MGCR 423 Lecture Notes - Lecture 14: Bargaining Power, Value Chain, Collectively Exhaustive Events
23 Jan 2018
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What is strategy: (cid:862)a (cid:373)ethod or pla(cid:374) (cid:272)hose(cid:374) to (cid:271)ri(cid:374)g a(cid:271)out a desired future, su(cid:272)h as a(cid:272)hieve(cid:373)e(cid:374)t of a goal or solutio(cid:374) to a pro(cid:271)le(cid:373)(cid:863) Business dictionary. com: getting from point a to point b, never a straight line, multiple strategies happening at same time. Different type of strategy: corporate level, business unit, function strategies, departments, individuals. Tools and techniques can be applied to all scopes. Strategic planning processes: top-down vs. bottom up. Bottom up: lower level employees make decisions. Leverage information in the organization but someone needs to make decisions: structured vs. unstructured. When you need a lot of flexibility. Why do plans fail: lack of buy-in is the big one. Structured analysis and communication: communicate it to your stakeholders. Minto pyramid principle: reinforced by supporting facts. Scqa: framing introduction, and then analysis that supports the answers, answers supported by the minto pyramid. Messages need to be clear and targeted: conclusion in title, should be statement.
