Study Guide for Midterm Exam - Business Strategy and Policy | B AD 4013, Exams of Business Policy and Regulation

Download Study Guide for Midterm Exam - Business Strategy and Policy | B AD 4013 and more Exams Business Policy and Regulation in PDF only on Docsity! STUDY GUIDE - B AD 4013 Midterm Process of strategic management Strategy as a process of managing change Key elements to a change process Organizational inertia The Three Laws Internal and external forces against strategic change Organizational missions The linkage between missions, goals, objectives, strategies and tactics SWOT The double-edged sword of SWOT analysis The three component relationship of the firm to the environment Environmental sectors Environmental uncertainty Organizational Responses to environmental uncertainty The structure of industries (five forces model) Identification of key competitors Role of context of strategic decision making Biases in strategic decision making Generic strategies - Cost leadership, focus, differentiation (Porter) Generic strategies – Defender, analyzer, prospector (Miles and Snow) Issues in strategy formulation Formulation portfolio models Role of risk in formulation Basic strategies, mergers, acquisitions, diversification