DANCEST 805 Lecture Notes - Lecture 4: Corporate Social Responsibility, Strategic Management, Market Power
Document Summary
Chapter 1: what is strategy: strategic management: an integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage. 1. 3 the afi strategy framework: afi strategy framework: a model that links three interdependent strategic management tasks analyze, formulate, and implement that, together, help managers plan and implement a strategy that can improve performance and result in competitive advantage. Chapter 2: strategic leadership: managing the strategy process. Chapter 3: external analysis: industry structure, competitive forces, and strategic. 3. 1 the pestel framework: pestel model a framework that categorizes and analyzes an important set of external factors (political, economic, sociocultural, technological, ecological, and legal) that might impinge upon a firm. These factors can create both opportunities and threats for the firm. 3. 3 changes over time: industry dynamics: industry convergence a process whereby formerly unrelated industries begin to satisfy the same customer need. Chapter 4: internal analysis: resources, capabilities, and core competencies.
