Principles of Management POLC Model

1222 Words Aug 30th, 2014 5 Pages
Principles of
Management

Mason Carpenter, Talya Bauer, and Berrin Erdogan

Chapter 5

Strategizing
 See how strategy fits in the P-O-L-C framework
 Better understand where strategy comes from
 Understand the concept of strategic focus
 Conduct internal analysis to develop strategy  Conduct external analysis to develop strategy  Formulating organizational and personal strategy with the strategy diamond

© 2010 Jupiterimages Corporation

Understand How Strategy Fits in the
P-O-L-C Framework

Where Strategy Fits in “Planning”
The strategy is how the firm aims to realize its mission and vision

Mission
&
Vision

Strategy

Goals & Objectives

Goals and objectives are the indicators of how
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• What might interfere with the realization of an intended strategy? • How might you manage the balance between design and emergence strategizing processes in an organization?

What is Strategic Focus?
Strategic focus is seen when an organization is very _____ about its mission and vision, and has a _________, wellarticulated _______ for achieving them

strategy as
__________

strategy as
__________

Porter’s Generic Strategies

Differentiation or Price Leadership Strategy?

Southwest Airlines has combined cost cutting measures with differentiation, proving that it is possible to succeed using combination strategies © 2010 Jupiterimages Corporation

What are Value Disciplines?
Operational
excellence

Product leadership Customer intimacy Only One
Discipline

Discussion
• What is strategic focus and why is it important?
• What are Porter’s three generic strategies?
• Can a firm simultaneously pursue a low-cost and a differentiation strategy?
• What are the three value disciplines?
• What four rules underlie the three value disciplines? • How do Porter’s generic strategies differ from other approaches?

DEVELOPING STRATEGY THROUGH INTERNAL ANALYSIS

_______ analysis tells the strategist what is _____ the organization

An internal analysis helps answer the question, “what
_________ can we _________?”

Measuring Value with
Core Competencies
Product’s
performance
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