Strategic Intent – Article Summary By Gary Hamel and C.K. Prahalad Primary Information This article serves a purpose to illustrate some of the flaws that are currently used by western organizations in regards to strategic planning. In this article we see are shown the detriment of the methods in practice at the time of the article‚ and examples of alternative strategic approaches in use by Japanese firms which have allowed them to have sustained success. Strategic Intent and Characteristics
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A strategic group is a concept used in strategic management that groups companies within an industry that have similar business models or similar combinations of strategies. For example‚ the fast-food industry can be portrayed as consisting of several strategic groups. The number of groups within an industry and their composition depends on what dimensions you use to define the groups. Strategists often use a two dimensional grid to display the position of each company along to the two most important
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“Notable Quotes” "Like a product or service‚ the planning process it self must be managed and shaped‚ if it is to serve executives as a vehicle for strategic decision-making." —Robert Lenz "The difference between now and five years ago is that information systems had limited function. You weren’t betting your company on it. Now you are." —William Gruber "Weak leadership can wreck the soundest strategy." —Sun Tzu "A firm that continues to employ a previously successful strategy eventually
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define the strategic plan and identify the critical information that must be defined and analyzed by management. It will then discuss the importance of a solid strategic management plan. Lastly‚ it will define the four functions of management and explain how they are relative to creating and implementing a strategic management plan. Strategic Plan John A. Pearce II and Richard B. Robinson‚ Jr. authors of the book Strategic Management Formulation‚ Implementation‚ and Control define strategic management
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Siddhartha Chitla STRATEGIC SOURCING OPERATIONAL MANAGEMANT CONTENTS ABSTRACT 3 Introduction 3 OBJECTIVES 4 METHODOLOGY OF STUDY 5 ISSUE AND DISCUSSION 5 CONCLUSION 9 LIMITATION 10 1. Loss Of Managerial Control 10 2. Hidden Costs 10 3. Threat to Security and Confidentiality 10 4. Quality Problems 10 5. Tied to the Financial Well-Being of Another Company 11 REFERENCE 11 ABSTRACT Strategic sourcing is critical for firms practicing the principles of supply
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2011 Strategic Thinking Article Summary In the article “Enhancing that ability to think strategically: A learning model”‚ the authors shows that: Studies have recognized the absence of strategic thinking as a major lack in organizations performances (Casey;Goldman‚2010) and that strategic thinking is an activity stipulated to benefit organizations (Casey;Goldman‚2010). The purpose of the article is to bring awareness and to gain understanding of the development of strategic thinking to
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Centre Section A PARTNERSHIP STRATEGY 1. Background .............................................................................................1 2. Why we need partnerships: an historical perspective..............................2 3. Goal and Strategic Objectives..................................................................5 4. Partnership categories .............................................................................7 5. Operationalizing the Partnership Strategy .................
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Strategic Relationships •The formation of strategic relationships among suppliers‚ producers‚ distribution channel organizations and customers (intermediate customers and end users). •The goal may be gaining access to markets‚ enhancing value offerings‚ reducing the risks caused by rapid environmental change‚ sharing complementary skills‚ acquiring new knowledge‚ building assigned close relationships with major customers‚ or obtaining resources beyond those available to a single company. •Strategic
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Strategic management is the comprehensive collection of ongoing activities and processes that organizations use to systematically coordinate and align resources and actions with mission‚ vision and strategy throughout an organization. Strategic management activities transform the static plan into a system that provides strategic performance feedback to decision making and enables the plan to evolve and grow as requirements and other circumstances change. What Are the Steps in Strategic Planning
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Power of Strategic Costing: Uncover Your Competitors ’ and Suppliers ’ Costs‚ AMACOM. Cooper‚ R. & Slagmulder‚ R. 1999‚ Supply Chain Development for the Lean Enterprise: Interorganizational Cost Management‚ Productivity Press. Hicks‚ D. T. 1999‚ Activity-Based Costing: Making It Work for Small and Mid-Sized Companies‚ New York: John Wiley & Sons. Lee‚ A. & Ke‚ K.‚ 2004‚ Managerial Control Systems: A Strategic Perspective‚ McGraw-Hill‚ New York. Shank‚ J. K. & Vijay‚ G.. 1993‚ Strategic Cost Management
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