Introduction/Executive Summary 3 Case Organisation 4 Current strategic positioning 5 Internal Strategic Position 5 EXTERNAL ANALYSIS 10 Analysis of company’s Strategic Choices & Implementation considerations 12 Strategic Options 13 Recommended Strategic Choice: Mixed Strategy 15 Recommendations 16 Conclusion 17 References 18 Appendix 21 Introduction/Executive Summary This report provides an analysis of current strategic position‚ strategic choices and implementation of BHP Billiton. Several methods
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SECTION -1 BASIC CONCEPTS OF STRATEGIC MANAGEMENT SUMMARY OF KEY POINTS • Strategic management starts with three key questions: (1) Where is the organization now? (2) If no changes are made‚ where will the organization be in a few years? (3) If the answers are not acceptable‚ what specific actions should management undertake? • Strategic management is that set of managerial decisions and actions that determines the long-run performance of a corporation. It includes environmental
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Oligopoly In a oligopoly market structure‚ there are a few interdependent firms that change their prices according to their competitors. Ex: If Coca Cola changes their price‚ Pepsi is also likely to. Characteristics: * Few interdependent firms * A few barriers to entry * Products are similar‚ but firms try to differentiate them * There is branding and advertising * Imperfect knowledge (where customers don’t know the best price or availability) Revenue Curves Total Revenue
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Market Structure Simulation Armani Nelson Professor William Johnson ECO/365 April 24‚ 2012. In the simulation Differentiating between Market Structures I learned about the four market structures‚ which are perfect competition‚ monopoly‚ monopolistic competition‚ and oligopoly. I learned about cost and revenue curves within the market structures and how these structures work within an organization. The simulation also dealt with prisoner’s dilemma‚ price war and duopoly. The prisoner dilemma
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Quantitative Strategic Planning Matrix or a QSPM The Quantitative Strategic Planning Matrix or a QSPM approach attempts to objectively select the best strategy using input from other management techniques and some easy computations. In other words‚ the QSPM method uses inputs from stage 1 analyses‚ matches them with results from stage 2 analyses‚ and then decides objectively among alternative strategies. Stage 1 strategic management tools... The first step in the overall strategic management analysis
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Consumer Market Profile Worksheet Page 1 of 1 1. Demographic market description: Describe the demographic details of your target market. The following items include general descriptive categories you might identify for your customers. Skip items which are not applicable and add items that are. • Age range • Income range • Sex • Occupation • Marital Status • Family size • Ethnic Group • Level of Education • Home ownership • Other 2. Geographic market description: • Area served
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Rivalry 1. Market structure and industry concentration 2. Product differentiation 3. Diversity of opponents 4. Tradition of strategic responses 5. Ease of entry & exit 4. Buyer Power 1. Scale and scope of buyer 2. Price sensitivity and switching cost 3. Buyer’s ability of backward integration 4. Cost structure of buyer 5. Buyer’s industry structure 5. Supplier Power 1. Scale and scope of supplier 2. Supplier’s ability of forward integration 3. Supplier’s industry structure Industry
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Market Structure of Airlines including a Market Structure Table Each business that operates provides goods of some nature‚ public‚ private common resources‚ or natural monopoly. To provide these goods to consumers and make money businesses are subject to Supply and Demand costs of labor as well as the Market Structure of its competition. Using knowledge in all of these aspects of economics it is apparent that Airlines are subject to these factors as well‚ how the economy works can be analyzed
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the firm puts up its price‚ will it lose (a) all its sales (a horizontal demand curve)‚ or (b) a large proportion of its sales (a relatively elastic demand curve)‚ or (c) just a small proportion of its sales (a inelastic demand curve)? • The market structure under which a firm operates will determine its behavior. Firms under perfect competition will behave quite differently from firms which are monopolists‚ which will behave differently again from firms under oligopoly or monopolistic competition
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Market Structure Paper August 2‚ 2009 In this paper I will discuss competitive markets‚ monopolies‚ and oligopolies and what role each of these play in an economy? I will also point out: o What the characteristics of each market structure is? o How the price is determined in each market structure in terms of maximizing profits? o How output is determined in each market structure in terms of maximizing profits? o What are the barriers to entry‚ if any? o What role does each market
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