- Porter’s Five Forces (Analyse industry as a whole)
- Evidence of High Level of Rivalry: Price War, Marketing, New Innovation/Advancement, High level of R&D investment
- Barriers to Entry: High Capital Investment, specialized investment, Government Barrier, Patents, Well established companies
- How you define the industry determines the way you will define the Porter’s Five.
- External environment (Opportunities) which may change the firm’s tastes of the market.
- Tactics (Short term) vs. Strategy (Long term)
- Porter’s Generic Strategy
- Operational efficiency does not equal to strategy. Because strategy is a sustainable competitive advantages which is its uniqueness that others cannot copy
- Change activities
- Change the way of doing
- Choose what activities NOT to pursue
- Fir the competitive advantage and sustainability
- Strategy process
- Mission
- Vision
- Objectives or goals (SMART)
- Strategies
- Tactics
- Strategy Levels