1. Arenas ( what markets will we be active in ?)
2. Vehicles (invest alone or partnership/ How will we get there ? )
3. Differentiators- How we win in the market place
4. Staging - Which one do you do first? What is the sequence ?
Economic logic ( at some point revenues need to be greater the...
2. Vehicles (invest alone or partnership/ How will we get there ? )
3. Differentiators- How we win in the market place
4. Staging - Which one do you do first? What is the sequence ?
Economic logic ( at some point revenues need to be greater then costs / How will we obtain our
returns - ANSWERFive parts of a stratgey
Strategic test VRISO you apply to a single candidate resource= - ANSWERIs it Valuable ?
Is it rare?
Is it Costly to imiatate ?
They can do this through
1. path dependence
2. Causal ambiguity
3. Social complexity
Costly to subsuite ?
1. Parenting - providing advice , but is minnor in essence such as new tech , new perofmance eval
and this enables you to increase the firms profitabilty but firing bad management
2. Restrucing - a major change in the business
a. Change in assets - sell of product lines , divde the firm , recombine the firm
b. Change in captial sturcutre- such as change it from equity financing to debt fincancing
c. Change in management - Fire top 25% of mangement
3. Portfoilio mangement - The firm has a number of different binesses then they can use this to
optiminally divest and invest in businesses benfit from information - ANSWERthree justications for
unrealted businesses
"the ideas, decisions, and actions that enable a firm to succeed. - ANSWERstrategy
, a firm's resources and capabilities that enable it to overcome the competitive forces in its
industry(ies). And example " - ANSWER"competitive advantage,
study of firms' external and internal environments, and their fit with organizational vision and goals."
- ANSWER"strategy analysis
decisions made by firms regarding investments, commitments, and other aspects of operations that
create and sustain competitive advantage - ANSWER"strategy formulation
actions made by firms that carry out the formulated strategy, including strategic controls,
organizational design, and leadership." - ANSWER"strategy implementation,...... including three
things
"individuals, groups, and organizations that have a stake in the success of the organization, including
owners (shareholders in a publicly held corporation), employees, customers, suppliers, and the
community at large." - ANSWERstakeholders
"organizational goal(s) that evoke(s) powerful and compelling mental images." - ANSWERvision or
Organizational vision
1. "the decline in labor costs per unit of production as cumulative output increases only happens
with managers effort ") - ANSWERLearning curve
the degree to which a product has strong brand loyalty or customer loyalty." - ANSWER"product
differentiation
the threat that buyers may force down prices, bargain for higher quality or more services, and play
competitors against each other." - ANSWER"bargaining power of;buyers
a set of organizational goals that includes the purpose of the organization, its scope of operations,
and the basis of its competitive advantage." - ANSWER"mission statement
surveillance of a firm's external environment to predict environmental changes and detect changes
already under way." - ANSWER"environmental scanning
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