principle of strategic_management

May 29th, 2015
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Abilene Christian University
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Describe the features of Strategy Implementation? 1. It focuses on efficiency. 2. Execution is operational process. 3. It requires lots of co-ordination between individuals. 4. It requires exceptional leadership and motivational skills. 5. For the role moves away from strategists to functional managers.

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Q1. What are the seven characteristics of most competitive companies?Seven characteristics describe the most competitive companies:1. Market share matters: The 80th share point isnt as important as the 81st, but dont let it drop to 79!2. Understand and remember precisely what business you are in.3. Whether its broke or not, fix it make it better; whether it be products or the whole company.4. Innovate or evaporate; particularly in technology driven businesses, nothing recedes like success.5. Acquisition is essential to growth the most successful purchases are in a niche that adds a technology or a related market.6. People make a difference.7. There is no substitute for quality and no greater threat than failing to be cost competitive.Q2. What are the Six Guidelines for Divestiture?Five guidelines when divestiture may be an especially effective strategy to p

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