Liverpool Hope Business School
Johnson, Whittington, Scholes, Angwin and Regnér, Exploring Strategy Powerpoints on the Web, 10th edition ©Pearson Education Limited 2014
At the end of this lecture, you should be able to:
Summarise the strategy of an organisation in a
Distinguish between corporate, business and
Identify key issues for an organisation’s strategy
according to the Exploring Strategy model.
Understand different people’s roles in strategy
Definitions of strategy (1)
‘…the determination of the long-run goals and objectives
of an enterprise and the adoption of courses of action and
the allocation of resources necessary for carrying out these
Alfred D. Chandler
‘Competitive strategy is about being different. It means
deliberately choosing a different set of activities to deliver
unique mix of value’
Definitions of strategy (2)
‘… a pattern in a stream of decisions’
‘…the long-term direction of an organisation’
Three horizons for strategy (1)
• Horizon 1:
Extend and defend core business.
• Horizon 2:
Build emerging businesses.
• Horizon 3:
Create viable options.
Three horizons for strategy (2)
Source: M. Baghai, S. Coley and D. White, The Alchemy of Growth, Texere Publishers, 2000. Figure 1.1, p. 5
Levels of strategy (2)
• Operational strategy is concerned with how different parts of
the organisation deliver the strategy in terms of managing
resources, processes and people.
• Business-level strategy is concerned with the way a
business seeks to compete successfully in its particular
• Corporate-level strategy is concerned with the overall
scope of an organisation and how value is added to the
constituent business units.
Levels of strategy (1)...