Strategic Management BUAD 4890
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This 2 page Class Notes was uploaded by Anna Notetaker on Thursday September 8, 2016. The Class Notes belongs to BUAD 4890 at Middle Tennessee State University taught by Richard Mpoyi in Fall 2016. Since its upload, it has received 19 views. For similar materials see Strategic Management in BUAD at Middle Tennessee State University.
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Date Created: 09/08/16
Strategic Management Week 3 Resource Model: Process of converting resources into a competitive advantage. Resources -> Capabilities -> Competencies -> Core Competence Every Firm has these, but what makes them stand apart is the following: Competitive Advantage Better than Rivals Meets Market Needs Sustainable Competitive Advantage Valuable Rare Difficult to Imitate Non-substitutional Value Chain Analysis: Minimum cost of going from raw materials to delivered goods to customers. Benchmarking: comparing self to standard Industry Average Industry Leader Strategic Group SWOT Analysis: Strength, Weakness, Opportunity, Threat Strategic Concerns Shoot for 5 in this category Five most important things to address to a company Concerns Recommendations (3): Good, Better, Best Specific and actionable Financial Analysis 5 key ratios for the past five years GPM = Gross Profit Margin (Sales – CGS/Sales) OPM = Opportunity Profit Margin (GPM – Operating Expense/Sales) NPM = Net Profit Margin (OPM – All other Expenses/Sales) ROA = (Net Income/Total Assets) ROE = (Net Income/Total Equity)
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