Textbook:
Hill, C., Jones, G., & Schilling, M. (2015). Strategic Management Theory: An Integrated Approach. Stamford, CT: Cengage Learning.
At its heart, this chapter is all about continuing the company’s quest for differentiation and positioning it for the wise use of its resources relative to its competition. It is specifically concerned with matters of finance and the efficient and effective use of the company’s assets and other resources.
- Chapter 5: Building Competitive Advantage Through Business-Level Strategy.
Articles, Websites, and Videos:
This article gives an excellent description of the critical role played by the finance function in the development of startegies and operational plans It presents a clear b picture of why the finance function is important and how it will blend into and faciltitate the entire process.
- BlumShapiro. (n.d.). Strategic role of finance.
This article also gives a very clear definition of the role of the finance function in planning and decision making. It is particularly related to this week’s discussion question. This particular model is also rooted in Porter’s Five Forces Model which was introduced in Unit 2.
- Kono, P. & Barnes, B. (2010). The Role of finance in the strategic-planning and decision-making process. Graziado Business Review, Volume 13 Issue 1.
(1)Discuss the impact of financial management and resources on the strategic thinking process. Do financial realities dictate your strategy or should your strategy dictate your financial plan?
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