ADMS 1000 Lecture Notes - Lecture 5: Market Power, Market Saturation, Cost Leadership

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Shahab Modirmassihai

Document Summary

Strategic management consists of the analysis, decisions, implementations, and evaluations a firm undertakes to create and sustain its competitive advantages. The plans made or the actions taken in an effort to help an organization obtain its intended purposes. #one type of analysis that combines them all is the swot analysis, which looks at a firm"s strengths, weaknesses, opportunities and threats. #strengths and weaknesses focus on the internal environment of the firm, whereas opportunities and threats focus on the external environment of the firm. As such, which market a firm intends to operate in is a given. is the strategy a firm uses to compete in a. #corporate-level strategy different markets to create synergy to achieve its organizational goals. is about how a firm allocates its resources in. A focus strategy can also have a cost leadership or differentiation strategy intrafirm dynamics.