Every nations economy has many factors that control it. Generally, people refer
to the concept of supply and demand to see which products are what price.
Supply and demand determine what the price of the
1. An industry is a group of companies offering products or services that are
close substitutes for each other.
2. Market segments are distinct groups of customers within a market that can
be differentiated from each other on the basis of their distinct a
The three strategies mentioned in the fifth lecture include low cost,
differentiation and focus. The strategy I found an article was the low cost
strategies. When compani
The article I found discusses the Thach Weave Tactic. It is one of the oldest air combat
tactics. It started around World War II when it was first used by United States Navy pilot
The DuPont Formula is also known as the Return on Investment formula, or simply ROI. It is
an analytical tool used by management to understand the root cause of an organizations
profitability or the lack thereof. When you find yourself asking why about a
Ch. 1 Supplement Thatch Weave
A. What happens if your organization does not enjoy superior resources?
B. For the short term superior tactics can be utilized to buy time in order to
address the resource deficiency.
C. As opposed to strategy, tactics are fl
Differentiate between Strategy and Tactics
Strategy: Expensive and extremely difficult to reverse
Tactics: Used to implement strategy
Can make up for weak resources (Please refer to the
Chapter 1 Supplement Thatch Weave)
Whenever anyone starts a business, it is crucial to be aware of your
surroundings. For example, if someone opens a business, they have to choose
the correct locatio
1. The Strategic Planning Model
i. Precise & Measureable
ii. Address Critical Issues
iii. Challenging but realistic: (James Collins: BHAG);
Answers the question: What do we want to be?
Specify a time period for achievement
b. Objectives (Mil
Ch.1 OLT Supplement-Market Growth Curve
Late Rapid Growth (LRG)
Significant Competitive Action Takes Place (SCA)
Early Rapid Growth (ERG)
A. We are all familiar with the S Curve of market growth. Lets revisit it as the