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Foundations of Strategy: Chapter 1

Foundations of Strategy: Chapter 1. MGT 4380-095, Group 1 Jacob felty Sabrea hebb Alexandra hill Shaady ibrahim Callie myers Colby wulf. The Role of Strategy in Success. 1) Simple, Consistent and Long Term Goals 2) Profound Understanding of the Competitive Environment

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Foundations of Strategy: Chapter 1

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  1. Foundations of Strategy: Chapter 1 MGT 4380-095, Group 1 Jacob felty Sabreahebb Alexandra hill Shaadyibrahim Callie myers Colby wulf

  2. The Role of Strategy in Success 1) Simple, Consistent and Long Term Goals 2) Profound Understanding of the Competitive Environment 3) Objective Appraisal of Resources 4) Effective Implementation

  3. Goals

  4. Competitive Environment

  5. Objective Appraisal of Resources

  6. A Brief History of Strategy

  7. Origins • Military Strategy is a Precursor to Modern Business Strategy • Three common characteristics between them

  8. Evolution of Business Strategy

  9. Social Legitimacy TOM’s shoes exemplified Corporate Social Responsibility in their Business Model “1 for 1” Strategy

  10. Strategy Today • What is Strategy? • Corporate Strategy • Business Strategy • Describing a Firm’s Strategy • Identifying a Firm’s Strategy • Statements of mission, principles (or values), vision, and strategy • Checked by questions of investments, development, and released products/projects

  11. Strategy Development • Design vs. Emergence • Intended strategy • Realized strategy • Emergent strategy • Planned Emergence

  12. Roles of Strategy • Decision Support • Coordinating Device • A Target • Animation and Coordination • In whose interests? • Stakeholder approach

  13. Whose Interests Should be Prioritized? Balancing Interests of Shareholders, Customers and Employees

  14. Profit and Purpose Most successful companies are not motivated by profits alone Becoming the best at what they do A sense of purpose is needed

  15. Corporate Social Responsibility The Property Conception vs. The Social Entity Conception VS.

  16. Discussion Questions Which companies could you think of that have a really good strategy? Bad strategy? According to Great by Choice, great leaders often emerge from extreme environments. What strategies help Target survive in its environment? In the long-run, will focusing on the social entity be enduring?

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