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Strategic Management Series 1 - What Is Strategy?

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Text of Strategic Management Series 1 - What Is Strategy?

  • 1.

2. memorize this
3. hey! whos that?
4. hey! what the fcuk are you doing?
5. Thats your place!
6. Strategy is a big-complicated thing and any
single definition could be suicidal.
7. To understand the meaning behind this most used and even more misused word, one needs to understand the five meanings of strategy.The lesser known 5 Ps
8. To understand the meaning behind this most used and even more misused word, one needs to understand the five meanings of strategy.The lesser known 5 Ps
The lesser known 5 Ps
9. Five different ways of looking at meaning of strategy
10. Plan
Strategy is a plan of action into future, telling us where we are currently, where do we have to go and what actions in a particular order we have to take to reach there.
11. Pattern
Strategy is a pattern, a sort of consistency in the behavior over time.
I dont know it just fell out of my bum.
What is it?
12. Both are valid definitionsorganizations make plans for futureand they also evolve patterns out of their pastOne can be called intended strategy and the other realized strategy.
13. Both are valid definitionsorganizations make plans for futureand they also evolve patterns out of their pastOne can be called intended strategy and the other realized strategy.
14. Both are valid definitionsorganizations make plans for futureand they also evolve patterns out of their pastOne can be called intended strategy and the other realized strategy.
15. Both are valid definitionsorganizations make plans for futureand they also evolve patterns out of their pastOne can be called intended strategy and the other realized strategy.
This will be great.
This was great.
16. Both are valid definitionsorganizations make plans for futureand they also evolve patterns out of their pastOne can be called intended strategy and the other realized strategy.
Ideally a mix is followed. Some thinking ahead and some on the way learning-and-adaptations.
This will be great.
This was great.
17. Ones strategy mix should depend upon ones ability to predict unexpected events
Oh so, therell be floods on 28th.
Our office is on ground floor
Lets move to top floor!
18. Ones strategy mix should depend upon ones ability to predict unexpected eventsand need to react to unexpected events.
Oh so, there might be floods on 28th.
Our office is on top floor
So floods dont matter!
19. Ones strategy mix should depend upon ones ability to predict unexpected eventsand need to react to unexpected events.One extreme means no learning
Keep doing the same old tried but tested things!
Rigid Strategy
20. Ones strategy mix should depend upon ones ability to predict unexpected eventsand need to react to unexpected events.One extreme means no learningother means no control.
Business is a fun chemistry lab, but things explode at times!
No Strategy
21. Ones strategy mix should depend upon ones ability to predict unexpected eventsand need to react to unexpected events.One extreme means no learningother means no control.To put it differently, it should depend upon how much does one want to learn on the way and how much control does one wants to exercise.
22. Position
Another way of looking at strategy is thinking of it as a position of some advantage. Its about creation of a valuable and unique position.
Position is downward and outward looking.
23. Perspective
Delight customers
Invest in R&D
Entrepreneurial culture
Fast
Cost cutting
Social responsibility
Perspective is a organizations fundamental way of doing things, like, the McDonalds way, the Tata way or the Google way.
It can be seen as a set of values, priorities, beliefs, behaviors,
attitudes, actions and responses.
Perspective is upward and inward looking.
24. Again, both are valid definitions and a mix of both is required.
25. Changing of position within a perspective may be easy
Change Within Perspective
26. Changing of position within a perspective may be easywhereas changing position while trying to maintain perspective is not
Change Outside Perspective
27. Changing of position within a perspective may be easywhereas changing position while trying to maintain perspective is not
Google launching a printed directory is still imaginable
Google Printed Directory
28. Changing of position within a perspective may be easywhereas changing position while trying to maintain perspective is not
Google launching a printed directory is still imaginable
but imagine Google launching a restaurant!
Google Restaurant
29. Ploy
Ploy is a specific trick intended to outwit an opponent or competitor.
Its like playing mind games to confuse the competitor.
A company might buy land to give the impression that it intends to expand its capacity, in order to discourage a competitor from building a new plant
30. to strategize or not to strategize?
31. Strategy sets direction
On one hand we know the path required to reach from one point to another.
32. Strategy sets direction
On one hand we know the path required to reach from one point to another.
On other hand it turns us blind to the unpredicted dangers on the path.
33. Strategy focuses effort
On one hand strategy helps in focusing everyones effort to the same direction.
34. Strategy focuses effort
On one hand strategy helps in focusing everyones effort to the same direction.
On other hand Groupthink arises and opportunities and threats may get unnoticed.
35. Strategy defines the organization
On one hand strategy provides a sharp and single meaning to organization.
This piece of paper says exactly who we are and what we do.
36. Strategy defines the organization
On one hand strategy provides a sharp and single meaning to organization.
On other hand that sharp and single meaning could be too simple that rich complexity may get lost.
Uhhh! So what exactly rest of the papers on the table do?
This piece of paper says exactly who we are and what we do.
37. Strategy provides consistency
On one hand strategy reduces ambiguity and brings consistency in action and results.
38. Strategy provides consistency
On one hand strategy reduces ambiguity and brings consistency in action and results.
On other hand it curbs creativity and perfection over time.
39. To understand
when and when not to strategize,
how much and how less to strategize
and
how and how not to strategize
is the key.
Prof. ThinKu Pandit
PhD. Strategic Blah-Blah

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