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Strategy-Decision, without a Strategy, Dimensions,

Tactic is significant oppur, competitive advantage,


new economic marketImportant role in
SustainbilityStrategic Thinking- Critical
requbusiness process, Poorly, Breaktrhough, Creative
& Mind expanding pro, deals with hypothesis
generating, Strategy driven by Perception of issues &
themes, Favorable positionEvalun of ST- Capital
needs, Procedures are develop to forecast revenue
costs and capital needs, short term we ignored
Operating Performance. Issue-based planning is
Effective Team BrainstormingCorporate S Planning-
Strategic Planning has to do with Acceptability of
Plan & Dynamic of organi. Team or Organis needs
Shared Vision,Vision&Misson Stat provide clarity
with issues of Governance. Strategic Objectives-
Objectives are Interlocking Network, Challenging &
Attainable, Top-down-decides on financial objectives
& KRA, Bottom-top true for knowledge base, Result
& Activity oriented.Lack of Clarity Objective
Redundant

StratManag- Ongoing process, Bundle of Decison ,


Strategic Intent gives picture &Succinctly Conveyas
sense of wants to achieve long term Strategy & Tech-
Flexible, Segment Banking Product, Complex Owner,
Pyramidal Str& Cross-holding amongst affiliates,
Accountability varies for an organi strategies for
other classes of
technology.BehavtowardTechnoloDecisionStrategic
Mag& Tech Inno-TSMG helps to Understand
Contradictions& assist in identify Alliance
&Acquisitions, Business need Meritocracy and High
Growth and Risk Taking ability Technology &
Innovation- Impact of Techn onBusiness is Seldom
one Dimensional& not on Individual firm,
Disappearance of Indus- Tech Chan, Technology &
Innovation process adds Value to BussTechnology
Innovation Syst- Often focus on System Dynamics,
Institutional Structu are Core at Inno Syst. Tech
Structure- Consists of Artifacts & Tech
infrasturStructure involvesElements, Acquisition fail
to achiv objective resulted in poor perfbecau of
improimple
Preservation of Tacit knowl, Employees & Literature
always Delicate during &After acquisition.Managing
Tech Inno- As Technology Changes Tools of
Management must change. Range of Tools & Issues
must examine broad. Firm will determine Scale of
Product wants to offer,Key decision is to seek mange
Technology, Fostering Creativity essential to
managing innovation.Innovation involves Discovery
& Development of new producStrategy &
Innovation- Tight linkage between Strategy &
Innovation is part of Master Plan, Innovation is
Driver Change&most fundamentally important
driver of Strategy, Organization first access
Knowledge & Skill level Accepting failure id and
inevitable part of Learning process send positive
message to employees. Strategy
Formulation-Formulation of Strategy facilitates
number of actions. Formulation allows firm to plan
Capital Budgeting, Ideas and Practice emerges from
Collaborative Contacts between organization,
Hiring&Retaining Human resource role,
Generic Strategies- Differentiation Cause Brand
RivalSuccessful Differentiation create lines of
defense against 5 competitive forces. Focused
Strategist be- aware of event that could impact target
market, Strategy involves a Trade off between
Profitability & Sales Volume.

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