QUIZ 1- MAPRE

• Types of plans in organizations:

  • Goal orientation: a plan is developed to achieve specific objectives or goals
  • Future orientation: plans are made for future actions
  • Resource allocation: a plan outlines how the organization’s resources will be allocated to achieve the intended goals
  • Mitigation of risk: a plan can help an organization prepare for potential risk and challenges
  • Change management: a plan helps manage organizational changes by outlining how to transition from the current to the desired state
• Ploys in business strategy:

  • Competitor disruption: ploys are designed to disrupt competitor’s strategies, plans, or operations
  • Strategic surprise: ploys can catch competitors off guard, creating opportunities for the company
  • Psychological maneuvering: ploys involve psychological tactics aimed at intimidating competitors or creating a perception of superiority
  • Deception: ploys involve deception or misinformation to make competitors believe something that isn’t true
  • Diversion: diverting the competitor’s attention away from the company’s real strategic intent
• • Value proposition: reflects the organization's promised value to customers
  • Environmental fit: finding a “fit” between the organization’s capabilities and opportunities in the environment
  • Sustainable advantage: aims to achieve a sustainable competitive advantage
• Elements of organizational strategy:

  • Consistency in actions: consistent actions and decisions made by an organization over time
  • Emergent strategy: organically emerges from consistent actions and decisions forming a recognizable pattern of behavior
  • Learning and adaptation: pattern may emerge as an organization learns from experiences and adapts actions accordingly
  • Market positioning: how the organization positions itself in the market, targeting demographics, regions, or products
  • Differentiation: making choices on how to differentiate from competitors
• Aspects of organizational culture:

  • Organizational culture: shared values, beliefs, and assumptions guiding behavior within the organization
  • Worldview: organization’s philosophy about conducting business
  • Strategic vision: long-term view of where it wants to go and what it wants to achieve
  • Mindset: prevailing mentality such as growth mindset, customer-centric mindset, or sustainability mindset
  • Identity: organization’s understanding of what it stands for or how it wants to be perceived by others