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STRATEGY FORMULATION: BUSINESS STRATEGY - Coggle Diagram
STRATEGY FORMULATION: BUSINESS STRATEGY
A framework for examining business strategy
Generating a strategic factors analysis summary (SFAS) matrix
Finding market niches
Mission & objectives
It must be short so that every employee can remember the statement.
The design must be simple so that everyone in the company can understand what the senior leadership team desires.
It has to provide direction to the activities of company employees.
The statement should enable employees knowing exactly what the company does and what it does not do.
The statement should be measurable so that the company can visibly see progress
Business strategies
Porter's competitive strategies
Cooperative strategies
collusion
Strategic alliances
To obtain or learn new capabilities
To obtain access to specific markets
To reduce financial risk
To reduce political risk
Types of alliances
Mutual Service Consortia
Joint Venture
Licensing Arrangements
Value-Chain Partnerships