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MGT4380 Strategic Management Creating Competitive Advantages

MGT4380 Strategic Management Creating Competitive Advantages. Introduction Prepared by Shawna Chen. STRATEGIC MANAGEMENT. What is strategy?. DEFINITIONS. Strategy is the ideas, decisions, and actions that enable a firm to succeed. TRANSLATION… PLEASE?.

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MGT4380 Strategic Management Creating Competitive Advantages

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  1. MGT4380 Strategic ManagementCreating Competitive Advantages Introduction Prepared by Shawna Chen

  2. STRATEGIC MANAGEMENT What is strategy?

  3. DEFINITIONS • Strategy is the ideas, decisions, and actions that enable a firm to succeed. MGT4380 Strategic Management

  4. TRANSLATION… PLEASE? • Strategy defines the boundary of what a company does and what it will and will not do. • What is the company’s core value? MGT4380 Strategic Management

  5. STRATEGIC MANAGEMENT What is strategic management?

  6. DEFINITIONS • Strategic Management consists of the analyses, decisions, and actions an organization undertakes in order to create and sustain competitive advantages. MGT4380 Strategic Management

  7. TRANSLATION… PLEASE? • Strategic Management is the “big picture” idea of how to run a business • What determines the total performance? • Why do some companies succeed while others fail? • How can you (the managers) do about it? MGT4380 Strategic Management

  8. THE GOLDEN TRIANGLE OF A GOOD STRATEGY Strategic Formulation & Implementation Internal Analysis External Analysis MGT4380 Strategic Management

  9. STRATEGIC MANAGEMENT Why study strategic management?

  10. COURSE DESCRITION 4380. Strategic Management (3). Prerequisite: Business students in their final semester with a C or better in BLAW 3391, ISQS 3344, FIN 3320, MKT 3350, MGT 3370, and MGT 3373. Strategy is an integrative course focusing on an organization’s pursuit of superior economic performance by deciding what business to be in and how to compete. MGT4380 Strategic Management

  11. CONGRATULATIONS! MGT4380 Strategic Management

  12. CONGRATULATIONS? MGT4380 Strategic Management

  13. WHEN IN DOUBT… #WWHD MGT4380 Strategic Management

  14. SO YOU’VE LEARNED… MGT4380 Strategic Management

  15. IT’S TIME TO PIECE THEM TOGETHER Think BIG! MGT4380 Strategic Management

  16. COURSE DESCRITION (REVISED) 4380. Strategic Management (3). Prerequisite: Business students in their final semester with a C or better in BLAW 3391, ISQS 3344, FIN 3320, MKT 3350, MGT 3370, and MGT 3373 to piece together the “big picture”. Strategy is an integrative course focusing on an organization’s pursuit of superioreconomic as well as social and environmental performance by deciding what business to be in and how to compete in the real world. MGT4380 Strategic Management

  17. STRATEGIC MANAGEMENT Learning Objectives

  18. COME UP WITH CREATIVE SOLUTIONS Bloom’s Taxonomy of Learning Domains MGT4380 Strategic Management

  19. REMEMBERING Read Ahead MGT4380 Strategic Management

  20. UNDERSTANDING Take Online Quiz before Class MGT4380 Strategic Management

  21. APPLYING Chapter Discussion MGT4380 Strategic Management

  22. ANALYZING Case Presentation MGT4380 Strategic Management

  23. EVALUATING & CREATING Final Project MGT4380 Strategic Management

  24. STRATEGIC MANAGEMENT Good Reads

  25. HBR’S 10 MUST READS ON STRATEGY • What is strategy? (1996) • The five competitive forces that shape strategy (2008) • Building your company’s vision (1996) • Reinventing your business model (2008) • Blue ocean strategy (2004) • The secrets to successful strategy execution (2008) • Using the balanced scorecard as a strategic management system (2007) • Transforming corner-office strategy into frontline action (2001) • Turning great strategy into great performance (2005) • Who has the D? How clear decision roles enhance organizational performance (2006) MGT4380 Strategic Management

  26. OTHER • Bloomberg Businessweek • Inc. • The Economist • Entrepreneur • Forbes • Fortune • McKinsey Quarterly • MIT Sloan Management Review • Harvard Business Review • Knowledge@Wharton • strategy+business • Wall Street Journal • Wired MGT4380 Strategic Management

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