Section 1 Compulsory general case question Use examples from Cases Section 2 Theory - do 2 questions...
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Transcript of Section 1 Compulsory general case question Use examples from Cases Section 2 Theory - do 2 questions...
![Page 1: Section 1 Compulsory general case question Use examples from Cases Section 2 Theory - do 2 questions out of 4 Use examples from lectures, cases, etc All.](https://reader036.fdocuments.us/reader036/viewer/2022072013/56649e595503460f94b52a3f/html5/thumbnails/1.jpg)
Section 1
• Compulsory general case question
Use examples from Cases
Section 2
• Theory - do 2 questions out of 4
Use examples from lectures, cases, etc
All Questions carry equal marks
MT301 Exam Structure
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MT301 Revision Notes
These notes review the main areas covered in this course but should be studied in conjunction with the
prescribed text, lecture and case discussion notes.
Ch 1 & 2 The Strategic Management Process
•5 tasks of SMgt - issues important at the different stages
•SMgt as process rather than event
•Factors that shape a company’s strategy
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Ch 3 Industry & Competitive Analysis
Thinking strategically about industry & competitive conditions
•What are the dominant ec. chars of the industry?
•What is competition like and how strong are each of the 5 forces?
•What are the drivers of change in the industry & what impact?
•What companies are in the strongest/weakest positions in industry?
•What key factors will determine competitive success in the ind env?
•Is this an attractive industry and what are prospects of profitability?
Ch 4 Evaluating Co. Resources & Competitive Capabilities•How well is current strategy working?•What are the company’s resource SWOT?•Are the company’s costs competitive with rivals? - SCA/Vchain•How strong is the company’s competitive position? - CSA
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Ch 5 Strategy & Competitive Advantage•Porter’s model of 5 generic competitive strategies•Vertical integration/de-integration - advantages/disadvantages•Cooperative, Offensive & Defensive strategies & comp. advantage•First mover advantage & disadvantage
Ch 6 Strategies for Competing in Globalizing MarketsStrategies for entering international mkts - licensing, export, JVs &alliances. Profit sanctuaries & cross subsidisation. Global v. multi-country strategies.
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Ch 8 Matching Strategy to Ind & Co. Situations•Characteristics of the different types of industry & implicationsfor strategy - emerging, high velocity, maturing, stagnant/declining,fragmented. Strategies for industry leaders, runners up, weak businesses
Ch 7 New Business Models and Strategies for the Internet Econ.Supply side of internet economy. Implications of e-commerce envfor strategy & organisations. E-commerce business models & strategies. Key success factors in e-commerce.
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Ch 9 & 10 Evaluating Strategy & C. Advan in Diversified Co.When to diversify. Ways to diversify - acq/startup/J. Strategies - related/un/combo - advan/dis. Pfolio mgt - divest/turnaround/retrench/restruct - balance & flows. Nb of Composition & Coordination. Evaluating attractiveness, comp strength, strategic & resource fit. 9 cell matrix, resource allocation/direction Ch 11, 12 & 13 Implementing StrategyUnderstanding wide range of issues involved/affected by imp. &how to improve the imp. process•Nb of strategy-supportive leadership; capabilities; structure; budget; policies/procedures; best practice/kaizen; support systems ;reward systems; culture & ethics•Ongoing iterative process that in conjunction with good stratformulation can be source of competitive advantage