Strategy - Strategic analysis techniques - Planned and emergent strategy processes
7 important questions on Strategy - Strategic analysis techniques - Planned and emergent strategy processes
What is the difference between emergent and planned strategy?
Why does a planned strategy fails in a dynamic environment?
Wherefore is the SWOT analysis?
Internal
- Strengths: resources, capabilities
- Weaknesses: limitations of organization, lack of resources
- Opportunities
- Threats: events outside the organization's control in the competitive environment
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What may be the effects of a SWOT analysis?
- Positioning a company so that its capabilities provide the best defence against competitive forces
- Influencing the balance of forces through strategic moves
- Exploit industry change
How does a planned strategy approach assists a firm?
- Be conscious of trends
- Prepare for changing future
- A focus on the longer term
- Ensure coherence in objectives and actions
What is a disadvantage of the planned approach?
For what reasons are the topmanagers unable to formulare the strategic starting points?
- External environment is too complex and too rapidly changing to understand
- It is impossible for top managers to know exactly what goes on inside their company
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