1. Two separate stages describe strategic planning: formation and implementation. The Seven S model showing that strategy ought to be interwoven within the fabric of an organization. The Seven S’s are: structure, systems, skills, style, staff, superordinate goals/shared values and strategy. See Figure 1.
2. A model for industry analysis – Porter’s Five Forces is an influential analytical model for assessing the nature of competition in an industry.
3. A generic strategy is one that can be used across many industries. Porter has aptly captured the three major strategies in a matrix of functional and business strategic possibilities: cost leadership, differentiation and focus:
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