PPT-STRATEGIC MANAGEMENT FIVE GENERIC COMPETITIVE STRATEGIES

By Charles D Little PhD FIVE GENERIC COMPETITIVE STRATEGIES Competitive strategy relates to all the different strategies a company may do to Gain a competitive advantage Retain existing market share. . Advantage. 1. . Chapter . 1. . Introduction . to Strategic Management. . PART I. STRATEGIC THINKING. Introduction to Strategic Management. Key Terms. Competitive advantage. . Derived from the successful formulation and execution of strategies which differ and create more value than competitor strategies. Summary of lecture. Introduction. Whose responsibility is it. Why it matters. Definitions . Business mission. Strategic Objectives. What is Strategy?. Formulating Strategy. Primary Determinants of Strategy. Entrepreneurship. Business Strategy. This presentation contains material adapted from Hill, C. & Jones, G. (2004). Strategic Management Theory: An Integrated Approach (6. th. ed.). Boston, MA: Houghton.. “Without a strategy the . organisation. is like a ship without a radar , going around in circles”. Joel Ross and Michael . Kami. Generally, a strategy is a plan of action designed to achieve a particular goal.. CHAPTER 1: . Strategic Management & Strategic Competitiveness. THE STRATEGIC MANAGEMENT PROCESS. FIGURE . 1. .1. The Strategic Management Process. KNOWLEDGE OBJECTIVES. KNOWLEDGE OBJECTIVES. IMPORTANT DEFINITIONS. Ch 6 – Competitive Strategies. Brock Breedlove. Christina Higgins. Chris Nelson. Shelby Bentley. Emily . Applebaum. Matt . Lohr. Jimmie . Minshew. Holt Martin. Competitive Strategies. What competitive advantage is and what it implies. David J. . Teece. ; Gary Pisano; Amy . Shuen. . Strategic Management Journal, 1997. BADM545, Fall 3012; Prepared by: Hyunsun Kim. Motivation. Fundamental Question in Strategy. How do firms achieve and sustain competitive advantage? . STRATEGIC MANAGEMENT IN ACTION. Katie Ficken. Ryan Lacy. Kelsey Combest. Taylor Stevenson. Learning Outcomes. Why strategic management is important. What strategic management is. Who’s involved with strategic management. Team 2: Michael Burns, Monica Rael, Mathew Goudie, Towns Garner, William Peterson, and Garrett . Competitive strategy: . Concerns the specifics of management’s game plan for competing successfully and securing a competitive advantage over rivals. Andrew . Etlinger. Ashley Harris. Blake Green. David . Styers. Carolynn . Schnaubelt. Competitive Advantage. Competitive Advantage is a key concept in strategic management. “Getting it and keeping it what managing is all about”. Competitive Strategy. Corporate Strategy. Business Strategy. Functional Strategy and. Operating Strategy. Competitive Strategy. Competitive strategy is the first of the types of strategies in strategic management . Strategic Management for Tourism Hospitality & Events. Mission – Vision – Goals. What. . the organisation is trying to be and trying to achieve;. require . congruency. and . fit . between levels;. Lecture 1. Dr Muhammad Mustafa Raziq. Introduction. About the Instructor. About Strategy and Management. Themes in Strategic Management. Objectives of the Course. Key texts in Strategic Management. Strategy and Management. . COMPETITIVE ADVANTAGE. Fakultas Ekonomi. Universitas Negeri Yogyakarta. 2012. Introduction. Strategy . is an ambiguous term. Johnson and . Scholes. define strategy as the direction and scope of .