Transcription of The Strategic Management Frameworks
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The Strategic Management Frameworks
The Strategic The Strategic Management FrameworksManagement FrameworksArnoldoHax PorterPorter ResourceResource--Based View of the FirmBased View of the Firm The Delta ModelThe Delta ModelThe Frameworks for competitive PositioningThe Frameworks for competitive PositioningPorter s Framework: Porter s Framework: Explaining the Profitability of a BusinessExplaining the Profitability of a BusinessStrategy Formulation Strategy Formulation and Implementationand ImplementationDefining and executingDefining and executingthe managerial tasksthe managerial tasksCompetitive PositioningCompetitive PositioningAchieving sustainableAchieving sustainablecompetitive advantagecompetitive advantageIndustry StructureIndustry StructureFactors affecting Factors affecting industry profitabilityindustry profitabilityFigure 5 Figure 5--1. Elements of Industry Structure: Porter s Five1. Elements of Industry Structure: Porter s Five--ForcesForcesSuppliersSuppliersSubs titutesSubstitutesBuyersBuyersNew EntrantsNew EntrantsIntensity of RivalryIntensity of RivalryIndustry CompetitorsIndustry CompetitorsThreat of Threat of New EntrantsNew EntrantsAvailability of SubstitutesAvailability of SubstitutesAvailability of close substitutesAvailability of close substitutesUser s switching costsUser s switching costsSubstitute producer s profitability and aggressivenessSubstitute producer s profitability and aggress
The Strategic Management Frameworks Arnoldo Hax ... Corporate strategic stakes Barriers to Exit Asset specialization One-time cost of exit Strategic interrelationships with other businesses ... competitive advantage (or disadvantage), and firm value. Resources can be classified into
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