From the monthly archives: May 2012
Environment-Based Strategic Options – The Expansion Method Matrix
This post briefly outlines the principal methods of expansion and reviews the advantages and disadvantages of the main ones. The expansion method matrix explores in a structured way the methods by which the market opportunities associated with strategy options might be achieved. To do this, it is necessary [...]
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What is the concept of economic rent?
To help understand the role of resources in competitive advantage, it is necessary to consider the concept of economic rent. This was first developed by the English economist, David Ricardo (1772-1823). Economic rent is defined as any excess that a factor earns over the minimum amount needed to keep [...]
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Stakeholders – Expectations and mapping
People play a complex role in the evolution of strategy. So it is important to consider what people expect an organisation to achieve and, therefore, what influence people can have over an organisation’s purposes. There are four main types of expectations – each of which influences an organisation’s purposes to some [...]
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