BS3 - Strategy and Tactics

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  • Created by: 09eatonb
  • Created on: 05-01-16 12:53
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  • Strategy and Tactics
    • Porters Five Forces
      • Provides distinctive values to opportunities and threats of a business
      • Intensity of Rivalry within the industry
        • Bargaining power of buyers
        • Threat of Substitute products
        • Threat of New entrants
        • Bargaining Power of Suppliers
      • High profit industries are associated with...
        • Weak suppliers
        • Weak customers
        • High barrier to entry
        • Low rivalry in the industry
        • Low threat of substitute products
      • Low profit industries are associated with...
        • Strong suppliers
        • Strong customers
        • Low barrier to entry
        • High rivalry in the industry
        • High threat of substitute products
    • SWOT Analysis
      • Opportunities
      • Weaknesses
      • Threats
      • Strengths
    • Types of decisions:
      • STRATEGIC = general direction and overall policy of a business
      • TACTICAL =  medium term decisions used to implement strategic decisions.
      • OPERATIONAL = general administration
    • Who makes the decisions?
      • The Senior Team e.g. the CEO
    • Constraints on decision making
      • Internal =  e.g. company policy and availability of finance
      • External = e.g the economic environment and legislation
    • The decision making process
      • 1. Identifying objectives
      • 2. Collecting and analysing infromation
      • 3. making a decision
      • 4. Outcome
      • 5. Evaluation of results

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