Design School
Originators: Philip Selznick & Alfred. D. Chandler
Books: Leadership in Administration (1957) Strategy and Structure (1962)
Idiom: “Look before you leap.”
Best Fit
Most key concepts of strategy courses rely on the design school to attempt to match or fit internal abilities with external opportunities. Generation of strategy is seen to be a creative act (Andrews). Alternative strategies are selected and evaluated for best fit with a series of tests (Rumelt).
Originators: Philip Selznick & Alfred. D. Chandler
Books: Leadership in Administration (1957) Strategy and Structure (1962)
Idiom: “Look before you leap.”
Best Fit
Most key concepts of strategy courses rely on the design school to attempt to match or fit internal abilities with external opportunities. Generation of strategy is seen to be a creative act (Andrews). Alternative strategies are selected and evaluated for best fit with a series of tests (Rumelt).
Overall Strategic Requirements
Consistency: All goals and policies must be mutually agreeable.
Consonance: Choice of strategy must be adaptable to internal and external conditions.
Advantage: Competitive advantage must be realized by the strategy.
Feasibility: Must not exceed current abilities or create new problems.
Consistency: All goals and policies must be mutually agreeable.
Consonance: Choice of strategy must be adaptable to internal and external conditions.
Advantage: Competitive advantage must be realized by the strategy.
Feasibility: Must not exceed current abilities or create new problems.
Intended Premises
Links
Strategy Theory: A Short Review of Literature
http://www.kunne.no/upload/Gamle%20publikasjoner/Nedtegnelser/Strategy%20Theory_N0299_Haugstad.pdf
Wren Network: Chapter 3 Strategy
http://www.wren-network.net/resources/benchmark/03-Strategy.pdf
Uncertain Economists: Futurity in Strategic Decisions
http://www.cabe.ca/cbe/vol4_3/43-belland.pdf
Mintzberg, Ahlstrand, Lampel (1998) The Strategy Process, Free Press, New York.
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