MANA 4385: Industry and Competitive Analysis
Chapter 1—Strategic Management and Strategic Competitiveness
I. Key Terms and Concepts
A. Strategic Management Process (Figure 1.1,
pg. 8)
1. External Environmental Analysis
2. Internal Environmental Analysis
3. Strategic Mission
4. Strategy Formulation
5. Strategy Implementation
6. Sustainable Competitive Advantage
B. Theories of Strategic Competitiveness
1. I/O Model of Above Average Returns
(Figure 1.2, pg. 20)
2. Resource-Based Model of Above Average Returns (Figure
1.3, pg. 22)
C. Stakeholders (Figure 1.4, pg.
26)
1. Capital Market
2. Product Market
3. Organizational
II. Company Research
A. Who are the company’s major
stakeholders?
B. What is the company’s current strategic intent/mission?
C. What is the company’s current market position?