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3846301
MENTAL MAP STRATEGY
Description
Assignment content mental map.
No tags specified
strategy
mental map
assignment
Mind Map by
dmedina5
, updated more than 1 year ago
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Created by
dmedina5
about 9 years ago
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Resource summary
MENTAL MAP STRATEGY
Concept
Pattern
What business the company is in
What business it is to be
Long Term
Become diversified along many lines of business
to set up distant plants and offices
Personality of the firm
Products, markets, channels for reaching the markets
Decisions to expand the volume of activities
Move into new economic functions
Actions
Strategy is been DIFFERENCE, choosing a different set of activities to deliver a unique mix of value.
Levels of strategy
Corporate level
What businesses the firm should be in
What businesses should leave
How to manage the array of businesses
Growth Strategy
Market Penetration
Market development
Product Development
Diversification
Reasons
Economies of scope
Economies of scale
Lowering transition cost
Increasing market power
Responding to market decline
Spreading risk
Expectations of powerful stakeholders
Related
Vertical integration
Backward Integration
Forward Integration
Horizontal integration
Concentric diversification
Alliances
Resources
Tangible
Physical resources
Intangible
Patternts
Brand names
Human
Synergies
Modular
Sequential
Reciprocal
The marketplace the company compete in
Take into account external factors
Degree of uncertainty
Forces of competition
Acquire
100% of an other company
business level
How to be different
Competitive strategy is the search for a favorable competitive position in a industry
Differentiation
Seeks to be unique in its industry
Selects one or more attributes
Premium price
Can not ignore its cost position
Cost leadership
Low cost producer in its industry
Economies of scale
Standard
can not ignore the bases of differentiation,
sector
A field
Is a social constructed entity
Has negotiated boundaries
Economics
Sociology
Marketing
A critical mass of scholars believe it ti exist and share conceptions of its essential meanings
The 9 building blocks
Customer segment
Value Proposition
Channels
Customer relationships
Revenue Streams
Key resources
Key partnerships
Key activities
Cost structure
How to define businesses
Users and clients
Different groups of clients
Value propositions, identifying pains, gains, moments.
Different needs
Start by identifying customer segment or value proposition
Who participates in the process?
The use of visual displays
CSR
Understands interdependency
Business
Society
Justifications
Moral obligation
Sustainability
License to operate
Reputational
Source
Opportunity for differentiation
Competitive advantage
Crafting Strategy
Traditional skill
Dedication
Mastery of detail
The P' of Strategy
Plan
Perspective
Position
Pattern
The strategic Management Process
Understanding Strategy and performance
Environmental and internal scanning
Resources and capabilities
Strengths and weaknesses
Strategy Formulation
Strategy Implementation
DIEGO MEDINA CANO
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