SBA Reviewer
SBA Reviewer
SBA Reviewer
OUTSOURCING - Diversification
- Hiring another company to handle international Strategy formulation approach (trying to achieve a
product sales competitive advantage in a single, specific market segment)
- To lower or reduce the costs of business PRODUCT POSITIONING STRATEGY (focuses on associating
operations your brand with competitive pricing)
- Pricing-based positioning
NOT component of SWOT Analysis
- Tactics
NOT a barrier to entry for new entrants into an industry
- High exit barriers
Factor that influences the likelihood of substitutes in an
industry
- Relative price performance and quality of
substitutes
SETTING OBJECTIVES
- A team within an organization defines specific,
measurable targets for sales, production, and
profitability for the next year.
ENVIRONMENTAL SCANNING
- A manager regularly monitors industry trends,
competitor activities, and technological
advancements to stay ahead of potential challenges
and opportunities
CONTINGENCY PLANNING
- During a crisis, a company activates a pre-
developed plan that outlines specific actions to be
taken, communication strategies, and resource
allocation.
SETTING OBJECTIVES
- ABC company establishes its long-term vision and
mission statements to guide its future decisions and
actions.
CONTROL AND FEEDBACK
- Metehan corporation is an organization that
periodically evaluates its plans and performance to
identify areas for improvement and make
necessary adjustments.
DIVERSIFICATION
- ARCE Dairy Corporation is an organization that
manufactures milks and ice cream. They have
decided to acquire XYZ enterprises a smaller
company in a completely different industry.
TACTICAL PLANNING
- A department head develops plans for hiring new
staff, organizing training sessions, and allocating
resources to achieve departmental goals.
MARKET PENETRATION
- A company’s strategic decision to increase
advertising and promotion to capture a larger share
of its existing market.
DIRECTIONAL POLICY MATRIX is used for:
- Evaluating strategic options for growth