Strategic Management Chapter 1
Strategic Management Chapter 1
Strategic Management
in School Management:
Chapter 1: What is Strategy?
Insights and Strategies for Success
Andreas
Andreas Chang, Chang
8 Juni 2024
Facebook’s New Name : Meta
Course Learning Outcomes
LO5 Communicate e ective business and management ideas in verbal and written form.
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Assessment Summary
Total 100%
Final Project
Session 13 - Learning Outcomes
On successful completion of this course, student will be able to:
LO5 Communicate e ective business and management ideas in verbal and written form
Group of 3
Due Date : Week 13
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Final Project
Pro ciency Level
Learning
Assessment Indicators Poor Average Good Excellent
Outcomes (D-1) (C-2) (B-3) (A-4)
Detailed outline, in-
Good and detailed
Not demonstrated, depth justi cation of
1. Conduct appropriate strategy analysis on Adequate description outline, clear and
limited description of problem, high
management issues in a team setting. of problem statement justi able problem and
problem statement relevance to the
relevance to business
business
1.1. Executive Summary
1.2. Introduction
Not demonstrated,
Adequate description Good and detailed Detailed and in-depth
2. Apply appropriate approaches and techniques in limited description of
of strategic analysis strategic analysis tools justi cation of strategic
strategy formulation strategic analysis tools
tools applied. applied. analysis tools applied.
applied.
2.1. External and Industry
Analysis
2.2. Internal Analisys
Appropriate and
Adequate level of Good level of
Poor innovativeness on excellent level of
3. Formulate innovative business strategies which innovativeness on the innovativeness on the
the proposed innovativeness on the
include operational excellence proposed proposed
recommendation proposed
recommendation recommendation
recommendation
3.1. Strategy Formulation
4. Develop the strategy implementation plan - Unconnected elements Patchy construction, Well constructed and Original and excellently
including corporate governance and business with common ideas, common ideas, feasible model, constructed business
ethics practices feasibility is low somehow feasible. somehow original models, highly feasible
4.1. Recommendation
4.2. Implementation Issues
4.3 Conclusion
Excellent presentation
Adequate presentation Good and clear of the project and
5. Communicate effective business and
Poor presentation of verbal and written presentation of verbal discussion, clear and
management ideas in verbal and written forms
skills and written skills appropriate language
used
5.1. Fluency of presentation
5.2. Time management
5.3. Organization
5.4. Equal participation of all
group members
5.5. Ability to elicit and answer
questions
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Chapter 1
THE ROLE OF STRATEGY
01 L.O.1: Explain the role of strategy in a rm’s quest for competitive advantage.
1.1. What is a strategy?
1.2. What is a good strategy?
1.3. Diagnosis of competitive challenge, crafting a guiding policy, and coherent actions
COMPETITIVE ADVANTAGE
02
L.O. 2: De ne competitive advantage, sustainable competitive advantage, competitive disadvantage an
competitive parity
2.1. What is competitive advantage?
2.2. The Red Queen Effect in Business Competition
3.3. What is not a strategy?
03 L.O.3: Assess The Relationship Between Stakeholder Strategy and Sustainable Competitive Advantage
3.1. What is value creation?
3.2. What is stakeholders?
3.3. What is stakeholder strategy
01 L.O.1: Explain the role of strategy in a rm’s quest for competitive advantage.
1.1. What is a strategy?
1.2. Stakeholders and Competitive Advantage.
1.3. AFI Strategy Framework
1.4. Implication for strategic leaders
What is Strategy?
What is strategic
management?
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THE ROLE OF STRATEGY
01 L.O.1: Explain the role of strategy in a rm’s quest for competitive advantage.
1.1. What is a strategy?
1.2. Stakeholders and Competitive Advantage.
1.3. AFI Strategy Framework
1.4. Implication for strategic leaders
Pre-test
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THE ROLE OF STRATEGY
01 L.O.1: Explain the role of strategy in a rm’s quest for competitive advantage.
1.1. What is a strategy?
1.2. Stakeholders and Competitive Advantage.
1.3. AFI Strategy Framework
1.4. Implication for strategic leaders
Tesla
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THE ROLE OF STRATEGY
01 L.O.1: Explain the role of strategy in a rm’s quest for competitive advantage.
1.1. What is a strategy?
1.2. Stakeholders and Competitive Advantage.
1.3. AFI Strategy Framework
1.4. Implication for strategic leaders
A
Analysis
F
Formulation
I
Implementation
This framework :
• Explains and predicts differences in firms performance
• Helps leaders formulate and implement a strategy that can result in superior
performance
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THE ROLE OF STRATEGY
01 L.O.1: Explain the role of strategy in a rm’s quest for competitive advantage.
1.1. What is a strategy?
1.2. Stakeholders and Competitive Advantage.
1.3. AFI Strategy Framework
1.4. Implication for strategic leaders
Part 3: Implementation
11.Organizational Design: Part 1: Analysis
Structure, Culture, and 1. What is strategy?
Control 2. Strategic Leadership Managing the
12.Corporate Governance and Strategy Process
Business Ethics
01
L.O.1: Explain the role of strategy in a rm’s quest for competitive
advantage.
1.1. What is a strategy?
1.2. What is a good strategy?
1.3. Diagnosis of competitive challenge, crafting a guiding policy,
and coherent actions
Strategic Management
Strategic Management is an integra ve management
eld that combines analysis, formula on and
implanta on in the quest for compe ve advantage.
(Rothaemer, F.T., 2024)
A Strategy
A Strategy is a set of goal-directed and integrated
ac ons a rm takes to gain and sustain superior
performance rela ve to compe tors.
(McGrath, R.G., 2013)
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THE ROLE OF STRATEGY
01
L.O.1: Explain the role of strategy in a rm’s quest for competitive
advantage.
1.1. What is a strategy?
1.2. What is a good strategy?
1.3. Diagnosis of competitive challenge, crafting a guiding policy,
and coherent actions
A Good Strategy
A good strategy enables a rms to achieve superior
performance and sustainable compe ve advantage
rela ve to its compe tors in any compe ve situa on.
(Rothaemer, F.T., 2024)
A F I
A diagnosis to A guiding policy to A set of coherent
iden fy compe ve address the ac ons to
challenge. (Firm’s compe ve implement the rm’s
external and internal challenge through guiding policy.
environment) strategy formula on. (Rothaemer, F.T., 2024)
(Rothaemer, F.T., 2024)
thaemer, F.T., 2024)
01
L.O.1: Explain the role of strategy in a rm’s quest for competitive
advantage.
1.1. What is a strategy?
1.2. What is a good strategy?
1.3. Diagnosis of competitive challenge, crafting a guiding policy,
and coherent actions
Tesla’s Case
A Guiding Policy
• Tesla is building cost-competitive mass-market vehicles
• They have made significant investments in lithium-ion
battery production
• They have just broken ground for another factory in
Shanghai, China
01 L.O.1: Explain the role of strategy in a rm’s quest for competitive advantage.
1.1. What is a strategy?
1.2. What is a good strategy?
1.3. Diagnosis of competitive challenge, crafting a guiding policy, and coherent actions
COMPETITIVE ADVANTAGE
02
L.O. 2: De ne competitive advantage, sustainable competitive advantage, competitive disadvantage an
competitive parity
2.1. What is competitive advantage?
2.2. The Red Queen Effect in Business Competition
3.3. What is not a strategy?
03 L.O.3: Assess The Relationship Between Stakeholder Strategy and Sustainable Competitive Advantage
3.1. What is value creation?
3.2. What is stakeholders?
3.3. What is stakeholder strategy
Compe ve Advantage
Superior Performance rela ve to other compe tors in
the same industry or the industry average
Compe ve Disadvantage
Underperformance rela ve to other compe tors in
the same industry or the industry average
Compe ve Parity
Performance of two or more rms at the same level
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COMPETITIVE ADVANTAGE
• A rm provide goods or
services that consumers
value more than its
competitor’ o erings, but
• at a similar cost.
Cost
02 Leadership
Strategy
• A rm furnishes goods
or services similar to
those of competitors,
but
• at a lower cost
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COMPETITIVE ADVANTAGE
01
L.O.1: Explain the role of strategy in a rm’s quest for competitive
advantage.
1.1. What is a strategy?
1.2. What is a good strategy?
1.3. Diagnosis of competitive challenge, crafting a guiding policy,
and coherent actions
A Good Strategy
A good strategy enables a rms to achieve superior
performance and sustainable compe ve advantage
rela ve to its compe tors in any compe ve situa on.
(Rothaemer, F.T., 2024)
A F I
A diagnosis to A guiding policy to A set of coherent
iden fy compe ve address the ac ons to
challenge. (Firm’s compe ve implement the rm’s
external and internal challenge through guiding policy.
environment) strategy formula on. (Rothaemer, F.T., 2024)
(Rothaemer, F.T., 2024)
thaemer, F.T., 2024)
01 L.O.1: Explain the role of strategy in a rm’s quest for competitive advantage.
1.1. What is a strategy?
1.2. What is a good strategy?
1.3. Diagnosis of competitive challenge, crafting a guiding policy, and coherent actions
COMPETITIVE ADVANTAGE
02
L.O. 2: De ne competitive advantage, sustainable competitive advantage, competitive disadvantage an
competitive parity
2.1. What is competitive advantage?
2.2. The Red Queen Effect in Business Competition
3.3. What is not a strategy?
03 L.O.3: Assess The Relationship Between Stakeholder Strategy and Sustainable Competitive Advantage
3.1. What is value creation?
3.2. What is stakeholders?
3.3. What is stakeholder strategy
Value Crea on
Occurs when companies with a good strategy are
able to provide products or services to consumers at
a price point that they can a ord while keeping their
costs keeping their costs in check, thus making a
pro t at the same me
(Rothaemer, F.T., 2024)
Stakeholders
Organiza ons, groups, and individuals that can afaect
or are a ected by a rm’s ac ons
(Rothaemer, F.T., 2024)
Stakeholder Strategy
An approach to strategy formula on that considers
all of the company’s stakeholders, not just its
shareholders.
(Rothaemer, F.T., 2024)
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SHAREHOLDER STRATEGY & CA
Value Crea on
Occurs when companies with a good strategy are
able to provide products or services to consumers at
a price point that they can a ord while keeping their
costs keeping their costs in check, thus making a
pro t at the same me
(Rothaemer, F.T., 2024)
Kim, W. C., & Mauborgne, R. (1997). Value innovation. Havard Business Review, 1.
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THE ROLE OF STRATEGY
Value Creation
Stakeholders
Organiza ons, groups, and individuals that can a ect
or are a ected by a rm’s ac ons
(Rothaemer, F.T., 2024)
Benefit
Benefit
External
Stakeholders Internal
• Customers Stakeholders
• Suppliers • Employees
• Alliance • Stockholders
Partners • Board
• Creditors Members
• Unions
• Communities
• Governments
• Media
Contributions
Contributions
1. Internal and External Stakeholders in Exchange Relationship with a Firm
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Chapter 1
THE ROLE OF STRATEGY
01 L.O.1: Explain the role of strategy in a rm’s quest for competitive advantage.
1.1. What is a strategy?
1.2. What is a good strategy?
1.3. Diagnosis of competitive challenge, crafting a guiding policy, and coherent actions
COMPETITIVE ADVANTAGE
02
L.O. 2: De ne competitive advantage, sustainable competitive advantage, competitive disadvantage an
competitive parity
2.1. What is competitive advantage?
2.2. The Red Queen Effect in Business Competition
3.3. What is not a strategy?
03 L.O.3: Assess The Relationship Between Stakeholder Strategy and Sustainable Competitive Advantage
3.1. What is value creation?
3.2. What is stakeholders?
3.3. What is stakeholder strategy
04
L.O.1: Explain the role of strategy in a rm’s quest for competitive
advantage.
1.1. What is a strategy?
1.2. What is a good strategy?
1.3. Diagnosis of competitive challenge, crafting a guiding policy,
and coherent actions
fi
THE ROLE OF STRATEGY
04
L.O.1: Explain the role of strategy in a rm’s quest for competitive
advantage.
1.1. What is a strategy?
1.2. What is a good strategy?
1.3. Diagnosis of competitive challenge, crafting a guiding policy,
and coherent actions
Stakeholders Strategy
Stakeholders strategy is an approach to strategy
formula on that considers all of the company’s
stakeholders, not just its shareholders.
(Rothaemer, F.T., 2024)
04
L.O.1: Explain the role of strategy in a rm’s quest for competitive
advantage.
1.1. What is a strategy?
1.2. What is a good strategy?
1.3. Diagnosis of competitive challenge, crafting a guiding policy,
and coherent actions
04
L.O.1: Explain the role of strategy in a rm’s quest for competitive
advantage.
1.1. What is a strategy?
1.2. What is a good strategy?
1.3. Diagnosis of competitive challenge, crafting a guiding policy,
and coherent actions
Stakeholder Strategy
An approach to strategy formula on that considers all of
the company’s stakeholders, not just its shareholders.
(Rothaemer, F.T., 2024)
1 2 3
Increase
Cooperative trust Cancel lead
stakeholders lowers to great
reveal important business adaptability
Benefits
4 5 More
predictable
and stable
returns
Stronger
reputation
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STAKEHOLDER IMPACT ANALYSIS
Philanthropic
Corporate
Responsibilities Citizenship
A
Analysis
F
Formulation
I
Implementation
This framework :
• Explains and predicts differences in firms performance
• Helps leaders formulate and implement a strategy that can result in superior
performance
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AFI STRATEGY FRAMEWORK
L.O. 5: Apply the Analysis, Formulation Implementation
05
L.O.1: Explain the role of strategy in a rm’s quest for competitive
(AFI) Strategy Framework
advantage.
5.1. De nition
1.1. What of AFI Strategy Framework
is a strategy?
5.2. Key is
1.2. What Topics
a goodand Questions of the AFI Strategy
strategy?
1.3. Diagnosis
Frameworkof competitive challenge, crafting a guiding policy,
and coherent actions
5.3. Implication for Leaders
Part 3: Implementation
11.Organizational Design: Part 1: Analysis
Structure, Culture, and 1. What is strategy?
Control 2. Strategic Leadership Managing the
12.Corporate Governance and Strategy Process
Business Ethics