GMS 200 Lecture Notes - Lecture 7: Infomediary, Basic Income, Bargaining Power

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Olga Tabunshchikova

Document Summary

Chapter (cid:889): strategy and strategic management (cid:889). (cid:883) describe what is strategic management (cid:889). (cid:884) )dentify the essentials of strategic analysis (cid:889). (cid:885) )dentify the various corporate strategies and explain how each is formulated (cid:889). (cid:886) )dentify the various. Books to read (enry minzberg (cid:523)(cid:884)(cid:882)(cid:882)(cid:890)(cid:524) (cid:498)strategy safari(cid:499), (cid:884)nd ed. Ben (orowitz (cid:523)(cid:884)(cid:882)(cid:883)(cid:886)(cid:524) (ard thing about (ard things. Competitive advantage- operating with an attribute or set of. Goal of strategic management is to create above average returns fro investors. Cost and quality- where strategy drives and emphasis on operating efficiency and product or service quality. Knowledge and speed where strategy drives an emphasis on innovation and speed of delivery to market for new ideas. Barriers to entry- where strategy drives and emphasis on creating a market stronghold that is protected form entry by others. Financial resources- where strategy drives an emphasis on investments.