eadings and Resources
Textbook:
Hill, C., Jones, G., & Schilling, M. (2015). Strategic Management Theory: An Integrated Approach. Stamford, CT: Cengage Learning.
In Chapters 9 & 10, the authors explain the high level forms of corporate strategies particularly emphasizing vertical integration (where the entity owns and controls all the factors of production) and horizontal integration (where much of the resources required in the business are actually owned and controlled by others.) The level of collaboration and the style of planning and management required are quite different and understanding which type of process you will run or wish to run will be critical in your strategic thinking.
- Chapter 9. Corporate-Level Strategy: Horizontal Integration, Vertical Integration, and Strategic Outsourcing.
- Chapter 10. Corporate-Level Strategy: Related and Unrelated Diversification.
Articles, Websites, and Videos:
Wicked problems by definition have no simple solutions. In this piece you will discover that much of the work you have been doing is reflective of the efforts necessary to address “wicked problems.” Consider this carefully as you complete your projects.
- Conklin, J. (n.d). Wicked Problems & Social Complexity. org/wpf/wickedproblems.pdf”>http://cognexus.org/wpf/wickedproblems.pdf
Discuss the advantages and/or disadvantages of direct control of resources (e.g. mergers and acquisitions) versus the use of partnerships and collaboration with other entities.
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