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Governance & Strategy
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What are unique resources and core competences?
What are unique resources and core competences?
Those resources activities and/or processes which critically underpin compeive advantage. They add value, help to outperform compeors, are difficult to imitate
What does the Focus Strategy entail?
What does the Focus Strategy entail?
Targets a narrow segment or domain of activity and tailors its products or services to the needs of that specific segment to the exclusion of others.
Two variants:
1: Cost focus strategy
2: Differentiation focus strategy
Successful focus strategies depend on:
1: Distinct segment needs
2: Distinct segment value chains (different chain than generic brands)
3: Viable segment economics (segments can become to small)
What styles of managing strategic change are there?
What styles of managing strategic change are there?
- Education and communication
- Participation
- Intervention/ Manipulation
- Direction (use of authority)
- Coercion/ edict (exploit use of power)
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