The pattern of decisions made in managing organisational activities and processes with the aim of achieving competitive advantage
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What is Porter's definition of (deliberate) strategy?
Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value
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What is Weick's definition of (emergent) strategy?
Strategy is good luck rationalised in hindsight
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What is Johnson et al.'s (2014) definition of emergent strategies?
Strategies emerge on the basis of a series of decisions, a pattern in which becomes clear over time
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What are the 3 deliberate strategies on Mintzberg and Water's continuum?
Planned strategy, entrepreneurial strategy and ideological strategy
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What are the 5 emergent strategies on Mintzberg and Water's continuum?
Umbrella strategy, process strategy, unconnected strategy, consensus strategy and imposed strategy
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What is strategic ambidexterity?
A company's ability of exploring new practices, products and business models while exploiting existing ones at the same time - a capability which is both remarkably valuable and equally hard in practise
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Other cards in this set
Card 2
Front
What is Porter's definition of (deliberate) strategy?
Back
Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value
Card 3
Front
What is Weick's definition of (emergent) strategy?
Back
Card 4
Front
What is Johnson et al.'s (2014) definition of emergent strategies?
Back
Card 5
Front
What are the 3 deliberate strategies on Mintzberg and Water's continuum?
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