... OBJECTIVES ● Explain the importance of analyzing and understanding the firm’s external environment ● Define and describe the general environment and the industry environment ● Discuss the four ... forces and explain how they determine an industry’s profit potential ● Define strategic groups and describe their influence on the firm ● Describe what firms need to know about their com...
... poorly performing stores in the United States and refocused on innovation ■ By 2011, with its 40 th anniversary, a new logo, innovation such as VIA and customers paying for their purchases with ... use CORE COMPETENCIES AND STRATEGY Resources and superior capabilities that are sources Core Competencies of competitive advantage over a firm’s rivals An integrated and coordinated set...
... RIVALRY STRATEGIC AND TACTICAL Strategic Action (or Response) ACTIONS • A market-based move that involves a significant commitment of organizational resources and is difficult to implement and reverse ... will respond to it as well as by the type (strategic or tactical) and effectiveness of that response Strategic actions receive strategic responses • Strategic actions elic...
... Antitrust laws in 1 960 s and 1970s discouraged mergers that created increased market power (vertical or horizontal integration) Antitrust Regulation • Mergers in the 1 960 s and 1970s thus tended ... Figure 6. 1 defines five categories of businesses according to increasing levels of diversification ● Diversified firms vary according to their level of diversification and the connection...
... the two workforces BOTH the accuracy of the financial position and accounting standards used AND the quality of the strategic fit and the ability of the acquiring firm to effectively integrate ... Shift core business into different markets Manage industry and regulatory changes Intent: Increase firm’s strategic competitiveness and value; historically returns are close to zero...
... COLLABORATING TO SUCCEED ■ The 199 9 French-based Renault and Japanesebased Nissan alliance was launched because each firm lacked the necessary size to develop economies of scale and economies of scope, ... password-protected website for classroom use T YPES OF MAJOR STRATEGIC ALLIANCES Joint Venture • EXAMPLE: 199 9 - Germany’s Siemens AG and Japan’s Fujitsu Ltd each owned 50 percen...
... Define organizational structure and controls and discuss the difference between strategic and financial controls ● Describe the relationship between strategy and structure ● Discuss the functional ... price increases and relationship demands, and to force suppliers to hold down their prices Continuously improving levels of efficiency and cost reduction can be difficult to repl...
... strategic planning, control and cost management The Design of Strategic Cost Management and Control Systems If management accounting information systems are to be useful for strategic purposes, ... Changes in Strategic Performance", Strategic Management Journal, 17(9) (1996), 693-712 Banker, R D., S M Datar and R S Kaplan, "Productivity Measurement and Managem...