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Strategic and Operational Planning
Learning Outcomes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],After studying this chapter, you should be able to:
IDEAS ON MANAGEMENT  at Starbucks ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Exhibit 4 – 1   ●  Planning Dimensions
Strategic versus Operational Planning ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Exhibit 4 –2   ●  Strategic and Operational Planning and Strategies
Strategic Planning Strategies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Exhibit 4 –3   ●  The Strategic Planning Process
Industry and Competitive Situation Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Exhibit 4 –4   ●  Starbucks’s Five-Force Competitive Analysis
Exhibit 4 –5   ●  Parts of a Company Situation Analysis 1. Assessment of the present strategy based on performance. 2. Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis. 3. Assessment of competitive strength and identification of competitive advantage. 4. Conclusions concerning competitive position. 5. Determination of the issues and problems that need to be addressed through the strategic planning process.
Exhibit 4 –6   ●  SWOT Analysis for Starbucks Coffee
Exhibit 4 –7   ●  Competitive Strength Assessment for Starbucks Coffee
Competitive Advantage ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Goals and Objectives ,[object Object],[object Object],[object Object],[object Object]
Writing Effective Objectives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Exhibit 4 –8   ●  Criteria That Objectives Should Meet
 
Management by Objectives (MBO) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Corporate Strategies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Corporate Strategies (cont’d) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Exhibit 4 –9   ●  Grand and Growth Strategies Grand Strategy Growth (aggressively expand size) Stability (remain the same  or grow slowly) Turnaround and Retrenchment (reverse a negative trend and cut back)) Combination (mix of other three) Growth Strategies Concentration—expand existing line(s) of business Integration—expand forward and/or backward within line(s) of business Diversification—add related and/or unrelated products
Common Methods for Pursuing a Growth Strategy Mergers Acquisitions Joint Ventures Takeovers Strategic Alliances
 
Exhibit 4 – 10   ●  BCG Growth-Share Matrix
Exhibit 4 – 11   ●  The Entrepreneurial Strategy Matrix (ESM) Source : Reprinted from  Business Horizons,  Volume 40 (3), Matthew C. Sonfield and Robert N. Lussier, “The Entrepreneurial Strategy Matrix. A Model for New and Ongoing Ventures,” Copyright ©1997, with permission from Elsevier..
Business Strategies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Exhibit 4 – 12   ●  Adaptive Strategies
 
Business Strategies (cont’d) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Exhibit 4 – 13   ●  Strategies for Starbucks over the Product Life Cycle
 
Functional Strategies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Functional Strategies (cont’d) ,[object Object],[object Object],[object Object],[object Object]
Exhibit 4 – 14   ●  Standing Plans versus Single-Use Plans
Types of Plans ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Types of Plans (cont’d) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Types of Plans (cont’d) ,[object Object],[object Object],[object Object],[object Object]
 
Types of Plans (cont’d) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Implementing and Controlling Strategies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
KEY TERMS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Chapter 4 - Strategic and Operational Planning

  • 2.
  • 3.
  • 4. Exhibit 4 – 1 â—Ź Planning Dimensions
  • 5.
  • 6. Exhibit 4 –2 â—Ź Strategic and Operational Planning and Strategies
  • 7.
  • 8. Exhibit 4 –3 â—Ź The Strategic Planning Process
  • 9.
  • 10. Exhibit 4 –4 â—Ź Starbucks’s Five-Force Competitive Analysis
  • 11. Exhibit 4 –5 â—Ź Parts of a Company Situation Analysis 1. Assessment of the present strategy based on performance. 2. Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis. 3. Assessment of competitive strength and identification of competitive advantage. 4. Conclusions concerning competitive position. 5. Determination of the issues and problems that need to be addressed through the strategic planning process.
  • 12. Exhibit 4 –6 â—Ź SWOT Analysis for Starbucks Coffee
  • 13. Exhibit 4 –7 â—Ź Competitive Strength Assessment for Starbucks Coffee
  • 14.
  • 15.
  • 16.
  • 17. Exhibit 4 –8 â—Ź Criteria That Objectives Should Meet
  • 18.  
  • 19.
  • 20.
  • 21.
  • 22. Exhibit 4 –9 â—Ź Grand and Growth Strategies Grand Strategy Growth (aggressively expand size) Stability (remain the same or grow slowly) Turnaround and Retrenchment (reverse a negative trend and cut back)) Combination (mix of other three) Growth Strategies Concentration—expand existing line(s) of business Integration—expand forward and/or backward within line(s) of business Diversification—add related and/or unrelated products
  • 23. Common Methods for Pursuing a Growth Strategy Mergers Acquisitions Joint Ventures Takeovers Strategic Alliances
  • 24.  
  • 25. Exhibit 4 – 10 â—Ź BCG Growth-Share Matrix
  • 26. Exhibit 4 – 11 â—Ź The Entrepreneurial Strategy Matrix (ESM) Source : Reprinted from Business Horizons, Volume 40 (3), Matthew C. Sonfield and Robert N. Lussier, “The Entrepreneurial Strategy Matrix. A Model for New and Ongoing Ventures,” Copyright ©1997, with permission from Elsevier..
  • 27.
  • 28. Exhibit 4 – 12 â—Ź Adaptive Strategies
  • 29.  
  • 30.
  • 31. Exhibit 4 – 13 â—Ź Strategies for Starbucks over the Product Life Cycle
  • 32.  
  • 33.
  • 34.
  • 35. Exhibit 4 – 14 â—Ź Standing Plans versus Single-Use Plans
  • 36.
  • 37.
  • 38.
  • 39.  
  • 40.
  • 41.
  • 42.