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Exploring Strateg1

The document provides an overview of key strategic models and concepts presented in the 13th edition of "Exploring Strategy: Text and Cases" by Whittington, Angwin, Regner, Johnson, and Scholes. It discusses several approaches to strategy, including Whittington's four generic approaches of Classical, Evolutionary, Processual, and Systemic. Additionally, it summarizes commonly used frameworks like SWOT analysis, the Resource-Based View, and Porter's Five Forces model that help analyze an organization's internal strengths/weaknesses and external environment to inform strategic decision-making.

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0% found this document useful (0 votes)
353 views7 pages

Exploring Strateg1

The document provides an overview of key strategic models and concepts presented in the 13th edition of "Exploring Strategy: Text and Cases" by Whittington, Angwin, Regner, Johnson, and Scholes. It discusses several approaches to strategy, including Whittington's four generic approaches of Classical, Evolutionary, Processual, and Systemic. Additionally, it summarizes commonly used frameworks like SWOT analysis, the Resource-Based View, and Porter's Five Forces model that help analyze an organization's internal strengths/weaknesses and external environment to inform strategic decision-making.

Uploaded by

soomsoomislam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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"Exploring Strategy: Text and Cases" by Whittington, Angwin, Regner, Johnson,

and Scholes is a widely used textbook that provides comprehensive coverage


of various strategic management models and frameworks. Here, I'll provide an
overview of the key models and concepts presented in the book across its
chapters and cases:

Chapter 1: Introducing Strategy

 Definitions of Strategy: This chapter introduces the fundamental


concepts of strategy, discussing various definitions and perspectives,
including strategic planning, strategic thinking, and strategy as a
pattern.

Chapter 2: Thinking and Acting Strategically

 Mintzberg's 5Ps: This chapter introduces Henry Mintzberg's 5Ps


framework, which categorizes strategy into five components: Plan, Ploy,
Pattern, Position, and Perspective.

Chapter 3: Developing Strategic Intent

 Core Competencies: The chapter explores the concept of core


competencies, emphasizing the importance of unique capabilities that
give an organization a competitive advantage.

Chapter 4: Recognizing the Need for Strategic Change

 Lewin's Change Model: Kurt Lewin's model of change (Unfreeze,


Change, Refreeze) is discussed to highlight the stages an organization
goes through when implementing strategic changes.

Chapter 5: The Environment and Competitive Advantage

 PESTEL Analysis: This chapter covers the PESTEL framework, which


helps organizations analyze their external environment by considering
Political, Economic, Social, Technological, Environmental, and Legal
factors.
Chapter 6: Understanding Resources

 Resource-Based View (RBV): The Resource-Based View of the firm is


explained, focusing on how a firm's unique resources and capabilities
can be sources of competitive advantage.

Chapter 7: Business-Level Strategy

 Porter's Generic Strategies: Michael Porter's framework for business-


level strategies, including Cost Leadership, Differentiation, and Focus, is
discussed.

Chapter 8: Corporate-Level Strategy

 Portfolio Models: The chapter covers portfolio models, including the


BCG Matrix and GE-McKinsey Matrix, for analyzing a company's business
units and making decisions about resource allocation.

Chapter 9: International Strategy

 CAGE Framework: The CAGE framework (Cultural, Administrative,


Geographic, Economic) is introduced for assessing the cultural,
administrative, geographic, and economic distances between countries
to make informed international strategy decisions.

Chapter 10: Innovation and Entrepreneurship

 Innovation Models: Various models of innovation, such as Open


Innovation and the Innovation Funnel, are discussed to explore how
organizations can drive innovation.

Chapter 11: Corporate Governance and Ethics

 Corporate Governance Models: Different models of corporate


governance, including shareholder vs. stakeholder models, are
examined, along with the importance of ethics in strategic decision-
making.
Chapter 12: The Strategy Process

 Strategic Planning Process: The chapter covers the stages of the


strategic planning process, from setting objectives and formulating
strategies to implementing and evaluating them.

Chapter 13: Strategy as Practice

 Strategy-As-Practice Perspective: This chapter explores the idea that


strategy is not just a plan but is embedded in the daily practices,
routines, and actions of an organization.

Chapter 14: Critical Approaches to Strategy

 Critical Perspectives on Strategy: This chapter introduces critical


approaches to strategy, including power relations, politics, and the
impact of societal norms on strategic decisions.

Chapter 15: Case Studies

 Throughout the book, various real-world case studies are presented to


apply the concepts and models discussed in each chapter to practical
situations, allowing readers to see how these strategies are
implemented in organizations.

These models and frameworks are essential tools for understanding and
analyzing different aspects of strategic management. They provide a
foundation for making informed strategic decisions and assessing an
organization's competitive position in its industry and the broader business
environment.
In "Exploring Strategy: Text and Cases" by Whittington, Angwin, Regner, Johnson, and Scholes,
various strategic models are presented and discussed. These models offer different perspectives
on strategy, allowing organizations to analyze and approach their strategic decisions from
various angles. Here, I'll explain some of the key strategic models from the chapters and cases in
the 13th edition of the book:

1. The Classical Perspective:


 Description: The Classical Perspective is one of the foundational models of strategy. It
emphasizes the importance of stability, efficiency, and control in an organization's
strategy. It assumes that the environment is relatively stable, and the primary goal is to
optimize the internal processes to achieve competitive advantage.
 Application: This perspective is often used in analyzing organizations that operate in
stable industries with well-defined rules and structures. It focuses on concepts such as
cost leadership and economies of scale.

2. The Evolutionary Perspective:

 Description: The Evolutionary Perspective views organizations as evolving entities that


adapt to changes in their environments over time. It acknowledges the dynamic and
uncertain nature of the business environment and emphasizes the importance of
adaptation, learning, and evolution in strategy.
 Application: This perspective is particularly relevant for organizations operating in
industries prone to rapid change and technological advancements. It encourages
organizations to be flexible and open to experimentation.

3. The Processual Perspective:

 Description: The Processual Perspective highlights the importance of understanding an


organization's internal processes and decision-making mechanisms. It views strategy
development as an ongoing, iterative process that involves multiple stakeholders and
often unfolds informally.
 Application: This perspective is useful for organizations that need to improve their
internal communication and collaboration. It promotes a more participative approach to
strategy development and implementation.

4. Strategy-As-Practice:

 Description: Strategy-As-Practice is a model that focuses on the daily activities,


routines, and interactions within an organization. It emphasizes that strategy is not just a
document or plan but is embedded in the practices and behaviors of individuals and teams
within the organization.
 Application: This perspective is valuable for understanding how strategy is implemented
in practice. It looks at how employees interpret and enact strategy in their day-to-day
work, shedding light on issues related to culture, leadership, and knowledge sharing.

5. The Cultural Web:

 Description: The Cultural Web is a model developed by Johnson and Scholes that helps
organizations analyze their cultural assumptions and beliefs. It identifies six elements of
organizational culture, including symbols, rituals, stories, power structures,
organizational structures, and control systems.
 Application: This model is used to assess and understand an organization's culture. It
helps organizations align their culture with their strategic goals and identify areas where
cultural change may be needed to support the implementation of a new strategy.

These models provide different lenses through which organizations can view and approach their
strategic decisions. Depending on the specific context and challenges faced by an organization,
one or more of these models may be relevant and valuable in guiding strategic thinking and
action.
In the 13th edition of "Exploring Strategy: Text and Cases" by Whittington,
Regnér, Angwin, Johnson, and Scholes, several strategic models and
frameworks are presented. These models are designed to help students and
practitioners understand and analyze different aspects of strategic
management. Below, I'll explain some of the key strategic models and
concepts discussed in the book:

**1. Whittington's Four Generic Approaches:

 Richard Whittington's work introduces four generic approaches to


strategy: Classical, Evolutionary, Processual, and Systemic. These
approaches provide different lenses through which organizations can
view and formulate their strategies. The Classical approach emphasizes
planning and rational decision-making, Evolutionary highlights
adaptation and learning, Processual focuses on emergent strategies and
routines, and Systemic examines the broader socio-political context in
which strategies are developed.

**2. SWOT Analysis:

 SWOT analysis is a well-known framework for assessing an


organization's internal Strengths and Weaknesses, as well as external
Opportunities and Threats. This tool helps organizations identify
strategic issues and formulate strategies based on their current situation
and the external environment.

**3. Resource-Based View (RBV):

 The Resource-Based View is a model that emphasizes the importance of


an organization's unique resources and capabilities in gaining
competitive advantage. It suggests that firms should focus on leveraging
their distinctive strengths to create sustainable competitive positions.

**4. Porter's Five Forces:

 Michael Porter's Five Forces framework helps organizations analyze the


competitive forces in their industry. It includes the threat of new
entrants, bargaining power of suppliers, bargaining power of buyers,
threat of substitute products or services, and the intensity of rivalry
among existing competitors.

**5. Mintzberg's Five Configurations:

 Henry Mintzberg's model presents five organizational configurations:


Simple Structure, Machine Bureaucracy, Professional Bureaucracy,
Divisionalized Form, and Adhocracy. These configurations illustrate how
different organizations structure themselves to address various strategic
challenges.

**6. Ansoff's Matrix:

 The Ansoff Matrix outlines four growth strategies for businesses: Market
Penetration, Product Development, Market Development, and
Diversification. It helps organizations determine the best approach for
expanding their business in terms of both markets and products.

**7. The Cultural Web:

 The Cultural Web is a framework that assesses an organization's culture


by examining its elements, such as rituals and routines, stories, symbols,
power structures, and control systems. This model helps identify the
cultural aspects that shape an organization's strategy and behavior.

**8. The Strategy Clock:

 The Strategy Clock is a model developed by Bowman and Faulkner that


helps organizations position their products or services in relation to
competitors based on price and perceived value. It offers eight strategic
positions, each with its own advantages and risks.

**9. The Blue Ocean Strategy:

 The Blue Ocean Strategy, developed by Chan Kim and Renée


Mauborgne, encourages organizations to create uncontested market
spaces (Blue Oceans) rather than compete in overcrowded and
competitive markets (Red Oceans). This strategy focuses on innovation
and value creation.

These are just a few of the strategic models and frameworks covered in
"Exploring Strategy: Text and Cases." The book provides a comprehensive
overview of these and other concepts, helping readers develop a deeper
understanding of strategic management and its practical applications.

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