According to Michael Porter, five industry forces determine an industry's overall attractiveness and potential for long-term profitability. Which of the following is one of those forces Porter identified?
Risk can be reduced through related diversification (creating or acquiring companies in related businesses).
Clorox Corporation controls 60 percent of the bleach market. Imagine you are an entrepreneur who was considering developing and marketing a new brand of bleach. Which of Michael Porter's industry forces should you be most concerned about?
By using an adaptive management style , you can’t ever achieve anything instantly. It is crucial to evolve into adaptability during the entire procedure. And fortunately, you may take various actions to lead a more flexible firm. So, here are several techniques to boost your business.
Adaptive strategy demands eagle-eye monitoring of the environment of the company, including how the clients respond to trends and which technologies are deploying. The acknowledgment of signals and then testing and experimentation with alternative ways of thinking and acting are at the height of adaptive strategy planning. When you respond more or less rapidly than your competition, the adaptive advantage comes.
This course is taught by Matt Radtke. I have worked with Matt for over 9 years. We often consult with each other on AmiBroker questions or projects.
Our end goal is to create an adaptive strategy which performs optimally under different market regimes. The first step toward that goal is to summarize salient metrics by regime, which will then allow us to evaluate which strategy parameter values perform best in each regime. The first session will focus on providing those regime-specific metrics.