Strategy Formulation, Situation Analysis And Business Analysis

1616 words - 7 pages

Strategy Formulation: Situation Analysis and Business Strategy

Institut für Strategisches Management

Institut für Strategisches Management

Situational Analysis
Strategy Formulation - developing a corporation’s mission, objectives, strategies and policies Situation Analysis - the process of finding a strategic fit between external opportunities and internal strengths while working around external and internal weaknesses

Wheelen / Hunger, 2010, p 224

SWOT Analysis
SWOT- Strengths-WeaknessesOpportunities-Threats Strategy = opportunity / capacity Opportunity has no real value unless a company has the capacity to take advantage of that opportunity

Wheelen / Hunger, ...view middle of the document...

4, Table 4-5 (p 174)

IFAS: Internal Factor Analysis Summary
Ch. 5, Table 5-2 (p 212)

SFAS: Strategic Factor Analysis Summary
Ch. 6, Figure 6-1 (p 226)

Institut für Strategisches Management

SFAS – Matrix - Structure
1. SWOT - strategic factors – list of most important EFAS and IFAS factors 2. Weight: assign weights to all factors
(total 1.00)

3. Rating: 5.0 = outstanding; 1 = poor 4. Weighted Score: weight score x rating score 5. Duration: short, intermediate, long
(only in combined table)

Wheelen / Hunger, 2010, p 225

Institut für Strategisches Management

SFAS – Matrix
External and internal strategic factors are listed in one table Combination of EFAS and IFAS tables into the SFAS matrix deals with some of the criticisms of SWOT analysis
Reduction of list of factors to a manageable number Weight is put to each factor Allows one factor to be listed as both a strength and a weakness, as an opportunity and threat

Institut für Strategisches Management

SFAS – Matrix (1)

FIGURE 6-1 Strategic Factor Analysis Summary (SFAS) Matrix
Wheelen / Hunger, 2010, p 226

Institut für Strategisches Management

SFAS – Matrix (2)

FIGURE 6-1 (continued) Strategic Factor Analysis Summary (SFAS) Matrix
Wheelen / Hunger, 2010, p 226

Institut für Strategisches Management

SFAS – Matrix (3)

FIGURE 6-1 (continued) Strategic Factor Analysis Summary (SFAS) Matrix
Wheelen / Hunger, 2010, p 227 SOURCE: Thomas L. Wheelen, Copyright © 1982, 1985, 1987, 1988, 1989, 1990, 1991, 1992, and every year after that. Kathryn E. Wheelen solely owns all of (Dr.) Thomas L. Wheelen’s copyright materials. Kathryn E. Wheelen requires written reprint permission for each book that this material is to be printed in Thomas L. Wheelen and J. David Hunger, Copyright © 1991 – first year “Stategic Factor Analysis Summary” (SFAS) Institut für Strategisches Management appeared in this text (4th ed). Reprinted by permission of the copyright holders.

SFAS – Matrix combined

Wheelen / Hunger, 2010, p 226f.

Institut für Strategisches Management

Finding a Propitious Niche
Propitious niche: an organization can use its core competencies to take advantage of a particular market opportunity and the niche is just large enough for one firm to satisfy its demand Strategic sweet spot: a company is able to satisfy customers’ needs in a way that rivals cannot Strategic window: a unique market opportunity that is available for a particular time

Wheelen / Hunger, 2010, p 225

Institut für Strategisches Management

FIGURE 6-2 The Strategic Sweet Spot
SOURCE: D. J. Collis and M. G. Rukstad, “Can You Say What Your Strategy Is?” Reprinted by permission of Harvard Business Review. ‘The Strategic Sweet Spot’ from “Can You Say What Strategy is?” by D. J. Collis & M. G. Rukstad April 2008. Copyright © 2008 by the Harvard Business School Publishing Corporation. All rights reserved.

Wheelen / Hunger, 2010, p 228

Institut für...

Other Essays Like Strategy Formulation, Situation Analysis and Business Analysis

Kudler's Fine Foods Situation Analysis

808 words - 4 pages equity. My values of character is totally align with Kudler Fine Foods because once customers are satisfied with the service they are getting, they will come back. The employees of Kudler’s Fine Food have to act ethically. Situation Analysis Ethics is not just breaking the law, it has to do with a person doing what is right. All business ethics does is it set standards for a company and have a value system for companies to follow. If

Analysis of a Critical Situation

967 words - 4 pages Analysis of a Critical Regulatory Issue in Health Care Alfreda Bostick HCS/430 December 5, 2011 Lori Lewellen Analysis of a Critical Regulatory Issue in Health Care There are many types of critical regulatory issues that trouble the medical field. Never has anything been more important that the critical regulatory issue been more important than dealing with life or death. When a situation of this nature arises, a person must follow his

business lae and its analysis

635 words - 3 pages was because there was not agreement between the defendant and the 153 employees. The defendant refused that Decision Letter because that would cause the defendant should give the job to the employees back and should pay their wage.  Reason From Defendant  That situation wasn’t possible anymore because of financial reason; the defendant wasn’t able anymore to financing their wage. Because of that reason, the defendant requested to â

Case Analysis and Business Law

746 words - 3 pages Tilear Reid Session 3 – Case Analysis Business Law Seigel v. Merrill, Lynch, Pierce, Fenner & Smith, Inc. 400 UCC Rep. 2nd 810 (Ct. App. D. C. 2000) Seigel traveled to Atlantic City, New Jersey to gamble. While there, he wrote several checks to various casinos, and, in exchange, received gambling chips with which to wager. The checks were drawn on Seigel’s cash management account with defendant/appellee, which was established

Business Analysis

3545 words - 15 pages Business Analysis of Tim's Coffee Shop JOHN WATSON May 24, 2009 Table of Contents Table of Contents........................................2 Executive Summary........................................3 Regulations Subsection Summary Action Items.............................................4 Management Subsection Summary Action Items.............................................8 Finance and Accounting

Business Culture and Strategy

2417 words - 10 pages product concept to customer demands into customer satisfaction and business co-operation depends largely on the extent of providing the product or service meets the requirements of his. Therefore, the analysis of the market focused on customer needs, not the product itself. China Telecom has made its customer care philosophy as “Customer First, Service Foremost”, but whether the strategy has been implemented well is what China Telecom should

Competitive Analysis and Business Cycles - Competition

2052 words - 9 pages Touro University International Course: Competitive Analysis and Business Cycles (BUS 305) Assignment Title: Competition Assignment: Module Three Case Management File Touro Professor: Dr. Stuart Rosenberg U.S. Dept. of Justice’s Role in Antitrust Enforcement: Is it Enough? Protecting economic freedom and opportunity by promotion competition in the marketplace is the goal of antitrust laws and the U.S. Dept. of Justice’s

Business Ethics and Corporate Strategy

2312 words - 10 pages Business Ethics and Corporate Strategy Ethical Issue Paper Travis G. Stoufer Business Ethics-BUS 323 Janet Evelyn-Dorsey January 29, 2010 Abstract A paper presented on the growing issues of business ethics and the decisions consumers and producers make when moral and ethical responsibilities are in question. Paper presents tools for consideration for tomorrow’s leaders and gives a general overview of strategies corporations

Business Research Analysis

3988 words - 16 pages Marketing Research for New Product of Red Bull 6 March 2015 Business Research/Analysis - BMDS 6340 Final Group Paper Spring I, 2015 Table of Contents Introduction 3 Company Background 4 History of Red Bull 4 SWOT analysis of Red Bull 5 Current business market environment and competitor’s analysis 6 Management dilemma against new product 7 Product offering and market strategy 9 Product Offering 9 Market Strategy 9 Research design

Chiropratic Business Analysis

663 words - 3 pages strategy in conducting business while trying to establish himself. By evaluating the area around Freemont and the current business of the Chiropractic Clinic Kyle will be able to take its strengths and improve on its weaknesses to become a successful chiropractor. Situation Analysis          Market Summary                   Market Demographics Freemont, Nebraska, has a population of nearly 44,000 residents. The median age is between 33

Retail Business Analysis

1358 words - 6 pages Retail Business Analysis Abstract This paper will explore and assess how a specific organization that I visited implemented the generic marketing strategy and the segmentation strategies. In addition the paper will synthesizes a concept of how those assessed strategies could be improved and impact the successful marketing of the product. Generic marketing strategy and segmentation strategies are used by organization to determine what is

Related Papers

Business Strategy Analysis

1178 words - 5 pages Business Strategy Analysis Brief Introduction There are 2 options that are currently available to you, the Board of Directors, the first is to purchase more vehicles in addition to the current fleet and the other is to expand to a new location from which to run the company. New Vehicles Advantages The advantages of purchasing 15 low-floor easy-access buses are that it leads to a growth in the size of

Situation Analysis

1859 words - 8 pages . 2 PROTON SITUATION ANALYSIS An evaluation of the internal and external environment in building strategy for proton 2.1 Internal analysis It is an analysis of those things that can be adjusted by company in order to meet the external requirement. COMPONENTS STRENGTHS WEAKNESSES MANAGEMENT Experienced management team and commitment as indigenes of Malaysia. Innovative and risk taking. Loss of confidence by the public as a result of poor

Situation Analysis And Problem Statement: Interclean, Inc

1279 words - 6 pages Running head: SITUATION ANALYSIS AND PROBLEM STATEMENT: INTERCLEAN, INC. Situation Analysis and Problem Statement: InterClean, Inc. University of Phoenix Situation Analysis and Problem Statement InterClean, Inc. is facing many things in the cleaning and sanitation industry. They are currently a leader in their industry with an impeccable reputation, but to move forward and continue to grow the company must expand, provide full-service

Situation And Gap Analysis Of Kuiper Leda

2265 words - 10 pages implement new strategies for the supply chain, sales, inventory management and new geographical allocation focal points. In this paper I will address KLI problems, ethical dilemmas, visions and discuss goals and resolutions that will encourage KLI to become more productive. Situation Analysis Issue and Opportunity Identification KLI is met with the challenge of lacking appropriate inventory management skills and an efficient supply chain to deal