1318955617_602__Week%252B7%252Bslides

1318955617_602__Week%252B7%252Bslides - Week 7:...

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Week 7: international strategy 12/05/11 1 international strategy
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What is strategy? 12/05/11 2 international strategy
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Process-based explanation: strategic planning/strategic management: An integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage --- Michael A. Hitt, R. Duane Ireland, and Robert E. Hoskisson, Strategic Management: Competitiveness and Globalization (Concepts and Cases), 2007. 12/05/11 3 international strategy
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The Strategic Management Process Objectives External Analysis Internal Analysis Strategic Choice Strategy Implementation Competitive Advantage? Mission 12/05/11 4 international strategy
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12/05/11 international strategy 5 Internal and external analyses S.W.O.T., which ones are about internal, and which ones external?
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Porter’s Five Forces Model Focal Firm Buyers Suppliers Entry Rivalry Substitutes Industry Threat Higher Threat Lower Average Profits 12/05/11 6 international strategy
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Strategic Choice External Analysis 12/05/11 7 international strategy Business level Corporate level Internal Analysis Strategic choice
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Mission Objectives External Analysis Internal Analysis Strategic Choice Strategy Implementation The Strategic Management Process Business Level Strategy Corporate Level Strategy How to Position a Business in the Market? Which Businesses to Enter? 12/05/11 8 international strategy
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Mission Objectives External Analysis Internal Analysis Strategic Choice Strategy Implementation Corporate level strategy Corporate Level Strategy Which Businesses to Enter? Vertical Integration Diversification 12/05/11 9 international strategy
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Logic of Corporate Level Strategy Corporate level strategy should create value: 1) such that businesses forming the corporate whole are worth more than they would be under independent ownership 12/05/11 10 international strategy
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Logic of Corporate Level Strategy 2) that equity holders cannot create through portfolio investing 12/05/11 11 international strategy Corporate level strategy should create value:
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a corporate level strategy must create SYNERGIES Therefore, •value chain economies - integration economies of scope – diversification Scale vs. scope? 12/05/11 12 international strategy Logic of Corporate Level Strategy
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Integration and Diversification Integration C u s t o m e r D i b n F c a l S p R w M Forward Backward 12/05/11 13 international strategy
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Integration and Diversification Diversification Current Businesses No Links Many Links Unrelated Related Other Businesses Other Businesses 12/05/11 14 international strategy
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1318955617_602__Week%252B7%252Bslides - Week 7:...

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