Strategic Management Slides - California State University, · PPT file · Web...
Transcript of Strategic Management Slides - California State University, · PPT file · Web...
![Page 1: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/1.jpg)
Strategic Management
GM 105Dr. Lindle Hatton
![Page 2: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/2.jpg)
CANOE THEORY Think of your organization as a long canoe The canoe has a destination Everyone in the canoe has a seat and paddle Everyone is expected to paddle Those who won’t paddle have to get out of the
canoe Those who prevent others from paddling have
to re-adjust or get out of the canoe There are no passengers in the canoe The canoe theory understands crisis The canoe theory says you have the right to be
happy
![Page 3: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/3.jpg)
CANOE THEORY
![Page 4: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/4.jpg)
BUILT TO LASTPreserve the Core
Stimulate Progress
![Page 5: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/5.jpg)
GOOD TO GREAT Level 5 Leadership First Who…Then What Confront the Brutal Facts The Hedgehog Concept A Culture of Discipline Technology Accelerators The Flywheel and The Doom Loop
![Page 6: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/6.jpg)
Private versus Public Organizations Purpose Goals Financing Decision-Making Key Stakeholders
![Page 7: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/7.jpg)
Strategic ManagementVersus
Strategic Planning
![Page 8: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/8.jpg)
Features of Successful Strategic Management Has support of organization’s executive
officer. Is user friendly. Is participatory, not left to planners. Is flexible. Leads to resources decisions. Engages and motivates all staff. Is fresh and continuous, not static and stale.
![Page 9: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/9.jpg)
Features (Continued) Is Proactive Not a Quick Fix Part of Quality Management Payoffs Increase over Time
![Page 10: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/10.jpg)
Lessons Learned About Strategic Planning Plans must be tailored to
organization. No one size ‘fits’ all. Time to complete takes longer –
expect 50% more than planned. Process needs a shepherd. Visionaries needed at beginning and
detail types thereafter.
![Page 11: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/11.jpg)
Why Managers Don’t Plan Time Consuming High Demands Not Rewarded Executives Don’t Support It Too Risky
![Page 12: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/12.jpg)
Strategic Management Model Scanning
Where are we now? Strategy Formulation
Where do we want to be? Strategy Implementation
How do we get there? Measurement/Performance
How do we measure our progress?
![Page 13: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/13.jpg)
Strategic Management Model Strategy Formulation
Where do we want to be? Vision Mission Values Goals Objectives
![Page 14: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/14.jpg)
VISIONVision without Action is a DaydreamAction without Vision is a Nightmare
Not Optional Stretch – 30+ Years 8-10 Words in length Future State Brief and Memorable
![Page 15: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/15.jpg)
VISION (Continued) Inspiring and Challenging Descriptive of the Ideal
![Page 16: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/16.jpg)
Vision Examples “Light the Fire Within” “A Safer Future for All Communities” “See the Mountains – Breathe
Freely” To Be the Happiest Place on Earth To Be the World’s Best Quick Service
Restaurant
![Page 17: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/17.jpg)
Vision Levels of People Some people never see it. (Wanderers) Some people see it but never pursue it
on their own. (Followers) Some people see it and pursue it.
(Achievers) Some people see it and pursue it and
help others see it. (Leaders)
John Maxwell, Developing The Leader Within You, 1993.
![Page 18: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/18.jpg)
VISION EXERCISE
![Page 19: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/19.jpg)
Mission StatementIn the absence of a clearly defined
direction one is forced to concentrate on confusion that will ultimately consume you.
![Page 20: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/20.jpg)
MISSION What is our purpose? Describes current state Timeline is 3-5 Years Builds on our distinctive
competencies Tends to focus on Core Business 30-35 Words in length
![Page 21: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/21.jpg)
Mission Examples “To Lead All Communities in Disaster
Preparedness, Mitigation, and Recovery by Maximizing Assistance and Support.”
“Caltrans Improves Mobility Across California.”
To produce superior financial returns for our shareholders as we serve our customers with the highest quality transportation, logistics, and e-commerce.
![Page 22: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/22.jpg)
MISSION EXERCISE
![Page 23: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/23.jpg)
Corporate Governance What is it? Codes of Governance Role of the Board of Directors Role of Top Management Team Executive Compensation
![Page 24: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/24.jpg)
Corporate Governance System by which a firm’s owners
control its affairs. Does it work?
![Page 25: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/25.jpg)
Codes of Governance The Cadbury Code: 1992 Sarbanes-Oxley Act: 2002 Public Company Accounting Oversight Board “Triple bottom line” Four major issues:
Ownership structure and influence Fianacial Stakeholder rights and relations Financial transparency and information
disclosure Board structure and processes (audit)
![Page 26: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/26.jpg)
Role of the Board of Directors Monitor Evaluate and influence Initiate and determine Organization of Board
Insiders versus outsiders CEO/chair position
Committees’ Effectiveness
![Page 27: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/27.jpg)
Role of Top Management Team Who is the TMT? Executive Leadership and Strategic Vision
Articulates strategic vision for corporation Sets the model for others to identify and
follow Communicates high performance standards
and builds confidence in followers’ abilities to meet standards
Managing strategic planning process
![Page 28: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/28.jpg)
Executive Compensation Incentive alignment Executive Ownership Incentive compensation
Salary Bonus Stock Options LT Bonus
![Page 29: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/29.jpg)
VALUES Guiding Principles Help establish Culture Part of Preserving the Core Core Ideology
![Page 30: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/30.jpg)
Value Examples CHP PRIDE HP WAY J & J Credo “Build the Spirit of the Place”
![Page 31: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/31.jpg)
Ethical Awareness Model Organizational Ethics Individual Ethics Personal Values
![Page 32: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/32.jpg)
VALUES EXERCISE
![Page 33: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/33.jpg)
Strategic Management Model Scanning:
Where are we now? Macro Analysis (STEP, PESTEL, ETC.) Industry Analysis – Competitive
Intelligence SWOT Analysis Internal versus
External Elements
![Page 34: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/34.jpg)
Why Scan? To know your position in the environment To respond effectively to constant change To see the organization as a whole To avoid surprises To survive To lay the foundation for strategic issues
![Page 35: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/35.jpg)
SCANNING: Key Environmental Variables Macro Environment: STEP, PESTEL Task Environment: Industry Internal Environment: Focal
Organization
![Page 36: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/36.jpg)
Socio-Cultural Variables Lifestyle Changes Career Expectations Regional Shifts in Population Life Expectancies More women in workforce Greater concern for fitness Postponement of family formation Increase in temporary workers
![Page 37: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/37.jpg)
Technological Variables Total Federal Spending for R&D Total Industry Spending for R&D Focus of Technological Efforts Patent Protection Wireless Communications Nanotechnology Productivity Improvements Genetic engineering
![Page 38: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/38.jpg)
Economic Variables GDP Trends Interest Rates Money Supply Inflation Rates Unemployment Levels Wage/Price Controls Energy Availability & Cost Disposable & Discretionary Income
![Page 39: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/39.jpg)
Political-Legal Variables Antitrust Regulations Tort Reform Environmental Protection Laws Taxation at local, state, federal levels Hiring and Promotion Laws Americans Disabilities Act of 1990 Sarbanes-Oxley Act of 2002
![Page 40: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/40.jpg)
Demographic Variables Aging Population Rising affluence Changes in Ethnic Composition Geographic distribution of
population Disparities in income levels
![Page 41: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/41.jpg)
Global Variables Increasing Global Trade Currency Exchange Rates Emergence of Indian and Chinese
Economies Trade agreements (NAFTA, EU,
ASEAN) Creation WTO
![Page 42: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/42.jpg)
STEP EXERCISE Socio-Cultural Technological Economic Politico-Legal
![Page 43: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/43.jpg)
Industry Analysis 6 Forces Analysis
Industry Competitors Suppliers/Vendors Customers/Clients Potential New Entrants Substitutes Other Stakeholders
Role of Complementors
![Page 44: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/44.jpg)
New Entrants and Entry Barriers Absolute cost advantages Access to inputs Government policy Economies of scale Capital requirements Brand identity Switching costs Access to distribution Proprietary products
![Page 45: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/45.jpg)
Buyer Power (Channel and End Consumer) Buyer volume and information Brand identity Price sensitivity Threat of backward integration Product differentiation Substitutes
![Page 46: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/46.jpg)
Supplier Power Supplier concentration Differentiation of inputs Switching costs Threat of forward integration Cost relative to total purchases in
industry
![Page 47: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/47.jpg)
Substitutes Switching costs Buyer inclination to substitute Variety of substitutes Price-performance tradeoff of
substitutes Necessity for product or service
![Page 48: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/48.jpg)
Degree of Rivalry Exit barriers Industry concentration Fixed costs Industry growth Intermittent overcapacity Switching costs Brand identity Diversity of rivals Corporate stakes
![Page 49: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/49.jpg)
Other Stakeholders Employees Unions Government Trade and Professional
Associations Other Direct Influencers
![Page 50: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/50.jpg)
Role of Complementors Number of complements Relative value added Difficulty of engaging complements Buyer perception of complements Complement exclusivity Tend to increase profits by increasing
demand for an industry’s products
![Page 51: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/51.jpg)
6 FORCES EXERCISE
![Page 52: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/52.jpg)
Competitive Profile Analysis Identify Key Competitive Factors Identify key Competitors
![Page 53: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/53.jpg)
COMPETITIVE PROFILE EXERCISE
![Page 54: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/54.jpg)
Industry ForesightCustomerNeeds
Unarticulated
Articulated
Customer
Served Unserved Types
![Page 55: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/55.jpg)
Internal Environment Internal Profile Analysis SWOT Analysis
![Page 56: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/56.jpg)
Internal Profile Analysis Identify Key Core Functions Identify Key Measures for Core
Functions Build Matrix
![Page 57: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/57.jpg)
SWOT Analysis Internal Environment
Strengths Weaknesses
External Environment Opportunities Threats
![Page 58: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/58.jpg)
SWOT EXERCISE
![Page 59: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/59.jpg)
Strategic Management Model Strategy Formulation
Where do we want to be? Vision Mission Values Goals Objectives
![Page 60: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/60.jpg)
GOAL Supports the Mission Deals with One Issue or Item of Focus Reflects a primary activity or
strategic direction Describes the “To Be” State “BHAG” Encompasses a long period, i.e. at
least 3 years
![Page 61: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/61.jpg)
Goal Examples Achieve excellence in the delivery of
disaster recovery and mitigation programs. Professionally develop our employees as a
reflection of DAD’s key attributes and values.
Increase the supply of housing, especially affordable housing.
Become a model for customer service. To provide benefits in correct amounts and
issued in a timely manner.
![Page 62: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/62.jpg)
Goal Statements Litmus Test
![Page 63: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/63.jpg)
Goal Exercise
![Page 64: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/64.jpg)
OBJECTIVES Add specificity beyond Goals Answer the questions
What is to be accomplished? When?
Should contain the SMART Elements
![Page 65: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/65.jpg)
OBJECTIVES: SMART Model Specific Measurable Aggressive but Attainable Results-Oriented Timeframe
![Page 66: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/66.jpg)
Strategic Objective Examples By June 30, 2005 achieve 75% rating on
the DAD service index from all stakeholders.
Increase sales growth 6-8% in the next 5 years. (P&G)
Cut corporate overhead costs by $30 million per year. (Fortune Brands)
Operate 6,000 stores by 2010 – up from 3,000 in the year 2000. (Walgreen’s)
Reduce greenhouse gases by 10 percent (from a 1990 bast) by 2010. (BP Amoco)
![Page 67: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/67.jpg)
Objectives Litmus Test
![Page 68: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/68.jpg)
Strategic Objective Exercise
![Page 69: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/69.jpg)
Strategic Management Model Strategy Implementation
Everyone is Responsible Few Guidelines No Easy 10-Step Checklist to Follow
![Page 70: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/70.jpg)
Strategic Management Model Strategy Implementation
Most open-ended part of Strategic Mgmt
People implement strategies not Organizations
![Page 71: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/71.jpg)
Strategic Management Model Strategy Implementation
How do we get there? Work Action Plans GOOMs
![Page 72: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/72.jpg)
Strategy Implementation Considerations 7-S Framework – Strategic Fit Human Resources Patience
![Page 73: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/73.jpg)
7-S Framework Shared Values Strategy Structure Systems Skills Style Staff
![Page 74: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/74.jpg)
Human Resource Rule Hire Smart Train Hard Manage Easy
![Page 75: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/75.jpg)
Parable of the BambooIt takes patience and discipline to develop
and empower people; in fact, it’s like growing bamboo. Once the seed is planted, you must water it daily for four years before the tree breaks ground – then it grows 60 feet in 90 days! Executives who nurture people can get similar results…How, you ask, can such rapid growth be possible? It results from the miles of roots that develop in those first four years. Preparing people to perform is the task of leadership.
![Page 76: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/76.jpg)
Implementation Strategies GOOMs Implementation Conference CEO involvement Other Strategies?
![Page 77: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/77.jpg)
GOOMs Goals Outcomes Objectives Measures
![Page 78: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/78.jpg)
Definitions Goal: Broad, General BHAG Outcome: Desired end result and
report performance Objective: What and When Measure: A quantified unit that
assesses progress or achievement
![Page 79: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/79.jpg)
GOOM ExampleGoal 1: Achieve excellence in the delivery
of disaster recovery and mitigation.Outcome: Increased Customer
SatisfactionObjective 1.1: By June 30, 2005,
achieve 75% rating on the DAD Service Index from all stakeholders.
Measure: DAD Service Index (DSI)
![Page 80: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/80.jpg)
GOOM Exercise
![Page 81: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/81.jpg)
Work Action Plan Template
Sponsor: Completion Date Organization: n.n Goal
Outcome
n.n Objective
Measure
Task Description Team Lead Staff Hours Completion
Date
Plan- Do-C
heck-Act
![Page 82: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/82.jpg)
Strategic Management Model Measurement / Performance
Why do we measure our progress?
![Page 83: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/83.jpg)
Why Measure?Reactive Reasons Government Intervention Fewer Resources and Smaller
Budgets Increased Demand for
Accountability Mandated
![Page 84: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/84.jpg)
Why Measure?Proactive Reasons Makes us more responsive to public needs Provides feedback on mission
accomplishment Creates blueprint for linking budget to
outcomes Good management and good public policy
![Page 85: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/85.jpg)
Measurement / Performance
How do we measure our progress? 5 Types of Measures
Input Output Outcome Quality Efficiency
![Page 86: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/86.jpg)
INPUT MeasureAmount of resources needed to provide a
particular product or service.Examples: Number of FTEs or PYs Number of eligible clients Number of customers requesting
service Number of applications received Number of sales orders received
![Page 87: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/87.jpg)
OUTPUT MeasureAmount of products or services providedExamples: Percent of highways resurfaced Number of police reports filed Number of vaccinations given to school-
age children per year Number of shafts produced in a single
operating shift
![Page 88: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/88.jpg)
OUTCOME MeasureReflect the actual results achieved and/or
their impact or benefit. Examples: Reduction in incidence of disease Percentage of discharged patients living
independently Percent of increase in tourists Percent of monthly programmed sales
orders filled on time
![Page 89: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/89.jpg)
QUALITY MeasureReflect the effectiveness in meeting the
expectations of customers and stakeholders
Examples: Number of defect reports compared to
number of reports produced Number of course ratings in highest
category related to total number of course ratings
![Page 90: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/90.jpg)
EFFICIENCY MeasureAlso known as productivity
measures. Reflect the cost of providing products or services.
Examples: Output/Input Output/Time Output/Cost Outcome/Cost
![Page 91: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/91.jpg)
Keeping Plans Off The Shelf All Staff Meeting Announce Phases Review and Assess Plans at Quarterly
Sessions Sponsors and Team Leads for
Strategic Goals and Strategic Objectives
Deming Philosophy – PDCA
![Page 92: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/92.jpg)
Developing Bench Strength “Drill Down” Application Sponsors, Team Leads, and Team
Members Work Action Plan “Project” Champion Leadership Training Leadership Conference Presentations
![Page 93: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/93.jpg)
Establishing Organizational Permanence Training Emphasis Certification Awards & Recognitions “Caught-Ya” Celebrations Walk the Walk
![Page 94: Strategic Management Slides - California State University, · PPT file · Web view · 2006-07-25Strategic Management GM 105 Dr. Lindle Hatton CANOE THEORY Think of your organization](https://reader033.fdocuments.in/reader033/viewer/2022051600/5aa929937f8b9a72188c8802/html5/thumbnails/94.jpg)
NEXT STEP