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Your answer in respect of My previous problem that I posted was too much helpful to me . Again I wanna gives you thanx. My current problem is strategic choice vs strategic option.
Question : I can’t distinguish between strategic option and strategic choice . Those are seen to me almost similar . And also facing difficulties to separate model under those two heading.
Could you please clear me difference between two (option and choice) and relevant model under two heading ( strategic option and strategic choice)
Hoping your answers available soon .
Thanx in advance.Options are what you could do. For example, open abroad, take-over another company, develop a new product, move up-market.
Choise is what you decide to do. For example, open abroad.
So the options are all whats available to the company and then choice of one is made?
Evolution
Transformational change implemented gradually trough inter related initiatives; likely to be proactive change under taken in participative change undertaken in participation of the need for future change Adaptation
Change undertaken to realign the way in which the organization operates; implemented in a series of steps
– Speed of change incremental
-Extent of change transformationRevolution
Transformational change that occurs via simultaneous initiatives on many front:
– More likely to be forced and reactive because of the changing competitive conditions that the organization is facing Reconstruction
Change undertaken to realign the way in which the organization operates with many initiatives implemented simultaneously;
– Often forced and reactive because of changing competitive context Speed of change Big bang
Extent of change Transformation
Adaptation
Change undertaken to realign the way in which the organization operates; implemented in a series of steps
– Speed of change incremental
-Extent of change realignment
Reconstruction
Change undertaken to realign the way in which the organization operates with many initiatives implemented simultaneously;
– Often forced and reactive because of changing competitive contextSpeed of change realignment
-Extent of change big bangStrategic choice
Porter’s generic strategies
The strategy clock
Ansoff’s matrix
Vertical integration
Conglomerate diversification
Acquisition vs organic growth
Joint development strategies
Strategy evaluation
So that you can use any model from the above
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