and why its changed? 2. Changes to the strategy and why its changed?3. Assess the effectiveness of the strategy, benefits/drawbacks. (financially, competitive advantage) 3. Assess the effectiveness of the strategy, benefits/drawbacks. (financially, competitive advantage) |
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1. Identify the current Strategy concepts |
- Classical Economic Perspective - Bowman's Clock - Strategic Group Analysis
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2. Appraise Performance? |
- Profit or loss? - Market Share? - Share price?
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3. Diagnose Performance? |
Performance appropriate given the enviroment? |
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4. Industry Analysis concepts |
- Five forces - Value Net - ESTEMPLE
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5. Analysis of Resources and Capabilities concepts |
- VRIO (Barney) - 7s Frame work (Mckinsy) - Ambidexterity, exploititave or explorative?
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6. Formulating strategy Criteria |
1. Should they carry on? Or are there areas to improve on? 2. External, internal and dynamic consistency? |
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7. Implementing Strategy Steps |
BARRIERS
- Lewin change model (blue arrows) - Kotters Change management - Wit and Meyer change table. Attitudes vs Consequences of change |
