CHAPTER 3 : EVALUATING A COMPANY’S EXTERNAL ENVIRONMENT

I will share with you what I have learned in the class of Strategic Management This objectives are to :-

• Become aware of factors in company’s broad macro-environment that may have strategic significance
• Gain command of the basis concepts and analytival tools widely used to diagnose the competitive conditions in a company’s industry

• Become adept at mapping the market positionsLearn how to use multiple frameworks

• Analysis is the critical starting point of strategic thinking – Kenichi Ohmae – Consultant and Author
•  Here are the lists on the way to analyze and evaluate company’s external environment.

1.             PESTEL analysis

2.       Five Competitive Forces

3.       Strategic Group Mapping

4.       Key Success Factors

Topic 1 and Topic 2

Assalamualaikum everybody!

Today I will share and show with you all what I have learned in my class for this week. For this week, we have learned on two topics for this subject. For the first topic we learned on the Nature of Strategic Management and Vission and Mission as no 2 topic.

A company’s strategy is its action plan for outperforming its competitors and achieving superior profitability.Strategy also is about competing differently from rivals :-

            Doing what competitors don’t do or,even better,doing what they can’t do

Good strategy + Good Strategy Execution = Good Management

Topic 2:

The vision we have…determines what we do and the opportunities we see or don’t see – Charles G.Koch – CEO of Koch Industries.

A company’s strategic plan lays out its future direction performance targets,and strategies.