What are external drivers & tools?
What is the strategic management process about?
Strategic formulation
Strategic implementation
Strategic evaluation
F - I - E
What are external drivers and tools?
What is the strategic management process?
(Pyramid Sceme)
Competitive advantages can occur in which three layers?
What are the core competencies and their impact on strategies?
Core competencies: resources, sustainable, inimitable, not to purchase, defensible
Competitive advantages: product, services, emotions
Value: RETURN, GROWTH, RISK
What is the VRIO Concept?
Valuable?
Rare?
Inimitable?
Organizational integration?
What’s the strategic management process about?
Strategy implementation:
requires a firm to establish annual objectives, devise policies, motivate employees, and allocate ressources so that formulated strstegies can be executed
“action stage”
Strategy evaluation:
reviewing external and internal factors that are the based for current strategies, measuring perfomamce and taking corrective actions
Last changed2 months ago
