Full summary of Strategic Management by prof Wim Buekens (course: only slides). The summary consists of slides to be supplemented with notes from the lesson. Full summary of Strategic Management by prof Wim Buekens (course: slides only). The summary consists of being supplemented with notes from th...
perfect addition to help study the slides. Bought it early so i could use it during class to help me understand what tf was going on. Helped me a lot!
Seller
Follow
nlvndnbrnd
Reviews received
Content preview
Strategic management defned
Business succes has two fathers:
Stategy and good luck
How & why?
Getting things done by y oeoope
Co-creaton
More ideas
Trust
Enthusiasm
Apignment: app noses in the same directon
APIC-cirpe
Analysis (=understanding)
Internap strengths & weaknesses
Your oositon
The atracttieness of your entiironment & your situaton
Acton reacton
Externap by uying by ehatiiour
Comoetton, how fast wipp I by e cooied?
Oooortunites and threats
Planning (=choice)
Mission
Business defniton
Goaps & oby jectties
Implementaton (=commit)
Acton opans
Control
,Strategy formulation: an ensemble of hard and soft information
The idea that an efecttie strategy can by e detiepooed by y someone in an itiory tower is
comopetepy outdated.
MIS = management
Hard informaton comes from MIS and is usuappy quantfed. informaton system
Soft informaton: gossio, imoressions, info from contiersatons,,
Most of the tme managers by ase their decisions uoon orap communicaton.
What makes soeaking and pistening so imoortant for managers?
The tyoe of info you get!
MIS (hard info):
Market data & anapysis
Hard info packs nuances and detaips
Networking is a tiapuaby pe info source for managers
Hard info is in se historicap and therefore ofen comes too pate
Sof info:
Gossio, imoressions, contiersatonap info
Networking is tiapuaby pe
Soecupattie
Deoends uoon the memory of oeoope
Deformaton (etien intentonappy)
The ideal strategy is by ased on by oth hard and sof informaton
A good strategy is by uipd in the mind of oeoope and is by uipt uoon thousands of smapp detaips,
Mintzberg critcises the dominant ratonapist (content) aooroach to strategy arguing that strategy
emerges (orocess):
o The fappacy of oredicton- the future is unknown
o The fappacy of detachment- imoossiby pe to ditiorce formupaton for imopementaton
o The fappacy of formapizaton- formapizaton inhiby its exiby ipity, soontaneity, intuiton and
pearning
Fappacy =
Adapt your strategy by edriegepijkheid
“if you don’t hatie a strategy you wipp by e, oart of someby ody epse’s strategy” – Aptiin Tofer
Defnition of strategic management
The meaningfup oositoning within an entiironment of a comoany, a oroduct(grouo) or a by rand
Within a wepp-defned tme soan
Diferent ways are oossiby pe
With the goal: the creaton of a sustainaby pe comoetttie adtiantage
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller nlvndnbrnd. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.77. You're not tied to anything after your purchase.
