Strategic Management,1/e

15 Strategy for Special Situations and Institutions

‘When we are no longer able to change a situation – we are challenged to change ourselves’

—Viktor E. Frankl

LEARNING OBJECTIVES

• Identify different categories of organizations and the theoretical foundations upon which different strategic approaches are built.
• Understand the elements of special strategies that are crafted to steer an organization in crisis situations and familiarise with the SSSS Matrix as a tool that aid in formulating a special strategy.
• Familiarising with the basic strategy adopted by categories of organizations in different activity sectors of a nation’s economy (primary, secondary, tertiary and quaternary sectors).
• Give an overview of the fundamental considerations while ...