Wk 2 Discussion – Setting Direction, Advantages / Disadvantages, and Decision Models

Course Textbooks:

Gamble, J., Peteraf, M., & Thompson,
A. (2023), Essentials of strategic management, McGraw-Hill Course Content
Delivery (8th ed.), New York, NY. ISBN10: ISBN13: 9781266496028.

 Keller, T. (2014), Every good endeavor:
Connecting your work to God’s work, Riverhead Books, New York, NY. ISBN:
9781594632822.

 Krogerus, M., & Tschäppeler, R.
(2017), The decision book: 50 models for strategic thinking., W.W. Norton &
Co. (Revised ed.), New York, NY. ISBN: 9780393652376.

 Rumelt, R. (2011), Good strategy/bad
strategy: The difference and why it matters., Crown Business, New York, NY.
ISBN: 9780307886231.

Discussion Assignment Instructions

 Overall
Guidance:

 

The first six discussions in this class will
focus on a series of questions in the areas of Process (steps to be taken),
Strategic Thinking (current theory), and Decision Models (decision making
methodology. The student should organize their main thread by using the bolded
headings provided and then respond to the question. The student will post a
reply to a single main thread and should organize their reply by using the
bolded headings provided.

 Discussion Thread: Setting Direction, Advantage/Disadvantages, and Decision Models

Strategy is critical to the process of charting a company’s direction in the business environment. When evaluating strategic choices, it is important to understand key advantages and disadvantages of the various options under consideration. Decision models continue to impact strategy development and should continuously be evaluated, and others considered.

For your main thread, perform the following:

  1. Discuss the process of setting the company’s direction with strategy.
  2. Discuss a key advantage or disadvantage created by strategic choices.
  3. Discuss your current decision model(s) and others that are being considered.
  4. Develop an Annotated Bibliography for the additional references used in your discussion.
  5. Support all of your factual assertions with citations.

 

Minimum of 500 words in the body.

Minimum of 2 sources from the literature
in addition to course texts.

Use bolded headings below in the
discussion.

Current APA format must be used.

 

Use
the following outline:

·        
Introduction

·        
Process: Business Strategy Development – What is the
process for developing a business strategy? Discuss the process in no less than
200 words.

·        
Strategic Thinking: Key Decisions – What are the key decisions necessary
for making strategy
choices and why are they
important? Discuss the key decisions and their importance in no less than 150 words.

·        
Decision Model – What are my current decision models
and how do they aid / hinder this process. Discuss your current decision models
and how they aid / hinder the strategy development process in no less than 150 words.

·        
Conclusion

 

Support your
factual assertions with citations.

Include an
Annotated Bibliography, in current APA format, of the 2 additional Sources:

·        
Minimum
of 250 words in each annotation

·        
Use
the bolded headings below for each annotation

Use the following
outline:

·        
Summary of Key Points

·        
Evaluation of the Quality of the Publication

·        
Evaluation of the Quality of the Author(s)

·        
Where this fits into the discussion

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