Chapter 1 - Reprise . .

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Chapter 1 - Reprise . . Powered By Docstoc
					      January 28, 2009 - Agenda
•   Chapter 1/Case 1 reprise - Strategy
•   Chapter 2 - Strategists
•   Project team discussions
•   Mission statements
•   Next week – Strategic management process;
    Andrews article handout
     “Strategic Management” involves . . .

• LT direction/planning/vision, w/ significant org’l impacts

• CHOICES of position implemented through commitments
  within an interwoven system of operations that become
  difficult to reverse

• Adapting to the dynamic external environment while
  leveraging internal core competencies

• Seeking sustainable competitive advantage and above-
  average returns
       Strategies can be manifested as

•   Plan
•   Position
•   Ploy
•   Pattern
•   Perspective
•   Deliberate
•   Emergent
                     Costco
1. EXTERNAL issues should be viewed BEYOND
   the perspective of one particular firm; beware of
   bleeding internal attributes into external issues
2. (+1) Clear strategy/“insightful” discussion,
   considering insights provided from our readings
3. Financial analysis – main concern = profitability;
   revenue growth rate, liquidity, LT debt OK
4. Lower the membership fee? Broaden target?
   Broaden product selection? Broaden payment
   modes? Imitate Sam’s Club? Cut employee
   benefits? Expand furniture business? Hire a
   consultant?
     Mintzberg:“The Manager’s Job:
           Folklore and Fact”
Type of manager focused on =

Source of data for the paper =

Main point of the paper =
    Some contributions of this article:

• management folklore vs. fact

• managerial context

• 10 managerial roles

• the “well-rounded” view of managers
       Managerial “folklore”
• The manager is a systematic planner.

• The manager has no regular duties.

• Formal MIS provides the best information.

• Management is a science and a profession.
          Managerial “facts”
• Managers work at an unrelenting pace
  characterized by brevity, variety, and
  discontinuity; prefer action to reflection.
• Regular duties = ceremony, negotiations,
  gathering and processing soft information.
• Immediate verbal media is preferred.
             computer
• Management = craft, (doing and thinking
  simultaneously, adapting to conditions, not
  thinking then doing), vs. science or art.
    Management is NOT . . .
•

•

•

•
 Quotes -- vintage Mintzberg . . .
• MBA programs are socially and
  economically irresponsible.
• My problem with MBA programs is that
  they train the wrong people in the wrong
  ways for the wrong reasons.
• Society is unmanageable as a result of
  management.
  Mintzberg’s Integrated Global
   Executive MBA Program
          (“My Way”)

             5 “mind-set” modules
1. Reflective (UK)
2. Organization, analytical (McGill)
3. World context (India)
4. Collaborative (Japan)
5. Catalytic (INSEAD)
      The manager in context:
 [OUTSIDE ISSUES AND AND PLAYERS]
                  Superiors
                            
Manager:                      Peers:
values, experience,           inside issues
competencies, knowledge,      and players
mental models
                     
                Subordinates
        The Manager’s Roles:
          an integrated job

Formal
authority &
status

                Informational   Decisional
Interpersonal
                Roles           Roles
Roles

                Monitor         Entrepreneur
Figurehead
Leader          Disseminator    Disturbance
Liaison         Spokesperson    handler
                                Resource
                                allocator
                                Negotiator
    Mintzberg’s article – take away . . .

•
•
•  self-study questions for managers
• value of being aware of your own work
•  cerebral knowledge + experience + skill
•  control time by turning obligations into
  advantages and preferences into obligations
• feel and breathe the living organization
•  interest in strategic vision, org’l culture
     P. Pitcher’s “Artists, Craftsmen,
             and Technocrats”
“Artists” = bold, daring, exciting, volatile,
  intuitive, entrepreneurial, inspiring,
  imaginative, unpredictable, funny
“Craftsmen” = responsible, wise, humane,
  straightforward, open-minded, realistic,
  trustworthy, reasonable, honest, amiable,
  steeped in the organization and field
“Technocrats” = conservative, methodical,
  no-nonsense, controlled, analytical,
  determined, meticulous, intense, serious
               Pitcher: !!!?
“Give a technocrat ultimate authority and
  he/she will drive out everything else.”

“Technocrats suck the lifeblood out of the
  organization.”

“Losing artists, a company loses vision;
  losing craftsmen, it loses its humanity.”
 Huy – “In Praise of Middle Managers”

Main point =



Assumptions about middle and top managers
 (vs. Mintzberg’s assumptions)?

Consistency with Porter’s “What is Strategy”?
                  Huy:
    “In Praise of Middle Managers”
           Middle manager bashing vs.
     recognition of their value and key roles-
•   entrepreneurial
•   communication
•   “therapist”
•   “tightrope artist”
   C.Montgomery – “Putting
 Leadership Back into Strategy”
Main point =



Consistent with Porter, “What is Strategy?” ?



Favors which “P” of Mintzberg?
      C Montgomery, continued
• Important link between the strategist and
  the strategy; key role for CEO
• LEADERSHIP – to steer the course; change
  course as needed, vs. “what hot dish is this
  company bringing to the table”
• Lead consistent with the organization’s
  purpose (articulate it, implement it)
• Shared valued purpose is more powerful
  than mere choice of product/market/niche
• An ongoing adaptive endeavor – navigate!
       “Mission Statement” =
• typically the starting point for strategic
  planning/thinking/decision making
• a relatively enduring yet basic description
  of an organization’s domain
• ideally expresses the “essence” or unique
  personality of an organization in a
  compelling way
• includes 3 essential components: product;
  target market, differentiating feature
 Basic advice for creating useful
       mission statements:
1. The articulation of PRODUCT should be
  balanced between broad and narrow.
2. TARGET MARKET should be expressed
  as precisely as possible.
3. DIFFERENTIATING FEATURE should be
  specific, realistic, and truly differentiating.
4. CONCISE versions (T-shirt size?) are
  valued; more often used and remembered.
Rape and Abuse Crisis Center
provides crisis intervention, advocacy,
         and counseling services
            - free of charge -
 to all persons in the region who have
   been victims of domestic violence
            or sexual assault.
            Elderhostel:
 We are the nation’s first and the world’s
largest education and travel organization for
 adults 55 and over, dedicated to providing
    exceptional learning opportunities at
             remarkable value.

We value stimulating, expert information;
 adventure; and the spirit of camaraderie.
Mission Statements:

     SO WHAT?

    WHO CARES?

   WHY BOTHER?
Why is it so difficult to develop a
concise, compelling, and agreed-
   upon mission statement?
  Optional supplementary pieces to
  accompany the mission statement
• Vision statement - future aspirations/stretch

• Values statement - shared values and beliefs
  underlying organizational activities

• Goals statement - specific objectives, often
  quantified, for important activity areas
                              and Values
    Yahoo’s Mission most essential
     Our mission is to be the
             global Internet service for
             consumers and businesses.

                   Core values =
Excellence, innovation, customer fixation, teamwork,
                 community, and fun.

Yahoo doesn’t value bureaucracy, losing, arrogance,
  being “good enough”, the status quo, quick fixes,
   passing the buck, missing the boat, following,
               punching the clock . . .
  Mission: To establish Starbuck’s as the
 premier purveyor of the finest coffee in the
world while maintaining our uncompromising
         principles while we grow.
                   6 guiding principles:
1.   Great work environment; respect/dignity
2.   Embrace diversity as an essential component in
     how we do business
3.   Highest standards of excellence in purchasing,
     roasting, and delivery of our coffee
4.   Enthusiastically satisfied customers always
5.   Positive contribution to communities
6.   Profitability is essential for future success
    Cetero Research- Vision Statement
Cetero Research will be the premier global provider
of early clinical and bioanalytical research services
to the biotechnology, generic, and pharma industries.

We will achieve this with personal attention to detail,
consistently applying leadership, management,
scientific and ethical rigor to everything we do, and
by creating a culture that fosters change such that we
establish the benchmark for customer service,
timeliness and quality in the CRO industry.
   Mission Statement for
   NDSU MBA Program
Being careful to appropriately include
each of the three needed components,
        and compelling “spin”
    to reflect desirable aspects of
    the organizational personality
    YOUR FIRM’S MISSION
       STATEMENT?

            Statement of values?

Formal stance regarding social responsibility?

  (Email) examples welcome for next time.
 NDSU’s Mission Statement
      With energy and momentum,
     North Dakota State University
   addresses the needs and aspirations
     of people in a changing world
by building on our land-grant foundation.
                  ?????
We aspire to distinctively serve customers –
        those linked to the land –
         through a great business,
   a business as great as our products.

 To achieve this aspiration, our strategy is:
   • Exceptional operating performance;
        • Disciplined SVA growth,
  • Aligned high-performance teamwork.
      NDSU VISION
We envision a vibrant university
  that will be globally identified
 as a contemporary metropolitan
       land-grant institution.
           Peter Drucker . . .
“Establishing a mission should never be
made on plausibility alone, should never be
made fast, and should never be made
painlessly.”

“The mission decision is far too important to
be made by acclamation.”
  Mission Development Process
Who to involve?



How?



Why?

				
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posted:2/26/2012
language:English
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