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MAH 501 - Lecture 03 - Strategy
MAH 501 - Lecture 03 - Strategy
MAH 501 - Lecture 03 - Strategy
Fall 2023
Course Philosophy
Theoretical
Applied
Course Content
Creative / Creativity
Strategy
(Innovation)
Focus Areas
Marketing HRM
Additional Relevance
Business
Innovation
Design Data
Thinking Analytics
What is Creativity?
https://www.youtube.com/watch?v=MTCOExd0hDk
Innovation
Innovation is in the intersection of
•Customer Desirability
•Technical Feasibility
•Commercial Viability
What is Design?
Design is a combination of
•Form
•Function
•Execution
https://www.youtube.com/watch?v=_WI3B54m6SU
Design Thinking Mindset
1. Optimism
2. Human Centered
3. Embrace Ambiguity
5. Make it
6. Iterate
7. Collaboration
Tr a d i t i o n a l T h i n k i n g Design Thinking
Thinking Doing
Logic Emotional
Standardization Humanitization
Design Thinking is 50/50 Mix
Design Thinking is combination of
Divergent and Convergent thinking process.
https://www.youtube.com/watch?v=_r0VX-aU_T8
https://www.youtube.com/watch?v=tyUw0h5i9yI
Key Aspects of Strategy
• Choices
• Long term
• Unique position
• NOT GOAL!
Corporate-Level Corporate
Managers Strategy
Two-Way Influence
Business-Level
Managers Business Strategies
Two-Way Influence
Functional
Managers Functional Strategies
Two-Way Influence
Operational
managers Operating Strategies