The Strategic Planning Process

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Business

 

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Mabel V

 

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June 30, 2010

 

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University

 

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B

 

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5 / 1290

 

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Industry Analysis As will he pointed out later in this chapter, Michael Porter suggests that the formulation of a strategy requires the evaluation of the attractiveness of an industry by analyzing the external environment. The focus should be on the kind of competition within an industry, the possibility of new firms entering the market, the availability of substitute products or services, and the bargaining positions of the suppliers as well as the buyers or customers, 3...
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Enterprise Profile The enterprise profile is usually the starting point for determining where the company is and where it should go. Thus, top managers determine the enterprise’s mission and clarify its geographic orientation, such as whether it should operate in selected regions, throughout the home country, or even in different countries...
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