Economic, Social and Technological factors, which are used to assess the market for a business or organizational unit. The PEST analysis headings are a framework for reviewing a situation, and can also, like SWOT analysis, and Porter's Five Forces model, be used to review a strategy or position, direction of a company, a marketing proposition, or idea. Completing a PEST analysis is very simple, and is a good subject for workshop sessions. PEST analysis also works well in brainstorming meetings. Use PEST
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03 1.2.3 Threat of substitute subject………………………………………………………..........................03 1.2.4 Bargaining power of suppliers……………………………………………………………………..04 1.2.5 Bargaining power of customers…………………………………………………………………...04 1.3 Competitive Strategy .......................................................................................................................05 2. Company Report.........................................................................................................
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Strategic Management External and Internal Assessments 1 External Strategic Assessment “It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.” – Charles Darwin “Nothing focuses the mind better than the constant sight of a competitor who wants to wipe you off the map.” – Wayne Calloway, Former CEO, PepsiCo 2 1 External Audit – Sources of Information •Internet •Libraries •Suppliers •Distributors •Salespersons
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The Leonard Williams Medical Center, own and managed by Williams Medical Services, is an acute care hospital in upstate New York that serves a population of 215,000. After a thorough analysis of organization strategies, the Medical center's information systems steering committee approved the acquisition and implementation of a CPOE system. During a subsequent committee meeting, it was discovered that the WMS physicians were eager to acquire an electronic health record (EHR) system. In a competitive
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................................................................................................. 4 The profit pyramid................................................................................................................... 5 Porter’s generic strategies........................................................................................................ 5
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based on information from Ireland et al. (2013) in Management of Strategy. The paper is divided in the following three parts: 1. Five Forces analysis of the sportswear industry 2. Value chain analysis of Under Armour 3. Under Armour’s generic strategy. 1 2 Five Forces Analysis of the Sportswear Industry The following section provides a detailed analysis of the competitive environment in the sportswear industry using Porter’s Five Forces Model. The aim is to determine the attractiveness of
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Matrix: sectioned into four quadrants and portrays a corporation’s portfolio investments. -Competitive Advantage: determined by resource endowments; must identify strengths/weaknesses, combine core competencies, appraise profit potential, select strategy, and identify resource gaps. -Core Competencies: a collection of corporate capabilities that cross divisional borders are widespread within a corporation, and is something that a corporation can do exceedingly well. -Corporate Governance: the relationship
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Company references Group 8: Rui Wang Chikun Zhang Qinwen Zhang Planning: For the Porter’s generic strategies, Wal-Mart is overall cost leadership strategy, because Wal-Mart’s mission is “Save money. Live better.” It always low prices, and using this strength to attract customers. Moreover, for the Miles and Snow’s strategy, Wal-Mart is the type of analyzer which incorporates elements of both the prospector and the defender, because Wal-Mart is not only defending its current market by
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Cost Leadership Type Reserve capacity and Excess Capacity The CL type of player is characterised by economics of capacity. The key point for CL type is to focus on Reserve Capacity . It could be described as “installed capacity” . For example beer producer in Europe design their facilities according to demand in summer even though the demand for beer during winter is lesser. The reserve capacity give sustainable competitive advantage because it allows to increase the production at lesser marginal
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