The World's Best Book Summaries
What is the bargaining power of buyers in Michael Porter’s 5 forces? How can it help you develop a business strategy? The bargaining power of buyers is determined by the people who pay for your product. How strong of an influence they have determines how much you can charge for your products. The more power your buyers have, the less powerful your strategic position.
What is an activity system map? Introduced by Michael Porter, it’ll help you visualize and plan your business goals. An activity system map can help understand the flow of your business and the operations, from supply to buyer. Using an activity system map, you can hone your business strategy and find a strategy that gives you a competitive edge.
What is business continuity strategy, and does your business need it? There are two sides to business continuity strategy; maintaining consistency, and leaving room to adapt. It deals with how to maintain your business success over the long term.
Are you looking for an IKEA case study according to Michael Porter’s Five Forces? Porter’s IKEA case study shows one company’s success in fitting together business activities, business strategy, and operations. His analysis shows how the activities connect to create a uniquely competitive business.
Do you know how to do an industry analysis using Michael Porter’s five forces model? Here’s how you can do your own industry analysis in 5 simple steps. This will help you understand what industries are attractive or not for investment, and how well a company will fare in the industry.
Zara is one of the most successful clothing companies of all time. What exactly does it do to succeed? Learn more in Michael Porter’s case study of Zara. We’ll discuss how Zara’s unique choice of activities gives it such a large advantage in getting fast fashion to its stores in record time.
What are the best marketing strategies for startups? How can you pick the best strategy for your new company? There are many marketing strategies for startups. Marketing is an important part of your business, and choosing the best marketing strategies for entrepreneurs will help your business launch and stay strong.
What do modern technology and globalization have to do with each other? Why do they matter for startups? Technology and globalization have been on the forefront of many peoples’ minds for years. Some are worried about technology and globalization—for others, it’s an opportunity. See why.
What is destructive competition? How does it hurt businesses? Destructive competition is unhealthy for businesses and consumers. Often, common wisdom compares business to fighting or war, which doesn’t have to be the case. Find out why destructive competition is harmful, and what you can do about it in your startup.
What is startup thinking? What do you have to do to think like a startup, and build a great one? Startup thinking will help you build a successful business. In order to use startup thinking, you have to consider the basics, as well as long term goals and your future plans.