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Strategy Formulation : Business Strategy - Coggle Diagram
Strategy Formulation : Business Strategy
A Framework for Examining Business Strategy
Finding Market Niches
Generating a Strategic Factors Analysis Summary (SFAS) Matrix
Mission and Objective
It has provide direction
The statement should enable knowing employees exactly what company do
The design must be simple
The statement should be measurable
It must be short
Business Strategy
Porter's Competitive Strategies
Differentiation
Cost focus
Cost leadership
Different focus
Competitive scope
Cooperative Strategy --
to gain competitive advantage within an industry by working with other firms.
Strategic Alliances
Type
Joint venture
Licensing arrangement
Mutual service consortia
Value -chain partnership
Reason
To obtain access to spesific market
To reduce financial risk
To obtain or learn new capability
To reduce political risk