Demonstrate the ability to self-appraise

Reference no: EM132916660

Strategy-Formulation Analytical Framework

1: Demonstrate the ability to self-appraise and reflect on different strategy approaches.
2: Assess the appropriate theories, frameworks, concepts, and terminologies of strategic management.
3: Demonstrate ability to apply different strategic options to respond to changes in the business environment

Cost Leadership Analysis

1. Identify the appropriate value chain and assign costs to each activity

2. Diagnose cost drivers of each value activity and how these interact

3. Identify competitors value chain and determine the relative cost of competitors and their sources of cost drivers

4. Develop a strategy to lower relative cost position through controlling cost drivers or reconfiguring the value chain

5.Ensure that cost reduction efforts do not erode differentiation

6. Test the cost reduction strategy for sustainability

Reference no: EM132916660

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