Frameworks for Effective Management: Opposing Forces, Managing Forces, and Perceived Differential Value
VerifiedAI Summary
In this ppt slide we will discuss about management and below are the summaries point:-
Framework 1: Opposing Forces
Dynamic problem-solving approach to manage pros and cons of strategy.
Helps surface errors in strategy and forces managers to seek opposing forces.
Disadvantages: Can cause power struggles between staff and management.
Framework 2: Managing Forces
Aim is to adopt forces into strategy making and provide guidance.
Helps set new strategic vision through 11 forces.
Disadvantages: Cannot accurately determine time scale and vision for adding value.
Framework 3: Perceived Differential Value
Provides insight on how a firm adds value to customers compared to competitors.
Advantages: Considers time as a crucial factor in creating strength.
Disadvantages: Can hinder efficiency and decision making in a firm via politics.