1. • Write a one-two sentence personal definition of strategic planning. Base your definition on what you have encountered in the reading/materials this week, as well as on what you have already learned about the topic. • Discuss this statement by Roger L. Martin: “. . . good strategy is not the product of hours of careful research and modeling that lead to an inevitable and almost perfect conclusion. Instead, it’s the result of a simple and quite rough-and-ready process of thinking through what it would take to achieve what you want and then assessing whether it’s realistic to try. If executives adopt this definition, then maybe, just maybe, they can keep strategy where it should be: outside the comfort zone.” • Finally, describe the differences between strategic planning and business planning. 2. We will examine the strategic issues associated with Papa John’s International, which is one of the big four pizza companies today. First, have a look at one of Papa John’s videos that tells from the founder about the genesis of the company: Papa John Telling the Papa John Story (w/CC): https://www.youtube.com/user/papajohns (click) Go to our textbook (Thompson, Peteraf, Gamble & Strickland, 2015), Part 2, Case 4, and read the case regarding Papa John’s International, Inc.: Its Strategy in the Pizza Restaurant Industry (C-40 – C-49). From the case, answer the following questions, being as specific as possible: a) What are the key issues that affect Papa John’s approach to the pizza restaurant business? b) Discuss the Papa John’s strategy, using the materials you have encountered thus far in the course, e.g., which of the five approaches describes them (ch. 1), and how well do they execute the essential features of a strategic plan (ch. 2)? c) How does Papa John’s distinguish themselves among the other three large rival pizza chains and also from other small pizza chains and competitors? Finally, based on your assessment, what can you apply to organizational work in your sector from what you see regarding the Papa John company? [No citations/references required; write in the third person] Text is Thompson, A. A., Peteraf, M. A., Gamble, J. E., & Strickland, A. J. (2015). Crafting and executing strategy: The quest for competitive advantage: Concepts and cases (20th ed.). New York: McGraw-Hill Irwin. pp. 2-17. 3. Complete The NoGo Railroad case study attached. Please use the case analysis guidelines found on p. 27 in your textbook and the case analysis form found after the case. Text is: Crafting & Executing Strategy: The Quest for Competitive Advantage: Concepts and Cases, 20th ed. By Thompson, Peteraf, Strickland III, Gamble Please provide 2 references for question 1 and 2 for question 3
