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Main strategy models and how/when to use them

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBL Exams › Main strategy models and how/when to use them

  • This topic has 8 replies, 4 voices, and was last updated 12 years ago by Ken Garrett.
Viewing 9 posts - 1 through 9 (of 9 total)
  • Author
    Posts
  • June 8, 2013 at 6:49 pm #130752
    vacamas2002
    Member
    • Topics: 25
    • Replies: 41
    • ☆☆

    Hi, panic starting to hit in and I am just getting a bit confused re main strategy models.

    Is there a summary of when to use certain strategy models? In the context of a question?

    I have this fear of midunderstanding what question asks using wrong model

    Could it specify what to use or is there certain ‘key phrases’ we should look out for?

    Thanks

    June 8, 2013 at 8:48 pm #130772
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    Environmental analysis = PESTEL
    Competitive environment analysis = 5 forces
    Strategic position = SWOT including PESTEL, resources (M words) stakeholders mission
    Portfolio = BCG probably

    June 9, 2013 at 3:25 am #130822
    vacamas2002
    Member
    • Topics: 25
    • Replies: 41
    • ☆☆

    Would you be able to clarify situations or ‘key phrases’ where we should use the following?

    Apolgies for all the questions, just getting panicky i think!!

    – Suitability, Feasibility, Acceptability
    – Life cycle
    – Ansoff
    – Strategy lenses
    – Mintzberg structure
    – Diamond
    – Value Chain

    June 9, 2013 at 3:28 am #130824
    vacamas2002
    Member
    • Topics: 25
    • Replies: 41
    • ☆☆

    Sorry left c ouple out out, strategy clock & ashbridge.

    Sorry just realised I’m still starting to list all of them now….

    June 9, 2013 at 4:17 am #130826
    vacamas2002
    Member
    • Topics: 25
    • Replies: 41
    • ☆☆

    Also generic strategies? Cost leader etc?

    Thanks

    June 9, 2013 at 7:44 am #130836
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    Suitability, Feasibility, Acceptability: assessment of a strategy or proposed strategy
    Life-cycle: no general guidance
    Ansoff: options to increase profits
    Strategy lenses: no general guidance – rare
    Mintzberg structure: would be asked for specifically
    Diamond: competitive strength of nations
    Value chain: usually specifically requested.
    Strategic clock: an expansion of generic strategies
    Ashridge: portfolios of companies
    Generic strategies: very common to use this. Successful companies will already be using on. unsuccessful ones are currently stuck in the middle and will have to use on in the future.

    June 9, 2013 at 8:28 am #130839
    aw0298
    Member
    • Topics: 9
    • Replies: 24
    • ☆

    Tutor, do you have an example of a question where they ask the Mintzberg model specifically? I sometime think you can have different type of structure in a same firm. esp if the company is global.

    June 9, 2013 at 10:47 am #130850
    Linda Hickson
    Participant
    • Topics: 0
    • Replies: 2
    • ☆

    To date there has only been one question expecting to see Mintzberg’s structures in the solution. This was question 3b on Dec 2010 paper (Frigate). It expected you to compare the current structure with the suggested structure (and that experienced by the person making the suggestions)

    June 9, 2013 at 6:25 pm #130907
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    Correct – that’s the one. Terrible boss!

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