macroenvironment on the barriers and determinants of the task environment. 2. The effect on the forces of the task environment. 3. The conclusion on whether the potential change on the macro is a threat or opportunity. Note: The potential changes in the macroenvironment that will cause a change in the in the task environment will be a threat or an opportunity to the industry. 5. Industry and competitive analysis. 6.1 Strategic map 6.2 Market Definition 6.3 Market
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Performance refers to the profits and social welfare that result in a given industry It is important for future managers to recognize that profits and social welfare change significantly across industries. Social Welfare Another gauge of industry performance is the amount of consumer and producer surplus generated in a market. Social Welfare = CS + PS Dansby-Willig Performance Index Ranks industries according to how much social welfare would improve if the output in an industry were increased
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Intake: October 2006 Student ID # 069017970 A close look upon circumstances in which a company should consider implementing a process of strategic renewal and how to clearly identify these circumstances , analysts have to explore checklists and frameworks to find information necessary for conducting an internal and External Audit , to assess very clearly the internal and external Environments , so that the Company finds out where it currently stands and in order to take advantage of opportunities
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customers), office technology, wages and finance, etc. 2. The micro-environment e.g. our external customers, agents and distributors, suppliers, our competitors, etc. 3. The macro-environment e.g. Political (and legal) forces, Economic forces, Sociocultural forces, and Technological forces. These are known as PEST factors. Political Factors The political arena has a huge influence upon the regulation of businesses, and the spending power of consumers and other businesses. You must consider issues
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Chapter 12 suggested answers 1. It has been said that Porter’s five-forces analysis turns antitrust law on its head. What do you think this means? Antitrust laws are intended to protect, promote competition and to push industry profits towards competitive floor in order to resist market dominance. Porter’s five forces model reflects that an industry has absolute market power if threat of entrants and substitutes are low along with weak bargaining power among suppliers and buyers, and if industry
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PROBLEM Chapter 1 includes the following subtopics, namely: 1) Rationale; 2) Theoretical Framework; 3) Conceptual Framework/Paradigm; 4) Statement of the problem; 5) Hypothesis (Optional); 6) Assumption (Optional); 7) Scope and Delimitation; Importance of the study; 9) Definition of terms. Rationale 1. Background of the study 2. Describe the problem situation considering global, national and local forces. 3. Justify the existence of the problem situation by citing statistical data and
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The Shell Global Scenarios to 2025 The future business environment: trends, trade-offs and choices © Shell International Limited (SIL), 2005. Permission should be sought from SIL before any part of this publication is reproduced, stored in a retrieval system or transmitted by any other means. Agreement will normally be given, provided that the source is acknowledged. The information contained in this publication is, to the best of our knowledge, true and accurate although the forward looking
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approach (i.e., don’t go into details straight away) • Keep it simple • Use a framework if appropriate • Agree priority issues • Make estimations • Work together (e.g., ask questions, watch for hints) 0 LAST MINUTE INTERVIEW HINTS Things to keep in mind 1. Listen to the problem – make sure you are answering the question that you have been asked to answer 2. Structure your answer up front – think of a structure for 4-5 key questions that you need to answer in order to answer the overall issue
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a) Industry: collection of firms whose products (or services) are perfect or near perfect substitutes. b) Defining an industry’s boundaries: 2 components: a. Scope of products or services b. Geographic scope c) Porter’s five forces analysis 1. Threat of new entrants: Profitable markets that yield high returns will attract new firms. This results in many new entrants, which eventually will decrease profitability for all firms in the industry. Potential influencers:
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“Success can be the consultant’s worst enemy” (Kubr, page 625) Consulting as a profession has been around since the nineteenth century with Frederick W. Taylor practicing in scientific management. Consultants provide advice for a fee which can be dispensed in a number of verticals including: management, accounting, environmental, taxation, engineering, and many more. There are a number of consulting firms that provide specialized or generalist advice according to their client’s needs and
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