This document outlines eight common frameworks that can be used to formulate business and functional level strategies: Michael Porter's five generic strategies including cost leadership, differentiation, and focus strategies; SWOT analysis; SPACE matrix; BCG matrix; IE matrix; grand strategy matrix; and QSPM. It defines business and functional level strategies and provides details on Porter's five generic strategies including types of cost leadership and focus strategies and an example.
This document outlines eight common frameworks that can be used to formulate business and functional level strategies: Michael Porter's five generic strategies including cost leadership, differentiation, and focus strategies; SWOT analysis; SPACE matrix; BCG matrix; IE matrix; grand strategy matrix; and QSPM. It defines business and functional level strategies and provides details on Porter's five generic strategies including types of cost leadership and focus strategies and an example.
This document outlines eight common frameworks that can be used to formulate business and functional level strategies: Michael Porter's five generic strategies including cost leadership, differentiation, and focus strategies; SWOT analysis; SPACE matrix; BCG matrix; IE matrix; grand strategy matrix; and QSPM. It defines business and functional level strategies and provides details on Porter's five generic strategies including types of cost leadership and focus strategies and an example.
Outline on Strategy Formulation: Various Strategies II, Business/Functional Level
Strategies
I. Business and Functional Level Strategies
- Definition II. Michael Porter’s Five Generic Strategies - Definition - Diagram - Factors A. Cost Leadership strategies 1. Type 1 – Low Cost 2. Type 2 – Best Value B. Differentiation Strategies C. Focus Strategies 1. Low Cost 2. Best Value - Example III. Strengths-Weaknesses-Opportunities-Threats (SWOT) Matrix IV. Strategic Position and Action Evaluation (SPACE) Matrix V. Boston Consulting Group (BCG) Matrix VI. Internal-External (IE) Matrix VII. Grand Strategy Matrix VIII. Quantitative Strategic Planning Matrix (QSPM)