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Week Six John Threlfall.

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Presentation on theme: "Week Six John Threlfall."— Presentation transcript:

1 Week Six John Threlfall

2 Formulating Competitive Strategies

3 Key Areas of Strategic Planning
Key Areas to Address Strategy Development Mission Statement Direction Vision Mission Objectives KFS Capabilities Competencies Value Chain Value Systems Key Areas in Strategic Plans Regardless of the Task to be Achieved Vision Mission statement Corporate Objectives Analysis Strategies Implementation Budgetary requirements Time scale, evaluation, contingency planning, control Execution

4 A Road Map to Developing Strategic Plans

5 The TELESCOPIC OBSERVATIONS Strategic Matrix

6 Implementing Strategies

7 Offensive Strategies

8 Defensive Strategies

9 Igor Ansoff, a Russian/American mathematician, applied statistical analysis to business enterprises in the emerging post-war economies. His most famous conceptual model is known as the Ansoff Matrix. The purpose of the matrix is to help managers consider how to develop business through existing or new products, or in existing or new markets. In this way Ansoff highlighted the differing degrees of risk associated with their business strategy

10 NEW PRODUCT DEVELOPMENT
Market Strategies ANSOFF’S Matrix MARKETS NEW CURRENT PRODUCTS MARKET PENETRATION MARKET DEVELOPMENT DIVERSIFICATION NEW PRODUCT DEVELOPMENT Plus Market Development

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14 Measuring the marketing mix

15 How to Write a Strategic Report
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