Problems with Strategy: Internal and External Challenges Faced by Firms

The video explores strategic change, focusing on internal and external factors affecting success. It discusses Xiaomi's ambitious strategy and its pitfalls, differentiates between planned and emergent strategies, and examines strategic drift using Marks and Spencers as an example. The video concludes with the challenges of ownership and control in large businesses, highlighting the RBS case.

In what ways can external competition impact a firm's strategic decisions?

What factors should businesses consider when setting strategic goals?

What role does management quality play in the success of a strategy?

Discuss the potential consequences of a failing strategy for a business.