Ch1-*Chapter1TheNatureofStrategicManagementStrategicManagement:Concepts&Cases11thEditionFredDavidCh1-*petitiveadvantage”petitionwhereasmilitarystrategyisbasedonanassumptionofconflictCh1-*InputsProcess(TransformationActivities)OutputsProducts&servicesFinancialresultsInformationHumanresults(Asystem)ExternalEnvironmentInternalEnvironmentCorporate&environmentsEmployees`workactivitiesManagementactivitiesTechnologyandoperationsmethodsHumanresourcesNonhumanresourcesRawmaterialsCapitalTechnologyInformationIndustrialenvironmentCh1-*ChapterobjectiveDescribethestrategicmanagementprocessExplaintheneedforintegratinganalysisandintuitioninstrategicmanagementDefinekeytermsinstrategicmanagementCh1-*-*HistoricaldevelopmentofstrategicmanagementTheprescriptive,deliberateorplannedapproachisbasedonlongtermplanningwhichseekstoachievea“fit”anizationalstrategyandtheenvironmentinwhichitoperatesThisapproachviewsstrategicmanagementasahighlysystematizedanddeterministicprocess(Andrews,Ansoff,Argenti)Ch1-*HistoricaldevelopmentofstrategicmanagementCriticismoftheplanningapproachTheprescriptiveparadigmofstrategicmanagementhasbeencriticizedasbeingunrealistic,petitiveadvantagecanbegainedbybeingopportunisticandtakingadvantageofunforeseenopportunitiesCh1-*1980sthedevelopmentofmodernstrategymanagementMichaelEugenePorter()petitiveAdvantageofNations,MichaelPorter’,'sstrategicsystemconsistsprimarilyof:Porter'sFiveForcesAnalysisstrategicgroups(alsocalledstrategicsets)thevaluechainthegenericstrategiesofcostleadership,productdifferentiation,andfocusthemarketpositioningstrategiesofvarietybased,needsbased,essbasedmarketpositionsglobalstrategyPorter'petenceforregionaleconom
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