Relationship between Driving Forces and Strategy
A relationship between driving forces and strategy – Sound analysis of an industry’s driving forces is a prerequisite to sound strategy making. If the driving…
Business
Common Driving Forces
Common Driving Forces The driving forces in an industry are the major fundamental causes of changing an industry and competitive conditions. The internal and external…
Major Steps that involved in Environmental Analysis
Environmental analysis is scrutinizing of the external forces which have the bearing on the functioning of the Business. The environment of an organization consists of it…
Key Success Factors (KSFs)
A Business’s Key Success Factors (KSFs) are those things that most affect the industry’s ability to prosper in the marketplace. They concern the product attributes,…
How do organizations respond to influence of External Environment?
The environment of an organization consists of it surrounding anything that affects its operation favorably or unfavorably. The external environment includes the areas of General,…
Environmental Scanning
Environmental scanning is the process of examining the external environment to determine trends and projections of factors that will affect the organization. It involves studying…
Strategic group mapping
Strategic group mapping is a technique for displaying the different competitive positions that rival firms occupy in the industry. It is a significant area with…
Factors that conduct Strategic Group Analysis
Strategic groups are conceptually defined clusters of competitors that share similar strategies and therefore compete more directly with each other than other firms in the…
Michael Porter’s Five Forces Model of Competition
Michael E. Porter, a professor of Harvard University developed a model regarding the competition in an industry. It is popularly known as “Five forces model…
How the External Environment influences a Strategy?
The environment of an organization consists of it surrounding anything that affects its operation favorably or unfavorably. The external environment includes the areas of General,…
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