Thursday, November 8, 2007

Lecture 5b Strategic Management Process

Criteria for setting - Goals and Objectives

SMART - specific measurable achievable/attainable relevant/realistic time bound
Actually doesn't the HITT book have "acceptable" for A .. not sure ?
These must support strategic goals and show that we are adding value

Mergers and acquisition - I have seen in the software industry that it usually takes a few years to properly integrate newly acquired technology into new versions of existing products.. Sometimes there can be overlaps in product sets or tools . I have seen this over and over at my former company. With the added restriction of having to provide backward compatibility for earlier users of older technology.

Competative strategy

Corporate , Competative , Functions


Concentration, Vertical Integration ,Diversification

Market Driven (ouside-in) or resource driven (inside-out)

FIT v STRETCH
Fit : alligned with ongoing demands/constraints (tastes and constraints of environment)
Stretch: Propriortry technology, patents , inovation , repositioning


Competative Advantages - need to be sustainable over time

Edward-De-Bono lateral thinking - surpetition - not running the same race
Advice to Ford UK - buy parking lots

Joint ventures / Strategic alliances

Amazon - virtual company - all outsourced

Competative Strategy - stratagy to complete with others in the same area

product - poisitioning and differentiation

Cost leader - low end v quality

Company needs to create a value proposition - graph of car reliability v price

focused v generic - Focus on Niche

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