Fundamentals of Strategy
Section outline
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- Concepts of strategic decision, strategy and tactics
- Three levels of Strategy: Corporate, Business and Functional/Operational
- Notion of value and competitive advantage
- Strategy formulation at a Business level
- Concepts of vision, mission and strategic objectives
- Concept of strategy analysis, the generation of strategic alternatives and the strategic decision-making process
- Traditional concepts of Business Area and Strategic Business Unit
- SWOT Analysis
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- External strategy analysis at a Business level
- Opportunities, threats and industry attractiveness
- Five Competitive Forces model
- External strategy analysis at a Business level
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- Internal strategy analysis at a Business level
- Strengths, weaknesses and competitive advantage
- Value chain model
- Generic strategies at a Business level
- Internal strategy analysis at a Business level
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- Strategy formulation at a Corporate level
- Diversification strategies
- Corporate competitive advantage
- Corporate portfolio matrixes
- BCG Matrix
- GE-McKinsey Matrix
- Strategy formulation at a Corporate level