The environments in which businesses exist are constantly changing. By environment I mean both internal and external. What can one do about it? The short answer is come up with a strategy that ensures that the business is distinct and has a competitive advantage. Strategy, in its simplest form, means the things that an organization …
PORTERS FIVE FORCES The whole point of competitive strategy is to relate a business, or company for that matter, to its environment. In as much as that environment is going to be broad. Porters five forces show that businesses will always compete and that has nothing to do with coincidence or luck rather the underlying …
STRUCTURE CONDUCT PERFORMANCE MODEL YOUR BUSINESS AND SUCCESS When running your business your success will obviously depend on what edge you have against your competitors. This is what is referred to as competitive advantage But how do you position your business to achieve such? The primary determinant of your business performance, according to market based …
