Strategy management 1st edition 2025 Best question and guaranteed answers

Strategy management 1st edition 2025


Strategy management 1st edition 2025
Best question and guaranteed answers




STRATEGY - PORTER
- ✔✔"deliberately choosing a different set of activities to deliver a unique mix of value"


STRATEGY
- Mintzberg - ✔✔"a pattern in a stream of decisions"




STATEMENT OF VALUES
- ✔✔Communicate the underlying and enduring core principles that guide an organization’s
strategy; these do not change with circumstances


STATEMENT OF OBJECTIVES

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, Strategy management 1st edition 2025


- ✔✔Communicate the specific outcomes that are to be achieved (often in financial terms or 'triple
bottom line' - economic, social and environmental objectives)


STRATEGY STATEMENT
- ✔✔3 main themes:
1) Fundamental goals (reflect stated mission, vision and objectives)
2) Scope of organization’s activities
3) Particular advantages or capabilities it has to deliver all of these


3 LEVELS OF STRATEGY
- ✔✔1. Corporate - overall scope of organization and how value is added to constituent business
units
2. Business - the way a business seeks to compete successfully in its particular market
3. Functional - how different parts of the organization deliver the strategy effectively in terms of
managing resources, processes and people.


STRATEGIC POSITION
- ✔✔Concerned with the impact on strategy of:
- Macro-environment
- Industry environment
- Organization’s strategic capability
- Organization’s stakeholders
- Organization’s culture




STRATEGY - CHANDLER



pg. 2