Strategic Thinking in an Oligopoly Presented by: Michael Chai CA(M)‚ CPA‚ CFP‚ MCSM‚ MMIM 1 Oligopolistic concepts/issues: – Duopoly strategic interaction – Cournot Equilibrium – Kinked demand curve – Cartel instability 2 Cournot Model • Interdependence between firms • Max π given what one firm believes the other will produce • Decisions made simultaneously • Firms compete on non-price techniques • Simplest model is a duopoly 3 Numerical example – Duopoly • • • • Assume
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Case study 2 - NETFLIX 16 NOVA SOUTHEASTERN UNIVERSITY H. WAYNE HUIZENGA SCHOOL OF BUSINESS & ENTREPRENEURSHIP MGT-5090 ENTREPRENEURIAL AND STRATEGIC THINKING ASSIGNMENT FOR: MGT-5090 Entrepreneurial and Strategic Thinking SUBMITTED TO: Dr. Joel E. Rodgers SUBMITTED BY: Frank Russell (Russ) Cook DATE OF SUBMISSION: October 31‚ 2014 TITLE OF ASSIGNMENT: Case Study 2 - Netflix CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its
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the strategy arguments are based‚ like for example economy‚ biology‚ anthropology‚ philosophy and politicology. Mintzberg emphasises this broad diversity of perspectives in the current debate and has identified nine main distinct schools in strategic thinking. Three of these schools – Design‚ Planning and Positioning School - are said to be prescriptive in nature and the other six schools – Entrepreneurial‚ Cognitive‚ Learning‚ Political‚ Cultural and Environmental School - are descriptive in nature
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More and more‚ experts in the field of strategic planning and management are advocating for more attention to be paid on strategic thinking‚ and recommending for it to be considered a separate and distinct stage in the strategy planning and executing cycle. Results from the strategic thinking exercise feeds directly into creation of the strategic vision‚ which according Thompson‚ Strickland & Gamble (2008) is the first phase of a strategy-making‚ strategy executing cycle. Ingid Bonn (Bonn‚ 2001)
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Introduction Strategic Management A set of decisions and actions that result in formulation and implementation of plans designated to achieve company’s objectives (Pearce and Robinson‚ 2009:3) Strategic management involves a series of actions/ steps in which the top management analyze the current situation‚ decide on strategies‚ put them in action‚ evaluate and change as desired. It is concerned with planning and implementation Strategic management makes organizations to be proactive
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ADVANTAGES OF STRATEGIC MANAGEMENT 4 GREATEST SHORTCOMING OF STRATEGIC MANAGEMENT 5 RESPONSE TO MILTON FRIEDMAN’S ARGUMENT ON SOCIAL RESPONSIBILITES OF BUSINESS 6 CONCLUSION 8 BIBLIOGRAPHY 9 REFLECTION TEMPLATE 10 INTRODUCTION Strategic management is essential for organisations. There are a few areas that I will be analysing to highlight their effects to an organisation. Firstly I wish to discuss decision making‚ which I believe to be‚ the greatest advantage of strategic management
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GLYNDWR UNIVERSITY LONDON MASTERS IN BUSINESS ADMINISTRATION STRATEGIC THINKING AND EFFECTING CHANGE ASSIGNMENT 2 SEEMA TABLE OF CONTENTS page Introduction 3 Change Management 3 Types of Changes 3 Change Management Process to be Used in Boondocks 4 Unfreezing 5 Change 5 Refreezing 6 Barriers for Change in Boondocks 6 Types of Leadership Styles Used Conclusion and Recommendations 7 Reference List 8 Introduction It is very important for an organization to maintain
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strategy. Most text books and courses on strategic management and planning have adopted and promoted the design view of strategy. There are a number of claimed advantages of developing strategies through highly structured and formal planning systems and steps in an organisation. The main advantages are as follows: · First‚ formalised planning provides what many would term a logical and certainly a structured means of analysis and thinking about complex strategic problems. There is no doubt that strategy
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A critical consideration of the contribution of strategic management and strategic thinking processes to organisational performance. Strategic management and strategic thinking processes make a significant contribution to organisational performance. A strategy‚ according to Robbins and Barnwell (2002‚ p. 139) is “the adoption of courses of action and the allocation of resources necessary to achieve the organisation’s goals”. It is important for organisations to achieve their goals‚ as this can
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Information about Strategic Teaching‚ Strategic Learning and Thinking Skills Dr. Bob Kizlik Updated June 23‚ 2013 Teachers‚ whether brand new to the classroom‚ or veterans of many years of service‚ are always looking for ways to make what they do more effective and more efficient. That even goes for students in teacher preparation programs‚ as well it should. Efficiency is a measure of what is obtained (results) in relation to what was expended (resources). Effectiveness is a bit more elusive
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