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Session+2+Lesson+1+ (Business+Policy+and+Strategy) 1

The document outlines a group activity to map concepts related to policy and strategy. It will be done in four groups, with two groups mapping ideas for policy and two for strategy. Each student will write one idea on a note card, and the group will build a concept map from these. Group representatives will present the maps in 5 minutes, followed by professor discussion and reflection on the key concepts. Brief definitions are provided for both policy, as guidelines for action, and strategy, as goals, objectives, and resource allocation to achieve them. The domain, goals, functions, and delegation of each are also contrasted.

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13 views13 pages

Session+2+Lesson+1+ (Business+Policy+and+Strategy) 1

The document outlines a group activity to map concepts related to policy and strategy. It will be done in four groups, with two groups mapping ideas for policy and two for strategy. Each student will write one idea on a note card, and the group will build a concept map from these. Group representatives will present the maps in 5 minutes, followed by professor discussion and reflection on the key concepts. Brief definitions are provided for both policy, as guidelines for action, and strategy, as goals, objectives, and resource allocation to achieve them. The domain, goals, functions, and delegation of each are also contrasted.

Uploaded by

angel cruz
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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POLICY AND STRATEGY

Group Work 1. Concept Review and Mapping


(Policy & Strategy)
Mechanics

•Four groups will be organized to work on the


concept map. Each student from Groups 1 and 2
will be requested to write on the meta card their
initial thought about Policy. Groups 3 and 4 will
work on Strategy. The instruction on One
metacard-One idea will be given by the
Professor.

•Each group will construct a concept map that


will be drawn from the ideas written in
individual student’s meta card.
Group Work 1. Concept Review and Mapping
(Policy & Strategy)
Mechanics

•Each group will construct a concept map that will


be drawn from the ideas written in individual
student’s meta card.

•Representative from each group will present the


concept map in 5 minutes

•Professor will provide further discussion and


reflections about the two key concepts.
Strategy comes from the
Greek strategos, which refers to a military
general and combines stratos (the army)
and ago (to lead).
Policy comes from the
Greek polites, which refers to citizen
Strategies are the means
Strategy is determination of
by which long-term
basic long term goals and
objectives will be achieved.
objectives of an enterprise
and adoption of courses
Business strategies
of action and allocation of
may include geographic
resources necessary to
expansion, diversification,
carry out these goals.
acquisition, product
development, market
- Alfred Chandler, cited in
penetration, retrenchment,
Viramgani, 2016
divestiture, liquidation, and
joint ventures.
Business strategy consists
of the combinations of
-David, F. 2017
competitive moves and
business approaches that
managers employ to please
costumers, compete
successfully and achieve
organizational objectives
-Viramgani, 2016
Policies include
guidelines, rules, and A Policy is a set of
procedures rules or guidelines
established to that express the limits
support efforts to within which actions
achieve stated should occur.
objectives.

Policies are guides to


decision making and
address repetitive or
recurring situations
- Viramgami, 2016
-David F., 2017
Policy Strategy
Domain
Meaning Set of rules or Determination of the
guidelines that basic long-term goals
express the and objectives
limits within
which action Adoption of courses of
should occur action

Allocation of resources
necessary for carrying
out the set goals
Domain Policy Strategy
Goal Serve as guideline for Use
decision-making organizational
process by decision- resources of a
makers at different company in a
levels of the desirable/right
organization direction to
achieve
corporate
objectives
Domain Policy Strategy
Function Guidance Estimation or
about decision- linking
making company with
the dynamic
environment
Domain Policy Strategy
Delegation Can be Cannot be
delegated delegated
downward in downward, may
the require till last
organization minute for
executive
decisions.
References
David, Fred R, David, Forest R. (2017). Strategic Management Concepts and
Cases: A Competitive Advantage Approach, Global Edition (16th Edition).
Pearson Education Inc.

Viramgami, Hitesh S. (2016). Strategic Management. A.P.H. Publishing


Corporation, New Delhi, India

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