GMS 200 Chapter 9: Chapter 9

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Sui Sui

Document Summary

few players not directly competing against each other. Long-term competitive advantage in defined market segment: hypercompetition. several players directly competing against each other. Study question 2: what is the strategic management process: strategy formulation, the process of creating strategy, involves assessing existing strategies, organization, and environment to develop new strategies and strategic plans capable of delivering future competitive advantage. www. notesolution. com. Location: an important test of the mission is how well it serves the organization"s stakeholders. natural environment: analysis of industry environment: Figure 9. 3 swot analysis of strengths, weaknesses, opportunities, and threats www. notesolution. com. Figure 9. 4 porter"s model of five strategic forces affecting industry competition. Study question 3: what types of strategies are used by organizations: strategic forces to be examined in conducting an industry analysis, industry competitors, new entrants, suppliers, buyers, substitutes. Figure 9. 5 three levels of strategy in organizations corporate, business, and functional strategies www. notesolution. com: strategic implications of strategic forces, unattractive industry.