Coherent actions to implement the firms guiding policy
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Strategy Implementation
determined primarily by two factors: industry effects and firm effects
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firm performance
firm performance attributed to the actions managers take
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firm effects
HOW to compete (cost leadership, differentiation, integration)
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business strategy
1. economic (must do)
2. legal (have to do)
3. ethical (should do)
4.philanthropic (might do)
(3 and 4 are discretionary activities)
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4 components of CSR
, CEO/TMT
will and humility
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level 5 leaders
Decision tool where managers can recognize, assess, and address the needs of
different stakeholders, allowing the firm to achieve competitive advantage while
acting as a good corporate citizen
-power
-legitimacy
-urgency
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stakeholder impact analysis
1. CEO pay compared to average employee pay (373 to 1)
2. Firm performance and CEO pay
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CEO pay issues (2)
WHERE to compete (industry, market, geography)
Give this one a try later!
Give this one a try later!
Strategy Implementation
determined primarily by two factors: industry effects and firm effects
,Give this one a try later!
firm performance
firm performance attributed to the actions managers take
Give this one a try later!
firm effects
HOW to compete (cost leadership, differentiation, integration)
Give this one a try later!
business strategy
1. economic (must do)
2. legal (have to do)
3. ethical (should do)
4.philanthropic (might do)
(3 and 4 are discretionary activities)
Give this one a try later!
4 components of CSR
, CEO/TMT
will and humility
Give this one a try later!
level 5 leaders
Decision tool where managers can recognize, assess, and address the needs of
different stakeholders, allowing the firm to achieve competitive advantage while
acting as a good corporate citizen
-power
-legitimacy
-urgency
Give this one a try later!
stakeholder impact analysis
1. CEO pay compared to average employee pay (373 to 1)
2. Firm performance and CEO pay
Give this one a try later!
CEO pay issues (2)
WHERE to compete (industry, market, geography)
Give this one a try later!
