Class Notes (809,120)
Canada (493,535)
GMS 200 (1,233)

GMS Week 9.docx

2 Pages
Unlock Document

Ryerson University
Global Management Studies
GMS 200
Shavin Malhotra

Week 9 Monday, November 5, 2012 Chapter 7: Strategy and Strategic Management Useful strategic tools and techniques  SWOT  Porters Five Force Model  BCG Matrix Porters Five Force Model  Michael E Porters “Competitive Strategy” is one of the most strategic books  Porters Model – Industry Analysis 1. Potential entry for new competitors  When a firm can easily enter a new industry, competition in that industry o Increases  That threat is aggravated when new entrants can leverage their existing cash flows in other businesses  Potential entry for new competitors o Increases barriers o entry through  Large economies of scale  Strong brand preferences 2. Threat of Substitutes  Industries with close competition with producers of substitute products have higher competition  More pressure on Pricing  As pricing for substitute products decline higher competitive pressure on the industry 3. The Power of Suppliers  Very large suppliers  Cost of Switching raw
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.