Top Down Strategy (Pros and Cons)

wightrose
Mind Map by wightrose, updated more than 1 year ago
wightrose
Created by wightrose almost 5 years ago
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CIMA Management level Project & Relationship Management (Strategy) Mind Map on Top Down Strategy (Pros and Cons), created by wightrose on 04/26/2015.
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Resource summary

Top Down Strategy (Pros and Cons)
1 Advantages
1.1 Avoids short-term behaviours
1.2 Helps identify strategic issues
1.3 Gives goal congruence
1.4 Improves stakeholder perception
1.5 Provides basis for strategic control
1.6 Develops future management potential
2 Disadvantages
2.1 Too infrequent, business cannot be dynamic
2.2 Prevents radical or innovative strategies
2.3 Harder to implement as non-participative
2.4 Loss of entrepreneurial spirit
2.5 Expensive and complicated for small businesses
2.6 Impossible to use in uncertain environments
3 Strategy & small businesses
3.1 Birely (1982)
3.1.1 Internal stakeholder interests
3.1.1.1 Owner managed, family shareholders
3.1.2 Limited market choice
3.1.2.1 Fewer products/services, narrower range of strategic options
3.1.3 Limited resources
3.1.3.1 Insufficient capital to pursue strategy
3.1.4 Organisational strcuture
3.1.4.1 No infrastrcuture or management skills to deliver strategy
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