Strategies Flashcards
Business Strategic Planning Process
- Strategic Analysis
- Strategic Formulation
- Strategic Implementation
- Strategic Result
Strategic Analysis
Business concept definition
Outside analysis
Inside analysis
Practice: Porters Competitive Advantage
Porters Competitive Advantage
- Threat of New Entrants
- Bargaining Power of Buyers
- Threat of Substitute Products
- Bargaining Power of Suppliers
Strategic Formulation
Goal Setting
Formulating strategy
Practice: Business model Canva
Business Model Canva
Efficiency & Collaboration
- Key Activities
- Key Resources
- Key Partners
- Cost Structure
Value & Competition
- Customer Segment
- Customer Relationships
- Channels
- Revenue Streams
- Value Propositions
Strategic Implementation
Action Plan
Implementation
How & when?
Strategic Result
Value Creation
Did it work?
Forms of Value Creation
- Distributive Collaboration
- Functional Collaboration
- Systematic Collaboration
Distributive Collaboration
Good Senders -> 4PL -> Receiver
Reduce costs
Functional Collaboration
Based on sequential activities at the operational level (Purchase to Pay).
In economy of scales LSP should coordinate all actors in a structure sequence.
Efficiency is based on KPIs.
Purchase to Pay activities
- Sales forecast
- Purchase forecast
- Purchase order
- Purchase order confirmation
- Purchase order information
- Inbound transport management
- Goods collection, delivery & receipt
- Good receipt to brand owner
- Supplier invoice
- Payment/Cash flow
- Stock balance report
- Stock balance report to BO
Systematic Collaboration
Pre-contract Process
1. Build trust
2. Specify the service portfolio
3. Combining analysis & evaluation
4. Final negotiation & presentation
ICT development process
1. Addressing the need of change
2. Organise & manage system development
3. Mutual adjustment
Perspective to analyse
- Resource-based-view (VRIO)
- Transaction cost (inhouse vs outbound)
- Network theory (relationships)
