Corporate
Frameworks
Strategy –
& Key
Competitive
Concepts,
Corporate
Advantage
Frameworks
Strategy
Study
–
& Guide
Key
Competitive
Concepts,
Advantage
Frameworks
Study
& Guide.pdf
Competitive Advantage Study Guide.pdf
● Corporate Strategy – Key
Concepts, Frameworks &
Competitive Advantage Study
Guide
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Corporate Strategy – Key Concepts,
Corporate
Frameworks
Strategy –
& Key
Competitive
Concepts,
Corporate
Advantage
Frameworks
Strategy
Study
–
& Guide.pdf
Key
Competitive
Concepts,
Advantage
Frameworks
Study
& Guide.pdf
Competitive Advantage Study Guide.pdf
, 3. Corporate Strategy 3. Corporate Strategy.pdf 3. Corporate Strategy.pdf
Terms in this set (37)
Vertical Integration A strategy where a firm controls multiple stages of the supply chain
- Ex. From raw materials → production → distribution
Make vs Buy Decision Make (in-house) = vertical integration or Buy (outsource) = external
suppliers.
- Decision based on transaction costs: If internal costs < external →
integrate
Transaction Costs the costs in time and other resources that parties incur in the process of
agreeing to and carrying out an exchange of goods or services
Internal costs Hiring and training employees
Coordination between departments
Supervision + management
3. Corporate Strategy.pdf 3. Corporate Strategy.pdf 3. Corporate Strategy.pdf