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Management Notes

In: Business and Management

Submitted By hamze3h
Words 1481
Pages 6
External: 1. General Environment: PEST (Political, Economic, Socio-Cultural, Technological) 2. Competitive Env: Porter’s 5 force (attractive market/good position) **Define boundaries & players.
Threat of new entrants: Motivation to enter, capital req., switching costs, economies of scale and learning curve.
Suppliers Power: symbiotic relationship; need each other to survive. **switching costs
Power relationship a) availability b) importance of resources supplier threat of forward integration, buyer's threat of backward integration.
Buyers Power: # of buyers to sellers, product diff, switching cost, buyer's profit margin, multiple sources, threat of integration, volume orders
Threat of Substituted Products: price/quality of substitute, buyer switching cost
Rivalry among firms: # of competitors, size of competitors, industry growth rate, exit barriers, similarity.
(-) static, zero-sum game (no collaboration between firms), perfect info (all you need). 3. Industry Evolution a)2 mechanisms b) Founding rate c) Failure rate

4. AMC Model * Attacker i. Awareness: new market opportunity, market dependence ii. Motivation: past performance (bad=attack), likelihood of success iii. Capabilities: internal social capital + resources & competitors weaknesses * Defender i. Awareness: market dependence, attributes of attackers (direct comp?) ii. Motivation: past performance, impact of attack, likelihood of success iii. Weaknesses of attackers, resources & caps. *Motivation! Dynamic 2 firms 5. Strategic Groups a) Not all firms in industry are the same b) competition localized (products, size, location) c)Existence req. mobility barriers (entry, exit) grouping/diff to switch prd. Internal: Organizational Capabilities 6.…...

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