Assignment
• What is Strategy? Common Misunderstandings
• What is Strategy?
• Your Strategy Needs a Strategy
• Good Strategy's Non-Negotiables
• Goldsmith, D. (2013, July/Aug). Rethinking the company's competitive advantage. Financial Executive 29(6), 14-17.
• Papula, J., Volna, J. (2013). Core competence for sustainable competitive advantage. Academic Conference, 1-7.
• What is Strategy?: The Three Levels of Strategy
• What is Strategic Planning, Really?
• Strategic Management Process
• Creating a Strategy That Works
Quantitative:
• 15 Financial Ratios Every Investor Should Use
• Most Important Financial Ratios
• Balanced Scorecard
In reviewing Chapter one, you had the opportunity to review the 5 Ps described by Henry Mintzberg and enhance your understanding of the various ways in which firms conceptualize strategy.
1) Define Strategy as it applies to what you understand and what you learned in your reading.
2) Research and consider an organization which employs the 5 P's as strategy. Name and describe the organization. Define and identify an example of each of the 5 Ps of strategy for an organization other than the examples offered in the course material of Chapter one.
You may research an organization via the Internet or use the course material to gain additional perspective on an organization you are familiar with.
Be specific and detailed as you address the 5 P's: Plan, Ploy, Pattern, Position, Perspective. Be sure to cite any references used.
Learning Activity #2:
Exercises
1) Based on Chapter 2, review either UMUC's website or research an organization of interest to you via Internet or one you are familiar with , take note of the mission and vision of the university and/or organization and answer the following questions:
a) Describe the mission and vision
b) Does the organization meet this mission and vision statement posted? How? Why? or Why Not? Explain in thorough detail using appropriate paragraphs, sentence structure, references, etc.