3 Business modelling & the blue ocean strategy .......................................................................................... 19
3.1 Business modelling ................................................................................................................................... 19
3.1.1 The Osterwalder Basic Business Model ............................................................................................... 19
3.2 The blue ocean strategy ........................................................................................................................... 24
3.2.1 Blue ocean vs. Red ocean .................................................................................................................... 24
3.3 Summary .................................................................................................................................................. 33
4.1 Capitalism................................................................................................................................................. 34
4.1.1 Principle ............................................................................................................................................... 34
4.1.2 Change ................................................................................................................................................. 34
4.2 The end of the capitalist Era, and what comes next (article) ................................................................... 34
4.3 Consumers ................................................................................................................................................ 39
4.3.1 Customer relationship ......................................................................................................................... 39
5 The day after tomorrow............................................................................................................................ 45
5.1 Introduction .............................................................................................................................................. 45
A combination of the words:
• Stratos: “army”
• Agein: “to lead”
à het leiden van het leger, activiteiten
Greek language (6the century BC)
Strategy is a comprehensive action plan that identifies
• Long-term direction (lange termijn richting geven)
• Guides resource utilization (welke bronnen, welke hulpmiddelen moeten gebruikt worden)
To accomplish
• Organizational goals
• With sustainable competitive advantage
à sterk zijn in de markt van concurrenten is enorm belangrijk
1.2 Strategic management
Process of
• Formulating
• Implementing
• Evaluating
Cross functional decisions (strategies) to accomplish long-term goals and sustain competitive advantage
1.2.1 Integration
Strategic management achieves a firm’s success through integration
1.2.2 Benefits
• Clear sense of strategic vision of the firm (duidelijke, heldere visie)
• Sharper focus on what is strategically important (scherpe focus)
• Improved understanding of a rapidly changing environment
3
, 1.2.3 Main questions
Main questions to be asked:
• Where is the organization now?
• If no changes are made, where will the organization be in 1-2-5 years?
• If the answers are not acceptable, what specific actions should management undertake?
• What are risks and payoffs?
2 Basic model of strategic management
2.1 Model
2.1.1 Environmental scanning
= omgevingsscanning
Voorbeeld: “waarom kost een wit brood €3?”
Antwoord: de overheid bepaald de prijs (enkel van wit brood, niet van andere broodsoorten)
à culture: staan wij open voor innovatie of niet? In het ene bedrijf, ene cultuur wel maar de andere niet.
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller janehillewaere. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.03. You're not tied to anything after your purchase.