NPM703 Lecture 2: NPM703 September 12th 2018 Class 2 1
Document Summary
Come talk to me if you need any accommodations. Strategic issues generally have a long-range focus and impact. Business model sustainability versus growth versus divestiture. Examines how actions and events involving top executives (such as. Steve jobs), firms (apple), and industries (the tablet market) influence a firm"s success or failure. Formal tools that exist for understanding these relationships are not enough. Creativity is just as important to strategic management. What are the forces/changes that are impacting the world; private and public sector. Hints: technology changes and climate change and . Disruptive technologies can & will change the game for businesses, creating entirely new opportunities, costs & value propositions. Continuously scan for new opportunities / challenges to existing profits centers. Adopt or use technologies to improve internal performance. Keep employees" skills up-to-date, right people on bus. Strategic management helps answer the key question: why do some firms outperform other firms? .
