BPL 5100H Chapter Notes - Chapter 1: Strategic Management, Organizational Architecture, Ambidexterity
31 Aug 2018
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Document Summary
Process and way of thinking throughout organization. Consists of analyses, decisions, and actions an organization undertakes in order to create and sustain competitive advantages: analysis of strategic goals (vision, mission, and strategic objectives, analysis of internal and international environments of the organization. Operational effectiveness: man"s performing similar activities better than rivals. Must make clear choices about what it wants. Directs organization toward overall goals and objectives. Needs to incorporate short and long term perspectives. Ambidexterity: challenge to both align resources to take advantage of existing product markets and proactively explore new opportunities. Strategic mgt process: strategy analysis, strategy formulation, and strategy implementation. Intended strategy: strategy in which organizational decisions are determined only by analysis. Realized strategy : strategy in which organizational decisions are determined by both analysis and unforeseen environmental developments, unanticipated resource contains and/or changes in managerial preferences. Strategy analysis: study of firm"s external and internal environments and their fit w/ organizational visions and goals.
