Transcription of The Strategic Management Frameworks - MIT …
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The Strategic Management Frameworks - MIT …
The Strategic Management The Strategic Management FrameworksFrameworksArnoldo HaxAlfred P. Sloan Professor of Management PorterPorter ResourceResource--Based View of the Based View of the FirmFirm The Delta ModelThe Delta ModelThe Frameworks for competitive The Frameworks for competitive PositioningPositioningPorterPorter s Framework for Explaining the Profitability of a s Framework for Explaining the Profitability of a BusinessBusinessCompetitive PositioningAchieving sustainable competitive advantageIndustry StructureFactors affecting industry profitabilityStrategy Formulation and ImplementationDefining and executing the managerial tasksElements of Industry Structure: PorterElements of Industry Structure: Porter s Fives Five--ForcesForcesBarriers to Entry- Economies of scale- Product differentiation- Brand identification- Switching cost- Access to distribution channels- Capital requirements- Access to latest technology- Experience & learning effectsGovernment Action- Industry protection - Industry regulation- Consistency of policies- Capital movements among countries- Custom duties- Foreign exchange- Foreign ownership- Assistance provided to competitorsPower of Suppliers- Number of important suppliers- Availability of substitutes for the supplier's products - Differentiation or switching cost of su
Achieving sustainable competitive advantage Industry Structure Factors affecting industry profitability Strategy Formulation and Implementation Defining and executing the managerial tasks. Elements of Industry Structure: Porter’s Five-Forces Barriers to Entry - Economies of scale
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