It helps to pull the most important information into a format that can be used in strategic management to determine the strategic issue. The firm needs to address and resolve by the consolidating a summary of the other analysis into one framework

is also helpful in the next phase of strategic management , setting strategies

What is the next phase of strategic management?

It examines the situation faced by the competitors analysis narrows the focus by centering on subset or strategies that are similar

Takes an even narrow individual firm

Is a tool and weaknesses along with the opportunities in the environment

Is developed by synthesis, the information developed from the external competitive and internal assessment

Once defined, these companies would develop strategies that move their organization towards its vision while addressing the strategic issues

Is the primary matter faced by an organization that must be addressed for the organization to survive, excel or achieve major strategic initiative

Defines what organization needs to address and resolve to move the organization forward towards success by analyzing the data and information from the internal and external assessment as presented in the SWOT

Once defined strategies can be developed that address and resolved the issues and propel the organization toward accomplish, accomplishing its vision

Will change overtime as the external competitive and internal dynamics change

The members may interpret data differently or through the lens of their own Perspective

May see the strategic issues in financial terms

Marketing issue

Director as an issue with the manpower and training

One process organization can use to determine the strategic issue is?___ And ___ Of the strategic issue

New team then has a process to prioritize them, dropping them, combining them until they arrive at a consensus on the wording of

In the analysis stage of the strategic management process, the final phase is to_____ to consolidate a snapshot of the internal and external analysis

This model examines any resources and – or capabilities of the firm that may provide a competitive advantage

Is used to evaluate each resource or capability to determine what type if any, of competitive advantage it brings

If a resource or capability cannot be imitated by a competitor, then that resource may create a

Organizations that own strategic resources have important competitive advantage of organizations that do not

According to this resource is strategic to the extent that it is valuable, rare, difficult to imitate, and organize to capture value

Are the basic building blocks that organization used to create strategies

Can be divided into main types, tangible, and intangible

Referred to what an organization owns

refers to what the organization can do

Refers to the firms ability to bundle, manage, or otherwise exploit resources in the manner that provides added value and, hopefully advantage over competitors

Our resources that can be seen, touched, and quantified

such as a firm property plant and equipment, as well as cash are considered to be tangible resources

Are quite difficult to see, to touch, or to quantify

The knowledge and skills of an employee, a firms reputation, brand name, exclusive rights to intellectual property, leadership traits of executives, and a firm sculpture

Is an asset that is valuable, rare, difficult to imitate, and organized to capture value

Is valuable to the extent that it helps you from create strategies that capitalized on opportunities and word off threats

Refers to the creation of the mind such as inventions, artistic products and symbols

What are the four main types of intellectual property?

Provide exclusive rights to decorators of original, artistic work, such as books, movies, songs, and screenplay

Sometimes copyrights are___ and___

Illegal downloads of music is called

Protect inventions from direct imitations for a limited period of time Within the farm, cuticle industry patent protect the new drugs, created by firms such as Merck and Pfizer up to 20 years

If a new drug gains acceptance in the market, what creates a window of opportunities for the ____ holder to enjoy excellent profits

Our Phrases, pictures names, or symbols, used to identify a particular organization

Is important because it helps an organization stand out to build an identity in the marketplace

Referred to formulas, practices, and designs that are central to affirm business and that we remain unknown to competitors

Or protected by law on theft, but once a secret is revealed, it cannot be a secret any longer these leads firmly, mainly on silence and privacy rather than this, the legal system to protect

Is an essential part of creating a room map for a long-term success it helps you define new product ideas, validate them in the market, and execute the process of bringing them to life

Without the right strategy, you take more risk of building products that don’t work or will meet your customers needs

A detailed road map with the series of strips that helps your organization which its future goals

Creating new products to solve future problems, optimizing business process to be more efficient, we’re thinking of entirely new ways to disrupt your industry.

What are the stages of innovation strategy?

This is the foundation of an innovation system the process that helps Companies develop idea, ideas to compete in the market and explore new opportunities without taking too much risk

The vital part of the process in idea generation and ideation is

Assessing new ideas to see if they are feasible

You look at costs, time to market, potential profit, and other business metrics to see if it’s worth pursuing the idea.

Where you think your new idea and turn it into a concrete plan to make it a reality

This stage is more than building a product. It’s also about creating a successful business strategy and finding help to create your idea.

A key part of doing this is metrics

Reassessing your strategy and make changes if your metrics show you aren’t meeting your goal

Types of innovation strategy

A process of building new products or upgrading existing ones to meet. Customer needs in a new way.

Helps companies offer better products and stay competitive in evolving markets

Changing how you do things inside an organization

Aim to apply new initiatives and technology to optimize sufficiency and your ability to compete in the market

About making big changes to how a business runs

Goal is to create more new business models to capture value in the market

This is about shaking things up

Making game changing innovations initiatives that describes existing business models

often comes from startups

You’re writing some of the rules to take on the established industry to provide a better service and give people more options