Strategic Management:

Strategy Formulation

Business Environment

A Combination of Political, Economic, Social, and Technological (PEST) Forces

By: Vadim Kotelnikov

Founder, Ten3 Business e-Coach Inspiration and Innovation Unlimited!

 Author of the Smart & Fast mini-course "Strategic Management"

 

 

"The business world is an extension of the kindergarten sand box but with quick sand."   Richard F Stiegele, banker  

 

 

Business Environment Business Ecosystem Strategic Landscape Business Designs Enterprise Business Process Management BUSINESS ENVIRONMENT: External and Internal Domains in and around your company

PEST Analysis

Politics / legislation

list major trends

Economics

list major trends

Social

list major trends

Technological

list major trends

5 Strategic Questions

You Should Ask to Understand Where Your Business Is Going

By: Jack Welch

  • What does your global competitive environment look like?... More

 

Structuring a Strategic Alliance

10 Questions To Answer

  1. Do you have the flexibility to respond to the changes in the environment?... More

Business Environment Defined

Business environment is a set of political, economic, social and technological (PEST) forces that are largely outside the control and influence of a business, and that can potentially have both a positive and a negative impact on the business.1

 

PEST Analysis

Today's world is a rapidly changing place. Developments across a range of factors will have an impact on your business or industry. The classic PEST framework (political, economic, social, technological)  identifies four major categories of  external factors that affect the ability of your organization to survive and prosper.

Smart Business Architect

Strategy Formulation

Strategy formulation is the process of determining appropriate courses of action for achieving organizational objectives and thereby accomplishing organizational purpose... More

Corporate Strategy: 2 Logics

What is Your Competitive Strategy?

Competitive strategy means deliberately choosing a different set of activities to deliver a unique and superior mix of value to the customer. These activities are the basis of your competitive advantage... More

SWOT Analysis: Questions To Answer

Opportunities

The Tao of Business Success

3 Market Leadership Strategies

The market leader is dominant in its industry and has substantial market share. If you want to lead the market, you must be the industry leader in developing new business models and new products or services. You must be on the cutting edge of new technologies and innovative business processes. Your customer value proposition must offer a superior solution to a customers' problem, and your product must be well differentiated... More

3 Strategies of Market Leaders

Creating a Culture for Innovation

By viewing corporate culture as the result of various explicit and implicit decisions, actions and events that have transpired over time, it becomes possible to identify the factors that shape and drive culture.

Inspiring Culture: 5 Elements

The following model suggests that culture results from the ongoing interplay between several variables including:

  • The external environment emerging trends, competition, customer, technology, environmental, regulatory and other factors that influence the organization from the outside... More

 

SMART Business Architect (Ten3 Mini-course)

 

The Tree of Business Success       6Ws of Corporate Growth      Smart Executive

  

References:

  1. "Managing Complexity", Robin Wood

  2. "Turning Your Business Around". Mark Blayney

  3. Look at Your Company from Outside In As Well As Inside Out, Masaaki Imai

  4. Sustainable Competitive Advantage, Vadim Kotelnikov

  5. 6Ws of Corporate Growth, Vadim Kotelnikov

  6. 3 Strategies of Market Leaders, Vadim Kotelnikov

Free Micro-courses

 

Industry Growth Outlook Overview

Obtain valuable intelligence about financial trends that may impact your industry by analyzing five years of historical financial and five years of projected growth rates.

See details >>>

Ten3 Mini-courses

 Slides

Strategic Management

65

3 Strategies of Market Leaders

125

 

 

Corporate Leader

Smart Business Architect

Business Model

New Business Models

Sustainable Growth Strategies

10 Rules for Building a Great Business

Balanced Approach to Business Systems

Competitive Strategies

5 Strategic Questions

 

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