Professional Documents
Culture Documents
To accompany:
Robert M. Grant
Assisted by Kate Grant
Elements of Success
MADONNA GIAP & NORTH VIETNAMESE MILITARY Reunification of Vietnam under Communist rule. RICHARD WILLIAMS (VENUS & SERINAS DAD) Wealth & recognition
GOALS
UNDERSTANDING Identified emerging trends THE in popular culture. ENVIRONMENT Recognized power of sex. Understood showbiz distribution channels. RESOURSE APPRAISAL Recognized limited raw talent. Relied on strengths in self-promotion, imagecreation, relationship management Commitment to hard work. Disciplined, inspirational Leadership. Attention to detail.
Intimate knowledge of terrain. Careful diagnosis of Understanding U.S. political the physical and system. Psychological determinants of success in womens professional tennis Recognized economic and military weaknesses and political strengths. Systematic developed key skills and physical, mental and social attributes from an early age.
IMPLEMENTATION
EFFECTIVE IMPLEMENTATION Long-term, simple and agreed objectives Profound understanding of the competitive environment
What is Strategy?
Distinguishing strategy from tactics:
Strategy is the overall plan for deploying resources to establish a favorable position. Tactic is a scheme for a specific maneuver.
Mid-70s-mid-80s Positioning
MAIN ISSUES
Selecting sectors/markets. Positioning for leadership Industry analysis Segmentation Experience curve Portfolio analysis
Resources & Cooperative capabilities. strategy. Shareholder Complexity. value. Owning E-commerce. standards. Knowledge Management Alliances & networks Self -organiz ation & virtual organization
MANAGEMENT IMPLICATIONS
The Basic Framework Strategy: the Link between the Firm and its Environment
THE FIRM
Goals & Values Resources & Capabilities Structure & Systems STRATEGY STRATEGY
CORPORATE STRATEGY
COMPETITIVE ADVANTAGE
BUSINESS STRATEGY
INTENDED STRATEGY
REALIZED STRATEGY
Mintzbergs Critique of Formal Strategic Planning: The fallacy of prediction the future is unknown The fallacy of detachment -- impossible to divorce formulation from implementation The fallacy of formalization --inhibits flexibility, spontaneity, intuition and learning.
Strategy as Target