tailieunhanh - Lecture Strategic management: Competitiveness and globalization, concepts and cases (4/e): Chapter 2 - Michael A. Hitt, R. Duane Ireland, Robert E. Hoskisson

Chapter 2 - The external environment: Opportunities, threats, industry competition, and competitor analysis. Studying this chapter should provide you with the strategic management knowledge needed to: Explain the importance of analyzing and understanding the firm’s external environment, define and describe the general environment and the industry environment, discuss the four activities of the external environmental analysis process,. | Chapter 2 The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis Michael A. Hitt R. Duane Ireland Robert E. Hoskisson ©2000 South-Western College Publishing 1 The Strategic Management Process Chapter 3 Internal Environment Chapter 2 External Environment Strategic Intent Strategic Mission Strategy Formulation Strategy Implementation Chapter 4 Business-Level Strategy Chapter 5 Competitive Dynamics Chapter 6 Corporate-Level Strategy Chapter 8 International Strategy Chapter 9 Cooperative Strategies Chapter 7 Acquisitions & Restructuring Chapter 10 Corporate Governance Chapter 11 Structure & Control Chapter 12 Strategic Leadership Chapter 13 Entrepreneurship & Innovation Strategic Inputs Feedback Strategic Outcomes Strategic Actions Strategic Competitiveness Above Average Returns 10 Political/Legal Economic Technological Global Demographic Sociocultural Competitive Environment Industry Environment Components of the General Environment 10 Components | Chapter 2 The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis Michael A. Hitt R. Duane Ireland Robert E. Hoskisson ©2000 South-Western College Publishing 1 The Strategic Management Process Chapter 3 Internal Environment Chapter 2 External Environment Strategic Intent Strategic Mission Strategy Formulation Strategy Implementation Chapter 4 Business-Level Strategy Chapter 5 Competitive Dynamics Chapter 6 Corporate-Level Strategy Chapter 8 International Strategy Chapter 9 Cooperative Strategies Chapter 7 Acquisitions & Restructuring Chapter 10 Corporate Governance Chapter 11 Structure & Control Chapter 12 Strategic Leadership Chapter 13 Entrepreneurship & Innovation Strategic Inputs Feedback Strategic Outcomes Strategic Actions Strategic Competitiveness Above Average Returns 10 Political/Legal Economic Technological Global Demographic Sociocultural Competitive Environment Industry Environment Components of the General Environment 10 Components of the General Environment 10 External Environmental Analysis The external environmental analysis process should be conducted on a continuous basis. This process includes four activities: Scanning Monitoring Forecasting Assessing Identifying early signals of environmental changes and trends Detecting meaning through ongoing observations of environmental changes and trends Developing projections of anticipated outcomes based on monitored changes and trends Determining the timing and importance of environmental changes and trends for firms' strategies and their management 10 Top 10 . States Moving Toward Digital Economy States in the top 10 of those that are trying to transform themselves to the realities and needs of a digital economy may experience an influx of high-tech companies and skilled workers as well as increases in tax revenues External Environmental Analysis Threat of New Entrants Threat of New Entrants Porter’s Five Forces Model of Competition 11 Threat of New Entrants