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Probably the most influential strategist of the decade was Michael Porter. He introduced many new concepts including; 5 forces analysis, generic strategies, the value chain, strategic groups and clusters. In 5 forces analysis he identified the forces that shape the strategic environment. It is like a SWOT analysis with structure and purpose. It shows how a firm can use these forces to obtain a sustainable competitive advantage. Porter modifies Chandler's dictum about structure following strategy by introducing a second level of structure: while organizational structure follows strategy, it in turn follows industry structure. Porter's generic strategies detail the interaction between cost minimization strategies, product differentiation strategies, and market focus strategies. Although he did not introduce these terms, he showed the importance of choosing one of them rather than trying to position your company between them. He also challenged managers to see their industry in terms of a value chain. A firm will be successful only to the extent that it contributes to its industry's value chain. This forced management to look at its operations from the customer's point of view.
What else can I help you with?
How can strategy affect strategy?
if your strategy is affecting strategy itself then the strategy is not worth implementing
Is it worth to study CIMA as an additional qualification for an electronic engineer?
Not worth just studying it, but if you can pass it through, you will have feather in your cap. CIMA syllabus is robust and specifically designed for business need, which will definitely add value to your career. Not worth just studying it, but if you can pass it through, you will have feather in your cap. CIMA syllabus is robust and specifically designed for business need, which will definitely add value to your career.
How much should a business development person be allowed to spend on entrtainment and sales and marketing?
It really depends on the business and how much it is worth. If the business is worth $500,000 then they are going to spend less on advertising than a 6.2 billion dollar business. There is not a set amount that you should pay, its depends on what the business does and how much it is worth.
What is some good business development software to look at?
It is well worth looking at iKode's Helpdesk X, Business Development Strategy Software 2.0, IQDesk's Business Management Software, software by West Portal and MS Publisher.
Strategy of marks and Spencer?
The business strategy of Marks and Spencer is to be cutting edge in its thinking. They want to show consumers why their products are worth paying more for. They want to attract and retain customers without having to lower their prices.
How is a business worth determined?
A business's worth is determined by the business's productivity and class of workers. In addition, a business's worth is determined by the business's reputation.
Is the Skyrim strategy guide worth getting?
not really if your stuck on a part just look up walkthroughs online its free way better than a book
Why George Lopez is worth studying?
Because he is awsome.
Is Amway a good business to be a part of?
yes it is really a worth part time business.for more information go to www.amwayindia.com
Is it worth staying up all night studying for a coming midterm you don't feel ready for or is it better to get a good night's sleep?
absolutely not! Who cared about school, you can still make a succesfull business without it.
What is the conceptualization phase of business research?
Conceptualization engages researchers in identifying a problem or topic worth studying, reviewing relevant literature to justify the need for the research, defining the purpose of the research, and phrasing the problem in writing.
Why is Christopher Columbus worth studying?
becuase you can be a explore like him too
