Management and Organizational Studies 4410A/B Study Guide - Final Guide: Swot Analysis, Test Market, Horizontal Integration

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 4410A/B
• Professor: Raymond Leduc

Document Summary

Implications: a well-designed business mission is the foundation for priorities, strategies plans, and work assignments. A good mission statement can be broad in scope to fit with stakeholders, customer-centric, enduring, socially responsible. Global: economic traits nature of the industry, key success factors relate this to five forces. Competitive intelligence identify and understand rivals" strengths and weaknesses: competition relative to industry key success factors. Sufficient short term/long term capital: operating costs (tc) going higher than profits, are supplies reliable and reasonable, what strategy is being pursued, productions/operations (if applicable) Highly automated - require high capital investment, flexibility, labour concerns. First mover high r&d: porter"s (focus vs broad) analysis. High market share -> high industry growth ^ Swot (strengths, weaknesses, opportunities, threats: analysis, are present channels of distribution reliable and effective, compare to industry norms for this type of company. Value chain: determine where cost advantages/disadvantages in vc compared to rival firms, analysis.