FINAL364

FINAL364 - Sheet1 Page 1 TOPICS ON 2ND MIDTERM: STRATEGY...

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Unformatted text preview: Sheet1 Page 1 TOPICS ON 2ND MIDTERM: STRATEGY GLOBALIZATION DECISION MAKING TEAMWORK COMMUNICATIONS LEADERSHIP MOTIVATION INNOVATION ORGANIZATIONAL CHANGE---- SCP -> Structure Conduct Performance freeconomics - ex newspaper content, cellphone usage/long distance phone calls are relatively MUCH cheaper. What is strategy? -being different, making a trade-off. a system of activities that is difficult to duplicate. Strategy is important but what is difficult and hard to imitate is the execution.ex: IDEO and its "deep dive" Strategic Planning Process -- SWOT --strategic implementation etc. TRADE-OFFS!!!: skybus - extreme low cost model look at Southwest and Virgin Atlantic. look at whole foods market, aldi whole foods trying to provide shopping experience.whole foods is therefore more expensive. aldi is very basic, and cheap. RED OCEAN VS BLUE OCEAN STRATEGY Value innovation slide. Cirque du Soleil - eliminated animals [helped cut costs, eliminated animal rights protests, govt regulations etc], eliminated star FORMAL DECISION MAKING PSYCHOLOGICAL BARRIERS:-illusion of control-framing effects-discounting the future --ex: more people die going down the mt everest because of this TEAMS and TEAMWORK-why dream teams fail ARMY CREW CASE - read read. - team work is really important, because of high team interdependence. strategy was very o High Altitude Leadership Herb Brooks ~ leadership style ~ I'll be your coach but not your friend attitude....
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This note was uploaded on 03/05/2010 for the course BMGT 364 taught by Professor -- during the Spring '10 term at UMBC.

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FINAL364 - Sheet1 Page 1 TOPICS ON 2ND MIDTERM: STRATEGY...

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