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.