Intro:

Question 1

Prescriptive view:

STRATEGY COMBINES BOTH

Answer 1

The objectives and main elements are developed before the strategy is implemented

Question 2

Emergent view: STRATEGY COMBINES BOTH

Answer 2

The final objective is unclear, and the elements are developed as the strategy unfold

Question 3

Henry Mintzberg’s Criticue of formal strategic planning:

Answer 3

The fallacy of predication: the future is unknown

The fallacy of detachment: formulation and implementation are interlinked

Question 4

Strategy as design:

Answer 4

Planning and rational choice - intended strategy

Question 5

Strategy as a process:

Answer 5

Over time- many decision makers respond to a multitude of internal and external forces - emergent strategy

Question 6

Strategic management:

Answer 6

Coordinating activities, staffing&leadership, developing processes and structures towards certain goals/objectives

Question 7

Stakes can affect or be affected by:

Answer 7

An organisations decisions/ objectives/ actions: policies - anyone who has an interest or concern in the org and what it does!

Question 8

Critical stakeholder:

Answer 8

Actors on whom the survival and success the organisation depends

Question 9

Potential stakeholders:

Answer 9

NGOs/media, communities, government, competitions, customers, employees, suppliers, shareholders!!