05- Strategy Diamond

05- Strategy Diamond - Are you sure you have a strategy...

Info icon This preview shows pages 1–3. Sign up to view the full content.

1 1 Are you sure you have a strategy? Hambrick and Frederickson’s Strategy Diamond 2 What is Strategy? xrhombus An integrated, overarching concept of how the business will achieve its objectives xrhombus It is comprised of many elements square4 not just low prices square4 not just globalization square4 not just quality square4 not just growth square4 not just an ad campaign square4 not just a new product xrhombus Recommendations that consider not only what a company should do, but why & how 3 How Others Have Defined Strategy “Strategy is about positioning an organization for sustainable competitive advantage . It involves making choices about which industries to participate in, what products/services to offer, and how to allocate corporate resources to achieve such a sustainable advantage. And its primary goal is to create value for shareholders and other stakeholders by providing customer value.” de Kluyver, 2000 Strategic Thinking Drucker School of Mgt.
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

2 4 Strategizing is Determining HOW to: achieve our performance targets out-compete our rivals- create greater value at lower cost achieve sustained competitive advantage make our strategic vision a reality Strategy is our GAME PLAN for winning. 5 Levels of Strategy Corporate Strategy Business Strategies Functional Strategies Two-Way Influence Two-Way Influence In what industries or businesses should we compete?
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.
  • Spring '14
  • BBalevic
  • strategic vision, economic logic, Business Strategy Questions

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern