Strategic Management
In thinking strategically about a company, managers of all types of businesses must develop a clear understanding of what moves and approaches will be employed to gain advantage in the marketplace.
A organization's strategy explains why the company matters by specifying an approach to creating superior value and determining how capabilities and resources will be utilized to deliver the desired value. In effect, the crafting of a strategy represents a managerial commitment to pursuing an array of choices about how to compete.
In most industries, companies have considerable freedom in choosing the how's of strategy. A company’s business model sets forth how its strategy and operating approaches will create value for customers, while at the same time generating ample revenues to cover costs and realizing a profit.
The nitty-gritty issue surrounding a company’s business model is whether it can execute its customer value proposition profitably. Just because company managers have crafted a strategy for competing and running the business does not automatically mean the strategy will lead to profitability - it may or it may not.
Competitive advantage is a condition or circumstance that puts a company in a favorable or superior business position. Strategy leaders need to understand these five strategic approaches to setting an organization apart and winning competitive advantage.
A company achieves sustainable competitive advantage when an attractively large number of buyers develop a durable preference for its products or services over the offerings of competitors, despite the efforts of competitors to overcome or erode its advantage.
Regardless of whether a company’s strategy changes gradually or swiftly, the important point is that the task of crafting strategy is not a onetime event but is always a work in progress. Winning companies create value by defining, developing and deploying a set of strategic capabilities that provide a unique competitive advantage.
A winning strategy must fit the company’s external and internal situation, build sustainable competitive advantage, and improve company performance. Companies don’t get to the top of the industry rankings or stay there with illogical strategies, copycat strategies, or timid attempts to try to do better.
How well a company performs is directly attributable to the caliber of its strategy and the proficiency with which the strategy is executed.
Пікірлер: 23
Clear and concise explanation. Thanks
Thank you for this presentation. I needed to fact check the content from online resources in case I mess up definitions of some terms and this was a big help.
Excellent video! Thank you very much for your hard work.
Interesting and seriously elaborate for even first-time learners of strategic management. Thank you for the presentation.
@fusebox9725
2 ай бұрын
It's not rocket science all that nonsense is common sense
Very beautiful Presentation!!
STRATEGIC MANAGEMENT IS A PROCESS, AN APPROACH TO ADDRESSING THE COMPETITIVE CHALLENGES AN ORGANIZATION FACES.
Thanks so much for your brief and helpful lecture.
Thank You for this amazing presentation !! I have just noticed that the way you are presenting and the sentences you selected help the listener visualize,imagine, engage and feel the content. it's a very brilliant approach !!!
Thank you!
Hello friends, I have the following situations: 1 / Company A wants to buy the distribution system of company B, but company B only wants to sell 100% of its assets. So what would you do in this situation ?. 2 / There are 2 companies working in the same field: Company X builds its own store and creates its own distribution system. Company Y relies on outside distributors and stores to distribute goods to consumers. Question: In what case will you buy company X and company Y ?. Thank you.
Which website would be best to get facts and figures regarding the company? Please let me know.
good
can i get these presentation's PPTs ?
dont like the definitions for example: broad spectrum of buyers. that is not exactly accurate. then best cost saying it 'beats' rivals at customers value expectations. that again can be better thought out and written. i like the questions for evaluating a successful strategy. would like more of that for real world application. thx for the vid
@GreggU
4 жыл бұрын
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STRATEGY COMES FROM THE GREEK WORD "STRATEGOS", WHICH HAS ITS ROOTS IN MILITARY LANGUAGE.
Pusing bahasa inggris semua 😵
Here cuz my dumbass professor failed me deliberately.
Look man, just boil it down to me, I have an exam tomorrow morning, wtf am I supposed to learn, 63 vids too much, and all of it sounds verbose
Shame for the annoying accent.
@hawaalusine251
Жыл бұрын
Thanks so much for your amazing presentation