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Managing Strategy - Coggle Diagram

- - - - Weaknesses
      - Strengths
      - Threats
      - Opportunities
    - - Value creating capabilities of the organization
  - - - Competitive
        
        How an organization will compete in its business
        
        Competitive Advantage
        
        How businesses outperform their competitors
        
        Quality
        
        Design
        
        Social Media
        
        Sustaining
      - Functional
        
        The functional departments, such as R&D, manufacturing, or HR, develop ways to support competitive strategy
      - Corporate
        
        What business an organization is in or wants to be in
        
        Three types of Corporate Strategy
        
        Growth
        
        An organization wants to expand its markets served or products offered
        
        Stability
        
        A continuation of what it currently does
        
        Renewal
        
        New strategies to focus on declining performance
        
        BCG Matrix
        
        The Boston Consulting Group Matrix designed to evaluate an organizations businesses to help identify which ones are doing good and which are putting a strain on resources
        
        SWOT Analysis
        
        Stars
        
        High market share/High anticipated growth rate
        
        Cash Cows
        
        High market share/Low anticipated growth rate
        
        Question Marks
        
        Low market share/High anticipated growth rate
        
        Dogs
        
        Low market share/Low anticipated growth rate
- - - - Taking sales online to reach more people
      - Creating a virtual inventory to reduce storage costs
      - Implement computer generated help to cut down on the number of real people it takes to meet a customers needs
    - - Give the customer what they want
      - Evaluate what they like and don't like
      - The culture of the organization is important because you want highly trained employees to give the best treatment possible to their customers
    - - Where to focus the innovation
        
        Scientific research
        
        Product development
        
        Process improvement
      - Process development
      - First mover
        
        An organization is first to bring a new innovation to the market