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Management Strategic
Module 2 &3
LEARNING OBJECTIVES
After
LEARNING OBJECTIVES
What is Strategy?
2.
at:
Strengths
Weakness
Opportunities
Threats
Competitive Strategy
Source: Reprinted with permission of The Free Press, a Division of Simon & Schuster Adult Publishing Group, from
COMPETITIVE ADVANTAGE: Creating and Sustaining Superior Performance by Michael Porter. Copyright (c) 1985,
1998 by Michael E. Porter. All rights reserved.
BUSINESS STRATEGIES
There
leadership strategy
Organizations
Their
Source: Information from Kathleen M. Eisenhardt, Strategy as Strategic Decision Making, Sloan Management Review, 40
(1999): 6572.
BUSINESS STRATEGIES
Differentiation
strategy
Organizations
Their
Soldier
Bargain Laborer
Committed Expert
Free Agent
Careers
Employees
Compensation
People are recruited because they already have the skills and
experience that they need to perform specific jobs.
and results.
Training is rare.
Short-term compensation is usually high, which
is necessary if the organization is to obtain
people with top skills.
Pay is linked specifically to individual
performance results.
Benefits and long-term compensation
packages, which tie employees to the
organization, are avoided.
Unions are rarely seen in these organizations.