External Analysis Tools
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PESTEL and Industry Analysis
An element of VRIO. A resource is this if the resource is difficult to imitate or to
create ready substitutes for.
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Inimitable
,An element of SCAMPER. Can other layouts, sequences, or patterns create value
for organizations?
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Rearrange
The facets of the strategy diamond.
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Arenas, Differentiators, Vehicles, Staging, and Economic Logic
Both an internal and external analysis tool. An assessment of strengths,
weaknesses, opportunities, and threats. Strength and weaknesses relate to the
internal environment. Opportunities and Threats focus on the external
environment.
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SWOT Analysis (Strengths, Weaknesses, Opportunities, and Threats)
Michael Porter's strategies are called this because they can be applied to any
size or form of business and because Porter argues that a firm must choose to
embrace one strategy of risk not having a strategy at all.
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, Generic Trade-Off Strategies
He developed generic business-level strategies that can be used independently
or in combination to create a defendable position and to outperform
competitors. The strategies involve (1) overall cost leadership, (2)
differentiation, and (3) focus on a particular market niche (leading to either
focused cost leadership or focused differentiation).
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Michael Porter
Outcome statements that define what an organization is trying to accomplish
both programmatically and organizationally.
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Goals
A facet of the strategy diamond. Where will we be active and with how much
emphasis?
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Arenas
, What BHAG stands for. An idea from Jim Collins.
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Big, Hairy, Audacious Goal
An external analysis tool. Provides information about the organization's
competitive environment and the key industry-level factors that seem to
influence performance.
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Industry Analysis
An element of SCAMPER. How can products, services, or other elements be
combined to create new arrangements?
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Combine
The interaction of two or more activities, creating a combined effect greater
than the sum of their individual efforts.
Give this one a try later!
Give this one a try later!
PESTEL and Industry Analysis
An element of VRIO. A resource is this if the resource is difficult to imitate or to
create ready substitutes for.
Give this one a try later!
Inimitable
,An element of SCAMPER. Can other layouts, sequences, or patterns create value
for organizations?
Give this one a try later!
Rearrange
The facets of the strategy diamond.
Give this one a try later!
Arenas, Differentiators, Vehicles, Staging, and Economic Logic
Both an internal and external analysis tool. An assessment of strengths,
weaknesses, opportunities, and threats. Strength and weaknesses relate to the
internal environment. Opportunities and Threats focus on the external
environment.
Give this one a try later!
SWOT Analysis (Strengths, Weaknesses, Opportunities, and Threats)
Michael Porter's strategies are called this because they can be applied to any
size or form of business and because Porter argues that a firm must choose to
embrace one strategy of risk not having a strategy at all.
Give this one a try later!
, Generic Trade-Off Strategies
He developed generic business-level strategies that can be used independently
or in combination to create a defendable position and to outperform
competitors. The strategies involve (1) overall cost leadership, (2)
differentiation, and (3) focus on a particular market niche (leading to either
focused cost leadership or focused differentiation).
Give this one a try later!
Michael Porter
Outcome statements that define what an organization is trying to accomplish
both programmatically and organizationally.
Give this one a try later!
Goals
A facet of the strategy diamond. Where will we be active and with how much
emphasis?
Give this one a try later!
Arenas
, What BHAG stands for. An idea from Jim Collins.
Give this one a try later!
Big, Hairy, Audacious Goal
An external analysis tool. Provides information about the organization's
competitive environment and the key industry-level factors that seem to
influence performance.
Give this one a try later!
Industry Analysis
An element of SCAMPER. How can products, services, or other elements be
combined to create new arrangements?
Give this one a try later!
Combine
The interaction of two or more activities, creating a combined effect greater
than the sum of their individual efforts.
Give this one a try later!
