This was the original question which has been answered in the word
doc, and requires rewriting, I need this to be rewritten, keeping as close to the original as possible:
Question 1
a) Liedtka (1998)
develops a five element model of strategic thinking that she connects to
strategic planning. Explain this strategic thinking model and the connection to
strategic planning.
(8 marks)
b) Sam Walsh in
Harvard Business Review explains his approach to strategic thinking during his
tenure as Chief Executive Officer (CEO) of Rio Tinto Limited (Rio Tinto). Does drafting your own policy provide you with an appreciation of the difficulties for creating universal, ethical policies?Does drafting your own policy provide you with an appreciation of the difficulties for creating universal, ethical policies? How did
Walsh (2016) and his executive team put Rio Tinto back on a path of sustainable
corporate growth? What changes in financial policies were made? What changes were
made to the investment committee? What changes were made to forecasting
approaches? How did Walsh (2016) balance shareholder and stakeholder value? (12
marks)
Question is now updated to:
(i have attached the original work in the individual word doc, and also the study materials, which are in the zip file).
Question 1
a) What does Liedtka (1998) mean by strategic thinking?
Explain carefully the concept of
thinking in time from Liedtkas (1998) strategic thinking
model and its value to the firm.
(4 marks)
b) Sam Walsh in Harvard Business Review explains his
approach to strategic thinking
during his tenure as Chief Executive Officer (CEO) of Rio
Tinto Limited (Rio Tinto).
What problems did Walsh (2016) inherit at Rio Tinto in his
new role as CEO? How did
Walsh (2016) and his executive team put Rio Tinto back on a
path of sustainable
corporate growth? What actions were taken? How was the
Investment Committee
changed? What was the insight Walsh (2016) gained from
talking to two past
Chairpersons – great corporate figures with a successful
history at Rio Tinto? Did this
help Sam Walsh with his thinking in time?
(9 marks)
c) While we reflect on thinking in time what are the major
current environmental influences
on Rio Tinto Limited? How important is China now as a market
for Rio Tinto Limited
iron ore? Financial markets can have a major influence on
firm strategy, rewarding strong
product market performance with improvements in share market
valuation. What is the
great risk to an organization like Rio Tinto Limited of
inefficient performance and a weak
share price?
(7 marks)
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