Class Notes (808,765)
Canada (493,382)
GMS 200 (1,233)

lecture 5

7 Pages
Unlock Document

Ryerson University
Global Management Studies
GMS 200
Shavin Malhotra

Management Strategy Imp aspect of any org Help org beat competitiors Useful planning tools and techniques SWOT (strengths, weakness, opportunites, threats) o strengths internal= manufacturing effiency, skilled workforce, market share, financing, rep o Weakness internal = Obsolete tech o Opp external = strong economy = huge growth rate o Threat external = new competitor, consumer more demanding Porters five forces model o Focuses on industry Highest rev 5aerospace and defence, 8health care: pharmacy, 7commercial banks, 10entertainment,6 food consumer products, network and comm., 4mining and crude-oil production,9 motor vehicles and parts, 2pharmaceuticals, 3railroads Least profit to rev ratio o Why industry? help design plan and strategy o Industry competition, customers, substitute products, suppliers, new entrants = if no these = no kind of industry in = better plan how reach position o Airline industry highly competitive = strong rivalry = many competitors = low profitablity Bargaining power of consumers, since strong competition and compare prices with one airline with other Suppliers not too many = better for suppliers and more competition with airlines = not good bc not lot of option and prices are controlled and supplier can demand the price of material = controled Oil = fly on crude oil = makes competitive bc prices controlled
More Less

Related notes for GMS 200

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.