Managing strategically
7 important questions on Managing strategically
What does managing strategically involve in practice?
Describe drivers of business environment
- Information revolution; immediate availability information, exploit information and knowledge, knowledge technology driving force business environment
- Technology- the Internet, social media, personal messaging - affect org, performance
- Globalisation - global markets and competitors
Implications of drivers new business environment vs Success factors
- the continual change
- reduced need physical assets - intangible asset as database
- vanishing distances and compressed time - whatsapp
- vulnerability - hackers
3 factors critical for Succeeding in a business environment:
- ability to embrace change
- creativity and innovation capabilities
- being world class organisation
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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Org. Vision - what is it?
What are 4 components of vision?
- vision builds on the foundation of org. value and beliefs
- vision elaborated a purpose - why org exists
- vision explains what org. does
- vision specifies goals and guides actions
Compare CSR with Milton Friedman
What are ethics and why important?
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
