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Ch 3 - Industry (Objectives (Business strategy (competitive advantage),…
Ch 3 - Industry
Objectives
Business strategy
competitive advantage
industry
profitability
change
Corporate strategy
what industries
Positioning
Opportunities
Attractiveness
oligopolies
several competing
Good profit
perfect competition
all compete
Return of capital
Monopolies
One takes all
Very profitable
Porter 5
Competiros
Product differentiation
Excess capacity
Diversity
Cost structure
Concentration
New entrants
Barriers of entry
Product differentiation
Distribution
Cost advantages
Legal
Economies of scale
Retaliation
Capital
Profitability
Buyers
Price sensitivity
differentiation
Competition among buyers
Portion of total cost
critical to the final product
microchips
Bargaining
Concentration
Buyers vs suppliers
Buyers information
Vertical integration
Substitutes
price elasticity
Suppliers
Its missing complementary!!!!
External
Relationships
Customers
Suppliers
Competition
Profits determinants
Value to customers
Competition
Suppliers power
PEST
Expensive
Social
Political
Technological
Economic
Industry boundries
Industry
Broader
Markets
Specific
Substituytability
By customers
Suppliers
Profitability
Identify
Forecasting
Future profitability
Trends
changes to the 5 forces
Curent
Strategy
Alter
Alliances
Barriers of entry
M&A - COnsolidation
Sources
Relieving bottle necks
android for google search
Redifining reponsabilities
ikea, users build
Creating bottlenecks
apple itunes music