The document discusses performing internal and external assessments for strategic management. It covers analyzing external factors like economic, social, technological and competitive conditions. Key internal factors include distinctive competencies and resources. The resource-based view argues internal resources are most important for competitive advantage. Functional areas like management, marketing, finance and production are also assessed internally. Tools like the EFE matrix and IFE matrix are used to evaluate external opportunities/threats and internal strengths/weaknesses.
The document discusses strategy formulation and situational analysis using the SWOT approach. It describes SWOT analysis as a tool that identifies internal strengths and weaknesses and external opportunities and threats for a company. It also discusses criticisms of SWOT analysis such as using a single point in time and not being connected to customer views. The document then covers generating a strategic factors analysis summary matrix, finding market niches, reviewing mission and objectives, and Porter's competitive strategies of cost leadership, differentiation, cost focus, and differentiation focus. It analyzes industry structures and discusses cooperative strategies like strategic alliances.
Strategic Management Slides - Chapter 3 "the External Assessment"Rabia Rajput
For all business assignments, projects, slides and internship please contact me on below email:
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This document discusses different types of strategies that companies can employ as part of their strategic management. It describes long-term objectives, financial and strategic objectives, the balanced scorecard technique, levels of strategies for large and small companies, and various intensive, vertical integration, diversification, and defensive strategies. Key strategies mentioned include market penetration, product development, forward and backward integration, related and unrelated diversification, retrenchment, divestiture, and liquidation.
Internal Audit | Business Strategic Planning | Resource Based View | Function...FaHaD .H. NooR
The document discusses performing an internal assessment to formulate strategies. It covers evaluating a company's management, marketing, finance, production, research and development, and information systems. Conducting an internal audit involves analyzing strengths and weaknesses in these areas. The results can be used to complete an Internal Factor Evaluation matrix to guide strategy formulation. Key factors that support competitive advantage are distinctive competencies, organizational culture, resources and capabilities.
The document provides an overview of key concepts in strategic management, including:
1. Strategic management involves formulating, implementing, and evaluating cross-functional decisions to achieve organizational objectives.
2. The strategic management process includes developing a vision/mission, assessing external opportunities/threats and internal strengths/weaknesses, setting long-term objectives, and selecting/implementing strategies.
3. Benefits of strategic management include improved financial performance, enhanced problem solving, and better coordination.
Strategic management involves three main stages: strategy formulation, strategy implementation, and strategy evaluation. In strategy formulation, companies determine their vision, mission, external opportunities and threats, internal strengths and weaknesses, long-term objectives, and alternative strategies. In strategy implementation, companies develop annual objectives, policies, and allocate resources to achieve the strategic plan. In strategy evaluation, companies conduct internal and external reviews to measure performance and make corrective actions. Effective strategic management provides benefits such as enhanced awareness of threats and improved understanding of competitors' strategies.
This document summarizes key concepts from Chapter 1 of the textbook "Strategic Management: Concepts & Cases". It discusses the three stages of the strategic management process - strategy formulation, implementation, and evaluation. Strategy formulation involves assessing external opportunities/threats and internal strengths/weaknesses to develop long-term objectives and alternative strategies. Implementation requires setting annual objectives, policies, and allocating resources. Evaluation involves measuring and reviewing performance for corrective actions. The overall goal of strategic management is gaining and sustaining competitive advantage.
The chapter discusses performing an external assessment, which involves environmental scanning and industry analysis. It describes conducting an external strategic management audit to identify opportunities and threats in the external environment. A key part of the audit is using Porter's Five Forces model to analyze industry competitiveness and determine if adequate profits can be earned. The chapter also covers developing an External Factor Evaluation matrix to assess organizational responses to external factors.
The document discusses strategy formulation and situational analysis using the SWOT approach. It describes SWOT analysis as a tool that identifies internal strengths and weaknesses and external opportunities and threats for a company. It also discusses criticisms of SWOT analysis such as using a single point in time and not being connected to customer views. The document then covers generating a strategic factors analysis summary matrix, finding market niches, reviewing mission and objectives, and Porter's competitive strategies of cost leadership, differentiation, cost focus, and differentiation focus. It analyzes industry structures and discusses cooperative strategies like strategic alliances.
Strategic Management Slides - Chapter 3 "the External Assessment"Rabia Rajput
For all business assignments, projects, slides and internship please contact me on below email:
rabi_117@hotmail.com
rabi_117@hotmail.com
rabi_117@hotmail.com
rabi_117@hotmail.com
rabi_117@hotmail.com
rabi_117@hotmail.com
rabi_117@hotmail.com
rabi_117@hotmail.com
rabi_117@hotmail.com
This document discusses different types of strategies that companies can employ as part of their strategic management. It describes long-term objectives, financial and strategic objectives, the balanced scorecard technique, levels of strategies for large and small companies, and various intensive, vertical integration, diversification, and defensive strategies. Key strategies mentioned include market penetration, product development, forward and backward integration, related and unrelated diversification, retrenchment, divestiture, and liquidation.
Internal Audit | Business Strategic Planning | Resource Based View | Function...FaHaD .H. NooR
The document discusses performing an internal assessment to formulate strategies. It covers evaluating a company's management, marketing, finance, production, research and development, and information systems. Conducting an internal audit involves analyzing strengths and weaknesses in these areas. The results can be used to complete an Internal Factor Evaluation matrix to guide strategy formulation. Key factors that support competitive advantage are distinctive competencies, organizational culture, resources and capabilities.
The document provides an overview of key concepts in strategic management, including:
1. Strategic management involves formulating, implementing, and evaluating cross-functional decisions to achieve organizational objectives.
2. The strategic management process includes developing a vision/mission, assessing external opportunities/threats and internal strengths/weaknesses, setting long-term objectives, and selecting/implementing strategies.
3. Benefits of strategic management include improved financial performance, enhanced problem solving, and better coordination.
Strategic management involves three main stages: strategy formulation, strategy implementation, and strategy evaluation. In strategy formulation, companies determine their vision, mission, external opportunities and threats, internal strengths and weaknesses, long-term objectives, and alternative strategies. In strategy implementation, companies develop annual objectives, policies, and allocate resources to achieve the strategic plan. In strategy evaluation, companies conduct internal and external reviews to measure performance and make corrective actions. Effective strategic management provides benefits such as enhanced awareness of threats and improved understanding of competitors' strategies.
This document summarizes key concepts from Chapter 1 of the textbook "Strategic Management: Concepts & Cases". It discusses the three stages of the strategic management process - strategy formulation, implementation, and evaluation. Strategy formulation involves assessing external opportunities/threats and internal strengths/weaknesses to develop long-term objectives and alternative strategies. Implementation requires setting annual objectives, policies, and allocating resources. Evaluation involves measuring and reviewing performance for corrective actions. The overall goal of strategic management is gaining and sustaining competitive advantage.
The chapter discusses performing an external assessment, which involves environmental scanning and industry analysis. It describes conducting an external strategic management audit to identify opportunities and threats in the external environment. A key part of the audit is using Porter's Five Forces model to analyze industry competitiveness and determine if adequate profits can be earned. The chapter also covers developing an External Factor Evaluation matrix to assess organizational responses to external factors.
SM CH 10 ETHICS/SOCIAL RESPONSIBILITY/SUSTAINABILITYShadina Shah
This document discusses ethics, social responsibility, sustainability, and related strategic issues. It covers why ethics is important for business, issues like whistleblowing and bribery, the debate around social responsibility, environmental sustainability and reporting standards, and concerns regarding animal welfare. The key learning objectives are explaining why these non-financial factors are important considerations for strategic planning.
This document discusses strategy evaluation and control. It explains that strategy evaluation ensures companies achieve their objectives by comparing performance to goals and taking corrective actions. An effective evaluation process determines metrics, sets standards, measures performance, and takes action if needed. The document also outlines Rumelt's criteria for evaluating strategies, which are consistency, consonance, feasibility, and competitive advantage. It notes that evaluating strategies is challenging due to increasing environmental complexity and uncertainty.
This chapter discusses various strategic management concepts including long term objectives, financial and strategic objectives, levels of strategies for large and small companies, types of strategies such as vertical integration, intensive strategies, diversification strategies, defensive strategies, and Porter's five generic strategies. It also discusses strategic management in nonprofit and governmental organizations. The chapter concludes with an exercise analyzing a case study on Estee Lauder.
The document discusses key concepts in strategic management including:
1) Strategic management involves formulating, implementing, and evaluating cross-functional decisions to achieve organizational objectives.
2) The strategic management process consists of three stages: strategy formulation, implementation, and evaluation.
3) Strategic management requires integrating both analysis and intuition when making decisions under uncertain conditions.
4) Firms must adapt to changes in the external environment and internal capabilities to achieve sustained competitive advantage.
This document discusses various data collection methods. It covers primary methods like focus groups and panels. Focus groups involve 8-10 members discussing a topic for 2 hours led by a moderator. Panels meet more than once. Secondary data sources include published materials, databases, and case studies. Common collection methods are interviews, questionnaires, and observation. Interviews can be unstructured or structured. Questionnaires can be administered in-person or via mail. Factors that impact data quality like question wording, question type, and potential biases are also reviewed.
This document discusses various strategies for implementing organizational changes, including establishing annual objectives, revising policies and structures, and allocating resources. It compares functional and divisional organizational structures and describes how a matrix or strategic business unit structure can be used. Restructuring aims to reduce costs through downsizing while reengineering focuses on improving processes for employees and customers.
This is a presentation given in the MBS MSc Innovation Management course taught by Prof. Silvia for group assignment to introduce and discuss the paper Dynamic Capabilities and Strategic Management by Teece D., Pisano G., and Shuen A. in 1997.
The document discusses the importance of vision and mission statements for businesses. It provides examples of vision statements from companies like Tyson Foods, General Motors, and PepsiCo. It also provides examples of mission statements from companies like Fleetwood Enterprises, Procter & Gamble, Dell, and L'Oreal. The document outlines the key benefits of having a clear mission statement, including better financial results, unanimity of purpose, and establishment of company culture. It emphasizes that developing vision and mission statements requires participation from managers to get commitment. The statements should balance specificity and generality to guide the company while allowing for growth.
This document provides an overview of strategic management concepts. It defines strategy as a series of actions determined by a firm's situation to achieve goals. Strategic management is described as analyzing, formulating, implementing, and evaluating actions to achieve organizational objectives. The strategic management process involves selecting a mission, analyzing external opportunities/threats and internal strengths/weaknesses, and selecting strategies to leverage strengths and address weaknesses. Cognitive biases that can influence strategic decision-making are also discussed.
This chapter discusses how to perform an internal strategic management audit and analysis of a firm. It covers evaluating a firm's internal resources, capabilities, and functional areas. These include management, marketing, finance, production, research and development, and information systems. Tools like financial ratio analysis, value chain analysis, benchmarking and an internal factor evaluation matrix are presented to assess a firm's internal strengths and weaknesses. The objectives are to understand a firm's internal environment and identify areas for improvement to achieve competitive advantage.
This document is from a chapter on business ethics, social responsibility, and environmental sustainability. It discusses key topics related to ethics within organizations like developing codes of conduct and addressing unethical behavior. It also covers how companies can be socially responsible to various stakeholders and ensure environmental sustainability through practices like reducing waste and developing green technologies. The chapter notes how firms are increasingly expected to consider ethics, social impacts, and environmental protection in their strategies and operations.
The document discusses factors in a firm's external environment including remote, industry, and operating environments. It covers economic, social, political, technological, and ecological factors. It also discusses analyzing industries and competitors through examining industry structure, boundaries, competitive forces, and profiles of customers, suppliers, and creditors.
This document discusses research methodology and provides an overview of key concepts in business research. It begins by defining business research and describing commonly researched areas. It then discusses the types of business research as applied or basic. Managers are said to benefit from research knowledge by identifying and solving problems, making informed decisions, and hiring consultants effectively. The document outlines the scientific research process and hallmarks as purposive, rigorous, testable, replicable, precise, objective, and generalizable. Variables, scales of measurement, and developing a theoretical framework and hypotheses are also discussed.
I’m a young Pakistani Blogger, Academic Writer, Freelancer, Quaidian & MPhil Scholar, Quote Lover, Co-Founder at Essar Student Fund & Blueprism Academia, belonging from Mehdiabad, Skardu, Gilgit Baltistan, Pakistan.
I am an academic writer & freelancer! I can work on Research Paper, Thesis Writing, Academic Research, Research Project, Proposals, Assignments, Business Plans, and Case study research.
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SM CH 6 STRATEGY GENERATION AND SELECTIONShadina Shah
This document discusses various strategic analysis tools used in strategy formulation including the SWOT analysis, SPACE matrix, BCG matrix, IE matrix, Grand strategy matrix, and QSPM. It describes how each tool is used to analyze a company's internal strengths and weaknesses as well as external opportunities and threats to help identify strategic options. The document also notes that organizational culture and politics can influence strategic choices and outlines best practices for board governance in strategic planning.
This document discusses several theories of knowledge management. It introduces the multi-perspective theory, which views knowledge management from technical, organizational, and personal perspectives. It also describes the triology model, which includes the OODA loop model, SECI model, and Oinas-Kakkonen model for understanding knowledge management processes. Finally, it discusses the KISARD model and knowledge management hypercube strategy.
The document discusses various aspects of conducting an internal assessment or audit of a company. It covers evaluating the strengths and weaknesses in key functional areas like management, marketing, finance, production, research and development, and management information systems. The internal audit helps identify distinctive competencies and resources that can provide a competitive advantage. It also involves analyzing internal forces and capabilities to determine objectives, strategies and the company's mission.
The document discusses various concepts related to environmental scanning and industry analysis for strategic planning purposes. It defines environmental scanning as monitoring external factors to avoid surprises and ensure long-term success. Industry analysis techniques discussed include Porter's Five Forces model and PEST analysis. Porter's model assesses rivalry, barriers to entry, supplier and buyer power, and substitution threats. PEST analyzes political, economic, social and technological factors. The document also covers strategic groups which identify competitors pursuing similar strategies, and strategic types like defenders, prospectors and analyzers.
This chapter discusses strategy review, evaluation and control. It is important for organizations to regularly review and evaluate their strategies to ensure they are still effective and aligned with the changing internal and external environments. The chapter outlines the key aspects of strategy evaluation, including examining the underlying bases of the strategy, comparing expected vs actual results, and taking corrective actions. It also discusses various quantitative and qualitative criteria that can be used to measure organizational performance and evaluate strategy effectiveness, such as financial ratios and the balanced scorecard approach. Contingency planning and auditing are also covered as important parts of the strategy evaluation process.
This document discusses key concepts from chapters 1 and 5 of the 14th edition of the marketing management textbook. It covers topics such as perceived value, customer satisfaction, loyalty, quality management, customer relationship management strategies, and building customer bonds. The document contains chapter outlines, definitions of important terms, and brief explanations of frameworks and models for evaluating customer value, satisfaction, retention and lifetime value.
The chapter discusses conducting an external strategic audit to identify opportunities and threats from external forces. It covers 10 key external forces including economic, social, technological and competitive forces. It describes sources of external information, forecasting tools, and the importance of monitoring trends. Key parts of an external audit are identifying competitors' strengths/weaknesses and developing matrices to evaluate external factors. Conducting an audit involves gathering information, prioritizing factors, and communicating the most important ones. The chapter also discusses Porter's five forces model of competition.
The document outlines the key aspects of conducting an external assessment for strategic management. It discusses 10 major external forces that affect organizations, including economic, social, cultural, demographic, environmental, political, governmental, legal, technological and competitive forces. It describes how to identify opportunities and threats by gathering external information, analyzing trends, and developing tools like the External Factor Evaluation Matrix and Competitive Profile Matrix. The overall goal of an external assessment is to understand external factors beyond a firm's control that may impact its performance and strategies.
SM CH 10 ETHICS/SOCIAL RESPONSIBILITY/SUSTAINABILITYShadina Shah
This document discusses ethics, social responsibility, sustainability, and related strategic issues. It covers why ethics is important for business, issues like whistleblowing and bribery, the debate around social responsibility, environmental sustainability and reporting standards, and concerns regarding animal welfare. The key learning objectives are explaining why these non-financial factors are important considerations for strategic planning.
This document discusses strategy evaluation and control. It explains that strategy evaluation ensures companies achieve their objectives by comparing performance to goals and taking corrective actions. An effective evaluation process determines metrics, sets standards, measures performance, and takes action if needed. The document also outlines Rumelt's criteria for evaluating strategies, which are consistency, consonance, feasibility, and competitive advantage. It notes that evaluating strategies is challenging due to increasing environmental complexity and uncertainty.
This chapter discusses various strategic management concepts including long term objectives, financial and strategic objectives, levels of strategies for large and small companies, types of strategies such as vertical integration, intensive strategies, diversification strategies, defensive strategies, and Porter's five generic strategies. It also discusses strategic management in nonprofit and governmental organizations. The chapter concludes with an exercise analyzing a case study on Estee Lauder.
The document discusses key concepts in strategic management including:
1) Strategic management involves formulating, implementing, and evaluating cross-functional decisions to achieve organizational objectives.
2) The strategic management process consists of three stages: strategy formulation, implementation, and evaluation.
3) Strategic management requires integrating both analysis and intuition when making decisions under uncertain conditions.
4) Firms must adapt to changes in the external environment and internal capabilities to achieve sustained competitive advantage.
This document discusses various data collection methods. It covers primary methods like focus groups and panels. Focus groups involve 8-10 members discussing a topic for 2 hours led by a moderator. Panels meet more than once. Secondary data sources include published materials, databases, and case studies. Common collection methods are interviews, questionnaires, and observation. Interviews can be unstructured or structured. Questionnaires can be administered in-person or via mail. Factors that impact data quality like question wording, question type, and potential biases are also reviewed.
This document discusses various strategies for implementing organizational changes, including establishing annual objectives, revising policies and structures, and allocating resources. It compares functional and divisional organizational structures and describes how a matrix or strategic business unit structure can be used. Restructuring aims to reduce costs through downsizing while reengineering focuses on improving processes for employees and customers.
This is a presentation given in the MBS MSc Innovation Management course taught by Prof. Silvia for group assignment to introduce and discuss the paper Dynamic Capabilities and Strategic Management by Teece D., Pisano G., and Shuen A. in 1997.
The document discusses the importance of vision and mission statements for businesses. It provides examples of vision statements from companies like Tyson Foods, General Motors, and PepsiCo. It also provides examples of mission statements from companies like Fleetwood Enterprises, Procter & Gamble, Dell, and L'Oreal. The document outlines the key benefits of having a clear mission statement, including better financial results, unanimity of purpose, and establishment of company culture. It emphasizes that developing vision and mission statements requires participation from managers to get commitment. The statements should balance specificity and generality to guide the company while allowing for growth.
This document provides an overview of strategic management concepts. It defines strategy as a series of actions determined by a firm's situation to achieve goals. Strategic management is described as analyzing, formulating, implementing, and evaluating actions to achieve organizational objectives. The strategic management process involves selecting a mission, analyzing external opportunities/threats and internal strengths/weaknesses, and selecting strategies to leverage strengths and address weaknesses. Cognitive biases that can influence strategic decision-making are also discussed.
This chapter discusses how to perform an internal strategic management audit and analysis of a firm. It covers evaluating a firm's internal resources, capabilities, and functional areas. These include management, marketing, finance, production, research and development, and information systems. Tools like financial ratio analysis, value chain analysis, benchmarking and an internal factor evaluation matrix are presented to assess a firm's internal strengths and weaknesses. The objectives are to understand a firm's internal environment and identify areas for improvement to achieve competitive advantage.
This document is from a chapter on business ethics, social responsibility, and environmental sustainability. It discusses key topics related to ethics within organizations like developing codes of conduct and addressing unethical behavior. It also covers how companies can be socially responsible to various stakeholders and ensure environmental sustainability through practices like reducing waste and developing green technologies. The chapter notes how firms are increasingly expected to consider ethics, social impacts, and environmental protection in their strategies and operations.
The document discusses factors in a firm's external environment including remote, industry, and operating environments. It covers economic, social, political, technological, and ecological factors. It also discusses analyzing industries and competitors through examining industry structure, boundaries, competitive forces, and profiles of customers, suppliers, and creditors.
This document discusses research methodology and provides an overview of key concepts in business research. It begins by defining business research and describing commonly researched areas. It then discusses the types of business research as applied or basic. Managers are said to benefit from research knowledge by identifying and solving problems, making informed decisions, and hiring consultants effectively. The document outlines the scientific research process and hallmarks as purposive, rigorous, testable, replicable, precise, objective, and generalizable. Variables, scales of measurement, and developing a theoretical framework and hypotheses are also discussed.
I’m a young Pakistani Blogger, Academic Writer, Freelancer, Quaidian & MPhil Scholar, Quote Lover, Co-Founder at Essar Student Fund & Blueprism Academia, belonging from Mehdiabad, Skardu, Gilgit Baltistan, Pakistan.
I am an academic writer & freelancer! I can work on Research Paper, Thesis Writing, Academic Research, Research Project, Proposals, Assignments, Business Plans, and Case study research.
Expertise:
Management Sciences, Business Management, Marketing, HRM, Banking, Business Marketing, Corporate Finance, International Business Management
For Order Online:
Whatsapp: +923452502478
Portfolio Link: https://blueprismacademia.wordpress.com/
Email: arguni.hasnain@gmail.com
Follow Me:
Linkedin: arguni_hasnain
Instagram : arguni.hasnain
Facebook: arguni.hasnain
SM CH 6 STRATEGY GENERATION AND SELECTIONShadina Shah
This document discusses various strategic analysis tools used in strategy formulation including the SWOT analysis, SPACE matrix, BCG matrix, IE matrix, Grand strategy matrix, and QSPM. It describes how each tool is used to analyze a company's internal strengths and weaknesses as well as external opportunities and threats to help identify strategic options. The document also notes that organizational culture and politics can influence strategic choices and outlines best practices for board governance in strategic planning.
This document discusses several theories of knowledge management. It introduces the multi-perspective theory, which views knowledge management from technical, organizational, and personal perspectives. It also describes the triology model, which includes the OODA loop model, SECI model, and Oinas-Kakkonen model for understanding knowledge management processes. Finally, it discusses the KISARD model and knowledge management hypercube strategy.
The document discusses various aspects of conducting an internal assessment or audit of a company. It covers evaluating the strengths and weaknesses in key functional areas like management, marketing, finance, production, research and development, and management information systems. The internal audit helps identify distinctive competencies and resources that can provide a competitive advantage. It also involves analyzing internal forces and capabilities to determine objectives, strategies and the company's mission.
The document discusses various concepts related to environmental scanning and industry analysis for strategic planning purposes. It defines environmental scanning as monitoring external factors to avoid surprises and ensure long-term success. Industry analysis techniques discussed include Porter's Five Forces model and PEST analysis. Porter's model assesses rivalry, barriers to entry, supplier and buyer power, and substitution threats. PEST analyzes political, economic, social and technological factors. The document also covers strategic groups which identify competitors pursuing similar strategies, and strategic types like defenders, prospectors and analyzers.
This chapter discusses strategy review, evaluation and control. It is important for organizations to regularly review and evaluate their strategies to ensure they are still effective and aligned with the changing internal and external environments. The chapter outlines the key aspects of strategy evaluation, including examining the underlying bases of the strategy, comparing expected vs actual results, and taking corrective actions. It also discusses various quantitative and qualitative criteria that can be used to measure organizational performance and evaluate strategy effectiveness, such as financial ratios and the balanced scorecard approach. Contingency planning and auditing are also covered as important parts of the strategy evaluation process.
This document discusses key concepts from chapters 1 and 5 of the 14th edition of the marketing management textbook. It covers topics such as perceived value, customer satisfaction, loyalty, quality management, customer relationship management strategies, and building customer bonds. The document contains chapter outlines, definitions of important terms, and brief explanations of frameworks and models for evaluating customer value, satisfaction, retention and lifetime value.
The chapter discusses conducting an external strategic audit to identify opportunities and threats from external forces. It covers 10 key external forces including economic, social, technological and competitive forces. It describes sources of external information, forecasting tools, and the importance of monitoring trends. Key parts of an external audit are identifying competitors' strengths/weaknesses and developing matrices to evaluate external factors. Conducting an audit involves gathering information, prioritizing factors, and communicating the most important ones. The chapter also discusses Porter's five forces model of competition.
The document outlines the key aspects of conducting an external assessment for strategic management. It discusses 10 major external forces that affect organizations, including economic, social, cultural, demographic, environmental, political, governmental, legal, technological and competitive forces. It describes how to identify opportunities and threats by gathering external information, analyzing trends, and developing tools like the External Factor Evaluation Matrix and Competitive Profile Matrix. The overall goal of an external assessment is to understand external factors beyond a firm's control that may impact its performance and strategies.
The document discusses performing an external audit to analyze the external business environment. It describes scanning the political, economic, social, technological, environmental and legal factors that could impact a firm. The five forces model is introduced as analyzing competitive rivalry, potential substitutes, supplier and consumer bargaining power. Specific factors are given like an aging population and increased foreign competition. The purpose is to identify opportunities and threats from outside the firm's control to develop appropriate strategies.
strategic management chapter 3 of external auditelahiwadood6
The document discusses tools for performing an external audit of the strategic environment. It describes conducting an environmental scan and industry analysis to identify opportunities and threats beyond a firm's control, such as demographic trends, competition, and technological changes. A key framework is Michael Porter's Five Forces model, which examines the competitive rivalry in an industry and the bargaining power of suppliers, consumers, and substitutes. Firms can use tools like the External Factor Evaluation matrix to analyze various external factors and their impact on strategy.
david - External analysis-converted.pptxseemakamran1
This chapter discusses performing an external assessment and industry analysis. It covers environmental scanning, identifying opportunities and threats in the external environment, and using tools like the External Factor Evaluation (EFE) matrix and Competitive Profile Matrix (CPM) to evaluate a firm's external strategic situation. The chapter also explains Porter's five forces model of competition and analyzing competitive forces, technological forces, social/demographic forces, and other external factors that firms must respond to in developing strategy.
The document provides an overview of performing an external assessment and industry analysis for strategic management. It discusses scanning the external environment, identifying opportunities and threats through tools like the External Factor Evaluation (EFE) Matrix. It also covers analyzing competitors using the Competitive Profile Matrix and Michael Porter's five forces model to evaluate rivalry, potential new entrants, substitutes, supplier power and buyer power. The purpose is to understand the external factors that influence a firm so it can develop strategies to capitalize on opportunities and mitigate threats from outside its control.
The external assessment involves identifying opportunities and threats in the external environment that could impact a firm. The document outlines the process of performing an external audit which involves gathering information from various sources and prioritizing the most important opportunities and threats. It also discusses the industrial organization view of strategy which assumes the external environment determines a firm's actions. Key external factors are divided into economic forces, social/cultural/demographic/natural environment forces, and competitive forces. Porter's five forces model is used to analyze competition within an industry. Finally, the external factor evaluation matrix allows strategists to summarize external information and evaluate opportunities and threats.
This document discusses tools and techniques for performing an external audit to analyze key external factors that could impact a company's strategy. It describes Porter's Five Forces model and how to use an External Factor Evaluation Matrix and Competitive Profile Matrix to evaluate opportunities and threats in the external environment. The external audit process involves gathering information on economic, social, political, technological and competitive trends to identify important external variables for strategic planning.
This document discusses tools and techniques for performing an external audit and analysis. It describes analyzing key external forces including economic, social, political, technological and competitive factors. It also explains Porter's Five Forces model for industry analysis and tools like the External Factor Evaluation Matrix and Competitive Profile Matrix for evaluating external opportunities and threats. The purpose is to identify important trends and events outside a firm's control to help formulate strategies.
The document discusses analyzing a company's external environment. It describes performing a PESTEL analysis to examine political, economic, social, technological, environmental, and legal factors. It also discusses Porter's Five Forces model to analyze industry competition by examining the threat of new entrants, power of suppliers and buyers, threat of substitutes, and competitive rivalry. The purpose is to identify opportunities and threats in the external environment to help formulate business strategies.
The document discusses analyzing a company's external environment. It describes analyzing the macro environment using PESTEL factors (political, economic, social, technological, environmental, legal) and doing an industry analysis using Porter's Five Forces model to evaluate competitive rivalry and threats from new entrants, substitutes, suppliers and buyers. It provides details on each of Porter's five forces and how to assess their impact on an industry.
The document discusses various frameworks for conducting a situation analysis for advertising planning, including the 5Cs analysis, SWOT analysis, Porter's 5 forces model, AIDA model, DAGMAR model, and hierarchy of effects model. It explains how to use these models to analyze the company, competitors, customers, collaborators, climate/environment, and to identify strengths, weaknesses, opportunities, threats. It also discusses how to define advertising objectives and target audiences, and the importance of brand personality in positioning strategy. The planning process involves situation analysis, objective setting, targeting, strategy development, implementation, and evaluation.
This chapter discusses tools for assessing a firm's internal environment, including SWOT analysis, value chain analysis, resource-based view, and performance evaluation methods like financial ratio analysis and the balanced scorecard. It describes how value chain analysis examines a firm's primary and support activities, and how resources and capabilities contribute to competitive advantage. The chapter also covers limitations of various assessment tools and emphasizes integrating perspectives from customers, internal processes, innovation, and financials in a balanced scorecard approach.
The document discusses performing an external audit and analysis to identify opportunities and threats facing a firm from factors outside its control. It covers evaluating the competitive forces in an industry using Porter's five forces model, including the threat of new entrants, substitute products, and bargaining powers of suppliers and consumers. The analysis also examines important external factors like economic, social, technological, political and environmental trends to understand their strategic implications for firms.
The document discusses performing an external audit and analysis of the competitive environment. It describes scanning the external environment to identify opportunities and threats in factors such as the economy, technology, politics, and society. It also covers analyzing the industry using Porter's Five Forces model to evaluate competitive rivalry, potential for new entrants, substitution threats, and supplier and buyer power. The purpose is to understand external conditions in order to develop strategies and understand limitations and prospects for profitability.
This document discusses various functional strategies that organizations can use, including marketing, financial, research & development, operations, purchasing, logistics, and human resource strategies. It covers topics like outsourcing, offshoring, avoiding common outsourcing mistakes, developing corporate scenarios to evaluate strategic options, and developing policies to implement strategies. The overall purpose is to help readers understand different functional strategies, how to evaluate strategic choices, and develop effective implementation policies.
The document summarizes key concepts from Chapter 3 of the textbook Strategic Management: Concepts & Cases. It discusses performing an external assessment of the industry environment through an external audit. This involves analyzing factors such as economic, social, technological and competitive forces. Tools like the External Factor Evaluation Matrix and Competitive Profile Matrix are presented to help evaluate opportunities and threats in the external environment. The five forces model of competition is also introduced to analyze industry rivalry, potential new entrants, substitute products, supplier power and buyer power.
This document discusses Porter's Five Forces framework for analyzing industry competition and outlines the key forces: competitive rivalry, bargaining power of suppliers, bargaining power of customers, threat of new entrants, and threat of substitute products. It then provides an example analysis of the athletic footwear and apparel industry using Under Armour, examining how each of the five forces applies. Finally, it introduces PESTEL analysis, outlining the political, economic, social, technological, environmental, and legal factors that shape the business environment.
Ch 1 2013QUIZ strategic management concepts &cases 11th edition by Fred حمد بوجرادة
This chapter discusses strategic management and planning. It defines strategic management as making cross-functional decisions to achieve organizational objectives. The strategic management process involves formulation, implementation, and evaluation of strategies. Key terms are introduced, like vision, mission, strengths/weaknesses, opportunities/threats. The benefits of strategic management include improved performance, communication, and decision-making. Pitfalls can occur if not properly implemented.
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NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...BBPMedia1
Nathalie zal delen hoe DEI en ESG een fundamentele rol kunnen spelen in je merkstrategie en je de juiste aansluiting kan creëren met je doelgroep. Door middel van voorbeelden en simpele handvatten toont ze hoe dit in jouw organisatie toegepast kan worden.
The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
Tired of chasing down expiring contracts and drowning in paperwork? Mastering contract management can significantly enhance your business efficiency and productivity. This guide unveils expert secrets to streamline your contract management process. Learn how to save time, minimize risk, and achieve effortless contract management.
Prescriptive analytics BA4206 Anna University PPTFreelance
Business analysis - Prescriptive analytics Introduction to Prescriptive analytics
Prescriptive Modeling
Non Linear Optimization
Demonstrating Business Performance Improvement
During the budget session of 2024-25, the finance minister, Nirmala Sitharaman, introduced the “solar Rooftop scheme,” also known as “PM Surya Ghar Muft Bijli Yojana.” It is a subsidy offered to those who wish to put up solar panels in their homes using domestic power systems. Additionally, adopting photovoltaic technology at home allows you to lower your monthly electricity expenses. Today in this blog we will talk all about what is the PM Surya Ghar Muft Bijli Yojana. How does it work? Who is eligible for this yojana and all the other things related to this scheme?
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Ellen Burstyn: From Detroit Dreamer to Hollywood Legend | CIO Women MagazineCIOWomenMagazine
In this article, we will dive into the extraordinary life of Ellen Burstyn, where the curtains rise on a story that's far more attractive than any script.
47. Functions of Marketing
Customer analysis
Selling products/services
Product and service planning
Pricing Distribution
Marketing research
Opportunity analysis
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