Summary
Summary Contemporary Strategy Analysis
- Course
- Institution
- Book
A broad summary of the book of M. Grant Contemporary Strategy Analysis
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
COMPLETE TEST BANK: SOLUTION MANUAL FOR CONTEMPORARY STRATEGY ANALYSIS, 10TH EDITION, ROBERT M. GRANT LATEST UPDATE.
-
COMPLETE TEST BANK FOR Solution Manual for Contemporary Strategy Analysis, 10th Edition, Robert M. Grant
-
FULL TEST BANK For Contemporary Strategy Analysis, 10th Edition Kindle Edition by Robert M. Grant (Author)Latest Update 2024 Graded A+.
Seller
Follow
rikstdegroot88
Content preview
Strategic ManagementContemporary Strategy Analysis
Chapter 1: The Concept of Strategy
Introduction and Objectives
We will distinguish strategy from planning. Strategy is not a detailed plan or program of
instructions; it is unifying theme that gives coherence and direction to the actions and
decisions of an individual or an organization.
The Role of Strategy in Success
While these strategies did not exist as explicit plans, to both Queen Elizabeth and Lady Gaga
we can discern a consistency of direction based upon clear goals and an ability to bend
circumstances towards their desired outcomes.
What do these two examples tell us about the characteristics of a strategy that are conducive
to success? In both stories, four common factors stand out (figure 1.1):
• Goals that are consistent and long term
• Profound understanding of the competitive environment
• Objective appraisal of resources
• Effective implementation
Strategies that build on these four elements almost always play an influential role.
They are goal focused. They know the environments within which they play and tend to be
fast learners in terms of recognizing the paths to advancement. They know themselves well in
terms of both strengths and weaknesses. Finally, they implement their career strategies with
commitment, consistency, and determination. There is a downside, focusing on a single goal
may lead to outstanding success but may be matched by dismal failure in other areas of life.
For most of us, personal fulfillment is likely to require broad-based rather than narrowly
focused goals.
The same ingredients of successful strategies – clear goals, understanding the competitive
environment, resource appraisal, and effective implementation – from the key components
of our analysis of business strategy.
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 rikstdegroot88. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.37. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82191 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now