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STRATEGIC MANAGEMENT Alex Miller THIRD EDITION

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Presentation on theme: "STRATEGIC MANAGEMENT Alex Miller THIRD EDITION"— Presentation transcript:

1 STRATEGIC MANAGEMENT Alex Miller THIRD EDITION
© The McGraw-Hill Companies, Inc., 1998

2 Chapter Three External Analysis Slide 3-1 Irwin/McGraw-Hill
© The McGraw-Hill Companies, Inc., 1998

3 Examples of Dimensions in General Environment Assessment
DEMOGRAPHIC SOCIOCULTURAL POLITICAL/LEGAL MACROECONOMIC TECHNOLOGICAL GLOBAL Slide 3-2 Exh. 3.1 Irwin/McGraw-Hill © The McGraw-Hill Companies, Inc., 1998

4 The Five Forces Model of Competition
Threat of New Entrants Rivalry Among Existing Firms Bargaining Power of Suppliers Bargaining Power of Buyers Threat of Substitute Products Slide 3-3 Exh. 3.3 Irwin/McGraw-Hill © The McGraw-Hill Companies, Inc., 1998

5 Continuum of Types of Competition
PURE MONOPOLY AVOIDED COMPETITION HYPER- COMPETITION PERFECT COMPETITION Slide 3-4 Exh. 3.5 Irwin/McGraw-Hill © The McGraw-Hill Companies, Inc., 1998

6 Summary of Factors Affecting the Approach Taken to Rivalry
Tendency Toward Avoided Competition The Industry’s Structure The Possibility for Implicit Collusion The Sustainability of Competitive Advantage The Stability of the Environment The Strategies Pursued The Emphasis Observed in Any Particular Market Tendency Toward Hypercompetition Slide 3-5 Exh. 3.7 Irwin/McGraw-Hill © The McGraw-Hill Companies, Inc., 1998


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