Strategic Management Assignment-1

May 29th, 2015
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A. T. Still University
Course: strategic_management_
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Pattern of behavior developed by an organization as it learns to cope with its problem of external adaptation and internal integration…is considered valid and taught to new members. Resistant to change. May represent a strength or weakness of the firm.

Word Count: 387
Showing Page: 1/20
Chapter 4The Internal AssessmentStrategic Management:Concepts & Cases10th EditionFred DavidNature of an Internal AuditBasis for Objectives & StrategiesInternal strengths/weaknessesExternal opportunities/threatsClear statement of missionInternal AuditParallels process of external auditInformation from:ManagementMarketingFinance/accountingProduction/operationsResearch & DevelopmentManagement information SystemsResource Based View (RBV)Approach to Competitive AdvantageInternal resources are more importantthan external factorsResource Based View (RBV)3 All Encompassing Categories1. Physical resources2. Human resources3. Organizational resourcesResource Based View (RBV)Empirical Indicators Value Rare Imperfect Imitability Not easily substitutableIntegrating Strategy & CultureOrganizational CulturePattern of behavior developed by an organization as itlearns to cope with its problem of external adaptationand internal integrationis considered valid andtaught to new members.Resistant to change.May represent a strength or weakness of the firm.Integrating Strategy & CultureValuesBeliefsLegendsHeroesSymbolsCulturalProductsMythsRitesRitualsManagementFunctionStage When MostImportantPlanningStrategy FormulationOrganizingStrategy ImplementationMotivatingStrategy ImplementationStaffingStrategy ImplementationControllingStrategy

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