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21download_doc-4.php - J370 Session 3 Are You Sure You Have...

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J370 Session 3 Are You Sure You Have a Strategy? Mission and Objectives Class Session #3 – Tuesday, September 8 Dr. Siri A. Terjesen Administration Quiz was due today (before class) – don’t miss the next one (due Session 6, September 17 th by 9am) BONUS - Guest speaker: John Wisneski, Kelley School of Business (J411); formerly Senior Manager, Accenture – will speak about management consulting as a career and answer your questions Next class: Dr. Toyah Miller (J370 partner), maybe John Wisneski (Tuesday) Are You Sure you Have a Strategy? “Strategy has become a catchall term used to mean whatever one wants it to mean… When executives call everything strategy, and end up with a collection of strategies, they create confusion and undermine their own credibility. They especially reveal that they don’t really have an integrated conception of the business.” Key Takeaways: Are you sure you have a strategy? Most strategic plans address 1-2 elements The 5 elements: Require choice, preparation and investment Must be aligned and support each other Once in place, can focus on implementation Let’s go to Sweden… IKEA Vision & Business Idea: “At IKEA our vision is to create a better everyday
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This note was uploaded on 04/18/2011 for the course BUS 370 taught by Professor Camp during the Fall '09 term at Indiana.

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21download_doc-4.php - J370 Session 3 Are You Sure You Have...

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