BUS 596 - Comtetitive Strategy : Chapter 3

Competitor Analysis Framework

There are four key aspects of a competitor in the Porter’s framework for analysis competitors:

1. Competitor's objectives

2. Competitor's assumptions

3. Competitor's strategy

4. Competitor's capabilities

The competitor drives the objectives and assumptions.
And, the competitor is capable of doing strategy and capabilities.
These components can be described as shown in the following diagram:

  

Competitor Analysis Components

A competitor analysis should include the more important existing competitors as well as potential competitors.

What drives the competitor   What the competitor is doing or is capable of doing Objectives Strategy Competitor Response Profile Assumptions Resources & Capabilities

BUS 596 - Comtetitive Strategy : Chapter 1

Chapter 1: The structural analysis of Industries

 

To determine the strength of the competitive forces and hence industry profitability is the key Structural features of industries.

To find a best position in the industry so the company can be the best defend itself against these competitive forces s the goal of competitive strategy for a business in an industry.

How to developing strategy? Porter defined the key is to delve below the surface and analyze these sources of each.

BUS 596 - Comtetitive Strategy : Introduction

Professor Michael Porter works at the Institute of Strategy and Competitiveness at Harvard Business School. He has been recognized an authority on competition and competitive strategy.  He published his book Competitive Strategy in 1980 and soon he became famous on many business studies and MBA programmers around the world.

In his book, there are three parts to describe “Strategy and Competitiveness”: 1. General Analytical Techniques, 2, Generic Industry Environments and 3.Strategic Decisions.

In Part I, Porter showed a comprehensive framework for analyzing the structure of an industry and its competition. In Part II, the book presented how the analysis from Part 1. The analysis can be used to develop a competitive strategy. The part III, There is some of the major strategic decisions organizations need to challenge: increase capacity, enter new markets or vertically integrate.  

BUS 600 - Strategy

 

Strategy is the way you at business and give the direction to the business. Strategy does analysis a business in relationship to its industry, its competitors, and the environment. All companies need strategy to reach their goals.

Strategy as part of a business: the seven S models

Structure=>	A corporation’s structure affects its strategic planning and it ability to change
Systems=>	The actions that accompany plans in response to or in anticipation of changes in its external environment, its customers, and it competitors.
Skills=>	Closely related to staff are the distinctive abilities and talents that a company possesses.
Style=>	The basic organizational model or cultural.
Staff=>	The human resource systems (appraisal, training, wages, and intangibles).
Super ordinate Goals/Shared Values=>	The guide concepts –values and aspirations of corporate objectives.
Mission Statement=>	A mission statement is a short and concise statement of goals and priorities.

Levels of Strategy --->

1. Functional Strategy: The value activities engaged in.

2. Business Strategy: How to fight the competitor, tactics.

3. Corporate Strategy: What businesses should I be in ?

BUS516- BUSNESS OUTLINE

Assignment NOV24

BUS600 – Business Plan Outline – CALMAT Montessori School

1.       Executive Summary

-          The market

-          The customers

      -Full Time couple with children 

      -Part time /Drop in

-          Management Team

      - 4 classroom teachers (included one director, one administrator)

1-1.  Mission

      -Building a safe, secure, and happy environment for children to learn through academy Montessori way.

1-2.  Keys to Success 
      -Quality Childcare
     - Learn academy 
     - Extra Currculums
     -Flexible hours

2.       Company  & Service Summary

2-1. Ownership

2-2. Start-up Summary

2-3. Company Locations and Facilities

3.        Competitive Comparison

3-1. Capacity of Production

3-2. Future Products and Service

4.        Marketing Analysis

4-1. Market Segmentation

4-1.1. Full Time Working Couple

4.1.2. Part-time Workers/Drop-ins

4-2. Target Customers

4-3. market needs

4-4. Potential Competitors Analysis

4-5. Service Business Analysis

5.       Sales Strategy & Implementation

5-1. Sale Strategy

     5-1.1. Sale Forecast

5-2. Promotion

5-3. Price Strategy

5-4. Sales Channel Distribution

5-5. Website Sales Development

6.       Management

6-1. Management Team

6-2. Organizational Structure

6-3. Manpower Strategy and HR Plan

7.       Financial Plan

7-1. Break-even Analysis

7-2. Profit and Loss

7-3. Income Statement

7-4. Balance Sheet

7-5. Cash Flow Statement

7-6. Long-term Financial Plan   

7-7. Business Ratio

Busness Plan Outline - Calmat Montessori School

BUS600 – Business Plan Outline – CALMAT Montessori School 
1. Executive Summary

-          The market

-          The customers

-          Management Team 

1-1.  Mission

1-2.  Keys to Success

           
2. Company and Service Summary
            2-1. Ownership

            2-2. Start-up Summary

            2-3. Company Locations and Facilities 
3. Competitive Comparison

            3-1. Capacity of Production

            3-2. Future Products and Service 
4. Marketing Analysis

            4-1. Market Segmentation

4-1.1. Full Time Working Couple

          4.1.2. Part-time Workers/Drop-ins

            4-2. Target Customers

            4-3. market needs

            4-4. Potential Competitors Analysis

            4-5. Service Business Analysis 
5. Sales Strategy & Implementation

            5-1. Sale Strategy

                    5-1.1. Sale Forecast

            5-2. Promotion

            5-3. Price Strategy

            5-4. Sales Channel Distribution

            5-5. Website Sales Development
 6. Management

            6-1. Management Team

            6-2. Organizational Structure

            6-3. Manpower Strategy and HR Plan 
7. Financial Plan

            7-1. Break-even Analysis

            7-2. Profit and Loss

            7-3. Income Statement

            7-4. Balance Sheet

            7-5. Cash Flow Statement

            7-6. Long-term Financial Plan   

            7-7. Business Ratio

BUS600 Economics

BUS 600 Economics

Economics is the "study of how societies use scarce resources to produce valuable commodities and distribute them among different people." -- Paul A. Samuelson, Economics (New York: McGraw-Hill, 1948)

There are seven different types of market structure: pure competition, pure monopoly, monopsony, monopolistic competition, oligopoly, oligopsony, price discrimination.

*Pure competitor: The market consist of buyers and sellers trading in a uniform commodity such as wheat, copper, or financial securities. No single buyer or seller has much effect on the going market price.

*Pure monopoly: An industry in economics that produce a product that there are no close substitutes and where significant barriers to entry prevent other firm fro entering the industry to compete for profit.

*Monopsony: There is only one buyer in the market.

*Monopolistic competition: The market consists of many buyers and sellers who trade over a range of prices rather than a single market price.

*Oligopoly: The market consists of few sellers who are highly sensitive to each other’s pricing and marketing strategies in economics. Each seller is alert to competitor’s strategies and move.

*Oligopsony: It is a market where there is a small number of buyers for a product or a service.
*Price discrimination: If one product or service has different price for different buyers which is provided by the same provider, then we call that price discrimination market strategy. An example for the car insurance which offers different price for different category of drivers.