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McGrawHill/Irwin
Copyright2010byTheMcGrawHillCompanies,Inc.Allrightsreserved.
Learning Outcomes
Able to learn about the key characteristics of
strategy
Distinguish between an effective and
ineffective straetgy
1-2
1-3
1-5
conditions
How to achieve targeted levels of
performance
1-7
1-8
Jack Welch
Former CEO, General Electric
1-10
advantage when
An attractive number of buyers prefer its
products/services over those of rivals and
The basis for this preference is durable
Strategies Evolve
A companys strategy is a work in progress
Changes may be necessary to react to
Financial crisis
Fresh moves of competitors
Evolving customer preferences
Technological breakthroughs
Emerging market opportunities
Changing political or economic climate
New ideas to improve strategy
1-13
1-14
1-15
Relationship Between
Strategy and Business Model
Strategy . . .
Business Model . . .
ra
St
gy
e
t
s
es
n
si el
Bu od
M
1-16
advantage?
Does your strategy put you ahead of trends?
Does your strategy embrace uncertainty?
Does your strategy balance commitment
and flexibility?
Is there conviction to act on your strategy?
1-18
1-19
https://www.youtube.com/w
atch?v=gDdq2rIqAlM
1-20