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North Western State University

North Western State University. Student Coaching Slides. Stakeholders in NWSU’s Environment. Primary Stakeholders Groups, organizations, and individuals who are DIRECTLY affected by, or have a DIRECT effect on, NWSU. Who are the primary stakeholders in this case? Secondary Stakeholders

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North Western State University

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  1. North Western State University Student Coaching Slides Created on: 09/17/2005 Updated on: 9-13-2008.

  2. Stakeholders in NWSU’s Environment • Primary Stakeholders • Groups, organizations, and individuals who are DIRECTLY affected by, or have a DIRECT effect on, NWSU. • Who are the primary stakeholders in this case? • Secondary Stakeholders • Groups, organizations, and individuals who are INDIRECTLY affected by NWSU’s actions. • Who are the secondary stakeholder in this case? Created on: 09/17/2005 Updated on: 9-20-2005.

  3. Changes in NWSU’s Environment • External Changes • What changes in the external environment have had an effect on NWSU? • Internal Changes • What changes in the internal environment have had an effect on NWSU? Created on: 09/17/2005 Updated on: 9-20-2005.

  4. What is Strategy? • Strategy is a pattern of actions designed to achieve a certain goal. • A firm is acting strategically when its actions: • Are purposeful • Move the firm toward long-term goal achievement Created on: 09/17/2005 Updated on: 9-20-2005.

  5. What is Strategic Thinking? • Strategic Thinking - Five Characteristics • Systems Perspective - see the big picture • Sense of Direction or Destiny - view of the future • Openness to new experience • Deal with the gap between current reality and intent for the future • Using facts in creative and critical thinking Created on: 09/17/2005 Updated on: 9-20-2005.

  6. Strategic Thinking & Success • Successful strategic thinking results from: • Choosing goals that are consistent with the environment • Making sure that the competencies (strengths), internal structures and activities of the firm are consistent with selected goals Created on: 09/17/2005 Updated on: 9-20-2005.

  7. Why Fit Goals to the Environment? • Survival of the firm depends on resources • Resources come from stakeholders • Stakeholders place demands on the firm • Competitors vie for the same resources • Failure to meet stakeholder demands endangers the firm’s survival • A good “fit” - chosen goals designed to meet stakeholder demands better than other firms Created on: 09/17/2005 Updated on: 9-20-2005.

  8. Why Fit Goals to Competencies, Structures and Activities? • All firms possess strengths - “core competencies” • Best chance of achieving goals occurs when a firm “plays to its strengths” • Firms also have many internal parts (structures) which undertake activities to achieve goals • A good “fit” ensures that internal parts/activities work together to support the firms strategic goals Created on: 09/17/2005 Updated on: 9-20-2005.

  9. NWSU’s Planning Process • Does the process reflect sound strategy? • Recommendations for improving the process? Created on: 09/17/2005 Updated on: 9-20-2005.

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