Game theory – Prisoners dilemma
Elements of Game theory – Prisoners dilemma: Example payoff in years of jail Principle: Determines the options and payoffs of players Issues: Multiple players, win-win or zero-sum, changing the rules…
Competetive Advantage
Environment Internal
Models
Strategy Choice
Strategy Direction
Strategy Subjects
Strategy Tools
Porters Generic Strategies Competitive advantage
Elements of Porters Generic Strategies Competitive advantage: Matrix mapping strategic tarket market and competitive advantage Principle: Describe how a company pursues competitive advantage across its chosen market scope – to…
Entrepreneurship
Management
Managing Finances
Managing People
Models
Strategy Direction
Strategy Priority
Strategy Subjects
Strategy Tools
Success
Rejuvenating the mature business
Elements of Rejuvenating the mature business : Galvanize – start a recovery processSimplify and consolidateBuildExert leverage Principle: Rejuvenation is rather to be achieved in the four steps than a one-off…
Simple Competitive Strategy matrix
Elements of Simple Competitive Strategy matrix: Acknowledged differentiation and Relative price matrix Principle: Competitive strategy based on customer quality perception and price Issues: Over or under pricing Gap between customer…
Strategic Alternatives – Development & Growth
Elements Strategic Alternatives: Market Penetration– known skills and technology – just getting better Market Development – known skills and technology – new products or segments Product Development – known skills…
Management
Managing Finances
Models
Risk
Strategy Choice
Strategy Direction
Strategy Subjects
Strategy Tools
Strategy Validation
Sustainability/Appropriability
Strategies for Declining Industries
Elements of Strategies for Declining Industries: Leadership Selective investment / Turnaround; Invest as appropriate to give real competitive advantage.Idea: Become one of the strongest in declining industry – low-cost or…
Strategy Evaluation – Selection Criteria
Elements of Strategy Evaluation – Selection Criteria: Appropriateness, Feasibility, Desirability Principle: Factors influencing effectiveness of strategy A – start left & end right F – start up & end down…
The Distruptive Innovation Model
Elements of The Distruptive Innovation Model: Relationship between level of product performance developed in an industry over time and the performance levels different customer levels are willing to pay for.…
Development Strategies
Elements of Development Strategies: Basic Strategies – Alternative Directions – Alternative Methods Principle: Tree main types of strategic choices management has to take Issues: Simplification of strategic choices Exit/growth direction…
The Value Chain
Elements of The Value Chain: Identification of key activities, and their relation Principle: Arise of competitive advantage – one or more processes or sub processes Issues: To determine most critical…