Iridium[1]

Iridium[1] - The Rise and Fall of Iridium Oct. 10 No class...

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Unformatted text preview: The Rise and Fall of Iridium Oct. 10 No class Time off to prepare for mini- presentations. Corporate Strategy Recap Firm Economic Profits ( 29 Industry-Level Sources Firm-Level Sources Industry Structure Competitive Positioning Resources & Capabilities Corporate Strategy Strategy Implementation Corp Social Responsibility Issues in Corporate Strategy l Deciding on the business mix l Which businesses should we be in? l Vertical integration l How much of the value chain should we own? l Horizontal diversification l In which business areas should we be active? l horizontal diversification vs. consolidation l Related vs. unrelated diversification l Modes of diversification l Should we develop internally (expand) or externally (acquire)? l With whom should we partner or purchase? Firm scope how to diversify? l Internal development l start up new business inside firm l speed = slow; control = high l can leverage existing capabilities l can slowly develop new capabilities l Mergers & acquisitions l i.e., purchase, merger l speed = fast; control = lower l can access other firms capabilities l can be costly (winners curse, overconfidence, integration) l Alliances & Joint Ventures offer mix of both Strategic Alliances l Pros: l Speed (vs. acquisition or internal expansion) l Access to partners resources and capabilities l Reduction of competition l Low-cost entry into new industries and industry segments l Cons: l Loss of control; must share decision making l Potential spillover of knowledge and capabilities to partner l May distract firm from developing its own capabilities l Organizational clashes may limit overall effectiveness The Rise and Fall of Iridium Learning from Iridiums Mistakes...
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This document was uploaded on 11/04/2011 for the course BUSI 471 at UNC.

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Iridium[1] - The Rise and Fall of Iridium Oct. 10 No class...

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