1. Howshould a corporationattempt to achievesynergyamongfunctions and businessunits? Synergy exits for a divisional corporation if the return on investment is greater than what if the return would be if each division were an independent business.
2. Howshould an owner-manager...
controlling organizational resources.
Functions of management:
Planning: is the management function concerned with defining goals for future organizational performance and deciding on the tasks and resources needed o attain them.
Organizing: is the management function concerned with assigning tasks, grouping...
coming from the firm itself.
Phase 2: Forecast Based Planning
* As annual budgets become less useful at stimulating long term planning, managers attempt to propose 5 years plan.
* They now consider projects that may take more than one year. In addition to internal info, managers gather any available...
army on the march
➢ The nine situations
➢ Attack by fire
➢ The use of spies.
➢ What is there in these chapters that can be adapted to Business?
Sun Tzu says
¬If you know the enemy and yourself, you need not fear the result of a hundred battles.
¬If you know yourself but not the enemy...
Basic Concepts of Strategic Management
Managers attempt to deal with their changing world through 4 phases of strategic management:
I. Phases of Strategic Management
Phase 1: Basic Financial Planning
• Managers initiate serious planning when they are requested to propose next years’...
BUSINESS- MEANING & CHARACTERISTICS:
The term “Business” typically refers to the development and processing of economic values in society. Business may be defined as “the organized effort by individuals to produce goods and services, to sell these goods and services in a market place and to reap some...
marketing arrangement to utilize multiple brand names on a single product or service.
Basically, the constituent brands can assist each other to achieve their objectives. Co-branding is an increasingly
popular technique for transferring the positive associations of one company’s product or brand to...
decisions that will enable an organization to achieve its long-term objectives. It is the process of specifying the organization's mission, vision and objectives, developing policies and plans, often in terms of projects and programs, which are designed to achieve these objectives, and then allocating resources...
their industry. Competition in the business world continues to increase and many firms must operate globally just to keep pace with their competitors. At the heart of global business growth is information technology. Developments in technology have allowed corporations to increase the amount and variety...
within the firm.
Phase 2: Forecast Based Planning
• As annual budgets become less useful at stimulating long term planning, managers attempt to propose 5 years plan.
• They now consider projects that may take more than one year. In addition to internal information, managers gather...
different ideas and thoughts therefore, inevitably, conflicts arise. between the members. It can be imagined how much more intense team diversity exists within a multinational shipping corporation.
Unfortunately, conflicts, usually, make performance suffer and that is where HR management is called to try...
International Strategic Management
After studying this chapter, students should be able to:
> Characterize the challenges of international strategic management.
> Assess the basic strategic alternatives available to firms.
Master of Business Administration-MBA Semester 4
MB0052 – Strategic Management and Business Policy - 4 Credits
Assignment Set- 1 (60 Marks)
Note: Each question carries 10 Marks. Answer all the questions.
Q.1 What similarities and differences do you find in BCG business portfolio matrix...
issues IAP was facing and examine the pros and cons of different strategies the company could adopt.
IAP’s activities were organized by businessunits (countries), and each of them had a relatively high level of autonomy. Although this approach created a very entrepreneurial environment, it also...
only strategic plan required.
Often corporate level strategy is simply referred to as corporate strategy, or in unified companies the corporate business strategy.
The process that produces it is called corporate strategic planning, or sometimes simply corporate planning.
In a few situations however...
Corporate level strategy 2
Corporate composition 2
Corporate management 2
The paradox of responsiveness and synergy 3
Perspectives on corporate level strategy 4
Reading 6.1 strategy and the business portfolio 5
Chapter 7 Network level strategy 9
The paradox of competition and cooperation 11
Leading should not be considered the same as managing. Business leaders who do not understand the difference between the functions/roles of leading and managing are quite likely to misinterpret how they should carry out their duties to meet organizational goals. While some managers are high-quality leaders...