Professional Documents
Culture Documents
Strategy Formulation and Implementation
Strategy Formulation and Implementation
Strategy Formulation and Implementation
Implementation
Chapter 8
Strategic Planning
and lifestyles
Manager’s Challenge: Nintendo
Strategic Management
– Definition
– Components
– Model of Strategic Management Process
– Models of Strategy Formation
strategies
product/advertising
strategies
Export
Strategy Multi-domestic Strategy
•Domestically focused • Handles markets
independently for each
•Exports a few country
domestically produced
products to selected • Adapts product/advertising
countries to local tastes and needs
Low
Low Need for National Responsiveness High
Copyright © 2005 by South-Western, a division of Thomson Learning. All rights reserved.
11
Global Strategy
Business-Level Strategy:
How do we compete?
Functional-Level Strategy:
How do we support the business-level
strategy?
Mix of business
units and product
lines that fit
together in a
logical way to
provide synergy
and competitive
advantage
Source: Based on Michael E. Porter, Competitive Strategy: Techniques for Analyzing Industries and Competitors (New York: Free Press, 1980).
Mergers
Joint Ventures
Strategic
Alliances
Strategic Business Partnering
Low High
Degree of Collaboration
Copyright © 2005 by South-Western, a division of Thomson Learning. All rights reserved.
21
Implementing Strategy Tools
Leadership
Structural design
Information and control systems
Human resources
Structural Design
Organization Chart Human Resources
Teams Recruitment/selection
Strategy Transfers/promotions Performance
Centralization
Decentralization, Training
Facilities, task design Layoffs/recalls