twenty first century challenges in strategic management
TRANSCRIPT
TWENTY FIRST CENTURY TWENTY FIRST CENTURY CHALLENGESCHALLENGES IN IN STRATEGIC MANAGEMENTSTRATEGIC MANAGEMENT
Presented by
Osama Riaz L1S08MBEX2027
Javed Iqbal L1S09MBEX2042
INTRODUCTIONINTRODUCTION
Strategy Basically makes a bridge among these questions:
'what is strategy? 'where are we today? 'where we want to go in future?', and 'how we
can go there?'
THE ART OR SCIENCE ISSUE
THE VISIBLE AND HIDDEN ISSUE
THE TOP-DOWN OR BOTTOM-UP APPROACH
THE ART THE ART OROR SCIENCE ISSUE SCIENCE ISSUE
External & Internal Environments
Conduct Research
Evaluate the Pros and Cons of Various alternatives
THE VISIBLE THE VISIBLE OROR HIDDEN ISSUE HIDDEN ISSUE
Visible and open rather then hidden and secret.
Managers, Employees and other Stakeholders
Investors, creditors.
Visibility promotes democracy
Participation and Involvement
REASONS TO REASONS TO OPENOPEN STRATEGY STRATEGY COMPLETELYCOMPLETELY
Free circulation creates benefits to rivals firms
Secrecy limits criticism
Participants in Visible Strategy attracts rival firms
Secrecy limits rival firms from duplicating
REASONS TO MAKE STRATEGY REASONS TO MAKE STRATEGY SECRET SECRET ANDAND HIDDEN HIDDEN
Top Level Management
Lower & Middle Level Management
THE TOP DOWN THE TOP DOWN OROR BOTTOM UP BOTTOM UP APPROACHAPPROACH
QUESTIQUESTIOONSNS