Emergent Strategy a pattern of action that develops over time in the absence of

Emergent strategy a pattern of action that develops

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Emergent Strategy:a pattern of action that develops over time in the absence of goals or missions, or despite goals and missions.SWOT Analysis and Strategy (starting point of formulating strat) Evaluating Organizational strengths Organizational strengths:are skills and abilities enabling an organization to conceive of and implement strategies. Common organizational strengths: Are organizational capabilities possessed by numerous competing firms?Distinctive competencies:are useful for competitive advantage and superior performance. Imitation of distinctive Competencies:Sustained competitive advantage: Occurs when distinctive competence cannot be easily duplicated Is what remains after all attempts at strategic imitations ceaseStrategic imitation of a distinctive competence is difficult when: It is based on unique historical circumstances.It is difficult for competitors to understand its nature or characterIt is based on a complex phenomenon (e.g. organizational culture)Evaluating the weakness Organizational weaknesses
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Skills and capabilities that do not enable an organization to choose and implement strategies that support its mission Weaknesses can be overcome by: Investments to obtain the strengths needed. Modification of the organization’s mission so it can be accomplished with the current workforce. Completive disadvantage: Occurs when an organization fails to implement strategies being implemented by competitors.Evaluating an Organization’s Opportunities and ThreatsOrganizational opportunities: Are areas in the organization’s environment that may generate high performance Organizational threats: Area areas in the organization’s environment that make it difficult for the organization to achieve high performance. Formulating Business-level Strategies Porter’s Generic Strategiesand implementation Differentiation strategy:An organization seeks to distinguish itself from competitors through the quality of its products or services..Implement:Increase in price. Companies who take this strategy typically charge more for the EXPERIENCE. Overall cost leadership strategy: an organization attempts to gain competitive advantage by reducing its cost below the costs of competing firms. EX: Walmart. Less expensive. Implement: marketing and sales focus on simple product attributes and how these product attributes meet customer needs in a low cost and effective manner. Manufacturing typically helps with large runs of highly standardized products. Focus strategy:an organization concentrate on specific regional market, product line, or group of buyers. Chosen a niche in the market place to appeal to. Can be geographical or people. Implement:either differentiation or cost leadership, depending on which one is the proper basis for competing in or for a specific market segment, product category, or group buyers.
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