The final stretch of the course talked about Earl’s Multiple Methodology (1980) and how it can be applied in the real world in determining the Critical Success Factors (CSF). The goal of Earl's Methodology is to be able to align the business goals to the IT/IS needs or plans. This will be able to maximize … Continue reading Learning Log 6 – Earl’s Multiple Methodology and CSF
Learning Log 5: The Five Authors
In this activity, each of the students was tasked to look for 5 authors (can be fictional or non-fictional) and research on the lessons regarding strategic management. I have chosen the following authors and works: The Prince (Niccolo Machiavelli) Atlas Shrugged (Ayn Rand) The Wealth of Nations (Adam Smith) The Greatest Salesman in the World … Continue reading Learning Log 5: The Five Authors
Learning Log 4 – Industry Life Cycle
We continued our discussion on Industry Life cycle. There are 4 stages: Introduction Growth Maturity Decline We then classified the current stage of the companies we are comparing: Apple and Samsung. We classified Apple in the Maturity stage while Samsung in the Growth stage. We followed a framework defining the aspects of each stage such … Continue reading Learning Log 4 – Industry Life Cycle
Learning Log 3 – Porter’s Generic Strategies
We started the discussion by defining what competitive advantage is. Competitive advantage is defined as "an advantage over competitors gained by offering consumers greater value, either by means of lower prices or by providing greater benefits and service that justifies higher prices" There are two types of competitive advantage that we discussed: Low Cost - … Continue reading Learning Log 3 – Porter’s Generic Strategies
Learning Log 2 – PESTLE Analysis
The PESTLE analysis is used to analyze whether the industry you want to invest in is feasible and sustainable in a particular place. At was I thought doing the PESTLE analysis is very easy since you are just going to list down all impacts on the business based on: Political, Economical, Social, Technological, Legal and … Continue reading Learning Log 2 – PESTLE Analysis
Learning Log 1 – Perspectives
This is the first time that I am taking the Strategic Management course. This course is usually taken by business students (in MBA) or even IT students since a lot of their subjects are business-related. All I know about Strategic Management is that it is a high-level subject where the management plans the direction of … Continue reading Learning Log 1 – Perspectives