MGMT 445 Week 3 Notes
MGMT 445 Week 3 Notes MGMT 445
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This 2 page Class Notes was uploaded by Patricia Soto on Sunday January 31, 2016. The Class Notes belongs to MGMT 445 at University of Illinois at Chicago taught by Eric J. Michel in Winter 2016. Since its upload, it has received 23 views. For similar materials see Organizational Theory in Business, management at University of Illinois at Chicago.
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Date Created: 01/31/16
MGMT 445 Week 3 Corporate Level Strategy BCG Matrix Portfolio Strategy Stars- Rapid growth and expansion. (high market share and high growth rate) ex. Apple Iphone Question marks- New ventures, Risk- a few become stars, others divested. (low market share, high growth rate) ex. Apple watch Cash cows – milk to finance question marks and stars (high market share, low growth rate) ex. computers Dogs – No investment. Keep if some profit. Consider divestment. (low market share, low growth rate) ex. Ipod Porters Five Forces ex. airlines Threat of new entrants – how likely is it for new competition to arise? Bargaining power of buyers – customers? Threat of substitute products or services – not a lot. Train or bus? Takes a long time Bargaining power of suppliers – Airbus or boeing? There aren’t really more than 2 options Industry competitors – rivalry among existing firms Low-Cost Leadership – aggressively seeks efficient facilities, pursues cost reductions, and uses tight cost controls in an attempt to be more efficient than competitors. Differentiation- involves an attempt to distinguish a firm’s products or services Focus- concentrates on a specific regional market or buyer. Miles and Snow Typology- Managers should seek to formulate strategy that matches the demands of the external environment • Prospector (3m) – creativity, innovation, internal risk taking for product development, flexible to external environment • Defender (BIC corp.) – efficiency, cost control, centralized authority • Analyzer (IBM) – balance between efficiency and innovation, cost control with flexibility and adaptability (they are able to do this with Big Data) • Reactor (International Harvester) – No clear organizational approach, design characteristics may shift abruptly depending on current needs Six Foods Exercise • Determine Six Food’s Grand Strategy MGMT 445 • Perform a SWOT analysis • Determine competitive strategy • Propose the optimal organizational design for Six Foods (hint: structural dimensions from Ch. 1) • Where do you anticipate Dix Foods would be situated on the Integrated Effectiveness Model?
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