Strategic Groups * “the group of firms in an industry following the same strategy along the same strategic dimensions” (Porter‚ 1980) * “a set of firms competing within an industry on the basis of similar scope and resource commitments” (Cool & Schendel‚ 1968) Competitive strategy = a choice of which strategic group to compete in = the choice of the easiest group to ‘get into’ Strategic groups are organisations within an industry with similar strategic characteristics‚ following similar
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Case study Portfolio analysis and planning in a retail group Bear is a large department store in downtown St Gallen which has belonged to the family of the same name for three generations. Offering a full range of goods‚ it has been able to preserve its domonance in the region. Figure 1 presents the range of goods sold and estimates for current turnover. |Product goup |Turnover in mil. CHF
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Nature of Strategic Management Multiple Choice | ------------------------------------------------- Top of Form 1. | | The three stages of strategic management are | | strategy formulation‚ strategy implementation‚ and strategy execution. | | strategy formulation‚ strategy execution‚ and strategy assessment. | | strategy formulation‚ strategy implementation‚ and strategy evaluation. | | stratify assessment‚ strategy execution‚ and strategy evaluation. | | 2. | | Job titles that
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Strategic Management in Action‚ 6e (Coulter) Chapter 1 Introducing the Concepts 1) Companies that use strategic management tend to have higher levels of performance. Answer: TRUE Diff: 2 Page Ref: 2 Topic: Explain Why Strategic Management Is Important AACSB: Reflective Thinking Objective: Define strategic management and identify its basic components 2) Strategy should be developed from a number of approaches rather than a single approach. Answer: TRUE Diff: 2 Page Ref:
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1.0 Introduction Authorisation Air Asia X is a budget airline based in Malaysia which provides high-frequency and point to point networks to medium and long-haul service with low-cost carrier. Previously‚ the company known as Fly Asian Xpress Sdn Bhd but the airline company is operated by Air Asia X Sdn Bhd since 2 November 2007. Air Asia X is the authorised representative appointed by ACE Air Cargo‚ the Alaska’s largest scheduled all-cargo carrier. Air Asia X provide carrier services on behalf
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STRATEGIC MANAGEMENT PROCESS Strategy: A strategy is a plan of action designed to achieve a particular goal. Art & science of formulating‚ implementing‚ and evaluating‚ cross-functional decisions that enable an organization to achieve its objectives Some Examples • Geographic expansion • Diversification • Acquisition • Market penetration • Retrenchment • Liquidation • Joint venture Strategic Management: It includes: 1. Making Strategies (Decisions) 2. To work upon those strategies
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Discussion Question 6 For its Zara brand‚ Inditex manufactures the majority of the garments sells and undertakes all of its own distribution from manufacturing plants to its directly managed retail outlets. Benetton outsources most of its production and most of its retail outlets are owned and operated by franchisees. Which is a superior system? Even though one might believe that the system used by Benetton and such other collections such as GAP is superior due to the lower labor costs by the outsourcing
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NEW PERSPECTIVES ON STRATEGIC MANAGEMENT PROCESS Pop Zenovia Cristiana‚ Borza Anca Department of Management‚ Faculty of Economics and Business Administration‚ “Babeş-Bolyai” University of Cluj-Napoca‚ Romania zenovia.pop@econ.ubbcluj.ro anca.borza@econ.ubbcluj.ro Abstract: For developing economies the development of enterprises should be a strategic goal‚ this way of thinking may become viable only as a result of a combination of judicious analysis based on specific local economic aspects
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Contents Page 1. Introduction……………………………………………………………4 2. Key definitions……………..…………………………………..……..5 3. Strategic Management Process Model………………………………...6 4. Conclusion……………………………………………………………10 5. Bibliography………………………………………………………….11 Introduction In the modern economy‚ competitiveness means information and know-how rather than capital and
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What is law? Definition of law. Everyone knows something about law from personal‚ experience‚ television‚ or newspaper. The exactly law is a system of rules; it’s usually enforced through a set institution. Law also a variable publish agency‚ custom‚ people commit them low set of rules that guide our conduct society which is enforceable. Law has several aims; they are all concerned with making society more stable and enabling people of to flourish. One way of doing this is to set up and official
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