Strategic Management Metaphor
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1. Think of a balloon. When you push your finger into one side, the air shifts elsewhere, affecting another surface of the balloon. The volume of air is not altered. Does this metaphor apply to strategic planning? Why or why not?
2. Why would a company stay in a declining industry? What would you do if you were the chief executive officer of such a company?
3. Reflect on on survey experience. What could be done differently? What could be repeated?
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Solution Summary
This solution of 445 words discusses strategic management by analyzing metaphors, recommendations as chief executive officer and survey experience.
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http://www.referenceforbusiness.com/management/Sc-Str/Strategic-Planning-Failure.html
http://www.forbes.com/sites/micahsolomon/2014/03/18/how-to-design-a-customer-service-survey-that-actually-captures-the-customer-experience/
https://hbr.org/1983/07/end-game-strategies-for-declining-industries
Think of a balloon. When you push your finger into one side, the air shifts elsewhere, affecting another surface of the balloon. The volume of air is not altered. Does this metaphor apply to strategic planning? Why or why not?
This analogy has validity because of the fact that even when the strategic planner has implemented their plan, this is just the beginning of the work as strategic plans are predicated upon the fallacy that business variables can be measured and predict future ...
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