Components of Strategy

К оглавлению
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 
17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 
34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 
51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 
68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 
85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 
102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 
119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 
136 137 138 139 140 141 142 143 144 145 146 

In this section we are going to introduce two basic concepts in strategy analysis and

formulation; Critical Success Factors and Critical Value Activities. These two concepts

are highly related in that Critical Success Factors are industry related and can affect the

firm’s competitive position. Critical Value Activities are those that exist within a firm’s

value chain that allow them to address the Critical Success Factors in a given industry.

These activities can be classified in one of three ways: Business Value-added, Customer

Value-added or No Value-added activities. It is the relationship that exists between these

activities that will lead a firm in attaining or sustaining its competitive advantage relative

to the industry’s Critical Success Factors.