This week’s topics
Micro-Environmental Analysis Techniques
- Porter’s Five Forces model
- Strategic group mapping
- Competitor profiling techniques
- Value chain and VRIO analytical models
- The Five Competitive Forces That Shape Strategy
- Value Chain Analysis EXPLAINED | B2U | Business To You
- Competitor analysis - CIMA E3
What you will be able to do
- 3.1 Explain different techniques used to measure a business’s micro environment.
Activity
Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: explain different techniques used to measure a business’s micro environment.
Study materials
Videos
- The Five Competitive Forces That Shape Strategy · YouTube · Harvard Business Review · 13 min · for registered students
- Value Chain Analysis EXPLAINED | B2U | Business To You · YouTube · Business To You · 17 min · for registered students
- Competitor analysis - CIMA E3 · YouTube · OpenTuition · 15 min · for registered students
Further resources
- Mastering Strategic Management, ch. 3: Evaluating the External Environment · PDF · Saylor Academy, textbook chapter; pp. 71–100 · for registered students
- Principles of Management, ch. 8.4: Porter's five forces · PDF · OpenStax, textbook chapter; pp. 228–230 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.