This week’s topics
Industry Structure and Competitive Dynamics
- Porter's five forces evolution
- Strategic group mapping
- Identifying critical success factors (CSFs)
- Competitive benchmarking metrics
- The Five Competitive Forces That Shape Strategy
- Leading Strategy Paper series: Porter, M. E. (2008) The Five Competitive Forces that Shape Strategy
- CIMA E3 SWOT, objectives, critical success factors and benchmarking
What you will be able to do
- 1.1 Critically evaluate the external business environment of an organisation.
- 1.2 Identify key drivers and industry critical success factors.
Activity
Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: critically evaluate the external business environment of an organisation.
Study materials
Videos
- The Five Competitive Forces That Shape Strategy · YouTube · Harvard Business Review · 13 min · for registered students
- Leading Strategy Paper series: Porter, M. E. (2008) The Five Competitive Forces that Shape Strategy · YouTube · Glenn Parry · 16 min · for registered students
- CIMA E3 SWOT, objectives, critical success factors and benchmarking · YouTube · OpenTuition · 34 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.