Porters model: 5 + 1

DEFINITION of Porter’s ‘Six Forces Model’

A strategic business tool that helps businesses evaluate the competitiveness and attractiveness of a market. The six force model provides an industry-view and analyzes six key areas:

Competition – Information regarding present competition
New Entrants – Information regarding the ease with which new competition could enter the market
End Users/Buyers – Information regarding the buyers’ abilities to affect price
Suppliers – The number and type of sellers
Substitutes – The ease by which a product or service can be substituted
Complementary Products – The impact of related products and services already in the market
Click here to read the rest of the article …

2015-11-30T09:48:47+02:00July 25th, 2015|Environments|

SWOT and PESTLE

Reason to Use SWOT and PESTLE Analysis
by Neil Kokemuller, Demand Media 
SWOT and PESTLE analyses cover a full range of internal and external strategic business considerations.

SWOT and PESTLE analyses cover a full range of internal and external strategic business considerations.

A main reason companies use both SWOT and PESTLE is because these tools offer broad and effective analyses of key areas of a strategic plan. SWOT is an acronym that stands for strengths, weaknesses, opportunities and threats. PESTLE has wider coverage of business and external issues, including political, economic, social, technological, legal and environmental factors. Small businesses can better compete by using these critical tools to assess opportunities and challenges.

Click here to read the rest of the article …

 

2015-11-30T09:49:03+02:00July 25th, 2015|Environments|

Investment

We’re all looking for an investment strategy that works consistently. Perhaps a valuation technique, a technical strategy, or a way to predict which funds will outperform.

While investors go to great lengths to create such cleverly named strategies as “Japanese cloud” formations and “economic surprise” indicators, no methodology seems to work all the time.

However, there is one strategy …

 

Click here to read the rest of the story…

 

2015-11-30T09:49:16+02:00July 25th, 2015|Investment and insurance|

Strategic thinking

How to Live with Risks

Following a crisis, regulators and managers naturally take steps to prevent a recurrence. In 2002, after Enron and WorldCom succumbed to massive accounting fraud, U.S. legislators passed the Sarbanes-Oxley Act, which gave directors and executives new oversight responsibilities. In the wake of the 2008 financial crisis many large banks changed their business models, and other companies implemented systems to better manage credit risks or eliminate overreliance on mathematical models.

But there’s a problem with managing risk retrospectively: It’s a variation on…

 

Click here to read the rest of the story…

 

2015-11-30T09:54:05+02:00July 16th, 2015|General management and CSR|

Management and leadership

I’ve been the boss for more than 4 decades, starting with my own law firm.  Today I run a commercial real estate company with more than 75 employees in 4 states.  I’m still discovering new and effective tools for management every day. In fact, I believe that, no matter how good you are at your job, there is always room for improvement.

Below are 5 principles I’ve found invaluable to improve my leadership and to help me become a better boss

1   Empower your employees. No one likes to fail, and no one…

Click here to read the rest of the story…

 

 

2015-11-30T09:54:20+02:00July 16th, 2015|General management and CSR|

Staying ahead in a competitive environment

Staying ahead in a competitive environment
A McDonald’s Restaurants case study
Page 1: Introduction
For any business, becoming and staying the market leader is a huge task, even for household names such as McDonald’s. Keeping ahead involves continuous hard work to enhance the reputation of the brand, coupled with product innovation based on detailed market research that indicates how to please customers.

 

Click here to read the rest of the story… 

2017-06-23T14:05:09+02:00February 2nd, 2015|Marketing|
Go to Top