Strategic options

  • Cliff Bowman
  • David Asch
Chapter

Abstract

The previous two chapters were concerned with exploring the issues inherent in a strategic appraisal of the organisation primarily by considering the objective conditions prevailing, and expected to prevail, in both the environment and the resources controlled by the enterprise. In this chapter we consider the main strategic options which are open to the firm in pursuit of its objectives. Because of the range and complexity of the options involved we intend to approach the chapter in three broad strands. First we consider the ways in which an organisation may seek to achieve its ends, ranging from liquidation to diversification. We then discuss the means by which these can be attained. The concluding section will deal with turnaround situations.

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References

  1. Strategies appropriate for differing stages of industry evolution see Porter, M. E. (1980) Competitive Strategy (New York: Free Press) Chs 9, 10, 11, and 12.Google Scholar
  2. For the relationship of diversification to performance see Reed, R. and Luffman, G. (1984) The Strategy & Performance of British Industry, 1970–80 (London: Macmillan) Chs 5, 6, and 7.Google Scholar
  3. Turnaround strategies are discussed in Slatter, S. (1984) Corporate Recovery (Harmondsworth: Penguin) Chs 2, 3, 4, and 5.Google Scholar

References

  1. Ansoff, H. I. (1965) Corporate Strategy (Harmondsworth: Penguin).Google Scholar
  2. Ansoff, H. I. (1984) Implanting Strategic Management (Englewood Cliffs, New Jersey: Prentice-Hall).Google Scholar
  3. Biggadike, R. (1979) ‘The Risky Business of Diversification’, Harvard Business Review, May—June, pp. 103–11.Google Scholar
  4. Chisnall, P. M. (1985) Strategic Industrial Marketing (London, Prentice-Hall).Google Scholar
  5. Hofer, C. W. and Schendel, D. (1978) Strategy Formation: Analytical Concepts (St Paul, Minnesota: West).Google Scholar
  6. Kotler, P. (1980) Marketing Management: Analysis Planning and Control (Englewood Cliff, New Jersey: Prentice-Hall).Google Scholar
  7. Ohmae, K. (1982) The Mind of the Strategist (New York: McGraw-Hill).Google Scholar
  8. Peters, T. J. and Waterman, R. H. (1982) In Search of Excellence (New York: Harper & Row).Google Scholar
  9. Porter, M. E. (1980) Competitive Strategy (New York: Free Press).Google Scholar
  10. Porter, M. E. (1985) Competitive Advantage (New York: Free Press).Google Scholar
  11. Reed, R. and Luffman, G. (1984) The Strategy and Performance of British Industry, 1970–80 (London: Macmillan).Google Scholar
  12. Slatter, S. (1984) Corporate Recovery (Harmondsworth: Penguin).Google Scholar

Copyright information

© Cliff Bowman and David Asch 1987

Authors and Affiliations

  • Cliff Bowman
    • 1
  • David Asch
    • 2
  1. 1.Cranfield School of ManagementUK
  2. 2.The Open UniversityUK

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