Strategy Formation: Situation Analysis and Business Strategy
Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations.
Chapter 6. Strategy Formation: Situation Analysis and Business Strategy
Textbook: Wheelen, T. L., Hunger, D., Hoffman, A. N., & Bamford, C. E. (2014). Concepts in strategic management and business policy (14th ed.). Upper Saddle River, NJ: Prentice Hall. ISBN-13: 9780133126129 (print), 9780133126433 (e-text)
Mintzberg, H. (1978). Patterns in Strategy Formulation. Management Science, 24(9), 934-948. http://www.jstor.org/stable/2630633
Question 1
What is the relevance of the resource-based view of the firm to strategic management in a global environment?
1.1 Learning Outcomes:
Identify and analyse role of communities of practice in knowledge management and the challenges and issues pertaining to community of practice.
6.2 Action Required:
Click on the following link to read about communities of practice, how they support the organization and different types of communities.
https://www.apqc.org/expertise/knowledge-management/communities-of-practice
6.3 Test your Knowledge (Question):
How communities of practice support organizations? Which type of community is best for the organization you work in?
