The document discusses competitive strategies and the business environment. It covers how business strategy is created through analysis of internal resources and the external environment. Key aspects of strategy include formulation, implementation, managing competition through pricing and communication. Understanding customers is important, and tools like conjoint analysis can provide insights. Effective strategies consider the nature of the operating environment and routes to achieving competitive advantage like focusing on areas of strength. The effectiveness of strategic systems should be evaluated based on factors like alignment with goals and flexibility.

1. THE INSTITUTE OF BUSINESS DEVELOPMENT EXECUTIVE CONVERSION COURSE LECTURE SERIES COMPETITIVE STRATEGIES AND ENVIRONMENT Paul Ikele, M.Sc, MBA, FBDI, FBTM

23. EVALUATING THE EFFECTIVENESS OF A STRATEGIC SYSTEM ALLIGNMENT OF RESULTS & GOALS EFFICIENCY OF TECHNIQUES The soundness of the system in any organisation can be evaluated with criteria as follows: INTELLIBILITY ADEQUACY OF CONTROLS SYSTEMATIC REVIEW ADEQUACY OF DELEGATION & DECENTRALISATION FLEXIBILITY ADEQUACY OF COMMUNICATIONS

25. Class Debate Session

27. ISSUE Competitive Strategies and Environment always depends on the market scenarios It is realistic to evaluate the effectiveness of Competitive Strategies and Environment Issue Group Group For Against For Against Speaking Speaking 1 2 3 4

29. Regularly review the effectiveness of the Competitive Strategies and Environment for adequacy Concluding Comments