Saturday, 18 February 2012

Business-level Strategy - a discussion agenda

The  topic of Business-level Strategy is taught in Strategic Financial Management by me; it is also covered in Strategic  Management. The major discussion items are as follows:

  1. Major elements of Strategic Business Unit Strategies
    • Bases of competitive strategy
    • Achieving competitive advantage
  2. Identificationof Strategic Business Units (SBUs)
    • Critieria: market-based criteria and capabilities-based criteria
  3. Bases of competitive advantage
    • The strategy clock
    • How to sustain competitive advantage (re: Exhibit 6.3)
      • Sustain price-based advantage
      • Sustain differentiation-based advantage
      • Strategic lock-in
      • Respond to competitive threat
  4. Competitive strategy in hypercompetitive conditions
    • Overcome competitors' bases of strategic advantage
    • Profile of successful hypercompetitive strategies
  5. Competition  and collaboration
  6. Game theory
    • The 'prisoner's dilemma
    • Sequential games
    • Change the rules of the game
Related handwritten note:




References
  1. Johnson, G., Scholes, K. and Whittington, R. (2008) Exploring Corporate Strategy, Prentice Hall.
  2. Develop a competitive advantage (video): http://www.youtube.com/watch?v=S9O2oPbT3fs
  3. Resources and competitive advantage (video): http://www.youtube.com/watch?v=BfGQYYu0Pzs&feature=related
  4. Porter's generic strategies (video): http://www.youtube.com/watch?v=ndARJzmKras&feature=relmfu
  5. Porter's 5-Force Model (video) (by Porter): http://www.youtube.com/watch?v=2FzYhdS4pqM&feature=related

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