Enterprise Strategy:

Strategic Management

Porter's Five Forces Model for Industry Analysis

Environmental Factors that Determine Competitiveness within an Industry

Supply Chain Management Competitive Strategies Marketing and Selling Porter's Model of Strategic Management

Determinants of Substitution Threat

  • Relative price performance of substitutes

  • Switching costs

  • Buyer propensity to substitute

 

Yin-Yang of Value Innovation

Five Major Elements of Strategic Business Planning

By: Michael Porter

  1. an analysis of the industry in which the firm competes

  2. sources of competitive advantage... More

Primary Forces

Porter's model outlines the primary forces that determine competitiveness within an industry and illustrates how those forces are related.

 

The model suggests that in order to develop effective organizational strategies, managers must understand and react to those external forces within an industry that determine an organization's level of competitiveness within an industry.

Limitations of the Porter's Model

The new era of rapid, systemic and radical change requires more flexible, systemic and dynamic  approaches to strategy formulation.

5 Strategic Analysis Questions

Thus today, corporate strategy formulation should be a combination of different currently practiced approaches described above – judgmental designing, intuitive visioning, and emergent learning; it should be about transformation as well as perpetuation; it has to involve individual cognition and social interaction, co-operative as well as conflictive; it must include analyzing before and programming after as well as negotiating during; and all of this must be in response to what can be a demanding environment.

Traditional strategy models, such as Michael Porter's five forces model, focus on the company's external competitive environment. Most of them do not attempt to look inside the company. In contrast, the resource-based perspective highlights the need for a fit between the external market context in which a company operates and its internal capabilities.

In contrast to the Input / Output Model (I/O model), the resource-based view is grounded in the perspective that a firm's internal environment, in terms of its resources and capabilities, is more critical to the determination of strategic action than is the external environment.

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

2 Business Growth Strategies

Inspirational Business Plan: Successful Innovation

Operational Plan: "We don’t have a traditional strategy process, planning process like you’d find in traditional technical companies. It allows Google to innovate very, very quickly, which I think is a real strength of the company." – Eric Schmidt... More

 

 

 

 

Strategic Management

3Ss of Winning in Business

Strategic Planning

5 Major Elements of Strategic Business Planning

Strategy Formulation

Surprise To Win: 3 Strategies

GE Multifactor Business Portfolio Matrix

SWOT Analysis: Questions To Answer

Critical Question Analysis

Strategy Implementation

Strategy Innovation

Strategic Problem Solving

Balanced Business System

Blue Ocean Strategy

6 Principles of Blue Ocean Strategy

 

PowerPoint Presentation

31 slide

Blue Ocean Strategy

Smart & Fast Mini-courses

 Slides

Strategic Management

65

3 Strategies of Market Leaders

125

 

Enterprise Strategies

3 Generic Business and Marketing Strategies

Business Space

Strategy Management

Resource-based Model

Strategic Programming

Business Strategies

Dynamic Strategies

Competitive Strategies

Sustainable Competitive Advantage

Creating Competitive Disruption: 7 Strategies

7-Part Competitive Strategy of Microsoft

3 Strategies of Market Leaders

Venture Strategies