I: Assignment for Session 6 For Dell I: Illustrate the development of one strategy cell, e.g., SO, WO, ST, or WT. Identify the relevant internal (S or W) and external (O & T) conditions State a strategy that builds on the internal and external condition Use the TOWS form & submit a copy at beginning of class. Keep a copy. Individuals: be prepared to use the value chain model and distinctive competency concepts to justify the strategy stated. Strategic Management Developing Alternative Strategies

TOWS -- Developing Alternative Strategies   STRENGTHS – S WEAKNESSES - W OPPORTUNITIES – O SO STRATEGIES WO STRATEGIES THREATS - T ST STRATEGIES WT STRATEGIES Internal External Strategic Management Developing Alternative Strategies

Checklist for alternative strategies Begins with an action verb--which helps us keep an presentfuture focus Builds on intersecting internal/external forces Applies learned concepts Is feasible and realistic Has value Will give a good return on resources invested to do it Strategic Management Developing Alternative Strategies

Developing Alternative Strategies Analysis concepts Strategy: purpose, formulation vs. implementation & elements of each; generic types Strategic Management: process & sub tasks, strategic decision making, top management’s role Hierarchy of strategy: corporate, business, functional Organizational effectiveness: goal, RB, IP, stakeholders Objectives vs. goals: criteria to distinguish; requirements of objectives Analyzing external environment: societal & task; how to do it, Porter model, Analyzing internal environment Resource-based: core & distinctive competencies, elements of sustainability Value chain Scanning internal resources: structure, functional capabilities SWOT and building a TOWS matrix of alternative strategies Corporate strategy: directional (growth, stability, retrenchment), portfolio analyis, parenting Functional strategies: outsourcing, marketing, finance, R&D, operations, HR, IT 3 tests of distinctive competency Financial performance and condition Implementing strategy: role of programs, budgets, procedures Strategic audit Strategic Management Developing Alternative Strategies

Assignment for Session 7 H&W Ch 5, Section 5.4  Business Strategies Articles on Amazon,  Costco, and Southwest Airlines Study PFS: Daisytek’s growth strategy case.  Reading Packet 1:    Study questions for class discussion What is Daisytek’s corporate strategy? What is PFS’ business strategy?  Does it differ from Daisytek’s core business strategy? What functional strategies are key to Daisytek's current or future success? Why? Quiz on the PFS case based on assignment questions is certain. Strategic Management Developing Alternative Strategies