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Summary: Rethinking Strategy. | 9780761956457 | Henk W Volberda, et al

Summary: Rethinking Strategy. | 9780761956457 | Henk W Volberda, et al Book cover image
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Read the summary and the most important questions on Rethinking strategy. | 9780761956457 | edited by Henk W. Volberda and Tom Elfring.

  • 1 Theory, Schools and Practice

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  • 1.1 Schools of Thought in Strategic Management: Fragmentation, Integration or Synthesis

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  • What is meant by a "school of thought?"

    A school of thought is range of thought of a specific group of researchers. Also known as an "institutionalized paradigm."
  • Which three schools are the so called 'synthesising' schools?

    The boundary school, the dynamic capability school and the configurational school.
  • 1.1.1 Classifying Schools of Thought

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  • How many schools of thought are there as characterized by Mintzberg?

    Nine
  • Who's perspective is widely seen as the "classical perspective?"

    Andrews & Ansoff
  • Andrews and Ansoff were the first to give what discipline a separate profile?

    Strategic Management
  • What major distinction can be made between the nine different schools?

    They are either 1) prescriptive or 2) descriptive
  • Which school is responsible for the SWOT model and sees reaching a good fit between internal opportunities & external circumstances as central guidelines?

    The "design" school
  • Which school is the industrial-economic angle?

    The "positioning" school
  • Which school forms strategy by developing, formalizing and implementing an explicit plan?

    The "planning" school
  • According the the "positioning" school, what are the three generic strategies companies in a certain industry must choose from?

    Cost-leadership, differentiation or focus

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