Professional Documents
Culture Documents
Part 7 Strategic Overview
Part 7 Strategic Overview
Part 7 Strategic Overview
introduction
1
Halan raised $120M
$33 Millions
Strategic Plan
It is all about enhancing the organizational Competitive
Advantage
introduction 6
REMEMBER
• “The essence of strategy is choosing OUT
what not to do.”
Michael Porter
introduction
(1) Plan or be Planned for
introduction 12
( 4) Good old days are not sufficient to
secure future success (Vision and mission).
introduction 13
REMEMBER
introduction
14
Strategic Thinkers
• Non- strategists: See
abnormal things as
normal.
introduction Ch 1 -15
Strategic Management – Defined
• Strategic Management is that set of managerial
decisions and actions that determines the long-run
performance of a corporation (Wheelen and
Hunger).
• It includes four stages:
– Environmental scanning.
– Strategy formulation.
– Strategy implementation.
– Strategy evaluation and control.
introduction Ch 1 -16
Four Strategic Questions
Stage Question Actions
Scanning Where are we now? • External
Assessment.
• Internal
Assessment.
Formulation Where do we want to go? VMOSA
Implementation How can we go there? Structure, Leading,
Resource
allocation, ….
Control and Are we there? KPI’s, BSC
Evaluation
introduction 17
Adapting for Changes
Enterprise Intelligence Definition:
“ the enterprise ability to initiate change ( to
unsettle competitors ) and confront changes
( initiated by competitors , regulators and
other players ) in the market environment. ”
• The main Problems :
Sustaining Innovation
Transformative Innovation