Strategy - Identifying the strategy
7 important questions on Strategy - Identifying the strategy
What is the hammer and nail analogy
To become a good carpenter, who wisely uses a variety of tools depending on what is being crafted, an apprentice carpenter will need to learn about these different instruments.
Name two different ways of presenting a broad spectrum of theoretical lenses?
1. Tools driven : Apprentice as to study the characteristics and functioning of all tools individually -> apply each where
appropriate
2. Problem-driven : First learn about what must be crafted. Learning about the materials and the problems that must be solved
and only then turn to the study of the necessary tools.
Why is strategy three dimensional
Each strategic problem situation is by its nature three dimensional, possessing process, content and context characteristics, and only the understanding of all three dimensions will give the strategist real "depth" of comprehension.
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How is strategy research done?
It is more atomic than holistic, focusing on a few variables at once.
Name two strategy issues at a business level?
If firms should be market-driven (outside - in) or resource-driven (inside-out)
Name strategy issues at a corporative level
If a company should be run as a federation of autonomous business units or as a highly integrated organizations.
Name strategy issues at a network level
If firms should develop long-term collaborative relationships with firms or should remain independent
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