14: Discussion Forum Module 14: Discussion ForumDuring this course you have learned that the business environment is in a state of con
14: Discussion Forum
Module 14: Discussion ForumDuring this course you have learned that the business environment is in a state of constant change and new circumstances will require new strategies and new approaches to implementing those strategies. Apply what you have learned as you discuss the following questions.
- Describe the global business environment that is likely to develop in the next ten years.
- Considering what you learned in the article, Sociocognitive Perspectives in Strategic Management in this week's required reading, which of the three topics areas identified in the article do you think is most influential to strategic management in KSA and why?
Embed course material concepts, principles, and theories (which require supporting citations) in your initial response along with at least one scholarly, peer-reviewed journal article. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references. Use APA style guidelines.You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post’s answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.
Required:
- Chapter 15 in Contemporary Strategy Analysis
- Chapter 15 PowerPoint slides Chapter 15 PowerPoint slides – Alternative Formats
- Wei, Y. S., O’Neill, H., & Zhou, N. (2020). How Does Perceived Integrity in Leadership Matter to Firms in a Transitional Economy? Journal of Business Ethics, 167(4), 623–641. https://doi.org/10.1007/s10551-019-04168-x
- Pfarrer, M. D., Devers, C. E., Corley, K., Cornelissen, J. P., Lange, D., Makadok, R., Mayer, K., & Weber, L. (2019). Sociocognitive Perspectives in Strategic Management. Academy of Management Review, 44(4), 767–774. https://doi.org/10.5465/amr.2019.0185
- Bäumlisberger, D. (2019). The United Nations Global Compact as a Facilitator of the Lockean Social Contract. Journal of Business Ethics, 159(1), 187–200. https://doi.org/10.1007/s10551-017-3721-1
- Alotaibi, Hana J. (2020). The Impact of Strategic Planning on Innovation in Saudi SMEs. UG Journal of Economics & Business. 2021, Vol. 29 Issue 1, p276-297.
*
CONTEMPORARY STRATEGY ANALYSIS
tenth edition
Robert M. Grant
John Wiley & Sons Ltd., 2019
Chapter 15
Current Trends in
Strategic Management
The New Environment of Business
New Directions in Strategic Thinking
Redesigning Organizations
The Changing Role of Managers
Current Trends in
Strategic Management
Copyright © 2019 John Wiley & Sons, Inc.
OUTLINE
The Turbulent 21st Century
2000: Collapse of “New Economy”
- Dot.com bubble bursts
- March 2000 NASDAQ
at all-time peak
Terrorism
- Attacks of September 11, 2001
- Invasion of Afghanistan
& Iraq
Volatile Markets
E.g. Brent crude June ’09 $148; Dec. ‘09 $38
Decline of US
world influence
–emergence of a
multi-polar world
Globalization reverses
The rise of economic nationalism
2008-9:
Financial crisis
The Third Industrial Revolution:
- Digital technologies
- Intelligent systems
- Disintermediation of human beings
Demands of society
- Social & environmental responsibility
- Ethics & fairness
- Quest for meaning
Natural Disasters
Hurricanes, earthquakes, fires
2011:
Arab Spring
THE NEW ENVIRONMENT OF BUSINESS
Copyright © 2019 John Wiley & Sons, Inc.
The New Politics
- The decline of liberalism
- The rise of demogogues
- The politics of identity
Digital Technology
- Destruction of industries: travel agencies, bookstores, broadcast TV
- Rise of new industries: e-commerce, ride-share services, audio & video streaming, shared ownership,
- Transformation of industries: financial services, communications, dating
Social Forces and the Crisis of Capitalism
- Twin pillars of Western civilization—liberal democracy & market capitalism—undermined by inequality, intolerance, decline of rationalism
Competition
- Rise of dominant firms: in mature sectors (A-B Inbev, Starbucks, Boeing, Walmart; in new industries (Alphabet, Apple, Alibaba, Amazon, Facebook, Tencent)
- New competitors from emerging markets (Huawei, Haier, Infosys, Embraer)
Systemic Risk
- In interconnected world,initiasl disturbances are amplified and transmitted: e.g. Financial crisis of 2008-9, Arab Spring, Islamic State
Forces Shaping the Business Environment
THE NEW ENVIRONMENT OF BUSINESS
Copyright © 2019 John Wiley & Sons, Inc.
Ratio of average CEO compensation to
that of the average worker, USA 1965-2016
THE NEW ENVIRONMENT OF BUSINESS
Chart1
| 1965 |
| 1970 |
| 1975 |
| 1980 |
| 1985 |
| 1990 |
| 1995 |
| 2000 |
| 2005 |
| 2010 |
| 2015 |
| 2016 |
Sheet1
| Ratio of CEO pay to that of average worker | |
| 1965 | 20 |
| 1970 | 22 |
| 1975 | 25 |
| 1980 | 32 |
| 1985 | 51 |
| 1990 | 62 |
| 1995 | 123 |
| 2000 | 384 |
| 2005 | 335 |
| 2010 | 278 |
| 2015 | 286 |
| 2016 | 271 |
NEW DIRECTIONS IN STRATEGIC THINKING
Managing Options
- Turbulence increases option values
- Strategies to create options: lower
financial leverage, experimentation,
exploratory R&D, alliances,
product platforms
Seeking
More Complex Sources
of Competitive Advantage
- Multiple layers of competitive advantage
- Exploiting cross-business linkages
- Emphasis on innovation and new
business development
Understanding
Strategic Fit
- Complementarity of management
practices
- The implications of complexity
- Contextuality of linkages
Reorienting
Corporate Objectives
- Emphasis on stakeholder goals
and societal role of firms
- Focus on profit drivers rather
than stock market valuation
Rethinking Strategy
© 2019 Robert M. Grant
www.contemporarystrategyanalysis.com
Strategy
in a Digital World
- See next slide
4
4
The strategic characteristics of digital industries
Industry
structure
Importance of
complementary products
Network externalities
Complex industry
Structures (“ecosystems”)
Potential for complex and innovative business models
Competitive
advantage
Fast cycle innovation and product development
Swift erosion of competitive advantage (unless supported by network dominance)—hence need for speed
Ease of imitation of successful strategies
Critical importance of timing: strategic windows of short duration
Platform competition and winner-take-all markets)
Strategic characteristics
Strategy implications
Fungibility of IT resources
Ease of diversification between technology-based industries
NEW DIRECTIONS IN STRATEGIC THINKING
Copyright © 2019 John Wiley & Sons, Inc.
The New Environment of Business
Multidimensional
structures
Informal
organization
REDESIGNING ORGANIZATIONS
The Emerging Shape of the Business Enterprise
New Directions in Strategic Thinking
Self-
organization
Permeable
Boundaries
Copyright © 2019 John Wiley & Sons, Inc.
4
4
THE REQUIRED
COMPETENCIES OF
BUSINESS LEADERS
- motivating colleagues
- cultivating sense of purpose
- cross-cultural flexibility
- self-awareness
- resolve
- proactivity
- problem-solving
- relationship building
- vision
THE LEADERSHIP
NEEDS OF
ORGANIZATIONS
The ability to:
build confidence
build enthusiasm
cooperate
deliver results
form networks
influence others
use information
New Models of Leadership
Copyright © 2019 John Wiley & Sons, Inc.
THE CHANGING ROLEOF MANAGERS
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
