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6368310
Fundamental Issues in Strategy
Description
Mind Map on Fundamental Issues in Strategy, created by Richard Mejía on 16/09/2016.
Mind Map by
Richard Mejía
, updated more than 1 year ago
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Created by
Richard Mejía
over 7 years ago
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Resource summary
Fundamental Issues in Strategy
Strategic Firms
Selection of goals
Choice of products and services to offer
Design of policies
Level of scope and diversity
Organization structures
Administrative Systems
Strategic Management
Field of inquiry
Grounded in practice
Very important subject
Younger than its practice
Originated in business schools
Academic spread
Harvard pioneered
Business Policy was the subject
The course became standard
Origins
1962
Foundation
1970
Structure stablished
Studies
Connection between strategy and performance
Planning
Institute of Management Sciences
Smith, Andrews, Chandler, Ansoff, Porter
Corporate Strategy
Two aspects
Formulation
Processes themselves to formulate strategy generate assets
Implementation
Uncertainty
leads to
Tentativeness
Search
Serial trial
Economics
Initial objetives
Understand what generates efficient goods and services
Understand what determines distribution of wealth
Now led by internal logic
Organizational Sociology
Concerned with social interaction
Authority is a key source of social order
System of exchanges generates value
The fundamental questions in strategy
They act to define a field of inquiry
Why are there firms?
Why are firms different?
How do firms behave?
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