Samenvatting Rethinking strategy.

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ISBN-10 076195645X ISBN-13 9780761956457
114 Flashcards en notities
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Dit is de samenvatting van het boek "Rethinking strategy.". De auteur(s) van het boek is/zijn Henk W Volberda and Tom Elfring. Het ISBN van dit boek is 9780761956457 of 076195645X. Deze samenvatting is geschreven door studenten die effectief studeren met de studietool van Study Smart With Chris.

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Samenvatting - Rethinking strategy.

  • 1 Theory, Schools and Practice

  • Tip, pay extra attention too the next questions or ask your self the next questions, when you read the article:
    - Familiarize yourself with the basics and contribution of each school.
    - Prepare yourself to argue why the boundary/dynamic capabilitiy /configurational school has the most/least synthesizing potential.
    - For the exam you are not expected to know the details of the economic theories (theories assuming firm homogenity and strong - form Darwinism, agency theory and TCE), only their value for the strategic field.
    - Connect the content of articles and ask questions. How is the Seth and Thomas nation of structure- conduct-performance (pg. 170) related to strategy-structure-fit paradigma mentioned by Spender(pg. 29)
    • What is the difference between prescriptove, descriptive, explantory and predictive research?
    • If we were to only focus on the synthesizing schools, what negative effect do you envisage for research and practise?
    • Why is moderate-form Darwinism consistent with the ontological assumptions of strategy research?
    • Why is any attack on economic rationality damaging?
  • 1.1 Schools of Thought in Strategic Management: Fragmentation, Integration or Synthesis

  • What is meant by a "school of thought?"
    A school of thought is range of thought of a specific group of researchers. Also known as an "institutionalized paradigm."
  • Which three schools are the so called 'synthesising' schools?
    The boundary school, the dynamic capability school and the configurational school.
  • Spender considers the strategy field to be a professional field with complex links to executive practice rather than an academic science or a coherent body of integrated theory.
    • The field of strategic management is extremly fragmented
    • No agreement concerning underlying theoretical dimensions en methodology > results in increased integration of theories within the strategy field.

    Fragmentation - many views
    Integration - use of theory from other diciplines
    Synthesis - combinations
  • 1.1.1 Classifying Schools of Thought

  • How many schools of thought are there as characterized by Mintzberg?
    Nine
  • Who's perspective is widely seen as the "classical perspective?"
    Andrews & Ansoff
  • Andrews and Ansoff were the first to give what discipline a separate profile?
    Strategic Management
  • What major distinction can be made between the nine different schools?
    They are either 1) prescriptive or 2) descriptive
  • Which of the 9 schools of thought are prescriptive?
    The design, planning & positioning schools
  • Which school is responsible for the SWOT model and sees reaching a good fit between internal opportunities & external circumstances as central guidelines?
    The "design" school
  • Which school is the industrial-economic angle?
    The "positioning" school
  • Which school forms strategy by developing, formalizing and implementing an explicit plan?
    The "planning" school
  • According the the "positioning" school, what are the three generic strategies companies in a certain industry must choose from?
    Cost-leadership, differentiation or focus
  • Which school believes a CEO can design an explicit 'grand strategy' for the entire organization?
    The "design" school
  • Which school states that a correct strategy can only come about by means of frequent and systematic forecasting, planning & control?
    The "planning" school
  • Which approach is exceedingly deterministic and has little to no room for management to formulate strategies?
    The "environmental" school
  • The "environmental" school is influenced most by the work of who?
    Population-ecologists
  • Which school stipulates that a strategy can only be successful if it is deeply rooted in the company culture?
    The "cultural" school
  • What is at the root of strategy making in the "cultural" and the "political" schools?
    "Non-logical" incrementalism
  • Which school stipulates that "strategic management is necessarily a fragmented process?"
    The "learning" school
  • How do the "cognitive" and "learning" schools believe strategy comes about?
    Incrementally and in an emerging way
  • In what school is the environment considered very demanding and/or difficult to understand?
    The "cognitive" and "learning" schools
  • Among other factors, what main factors does the "positioning" school not take into consideration?
    Culture & ideology
  • Mintzberg: the difference between schools is governed by the underlying base dicipline.

    One of the disticntions made by Mintzberg:
    Prescriptive - Design, Planning, Positioning schools
    Descriptive - Other schools
  • In what school is the environment NOT a stable factor?
    The "entrepreneurial" school
  • Which school is responsible for the development of the SWOT model.
    The design school.
  • Design school central guideline: reaching a good fit between internal and external circumstances.
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