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What is
STRATEGY?
1. Is a long term and overall plan of action for deploying resources to establish a favorable position.
2. The word is derived from the Greek "stratégos", which refers to a military commander durgin the age of Athenian Democracy
3. Can be seen as a set of coordinated choices and actions.
LONG TERM PLAN - RESOURCES - FAVORABLE POSITION
2. STRATÉGOS - COMMANDER
3. SET OF COORDINATED
Tactic, stratgic plan and business plan
Tactic: Scheme for a specific maneuver
Strategic plan: Focus on entire organization
Business plan: focus on a particular product or service
5 P's for Stretegy
-Plan for the future
-Ploy for outmanoeuvering a competitor
-Pattern consistent pattern
-Position in the market and or competition
-Perspective from which you look at yourself and the environment
PLAN
PLOY
PATTERN
POSITION
PERSPECTIVE
To set objectives SMART
Specific
Measurable
Action oriented
Realistic and Relevant
Time based
To have a framework 7S
STRUCTURE: What structure do we need?
SYSTEM: What business system do we need to use or invent?
STRATEGY: What should we do to solve specified business problem?
SHARED VALUE: Which of hour principles help us? Why do we do what we do in the way we do it?
SKILLS: What are the specific skills that help us? Which ones to develop?
STAFF: How should we help managers in their growth?
STYLE: What leadership style and cultural qualities will help us to achieve a strategic objective?
To have a framework 7S
STRUCTURE: What structure do we need? SYSTEM: What business system do we need to use or invent? STRATEGY: What should we do to solve specified business problem? SHARED VALUE: Which of hour principles help us? Why do we do what we do in the way we do it? SKILLS: What are the specific skills that help us? Which ones to develop? STAFF: How should we help managers in their growth? STYLE: What leadership style and cultural qualities will help us to achieve a strategic objective?
Structure: HS System: HS Strategy: HS Shared values: CENTER Skills: SS Staff: SS Style: SS