STRATEGY

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Mind Map by dulcearely.93, updated more than 1 year ago
dulcearely.93
Created by dulcearely.93 about 6 years ago
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Description

Strategy is an indispensable element for business to get success

Resource summary

STRATEGY
  1. great work of organization
    1. no
      1. plan or program
      2. Coherence and directions
        1. Actions and decisions
          1. strategy as a coordinating device
            1. as target
          2. a pattern
          3. Success
            1. Ability to respond to events
              1. flexibility and clarity
                1. Lady Gaga
                  1. setbacks
                  2. Queen Elizabeth II
                    1. difficulties and tragedies
                2. succesful strategy
                  1. clear
                    1. consistent
                      1. long term goals
                        1. understand competitive environment
                          1. appraisal of resources
                          2. The firm
                            1. Goal and values
                              1. Resources and capabilities
                                1. Structure and systems
                                2. Industry environment
                                  1. Competitors
                                    1. Customers
                                      1. Suppliers
                                      2. Strategy fit
                                        1. internal consistency
                                          1. elements of a firm's strategy
                                          2. contingency theory
                                            1. no single best way of managing
                                          3. Greek
                                            1. strategia
                                              1. generalship
                                            2. means to achieve objectives
                                              1. assist affective management of organizations
                                              2. decision making
                                                1. heuristic
                                                  1. different individuals to be pooled
                                                    1. analytic tools
                                                    2. where we find it?
                                                      1. heads of managers
                                                        1. speeches & written documents
                                                          1. decisions
                                                          2. strategic choices
                                                            1. where to compete?
                                                              1. How to compete
                                                              2. business strategy
                                                                1. How the firm competes with a particular industry
                                                                2. competing for today & for tomorrow
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