module 5.pptx strategic management and corporate governance

strategic management and corporate governance for mba students

1. Current strategic Issues Module :5

2. Technology Technology is the study of scientific knowledge in order to create tools and processes that may be used to change the world by increasing efficiency in nearly every aspect of our lives. Technology has made our lives easier, and all human beings have become entirely dependent on technology.

3. Nature of technology The first featured is technology changes fast The time gap between idea and implementation is falling rapidly. New developments must be adopted and new ideas explored, otherwise the business units would perish. The effects of technology are widespread. Technology is reinforcing in its own. Technological environment is a complex set of knowledge, ideas, and methods Technological environment is dynamic.

4. Components of Technology Hardware Software Connectivity Data and Information Security

5. Innovation Innovation refers to the process of introducing new ideas, methods, products, or services that bring about positive change or improvement. It involves the application of creativity and the development of novel solutions to address challenges or to meet evolving needs. Innovation can occur in various fields, including technology, business, science, education, and more.

6. Key elements of innovation include Creativity Improvement Risk-taking Adaptability

7. Types of innovation Product Innovation Incremental Innovation Radical Innovation 2.Process Innovation: Process Optimization Radical Process Innovation 3.Service Innovation: New Services Service Process Innovation

8. 4.Business Model Innovation New Revenue Models Disruptive Business Models 5.Marketing Innovation Branding Innovation Digital Marketing Innovation 6.Organizational Innovation: Structural Innovation Cultural Innovation

9. 7 . Open Innovation Collaborative Innovation Crowdsourced Innovation 8.Technological Innovation Disruptive Technologies Sustaining Technologies 9.Social Innovation Community-Based Innovation Nonprofit and Social Entrepreneurship 10.Sustainable Innovation Environmental Innovation Circular Economy Innovation

10. Steps of Innovation Process Step 1: Idea Generation And Mobilization Step 2: Advocacy And Screening Step 3: Experimentation Step 4: Commercialization Step 5: Diffusion And Implementation

11. Blue Ocean Strategy

12. Blue Ocean Strategy The Blue Ocean Strategy is a business strategy framework developed by W. Chan Kim and Renée Mauborgne. It was introduced in their book "Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant." The strategy focuses on creating new market space, often referred to as a "blue ocean," where a company can operate in a less competitive environment and potentially achieve higher profits. This stands in contrast to the "red ocean," where companies compete in existing markets with established rivals.

13. Key concepts of the Blue Ocean Strategy include 1. Red Ocean vs. Blue Ocean 2.Value Innovation 3.Eliminate-Reduce-Raise-Create (ERRC) Grid 4.Six Paths Framework 5.Three Tiers of Non-Customers 6.Strategic Canvas 7.Execution and Renewal

14. Business Strategies During Economic Crisis (or) recession Cash rules – mind your cash flow. Manage borrowing costs by consolidating or eliminating high-cost debt. Revisit investment strategies. Pursue M&A activities – if it makes sense. Automate processes where feasible.   Focus on talent. Continue marketing your business. Plan for the unexpected.  Take advantage of tax planning to minimize the effects of taxation.   Consult the experts.  

15. Elements/ new directions in strategic thinking

16. Non-profit organization (NPO) A nonprofit organization (NPO) is one that is not driven by profit but by dedication to a given cause that is the target of all income beyond what it takes to run the organization.

17. Types of Non-Profit Organization Public Non-Profit Organizations 2) Private Non-Profit Organizations

18. Strategic issues for Non Profit organization 1 ) Formulation of mission, goals and objectives 2) Strategy formulation and implementation 3) Strategic control

19. New business models and strategy for internal economy Pure dot-com strategy A dotcom, or dot-com, is  a company that conducts business primarily through a website . A dotcom company embraces the Internet as the key component in its business. Dotcoms get their name from the URL or domain name that customers enter to visit a website. i )Distinctive Strategy that Delivers Unique Value to Buyers and Makes Buying Online Very Appealing. ii) Deliberate Efforts to Engineer Value Chain that Enables Differentiation or Lower Costs or Better Value for the Money . iii) Focus on Limited Number Competencies. iv) Strong Capabilities in Cutting-Edge. v) Innovative Marketing Techniques that are Efficient in Reaching Targeted Audience and Effective in Stimulating Purchases . vi) Minimal Reliance on Ancillary Revenues. vii) Innovative, Fresh, and Entertaining

20. Brick and Click Strategy The concept of a brick-and-click business entails selling products to consumers via several channels, one which is usually a tangible shop and the other one an e-business. The tangible location is the brick while the e-business is the click.

21. Example of Brick and Click/Mortar A local bookstore with a historic physical location serves many local customers who enjoy coming in to browse books and enjoy the cozy atmosphere. To make it easier for customers to find the books they're looking for, the bookstore opens a website that includes a searchable inventory. Individuals can now order books online or reserve them for in-store pickup, in addition to traditional, in-person browsing and purchasing options.

22. Other E-Commerce Business Models Merchant Model Brokerage Model Advertising Model Mixed Model Infomediary Model Subscription Model