1INTERNAL FACTOR ANALYSIS Ign Teodore Teddy Saputra MBA Chapter / Week VIReferenceConcepts Strategic ManagementHitt, Ireland, Hoskisson . 9E
2Pertemuan ke :MateriBahan1Dasar-dasar Manajemen StrategiBuku 3: 1 dan 22Evolusi Manajemen StrategiBuku 1: 13Lingkungan EkternalBuku 2: 24Presentasi Lingkunan Ekternal5Lingkungan InternalBuku 2: 36Presentasi Lingkungan Internal7Review dan Kuis8UTS9Business Level strategy dan Corporate Level StrategyBuku 2: 4 dan 610Identifikasi Key Success FactorBuku 1: 411Perancangan Pengukuran Performance of Business Process untuk tumbuh secara berkelanjutanBuku 1: 8 dan 9Buku 2:12Buku 3: 9 dan 61213Kuis14Management Strategi dan EntrepreneurshipBuku 2: 1315Management Strategi dan Family BusinessBuku 1:316UAS +kumpul paper
4Kesepakatan Perkuliahan Alat-alat elektronik (handphone, PDA, MP3, dsb) tidak boleh diaktifkan selama jam perkuliahan.Tidak diperkenankan menyalakan laptop kecuali pada pertemuan yang disepakati.Toleransi keterlambatan 15 menitMahasiswa dilarang menitipkan tanda tangan presensi kepada temannya, bila ditemukan yang menitipkan dan yang dititipkan akan memperoleh sanksi.Mematuhi peraturan Etiket Berpakaian di IBM.Mematuhi peraturan UC lainnya untuk perkuliahan.WARNING
5Sumber daya / Resources Terbatas sedangkan Pemain didalam satu Industri semakin bertumbuh dengan pertumbuhan konsumen tertentu
7Sebelum melaju lebih dalam, mari kita perhatikan hal hal berikut ini Sebelum melaju lebih dalam, mari kita perhatikan hal hal berikut ini.... Saya sebut dengan business basic knowledge yg seharusnya kalian sudah tau...saya tandain dengan tanda bintang, dan selanjutnya seperti itu
8StrategyIntegrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantageAdalah komitment dan Action yang terintegrasi dan terkordinasi dengan baik untuk menemukan core kompetensi dan memperoleh competitive advantage pada satu perusahaan / firm
10A firm has a competitive advantage when it implements a strategy that creates superior value for customers and competitors are unable to duplicate or find too costly to try to imitatePerusahaan mempunyai competitive advantage waktu perusahaan berhasil menciptakan dan mengimplementasikan strategi yang menciptakan value yang sangat berharga bagi stakeholders dan kompetitor tidak mudah untuk menirunya
11Avarage ReturnsAre Return Equal To Those An Investor Expects to earn from other investments with a similiar amount of riskAbove avarage returnAre Returns is excess of what an investor expects to earn from other invesment with a similiar amout of risk
26Core Competencies ....Are Capabilities that serve as a source of competitive advantage for a firm over its rival
27Jelaslah anda harus membangun Core Competencies (CC), karena CC akan menghasilkan Competitive Advantage sebagaimana kita harus ciptakan untuk memenangi persaingan
28Building Core Competencies Firm achieve strategic competitiveness and earn above avarage return firms achieve strategic competitiveness and earn above-average returns when their unique core competencies are effectively acquired, bundled, and leveraged to take advantage of opportunities in the external environment in ways that create value for customers
29Two Tools Help Firms Identify and build their core competencies Four Specific Criteria of Sustainable Competitive AdvantageValue Chain analysis
30Two Tools Help Firms Identify and build their core competencies Four Specific Criteria of Sustainable Competitive AdvantageCapability yang tidak memenuhi salah satu dari 4 kriteria ini tidak dapat dikatakan sebagai core competenciesPlease NOTED : All Competitive Advantage have a limited life
31Valuable Capabilities Allow The firm to exploit oppotunities or neutralize threats in its external environment
32Rare Capabilities Are capabilities that few, if any, competitor possess How many Rival firms possess these valuable capabilities ??
33Costly to imitate Capabilities that other firms cannot easily develop
34Nonsubstitutable capabilities Capabilities that do not have strategic equivalents
36Two Tools Help Firms Identify and build their core competencies Value Chain analysisAllows the firm to understand the parts of its operations that create value and those that do not.Understanding these issues is important because the firm earns above-average returns only when the value it creates is greater than the costs incurred to create that value.
40Outsourcing is one solution to consider. What should a firm do about primary and support activities in which its resources and capabilities are not a source of core competence and, hence, of competitive advantage?Outsourcing is one solution to consider.
41Capabilities that do not have strategic equivalents OutsourcingCapabilities that do not have strategic equivalentsIs The Purchase of a value creating activity from an external supplierFirm Engaging in Effective Outsourcing Increase Their Flexibility, mitage risk and reduce Their capital Investment
44Understanding the Model To understand the Boston Matrix you need to understand how market share and market growth interrelate. Market share is the percentage of the total market that is being serviced by your company, measured either in revenue terms or unit volume terms. The higher your market share, the higher proportion of the market you control. The Boston Matrix assumes that if you enjoy a high market share you will normally be making money (this assumption is based on the idea that you will have been in the market long enough to have learned how to be profitable, and will be enjoying scale economies that give you an advantage).
45Understanding the Model The question it asks is, "Should you be investing your resources into that product line just because it is making you money?" The answer is, "not necessarily." This is where market growth comes into play. Market growth is used as a measure of a market's attractiveness. Markets experiencing high growth are ones where the total market is expanding, which should provide the opportunity for businesses to make more money, even if their market share remains stable. By contrast, competition in low growth markets is often bitter, and while you might have high market share now, what will the situation look like in a few months or a few years? This makes low growth markets less attractive.
46Understanding the Model Note: The origin of the Boston Matrix lies with the Boston Consulting Group in the early 1970s. It was devised as a clear and simple method for helping corporations decide which parts of their business they should allocate their available cash to. Today, this is as important as ever because of the limited availability of credit. However, the Boston Matrix is also a good tool for thinking about where to apply other finite resources: people, time and equipment.
47The Matrix ItselfThe Boston Matrix categorizes opportunities into four groups, shown on axes of Market Growth and Market Share:
48Dogs: Low Market Share / Low Market Growth In these areas, your market presence is weak, so it's going to take a lot of hard work to get noticed. Also, you won't enjoy the scale economies of the larger players, so it's going to be difficult to make a profit.
49Cash Cows: High Market Share / Low Market Growth Here, you're well-established, so it's easy to get attention and exploit new opportunities. However it's only worth expending a certain amount of effort, because the market isn't growing and your opportunities are limited.
50Stars: High Market Share / High Market Growth Here you're well-established, and growth is exciting! These are fantastic opportunities, and you should work hard to realize them.
51Question Marks (Problem Child): Low Market Share / High Market Growth These are the opportunities no one knows what to do with. They aren't generating much revenue right now because you don't have a large market share. But, they are in high growth markets so the potential to make money is there. Question Marks might become Stars and eventual Cash Cows, but they could just as easily absorb effort with little return. These opportunities need serious thought as to whether increased investment is warranted.
52How to Use The Tool:To use the Boston Matrix to look at your opportunities, use the following steps: Step One: Plot your opportunities in terms of their relative market presence, and market growth on a blank matrix or a worksheet. Step Two: Classify them into one of the four categories. If a product seems to fall right on one of the lines, take a real hard look at the situation and rely on past performance to help you decide which side you will place it.
53Step Three: Determine what you will do with each product/product line Step Three: Determine what you will do with each product/product line. There are typically four different strategies to apply:
54Build Market Share: Make further investments (for example, to maintain Star status, or turn a Question Mark into a Star)Hold: Maintain the status quo (do nothing)Harvest: Reduce the investment (enjoy positive cash flow and maximize profits from a Star or Cash Cow)Divest: For example, get rid of the Dogs, and use the capital to invest in Stars and some Question Marks.
55Key PointsThe Boston Matrix is an effective tool for quickly assessing the options open to you, both on a corporate and personal basis.With its easily understood classification into "Dogs", "Cash Cows", "Question Marks" and "Stars", it helps you quickly and simply screen the opportunities open to you, and helps you think about how you can make the most of them.
56Sekian pertemuan ke VI Management Strategic Semester 6 Salam Entrepreneur