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Class 7 Stone Finch Inc

Class 7 Stone Finch Inc

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Published by simonadus

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Published by: simonadus on Nov 23, 2009
Copyright:Attribution Non-commercial


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Class 7Stone Finch Inc.17/11/2009
Porter said that real money lies in the industry you go to;picking the right industry
Weak customers
Weak competitors
No substitute products
Very few competitors; incompetent
Low entry barriers
Mintzberg: advocate different approach
Emerging pattern
I can look backwards at past activities, I tend todeal with things like this
kind of pattern
Strategy comes from a process of evolution
Slowly moving in the right direction
Managers with experience
Selecting; knowing what works and killing whatdoesn’t
Keeping and spreading
local adaptations
Bottom up, emergent strategy
Individual actors know the resource of ideas.
Experiment in terms of different products,marketing strategies, production, andorganizations.
If you’re gonna have this as a emerging pattern;you’ll need the individual line/middle managers tocome up with these ideas.
Structures; patterns, resources, roles
Which strategy is better?
As a plan?
As a pattern?
Diffused: information is at all levels of the organization
Pyramid: process takes a lot of time; in stableenvironment this is ok. In rapid changing environmentyou need more experiments and evolutionary approach.
Four types of generic strategies
Focus low cost
Synergetic low cost
Focused differentiator
Synergetic differentiator
greater task uncertainty
Divisions aren’t related to each other
Different companies/subunits
different kind of strategies

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