TAILIEUCHUNG - Lecture Exploring management - Chapter 7: Strategy and strategic management

After reading this chapter, you should be able to answer the following questions: Identify the types of strategies used by organizations, understand how managers formulate and implement strategies. | Chapter 7 Strategy and Strategic Management Exploring Management Chapter 7 What types of strategies are used by organizations? How do managers formulate and implement strategies? Types of organizational strategies Strategy is a comprehensive plan for achieving competitive advantage Organizations use corporate, business, and functional strategies Growth strategies focus on expansion Restructuring and divestiture focus on consolidation Keep in mind that a strategy is how to achieve the objective. Many people confuse the strategy with the objective. 3 CONTINUED Types of organizational strategies Global strategies focus on international business initiatives Cooperative strategies focus on alliances and partnerships E-business strategies focus on using the Internet for business success TYPES OF STRATEGIES Competitive Advantage Strategy a comprehensive plan guiding resource allocation to achieve long-term organization goals. Strategic Intent focuses organizational energies on achieving a compelling goal. Competitive Advantage operating in successful ways that are difficult to duplicate. Information technology and the Internet make it easier to quickly duplicate a competitive advantage. 5 TYPES OF STRATEGIES Corporate Strategy Corporate Strategy Directions and guidelines for use of resources Business Strategy Identifies how a strategic business unit or division will compete in its product or service domain Functional Strategy Guides activities within one specific area of operations Strategies follow the same organizational structure as objectives 6 TYPES OF STRATEGIES Growth and Diversification Strategies Growth Strategy Expansion through current operations Concentration Expansion within an existing business area Diversification Expansion occurs by entering new business areas Vertical Integration Expansion by acquiring existing suppliers or distributors All of these are growth strategies. It’s a matter of how you plan to grow. 7 TYPES OF STRATEGIES Restructuring

• Quản trị kinh doanh
• Strategic management
• Corporate strategy
• Exploring management
• Lecture Exploring management
• Management process
• Strategic management
• Ebook Strategic management for travel and tourism
• Strategic management for travel and tourism
• Strategic choices
• Strategic implementation
• Analysis in strategic management
• Strategic alliances in the airline industry
• Lecture Strategic management
• Strategic leadership
• Analyzing strategic management cases
• Knowledge management
• Competitive advantages
• Strategic management trade offs
• Bài giảng Quản trị chiến lược
• Key terms
• Strategic thinking development progress
• Comprehensive framework
• Stages of strategic management
• Strategic actions
• Strategic competitiveness
• Strategic management process
• Sustained competitive advantage
• Internal environment analysis
• Human capital moderate the relationship
• Strategic thinking and strategic human resource management
• Human capital to enhance strategic HRM
• Effectively benefit from strategic thinking
• Significant effect on strategic HRM
• Lecture Management the new competitive landscape
• Management the new competitive landscape
• Technology strategy
• Strategic management model
• Cooperative strategy
• Strategic alliances
• Managerial labor markets
• Implementing strategy
• Strategic control
• Corporate governance
• Effective strategic leadership
• Ethical culture
• Learning organization
• Venture creation
• Corporate entrepreneurship
• Lecture Management
• The importance of strategic management
• The strategic management process
• Types of organizational strategies
• Explain why strategic management is important
• Internet strategies
• Competitor analysis
• External environmental analysis
• Business level strategy
• Competitive advantage
• Competitive dynamics
• Competitive rivalry
• Corporate level strategy
• Restructuring strategies
• Effective acquisitions
• International strategy
• International strategy lifecycle
• Managerial Ccontrol
• Organizational structure
• Functional structure
• Internal corporate venturing
• Strategic market management
• Lecture Strategic market management
• Quản lý thị trường chiến lược
• Strategic analysis
• Strategic groups