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7 Cards in this Set

  • Front
  • Back

porters force models

new entrants threats


competition


power of suppliers


power of customers


threat of substitutes

McKinsey 7s

Shared values


Style


strategy


structure


systems


staff


skills


factors contributing to business strength and industry attractiveness

market size


competition


market growth


pricing trends


globalization



product or service uniqueness


record of innovation


customer loyalty


brand recognition


distribution strength

importance of business strategy

trends


vision


competitive advantage


levels of business strategy

responsibility of top management

providing direction


managing growth


maintaining efficiency


innovation


leadership


task of top level management

determine objectives


frame the policy


market policy


financial policy


control the operations

nature of strategy

provides direction


aligns activities


enhances communication and commitment


provides framework for ongoing decision making