Strategic GroupEssay Preview: Strategic GroupReport this essayA strategic group is a concept used in strategic management that groups companies within an industry that have similar business models or similar combinations of strategies. For example, the fast-food industry can be portrayed as consisting of several strategic groups. The number of groups within an industry and their composition depends on what dimensions you use to define the groups. Strategists often use a two dimensional grid to display the position of each company along to the two most important dimensions. Strategy is the Direction and scope of an organization over the long term which achieves advantages for the organization.
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The Group: The role of a strategic group determines the amount of effort needed to accomplish its goal and the goals it aims for.
The Organization: An organizational group is defined by the role the members of a group play in their group. It is the purpose of the organization to represent the interests of groups of participants to achieve their objectives when taking a particular approach to a problem. An organization should identify, coordinate, assess, assess, develop, and use the resources that are needed to accomplish the following objectives: • • Provide solutions to meet the specific needs of members of an organization; • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
The “Company-by-Company Summary” provides the aggregate view of most of the business structure, information, information management and business practices in a given industry.
The summary gives the organization an account of current trends and projects which are being pursued or is being pursued. The overall product is a summary of all business activity and trends.
Product Overview” outlines what is currently under development and what should be in effect within the next five to seven years.
The product consists of five categories: The product provides a summary of current business activity and trends. It also identifies key developments in the product that the organization is interested in focusing on.
A User’s Guide explains more about the concepts and applications and how the new information is used to improve user productivity, enhance their skills and to better organize business, business plans, projects and information.
This document provides a guide of current products in the industry including our most efficient systems, software, and the software development for new products. This document also indicates key features and features of the industry.
Technology Overview” provides a brief overview of technologies and a review of current and future features such as hardware, software, and software applications. This overview includes a discussion concerning how devices, services, networks and other systems are evolving through the various components of a business such as: infrastructure, service technologies, software, software-as-a-service, enterprise and mobile platforms.
This document also provides links to information and resources about the various products currently under development including our most efficient and easy-to-use products.
Technology Overview” also includes a breakdown of our most efficient and easy to use products.
A section on innovation is included that can provide interesting feedback as to what aspects of technology will be adopted by customers using new technologies.
This document also provides more information about each product. The company description and product information include our most efficient and easy-to-use products. The section on innovation offers a variety of useful resources on the technology roadmap. The article also provides information on the latest technologies in the industry including: the latest technologies for new and existing business processes (i.e., product platforms) and the latest capabilities for new and existing business processes (e.g., integrated, smart machine, intelligent, IoT, etc.). The document also provides some useful background information.
Business Strategies” provides a summary of common business objectives that are frequently ignored or misused
The “Company-by-Company Summary” provides the aggregate view of most of the business structure, information, information management and business practices in a given industry.
The summary gives the organization an account of current trends and projects which are being pursued or is being pursued. The overall product is a summary of all business activity and trends.
Product Overview” outlines what is currently under development and what should be in effect within the next five to seven years.
The product consists of five categories: The product provides a summary of current business activity and trends. It also identifies key developments in the product that the organization is interested in focusing on.
A User’s Guide explains more about the concepts and applications and how the new information is used to improve user productivity, enhance their skills and to better organize business, business plans, projects and information.
This document provides a guide of current products in the industry including our most efficient systems, software, and the software development for new products. This document also indicates key features and features of the industry.
Technology Overview” provides a brief overview of technologies and a review of current and future features such as hardware, software, and software applications. This overview includes a discussion concerning how devices, services, networks and other systems are evolving through the various components of a business such as: infrastructure, service technologies, software, software-as-a-service, enterprise and mobile platforms.
This document also provides links to information and resources about the various products currently under development including our most efficient and easy-to-use products.
Technology Overview” also includes a breakdown of our most efficient and easy to use products.
A section on innovation is included that can provide interesting feedback as to what aspects of technology will be adopted by customers using new technologies.
The “Company-by-Company Summary” provides the aggregate view of most of the business structure, information, information management and business practices in a given industry.
The summary gives the organization an account of current trends and projects which are being pursued or is being pursued. The overall product is a summary of all business activity and trends.
Product Overview” outlines what is currently under development and what should be in effect within the next five to seven years.
The product consists of five categories: The product provides a summary of current business activity and trends. It also identifies key developments in the product that the organization is interested in focusing on.
A User’s Guide explains more about the concepts and applications and how the new information is used to improve user productivity, enhance their skills and to better organize business, business plans, projects and information.
This document provides a guide of current products in the industry including our most efficient systems, software, and the software development for new products. This document also indicates key features and features of the industry.
Technology Overview” provides a brief overview of technologies and a review of current and future features such as hardware, software, and software applications. This overview includes a discussion concerning how devices, services, networks and other systems are evolving through the various components of a business such as: infrastructure, service technologies, software, software-as-a-service, enterprise and mobile platforms.
This document also provides links to information and resources about the various products currently under development including our most efficient and easy-to-use products.
Technology Overview” also includes a breakdown of our most efficient and easy to use products.
A section on innovation is included that can provide interesting feedback as to what aspects of technology will be adopted by customers using new technologies.
This document also provides more information about each product. The company description and product information include our most efficient and easy-to-use products. The section on innovation offers a variety of useful resources on the technology roadmap. The article also provides information on the latest technologies in the industry including: the latest technologies for new and existing business processes (i.e., product platforms) and the latest capabilities for new and existing business processes (e.g., integrated, smart machine, intelligent, IoT, etc.). The document also provides some useful background information.
Business Strategies” provides a summary of common business objectives that are frequently ignored or misused
The “Company-by-Company Summary” provides the aggregate view of most of the business structure, information, information management and business practices in a given industry.
The summary gives the organization an account of current trends and projects which are being pursued or is being pursued. The overall product is a summary of all business activity and trends.
Product Overview” outlines what is currently under development and what should be in effect within the next five to seven years.
The product consists of five categories: The product provides a summary of current business activity and trends. It also identifies key developments in the product that the organization is interested in focusing on.
A User’s Guide explains more about the concepts and applications and how the new information is used to improve user productivity, enhance their skills and to better organize business, business plans, projects and information.
This document provides a guide of current products in the industry including our most efficient systems, software, and the software development for new products. This document also indicates key features and features of the industry.
Technology Overview” provides a brief overview of technologies and a review of current and future features such as hardware, software, and software applications. This overview includes a discussion concerning how devices, services, networks and other systems are evolving through the various components of a business such as: infrastructure, service technologies, software, software-as-a-service, enterprise and mobile platforms.
This document also provides links to information and resources about the various products currently under development including our most efficient and easy-to-use products.
Technology Overview” also includes a breakdown of our most efficient and easy to use products.
A section on innovation is included that can provide interesting feedback as to what aspects of technology will be adopted by customers using new technologies.
The “Company-by-Company Summary” provides the aggregate view of most of the business structure, information, information management and business practices in a given industry.
The summary gives the organization an account of current trends and projects which are being pursued or is being pursued. The overall product is a summary of all business activity and trends.
Product Overview” outlines what is currently under development and what should be in effect within the next five to seven years.
The product consists of five categories: The product provides a summary of current business activity and trends. It also identifies key developments in the product that the organization is interested in focusing on.
A User’s Guide explains more about the concepts and applications and how the new information is used to improve user productivity, enhance their skills and to better organize business, business plans, projects and information.
This document provides a guide of current products in the industry including our most efficient systems, software, and the software development for new products. This document also indicates key features and features of the industry.
Technology Overview” provides a brief overview of technologies and a review of current and future features such as hardware, software, and software applications. This overview includes a discussion concerning how devices, services, networks and other systems are evolving through the various components of a business such as: infrastructure, service technologies, software, software-as-a-service, enterprise and mobile platforms.
This document also provides links to information and resources about the various products currently under development including our most efficient and easy-to-use products.
Technology Overview” also includes a breakdown of our most efficient and easy to use products.
A section on innovation is included that can provide interesting feedback as to what aspects of technology will be adopted by customers using new technologies.
This document also provides more information about each product. The company description and product information include our most efficient and easy-to-use products. The section on innovation offers a variety of useful resources on the technology roadmap. The article also provides information on the latest technologies in the industry including: the latest technologies for new and existing business processes (i.e., product platforms) and the latest capabilities for new and existing business processes (e.g., integrated, smart machine, intelligent, IoT, etc.). The document also provides some useful background information.
Business Strategies” provides a summary of common business objectives that are frequently ignored or misused
The term was coined by Hunt (1972) in his analysis of the appliance industry where he discovered less competitive rivalry than industry concentration ratios suggest there should be. He attributed this to the existence of subgroups within the industry that effectively reduce the number of competitors in each market.
Michael Porter (1980) developed the concept and applied it within his overall system of strategic analysis. He explained strategic groups in terms of what he called “mobility barriers”. These are similar to the entry barriers that exist in industries, except they apply to groups within an industry. Because of these mobility barriers a company can get drawn into one strategic group or another. Strategic groups are not to be confused with Porters generic strategies which are internal strategies and do not reflect the diversity of strategic styles within an industry.
Originally, the analysis of intra-industry variations in the competitive behaviour and performance of firms was based primarily on the use of secondary financial and accounting data. The study of strategic groups from a cognitive perspective, however, has gained prominence during the past years (Hodgkinson 1997).
Strategic Group Analysis (SGA) aims to identify organizations with similar strategic characteristics, following similar strategies or competing on similar bases.
Such groups can usually be identified using two or perhaps three sets of characteristics as the bases of competition.Examples of Characteristics* Extent of product (or service) diversity