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Startegy management
- 8. TYPES OF STRATEGIES Corporate Strategies
- 15. STRATEGIC MANAGEMENT Strategic Management
- 18. STRATEGY FORMULATION Porter’s Five Forces
- 20. STRATEGY FORMULATION Porter’s Five Forces COMPETITIVE ANALYSIS
Hinweis der Redaktion
- There are as many types of strategies as there are plans. Every plan has its own objectives, strategies and tactics.
- Keep in mind that a strategy is how to achieve the objective. Many people confuse the strategy with the objective.
- The internet is making it harder to find ways that are difficult to duplicate. Everyone has more easy access to information than ever before.
- Strategies follow the same organizational structure as objectives.
- It is important that the functional strategies support each other as well as the Division and Corporate strategies.
- All of these are growth strategies. It’s a matter of how you plan to grow.
- All of these strategies are decline or going out of business strategies.
- These are all strategies for participating in global markets. Again, it’s a matter of how you wish to do it.
- E-Business is replacing older technologies such as the fax and telephone as a means of communication.
- Whatever model is used, the strategy chosen must be one that can be implemented with a minimum disruption to the organization.
- There are many processes for developing strategies. Key to which process is used and which strategy is chosen is the ability to implement the strategy.
- Be careful, if your business is doing well, there may be no need to changing your strategy. Changing strategies can be very difficult and dangerous.
- Many of these objectives depend on whether your goal is growth, status quo or decline.
- SWOT analysis has been a much used model. However, with the environment changing more and more rapidly, it may be less useful in the future.
- Porter’s five forces provide a unique and thorough way to view your position. Each of these forces provide different strategies for achieving your objectives.
- Wal-Mart is the best example of a cost leadership position and they know how to leverage it.
- Wal-Mart gains its cost leadership position through a proprietary inventory and ordering system that allows the company to buy the right products at the right time from the right people.
- It is important to remember that even cash cows need to be fed. Under investing in the cows can be very dangerous.
- Strategic leadership can be learned. It helps if you have some natural leadership ability to start with.