{"id":43,"date":"2014-05-13T17:44:24","date_gmt":"2014-05-13T17:44:24","guid":{"rendered":"http:\/\/opentextbc.ca\/strategicmanagement\/?post_type=chapter&p=43"},"modified":"2019-07-03T22:27:44","modified_gmt":"2019-07-03T22:27:44","slug":"conclusion","status":"publish","type":"chapter","link":"https:\/\/opentextbc.ca\/strategicmanagement\/chapter\/conclusion\/","title":{"raw":"Conclusion","rendered":"Conclusion"},"content":{"raw":"This chapter provides an overview of strategic management and strategy. Ideas about strategy span many centuries, and modern understanding of strategy borrows from ancient strategies as well as classic military strategies. You should now understand that there are numerous ways to conceptualize the idea of strategy, and that effective strategic management is needed to ensure the long-term success of firms. The study of strategic management provides tools to effectively manage organizations, but it also involves the art of knowing how and when to apply creative thinking. Knowledge of both the art and the science of strategic management is needed to help guide organizations as their strategies emerge and evolve over time. Such tools will also help you effectively chart a course for your career as well as to understand the effective strategic management of the organizations for which you will work.\r\n
\r\n

Exercises<\/p>\r\n\r\n<\/header>\r\n

\r\n
    \r\n \t
  1. Think about the best and worst companies you know. What is extraordinary (or extraordinarily bad) about these firms? Are their strategies clear and focused or difficult to define?<\/li>\r\n \t
  2. If you were to write a \u201ckey takeaway\u201d section for this chapter, what would you include as the material you found most interesting?<\/li>\r\n<\/ol>\r\n<\/div>\r\n<\/div>\r\n

    Attributions<\/h1>\r\nFigure\u00a01.8:<\/a><\/strong>\r\n\r\nRamese II Statue in Luxor Temple<\/a> by Clarence<\/a> is used under a CC BY 2.0 Licence<\/a>\u00a0(first);\r\n\r\nSamurai with sword<\/a> by Britannica<\/a> is in the Public Domain (second);\r\n\r\nTrojan horse \u00c7anakkale<\/a> by Ross Burgess<\/a> is used under CC BY-SA 2.0 Licence<\/a>\u00a0(third);\r\n\r\nTewkesbury Medieval Festival 2008 \u2013 Hail Sir Knight<\/a> by Andy Dolman<\/a> is used under CC BY-SA 2.0 Licence<\/a> \u00a0(fourth).\r\n\r\nFigure 1.9:<\/a><\/strong>\r\nMacchiavelli<\/a> by JoJan<\/a> is used under a CC BY 3.0 Licence<\/a> (first);\r\n\r\nGeorge Washington by Gilbert Stuart, 1795-65<\/a> is in the Public Domain (second);\r\n\r\nPortrait of Napoleon in his study at the Tuileries<\/a> is in the Public Domain (third);\r\n\r\nMajor General George H. Thomas<\/a> by dbking<\/a> is used under a CC BY 2.0 Licence<\/a> (fourth);\r\n\r\nMk XIX Supermarine Spitfire<\/a> by David Merrett is used under CC BY 2.0 Licence<\/a>,\r\n\r\nIS-2 tank Monument at WWII Memorial in Shatki<\/a> by Bestalex is used under CC BY-SA 2.0 Licence<\/a> (fifth)\r\n\r\nFigure 1.10:<\/a>\r\n<\/strong>Ford Model T at the White House<\/a> by Don O\u2019Brien is used under CC BY 2.0 Licence<\/a> \u00a0(top left);\r\n\r\nHarvard<\/a>\u00a0by PDru2014 is used under CC BY 2.0 Licence<\/a> (top right);\r\n\r\nFrederick Winslow Taylor crop<\/a> is in the Public Domain (top middle);\r\n\r\nSam Walton 1936<\/a> by Grey Wanderer is in the Public Domain (bottom middle);\r\n\r\nAmazon Kindle 3<\/a> by NotFromUtrecht is used under CC BY-SA 2.0 Licence<\/a> \u00a0(bottom left);\r\n\r\nThe Blue Marble<\/a> by NASA is in the Public Domain (bottom right)","rendered":"

    This chapter provides an overview of strategic management and strategy. Ideas about strategy span many centuries, and modern understanding of strategy borrows from ancient strategies as well as classic military strategies. You should now understand that there are numerous ways to conceptualize the idea of strategy, and that effective strategic management is needed to ensure the long-term success of firms. The study of strategic management provides tools to effectively manage organizations, but it also involves the art of knowing how and when to apply creative thinking. Knowledge of both the art and the science of strategic management is needed to help guide organizations as their strategies emerge and evolve over time. Such tools will also help you effectively chart a course for your career as well as to understand the effective strategic management of the organizations for which you will work.<\/p>\n

    \n
    \n

    Exercises<\/p>\n<\/header>\n

    \n
      \n
    1. Think about the best and worst companies you know. What is extraordinary (or extraordinarily bad) about these firms? Are their strategies clear and focused or difficult to define?<\/li>\n
    2. If you were to write a \u201ckey takeaway\u201d section for this chapter, what would you include as the material you found most interesting?<\/li>\n<\/ol>\n<\/div>\n<\/div>\n

      Attributions<\/h1>\n

      Figure\u00a01.8:<\/a><\/strong><\/p>\n

      Ramese II Statue in Luxor Temple<\/a> by Clarence<\/a> is used under a CC BY 2.0 Licence<\/a>\u00a0(first);<\/p>\n

      Samurai with sword<\/a> by Britannica<\/a> is in the Public Domain (second);<\/p>\n

      Trojan horse \u00c7anakkale<\/a> by Ross Burgess<\/a> is used under CC BY-SA 2.0 Licence<\/a>\u00a0(third);<\/p>\n

      Tewkesbury Medieval Festival 2008 \u2013 Hail Sir Knight<\/a> by Andy Dolman<\/a> is used under CC BY-SA 2.0 Licence<\/a> \u00a0(fourth).<\/p>\n

      Figure 1.9:<\/a><\/strong>
      \n      Macchiavelli<\/a> by JoJan<\/a> is used under a CC BY 3.0 Licence<\/a> (first);<\/p>\n

      George Washington by Gilbert Stuart, 1795-65<\/a> is in the Public Domain (second);<\/p>\n

      Portrait of Napoleon in his study at the Tuileries<\/a> is in the Public Domain (third);<\/p>\n

      Major General George H. Thomas<\/a> by dbking<\/a> is used under a CC BY 2.0 Licence<\/a> (fourth);<\/p>\n

      Mk XIX Supermarine Spitfire<\/a> by David Merrett is used under CC BY 2.0 Licence<\/a>,<\/p>\n

      IS-2 tank Monument at WWII Memorial in Shatki<\/a> by Bestalex is used under CC BY-SA 2.0 Licence<\/a> (fifth)<\/p>\n

      Figure 1.10:<\/a>
      \n<\/strong>      Ford Model T at the White House<\/a> by Don O\u2019Brien is used under CC BY 2.0 Licence<\/a> \u00a0(top left);<\/p>\n

      Harvard<\/a>\u00a0by PDru2014 is used under CC BY 2.0 Licence<\/a> (top right);<\/p>\n

      Frederick Winslow Taylor crop<\/a> is in the Public Domain (top middle);<\/p>\n

      Sam Walton 1936<\/a> by Grey Wanderer is in the Public Domain (bottom middle);<\/p>\n

      Amazon Kindle 3<\/a> by NotFromUtrecht is used under CC BY-SA 2.0 Licence<\/a> \u00a0(bottom left);<\/p>\n

      The Blue Marble<\/a> by NASA is in the Public Domain (bottom right)<\/p>\n","protected":false},"author":1,"menu_order":5,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-43","chapter","type-chapter","status-publish","hentry"],"part":382,"_links":{"self":[{"href":"https:\/\/opentextbc.ca\/strategicmanagement\/wp-json\/pressbooks\/v2\/chapters\/43","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opentextbc.ca\/strategicmanagement\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/opentextbc.ca\/strategicmanagement\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/opentextbc.ca\/strategicmanagement\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":26,"href":"https:\/\/opentextbc.ca\/strategicmanagement\/wp-json\/pressbooks\/v2\/chapters\/43\/revisions"}],"predecessor-version":[{"id":3351,"href":"https:\/\/opentextbc.ca\/strategicmanagement\/wp-json\/pressbooks\/v2\/chapters\/43\/revisions\/3351"}],"part":[{"href":"https:\/\/opentextbc.ca\/strategicmanagement\/wp-json\/pressbooks\/v2\/parts\/382"}],"metadata":[{"href":"https:\/\/opentextbc.ca\/strategicmanagement\/wp-json\/pressbooks\/v2\/chapters\/43\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/opentextbc.ca\/strategicmanagement\/wp-json\/wp\/v2\/media?parent=43"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/opentextbc.ca\/strategicmanagement\/wp-json\/pressbooks\/v2\/chapter-type?post=43"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/opentextbc.ca\/strategicmanagement\/wp-json\/wp\/v2\/contributor?post=43"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/opentextbc.ca\/strategicmanagement\/wp-json\/wp\/v2\/license?post=43"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}