UNIT 2: HISTORICAL DEVELOPMENT OF STRATEGIC MANAGEMENT

Slides:

Advertisements

Similar presentations

MODULE 12 STRATEGIC MANAGEMENT “Insights and hard work deliver results” What types of strategies are used by organizations? How are strategies formulated.

Advertisements

NBS Strategic Management Division2004/5 Page 1 SM352 Strategy Introduction to Strategy.

The Final, Final Word… Every Significant Advance in Business Will Involve Technology. Group C.

Quality Function Deployment for Curriculum Design: A Framework

MANAGEMENT RICHARD L. DAFT.

I. Identification of Strategy (includes but not limited to SWOT) A. Firm Situation 1. General macro environment 2. Industry and Competitive analysis 

Introduction to Strategic Management

Strategies for a New Millennium The New Environment of Business Strategic Management Practice Management Thinking Knowledge and Learning New Organizational.

CSR Project, 3 cr. Corporate Responsibility, C-module (15 cr.) or free-choise studies Introduction to Corporate responsibility, 1,5-3 cr. (depending on.

©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ Kotler, Bowen, and Makens Chapter 3 The Role.

Strategy Electives STR 815Corporate Strategy and Post-Merger Integration (2 sections) STR 887Strategy Seminar (3) STR 897Investigations into the Nature.

Healthcare Marketing: History and Concepts

© 2005 by Nelson, a division of Thomson Canada Limited. 1 The Stakeholder Approach to Business, Society, and Ethics Search the Web Information on stakeholder.

Business and Society: Ethics and Stakeholder Management, 5E Carroll & Buchholtz Copyright ©2003 by South-Western, a division of Thomson Learning. All.

Chapter Objectives Strategic Planning and the Marketing Process CHAPTER Distinguish between strategic planning and tactical planning. Explain.

©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ Kotler, Bowen, and Makens Chapter 3 The Role.

Professor Nikos Leandros Chair Department of Communication, Media and Culture Panteion University.

MJF7 Strategy concepts overview 1. Basic concepts of strategy and SWOT analysis (Jan 17) 2. Resource based view of the firm (Jan 19) 3. Competitive, cooperative,

Enhanced Practice Management and New Services New Delhi, 10 October M FARHAD HUSSAIN FCA Member Council & Past President ICAB SAFA- IFAC Regional.

Communication Degree Program Outcomes

The Role of Marketing in Strategic Planning Pertemuan 2 Matakuliah: V Penjualan dan Pemasaran Hotel Tahun:

Strategic planning B.V.L.NARAYANA SPTM. Defining Strategy Strategy is the determinator of the basic long- term goals of an enterprise, and the adoption.

Strategic Management.

AGENDA 09/09 & 09/10 F Nature of Strategic Challenge & F Strategic Management F The Strategy Concept and Process F Strategic Plan - Team Meetings.

Essentials of Health Care Marketing 2nd Ed. Eric Berkowitz

Chapter 5 Managing Across Cultures Schneider & Barsoux RBC p 428

Porter and Stern (2002) asserted that firms operating in advanced nations whose economies are innovation-based would not obtain a sustained competitive.

1 Inter-American Development Bank Environment and Safeguards Policy - A Strategic Overview.

1 Efficient, Transparent and Strategic Management Presented by: Prof. Venansius Baryamureeba Acting Vice Chancellor, Makerere University, Kampala, UGANDA.

Evolution of Management Systems Strategic Planning –Analysis of Firm’s Prospects –Competitive Analysis –Strategic Portfolio Analysis Closes the Competitive.

BCG Growth-Share Matrix

Presentation for CIM/MBA Stakeholders Dr. S. Kim Sokoya Professor of Management

Management, 6e Schermerhorn Prepared by Cheryl Wyrick California State Polytechnic University Pomona John Wiley & Sons, Inc.

DHV '04 DHV 2004 Corporate Strategy Professor Larry Matteson.

Models, Levels and Tools

Strategic analysis: searching for opportunities and threats Focus: Daisytek  Assignment: Study H&W Ch 3 Environmental scanning and industry analysis and.

Meeting Present and Emerging Strategic Human Resource Challenges

STRATEGIC MANAGEMENT Chapter 4 MGMT 370. Strategic Competitiveness Strategy Strategic intent Strategic management.

A Global Network for Standards Education and Research William E. Kelly Department of Civil Engineering The Catholic University of America Washington, DC.

By Dinesh Bajracharya Nepal Strategic roles of Information system.

Session Evaluations Contest Open OLC Conferences Mobile App Navigate to session to evaluate Click on "Rate this Session“ Complete Session Evaluation*

Department of Industrial Engineering Sharif University of Technology Session # 13.

Strategy Electives STR 815Corporate Strategy and Post-Merger Integration (2 sections) STR 887Strategy Seminar (2 sections) STR 897Investigations into the.

1: Introducing Strategy

Theories on Strategy IT & Business Models Chp. 3.

Management Practices Lecture-5 1. Recap Behavioral Management The Hawthorne Studies Theory X and Y Theory X v. Theory Y Theory Z Systems Considerations.

Technology Ventures: From Idea to EnterpriseChapter 4: Summary Praise competitors. Learn from them. There are times when you can cooperate with them to.

Presenter: Mbelle, Frank E Institute of Adult Education.

Marketing strategy Marketing strategy can be defined as a process that can allow an organization to concentrate its resources on the optimal opportunities.

Corporate Strategy and Entrepreneurship – Chapter 8

What is Globalization? Globalization has many definitions, but one might regard it as the following: The process that is making the world’s citizens increasingly.

Robert P. King Department of Applied Economics April 14, 2017

International Business Strategy 301LON

MANAGEMENT RICHARD L. DAFT.

Strategy Formulation and Implementation

Global Marketing Management

Corporate Culture and Strategy

CIMA E2 Project and Relationship Management.

CORPORATE SOCIAL RESPONSIBILITY

Session 1 What is Strategy?

MGT 498 TUTORIAL Perfect Education/ mgt498tutorial.com.

حسون و وسيمو.

Strategy: An Overview 1. The Origins of Strategy

Introduction to Strategy

Objectives and Plan for the Day

FMA 601 Foreign Market Analysis

Business Strategy Prof J. Ignacio Canales.

BMA202 Strategic Management

Business Level strategy /Competitive strategy

Presentation transcript:

UNIT 2: HISTORICAL DEVELOPMENT OF STRATEGIC MANAGEMENT

1. Origin and Development (1950-1973) Formal strategic planning began in the 1950s in the United States of America Drucker (1954): What is our business and what should it be? Chandler (1962): What is strategy? Structure follows strategy Andrews (1965) – corporate strategy Ansoff (1965) – corporate strategy Boston consulting group (1965) – Henderson B.

Strategic management recognized as an important element in corporate success Strategic planning was differentiated from budgeting The strategic planning process could be managed Importance of setting objectives as part of the strategic planning process Emergence of concept of core competences Emergency of concept of competitive advantage

2. Disenchantment (1973-1980) Widespread dissatisfaction with strategic planning. Why? Increased environmental turbulence Reduced business opportunities Increased competition Globalization (industries, competition, corporations)

Strategic planning as developed in the stable environmental conditions could not cope with the challenges of the new turbulent environment. Increased adoption of strategy (strategic thinking) as a course unit in business school Shift to survey research (away from case studies)

3. Rediscovery and recasting (1980- 1990) Porter (1987): Although strategic planning had gone out of fashion in the late 1970s, it needed to be re-discovered. It would have to be “re-thought” and “recast” Competitive strategy (1980) Competitive advantage (1985) Formation of the Strategic Management Society (1981) Launch of the Strategic Management Journal (1982)

Increasing sophistication in research Techniques borrowed from other fields e.g. economics and mathematics More theories advanced

4. Institutionalization of Strategic Planning (1990- ) Strategic planning becomes an integral part of business operations Further developments in the theory and technology of strategic management Consistency between strategic plans, annual plans and budgets Greater attention to stakeholder interests Greater attention to corporate social responsibility Greater involvement in the strategic planning process

Summary 1960s: Emergence of strategic management as an academic and professional field 1970s: Disenchantment with strategic planning 1980s: Maturity of strategic planning 1990s: Strategic planning becomes an integral part of business operations