Professional Documents
Culture Documents
Saurav Snehvrat
Trimester VI
Class Structure:
Sl. Topic Area 1. Introduction - Strategy Introduction - Strategic Financial 2. Management Corporate Restructuring - Meaning, 3. Types Financial Restructuring - Capital 4. Structure 5. Mergers 6. Acquisitions 7. Buyouts 8. Management Control
Class Hours
2 2 2 2 2 2 2 2
Class Structure:
9. Takeovers 10. Valuation of Firm - Enterprise Value 11. Divestitures - Why and How 12. Managing Bankruptcy 13. Problem Solving and Practice 14. Case Discussion & Presentation Total Class Hours 2 3 3 3 3 2 32
Scoring Structure:
1. Class Attendance 2. Class Participation 10 5
20
15 50 100
What is Strategy?
Johnson and Scholes Strategy is the direction and scope of an organization over the long-term: which achieves advantage for the organisation through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfill stakeholder expectations.
Michael E Porter on competitive strategy: A combination of the ends (goals) for which the firm is striving and the means (policies) by which it is seeking to get there..
What is Strategy?...features
Strategy is about winning important for success Strategy is about being different from your competitors. Strategy is long term, directional and large scale. Strategy aims to provide sustainable advantage to the firm. Strategys scope covers all organizational activities: Planning, Directing, Organizing and Controlling. Strategy leverages the unique set of resources a company has.
Hence.
Strategy requires significant change. Strategy always deals with uncertainty.
Exercise I: Answers
(Johnson, Scholl and Whittington)
Empowering everyone live their dreams. Create unmatched value for everyone through dependable, effective, transparent and profitable life insurance and pension plans. 1. Retention of its existing 90 lakh customers; 2. Minimising mis-selling and orphan policies; and three 3. Offering the security of regular salaries for its agents, a first-of-its-kind initiative in India
Mission.
Goal.
Strategy.
Operating Strategy.
INDUSTRY ATTRACTIVENESS Which industries should we be in ? RATE OF RETURN > COST OF CAPITAL How do we make money?
COMPETITIVE ADVANTAGE How should we compete?
CORPORATE STRATEGY
BUSINESS STRATEGY
Levels of Strategy
Corporate level
Determine overall scope of the organisation Add value to the different business units Meet expectations of stakeholders How to compete successfully in particular markets
Operational
1950
1960
COMPETITIVE ADVANTAGE Resources and Capabilities Shareholder Value Maximization Alliances
1970
1980
1990
STRATEGY IN THE NEW MILLENIUM CSR, business ethics Global strategies Winner take all strategies
2000
2009
Strategic management
Strategic Management is the set of managerial decisions and actions that determine the long run performance of an organization. It includes: Environmental and Internal Scanning Strategy Formulation Strategy Implementation Evaluation and Control - Wheelen and Hunger
Successful strategy
Effective Implementation