Strategic Management:
Strategy Formulation
Business Environment
A Combination of Political, Economic, Social, and Technological (PEST) Forces
By Vadim Kotelnikov, Founder, Ten3 BUSINESS e-COACH – Innovation Unlimited, 1000ventures.com
"The business world is an extension of the kindergarten sand box – but with quick sand."
– Richard F Stiegele, banker
PEST Analysis
Politics / legislation
list major trends
Economics
Social
Technological
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
Do you have the flexibility to respond to the changes in the environment?... More
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Corporate Leader
Smart Business Architect
Look at Your Company from Outside In As Well As Inside Out
Business Model
New Business Models
Sustainable Growth Strategies
10 Rules for Building a Great Business
Balanced Approach to Business Systems
6Ws of Corporate Growth
Competitive Strategies
Sustainable Competitive Advantage
3 Strategies of Market Leaders
Ten3 Mini-Courses Presentation: View Download
Strategic Management (65 slides)
Smart Business Architect (150 slides)
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
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.
Strategy formulation is the process of determining appropriate courses of action for achieving organizational objectives and thereby accomplishing organizational purpose... More
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
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
SWOT Analysis: Questions To Answer
Opportunities
What trends do you see in your industry?
What trends do you foresee?
What trends might impact your industry?... More
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. 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
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Bibliography:
"Managing Complexity", Robin Wood
"Turning Your Business Around". Mark Blayney
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 >>>
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