Exam2FC_6 - Company owns different product lines; sometimes...

Info iconThis preview shows pages 1–21. Sign up to view the full content.

View Full Document Right Arrow Icon
Core Competencies Strategic Management
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Purpose is to beat the competition and steal their market. What you do well, but do not necessarily help you.
Background image of page 2
Core Competencies Core Competencies
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Could have ability, but not enough to make something useful. Required, but not sufficient for being successful in competitive markets.
Background image of page 4
Vision/ Mission; Goals and Objectives Core Competencies
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Use them to create a competitive advantage. ____ are big, grand goals (eliminate illiteracy), while ____ narrow it down (literacy programs in each continent).
Background image of page 6
Top Management Formulate a Strategy
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Tactical plan; how will we accomplish goals and objectives? Formulates a strategy – their favorite part.
Background image of page 8
Stars or Question Marks Value-Chain Analysis
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Add value to what already exists (nails, then router, then sand, then paint, then sell). Where you put money from cash cows.
Background image of page 10
Five Forces Model Diversification
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 12
Background image of page 13

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 14
Background image of page 15

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 16
Background image of page 17

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 18
Background image of page 19

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 20
Background image of page 21
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Company owns different product lines; sometimes they make sense together and sometimes they don’t. Things in business you have to deal with; want five stars. New Entrants Supplier Power Usually when a company controls a limited resource. If it’s easier to get in, others will jump in and compete against you. Four Generic Competitive Strategies Five Forces Model; Four Generic Competitive Strategies ____ looks at the entire industry while ____ looks at a specific industry. Can compete based on low cost or differentiation. Low Cost Differentiation Increases sales price in order to specialize the product. Make process more efficient; not selling at the lowest price. Low Cost Profit Difference between cost of goods sold and selling price. Decrease cost of goods sold more than you decrease the selling price....
View Full Document

This note was uploaded on 09/08/2011 for the course MAN 3025 taught by Professor Clevenger during the Fall '08 term at University of Central Florida.

Page1 / 21

Exam2FC_6 - Company owns different product lines; sometimes...

This preview shows document pages 1 - 21. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online