Understanding Strategic Management: Concepts, Levels, and Processes
Concept of Strategy
Defining Strategy
Andrews (1977): Strategy is the pattern of major objectives, purposes, or goals and essential policies and plans for achieving them. It defines the current and desired state of the company, specifying the business it operates in and aims to be.
Porter (1982): Formulating competitive strategy involves relating a company to its environment and taking offensive or defensive actions to create a defensible position against competitive forces.
Hax and Majluf (1996): Strategy
Read MoreAerodrome Separation and Approach Procedures
Aerodrome Separation
Adequate aerodrome separation can be achieved when:
- All aircraft are constantly in view of the aerodrome controller.
- In the case of two aircraft, each pilot has the other aircraft constantly in view and both report maintaining their own separation.
- An overtaking aircraft pilot reports having the other aircraft in sight and can maintain separation. Note: These provisions primarily apply to arriving aircraft when operationally beneficial.
Simultaneous Takeoffs
Simultaneous takeoffs
Read MoreInstrument Guidance and Data Acquisition in Topographic Surveying
Guidance from the station
The procedure to locate the origin of the equipment at O so that the 0G occupy a certain position, called the instrument guide and refer to them as we work with the instrument orientado.En this case has been placed as reading of the value of the azimuth reference to it from the point source. Observation of azimuthal directions can be performed from an arbitrary origin of the position of the 0g value of the equipment, or it may be an early indication of it to a reference
Entrepreneurship and Business Ideas: A Comprehensive Guide
Item 2: Sources and Generation of Ideas
1. Sources of Ideas
- Academic background of promoters
- Professional experience
- Social dynamics, lifestyle changes, and consumption patterns
- Legislative changes
- Application of new technologies
- New uses or variations of existing products
- Observation of socioeconomic realities elsewhere
2. Techniques for Generating Ideas
- Intuitive techniques: Based on creativity.
- Sound techniques: Based on data analysis and computational study.
3. Intuitive Techniques
- Brainstorming
- Forced relationships
- Lateral
Distribution Strategies: Channels, Length, and Management
Distribution: Covering the Market
Strategic Environment Analysis
To define a distribution policy, it’s crucial to analyze the strategic environment, including:
Consumers:
Changes in population, family structure, age, income, education, values, and lifestyle.Competition:
Among different types of stores, new systems, and life cycles.Resources:
Capital, facilities, personnel, and new technologies.
Channels: Wholesalers
Service Provider:
Customer knowledgeInventory Available:
VendorsService Retail:
Discounts,
SWOT Analysis: A Guide for Business Strategy
SWOT Analysis
SWOT (Strengths, Weaknesses, Opportunities, and Threats) is an analytical tool used to examine all the information about your business and its environment.
This analysis helps understand the interaction between your business characteristics and the competitive landscape. It has broad applications across all corporate levels and various units of analysis (e.g., product, market, product line, company, division, strategic business unit).
The conclusions drawn from a SWOT analysis can be
Read More