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Essay / Research Paper Abstract
A 4 page paper providing short reviews of five articles discussing various aspects of strategy formulation, implementation and assessment. A common thread throughout all of the articles is that of correctly assessing what is and what can be, and then systematically pursuing an advantageous future. Bibliography lists 5 sources.
Page Count:
4 pages (~225 words per page)
File: CC6_KSstratArtRev.rtf
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Unformatted sample text from the term paper:
Duncan, Ginter and Swayne (1998) argue that successful strategic management depends in large part on the organizations internal structure, strengths and weaknesses. The authors use a case example
to highlight a four-stage approach to assessing internal strengths and weaknesses. The stages are surveying, categorizing, investigating and evaluating. The purpose of
the four stages is only to assess internal strengths and weaknesses, rather than alter any situation that exists. Though the assessment may uncover weaknesses that need to be addressed
for long-term success, the assessment approach enables senior management to be more aware of weaknesses that will take time to rectify while in the short term be able to progress
with formulating and implementing strategy for the future. Using Core Capabilities to Create Competitive Advantage Long and Vickers-Koch (1995) review progress of the
concept of core capabilities. Organizations gave core capabilities a great deal of attention for several years, then the concept fell out of favor for a while as other concepts
gained greater attention. The idea of "what business are we in?" remains one that is critical to gaining success in formulating and implementing strategy for the future, however, and
the concept had regained favor by the mid-1990s. The authors discuss the corporation as a legal entity and senior managers responsibility to manage
it in the most advantageous manner possible. The authors hold with Friedmans assessment that success is measured in increased shareholder value. They also maintain that only capability-based organizations
will be able to enhance shareholder value over the long term. The organization that is not capability based needs to adopt that position,
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