1、IndustrialDynamicsandMarket/CompetitorAnalysisinaGlobalContext,KeyConcepts:Dynamics,Industry,Competition,GlobalisationKnowledge,Analysis,Internet,OverviewoftheBlock,TheoriesofIndustrialDynamismandIndustryAnalysisTheoriesofCompetitionandImplicationsforStrategiesofInternationalFirmsInternationalMarket
2、KnowledgeTheInternet,TheConceptofIndustrialDynamics,IndustrialOrganisation(IO)EconomicsTheS-C-PmodelPorter’sFiveForcesTheoriesofCompetitionPerfectcompetitionIndependenceandcompetitiverivalryResource-AdvantageTheoryCompetitiveDynamicsCompetitionisevolutionaryFirmstrategiesaredisequilibriumprovoking(c
3、f.Schumpeter’screativedestruction),ThePlayers,ThefocalindustryCustomers’industry/industriesSuppliers’industry/industriesTheenvironmentastheplayingfield,TheRoleofICTinChangingtheRulesoftheGame,ICTengineeredcompetitors-newentrantsICTasastrategictoolICTaschainfacilitatorsUpstreamDownstream,Migatronic-”
4、TheRollingCase”,TestingTheory-PracticefitCharacteristicsofMigatronic’sindustryNatureanddegreeofcompetitivedynamicsAppropriatnessoftheS-C-PmodelStrategicOrientationofMigatronicKnowledgeAcquisitionandManagementPossibleroleofICTAlternativebusinessdevelopmentstrategiesforMigatronic-,SomeKeyConceptmaybec
5、ostlytocollectDatamaybecollectedtolegitimisetopmanagementdecision,StudyingtheCompany,Espousedtheoriesvs.Theories-in-useOrganisationalmindsetCorerigiditiesandroutinizedbehaviourResearcher-ManagementRelationshipTheissueoftrustHiddenagendaofTopManagement,RespondentSelection,Respondentsasrepresentativeo
6、fanorganizationSpeakfortheorganisationorunitRespondentsasprivateindividuals,i.e.intheirpersonalcapacitySpeakoftheorganisationorunitRespondent’spersonalagendaTopmanagementcontrolofrespondentselectionSelectionbasedonrecommendationsProblemsofoverorunder-representation,TheConceptofMarketKnowledge,Ration
7、al-EmotionalKnowledgeDeclarativeknowledge(facts)SkillsCognitive/perceptualknowledgeSubjectivewisdom,non-causality,affectivebehaviourIndividual-CollectiveKnowledgetrainedcapacity(incapacity)groupnorms,rulesandvalues;“communityofpractices”organisationalmindset(“corecapabilities”or“corerigidities”Expli
8、cit-TacitKnowledgecodificationofknowledge----experiencedbasedknowledge”,OrganisationalDisseminationofMarketKnowledge,ProblemsofknowledgeconversionIsface-to-faceinteractionnecessary?ProblemsofcomputermediateddisseminationFunctional/DepartmentalknowledgepreferencesIndividualknowledgepreferencesCulture
9、basedpreferenceinmulticulturedorganisationsHistory-basedpreferenceRule-basedconstraints,AnalysisOfNewMarketOpportunities,TOYNEANDWALTER’SCLASSIFICATIONincipientdemandmarketsexpectedtoexistinthefuturelatentdemandrepresentsanuntappeddemandcurrentdemand.,AnalysisOfNewMarketOpportunities,Classification
10、ofmarketsPotentialmarket–customerswhohaveshowninterestbutlackpurchasingpowerAvailablemarket-customerswhohaveshowninterestandhavethepurchasingpowerTargetmarket–themarketsegmentthatthevendorispreparedtoservepenetrated(served)marketunpenetrated,(un-served)market,Ansoff’sProduct-MarketFramework,Analysis
11、ofcurrentmarketsituationsChangesinmarketsegmentconfigurationChangesincompetitorsituationsMarketingmixgapanalysisCustomervalueanalysisAnalysisofnewmarketsituationsIndustrychangesCountryeconomic,political,socialchangesSegmentationanalysisAnalysisofnewproductsituationsBenchmarkingPotentialcustomerneeds
12、/valueanalysisAnalysisofopportunitiesfordiversification,MarketSelectionandPruningDecisions,ConventionalApproachesExpansiveApproachExperimentalandexperientialknowledgeacquisitionContractibleApproachConventionalanalysis,screeningmodelGlobalisedMarketingTheBornglobalsShrinkingmarketlag,globalmarketsegm
13、entsConvergence-DivergencedebateConversiontoE-businessProblemsofdoubletrackstrategiessellingglobalwithoutglobalcapacitycompetingwithdistributors,CriteriaforMarketSelection,CorporateobjectivesandgoalsforthemarketProfit?Marketshare?Longtermpresence?Productknowledgeacquisition?Deterenceofcompetitors/fi
14、rstmoveradvantage?MarketingrequirementsExistingmarketingfacilitiesinthecountryCorporateresourcesPotentialcompetitorresponseWhatlikelymovesorstrategyshiftswillkeycompetitorsmake?Whereisthecompetitorvulnerable?,ConsiderationRegardingPruning,MarketgrowthrateandshareofmarketIsmarketpenetrationpossiblefo
15、rus?Aremarketingcostsincreasingmorethanrevenue?Arethereopportunitiesforourotherproductsonthemarket?Shareofkeycustomers’purchasingbudgetAreourcustomers’businessesgrowingordeclining?Areourcustomersloyaltous?Areweloyaltothem?Canwesupplyourkeycustomerswithotherproducts?Canwebuildrelationshipwiththem?Rat
16、eoftechnologicalchangewithinthemarket,CustomerValueAnalysis(CVA),Whatisournetgaininservingthisparticularcustomer?Createaprofitprofilecomparingtheprofitcontributionofeachcustomer.DeterminethesourceoftheprofitAssessthevalueelementsbeyondprofitsDeterminetheoverallvaluerankingwithinthecustomergroupDeter
17、minethemarketingrequirementsforservingthecustomers,,Developasales/marketingprogrammecommensuratewiththecustomer’svalueAssessthegrowth(ordecline)thatisexpectedtooccurineachcustomer’sdemandforthevendor’sproductsAssessthedegreeofmarketriskassociatedwitheachcustomerAssessthemarketingeffortsrequiredtosat
18、isfytheneedsofthecurrentbuyermix,PreferencesforAlternativeApproachestoMarketKnowledgeAcquisition,FirmlevelconsiderationsSizeDecision-makingtraditionDegreeofinternationalisationTopmanagementeducationandprofessionalbackgroundIndustry/marketconsiderationsIndustrytraditionsCulturaldeterminantsConceptsof
19、rationalityandknowledge,TypesofInternationalMarketResearch,SinglecountryresearchMulti-countryresearchIndependentmulti-countryresearchSequentialmulti-countryresearchSimultaneousmulti-countryresearch,AModelofMarketOpportunityAnalysis,IssuesSizeofmarketMarketingstrategyrequirementsCompetitors’marketstr
20、ategiesandcustomerresponsesRequirmentsDemandanalysisSegementationanalysisIndustryanalysisCompetitoranalysisChannelanalysis,IndustryAnalysis,Industrygrowthoutput,sales,numberoffirmsetc.CommonoperatingpracticescreditfacilitiesandconditionsofpaymentIndustrydynamicsentryandexitbarrierstempooftechnologic
21、alchangeDegreeofconcentrationDegreeofinternationalisation,EstimatingIndustryMarketPotential,Industrymarketpotentialthetotalsalesthatcouldberealisedinageographicareaandtimeperiodiftheindustrywerecapableoffullydevelopingalldemandfortheproductinquestion.IMPt=NtxRt-----------------------------------(1)w
22、hereIMPtistheindustrymarketpotentialattime(t)Ntisthenumberofpotentialconsumersintime(t)Rtistheusageratefortheproductintime(t),Industrysalesforecast,Industrysalesforecasttheestimatedlevelofsalesthatwillactuallybegenerated,givenexistingindustrypractices.ISFt=IMPtXIEt-----------------------(2)whereISFt
23、isindustrysalesforecastattime(t)IMPtistheindustrymarketpotentialattime(t)(alreadyestimated)IEindexcanbeestimatedfromtheperformanceoftheindustryduringtheimmediatepast.,EstimatingaFirmsSalesPotential,ThefirmssalespotentialSPt=ISFtxMMSt-------------------(3)whereSPtisthefirmssalespotentialintime(t)ISFt
24、isIndustrySalesForecastintime(t)(alreadyestimated)MMStisthefirmsmaximummarketshareintime(t)basedonmanagementsjudgement.,Company’ssalesforecast,Company’ssalesforecastSFt=ISFtxMSt---------------------(4)whereSFtisyourfirmsactualsalesforecastfortime(t)ISFtbeingtheindustrysalesforecastintime(t)MStbeingy
25、ourfirmsestimateofarealisticmarketshare.,Analysisofmarketsize,AnalysisofAggregateDemandAnalysisoffactorsinfluencingdemandfortheindustryasawhole.Determiningtheportionofthistotaldemandthatisavailableforthefirmsparticularproductorservice.,SummaryofEstimatingEquations,IndustryMarketPotentialIMPt=NtxRtIn
26、dustrySalesForecastISFt=IMPtxIetFirmsSalesPotentialSPt=ISFtxMMStFirmsSalesForecastSFt=ISFtxMst,MarketAttractivenessCriteria,MarketSizeMarketgrowthrateStrengthofcompetitionProfitpotentialNon-Economicfactorspolitical,social,legal,cultural,CompetitiveStrengths,MarketShareDifferentialadvantagesCostadvan
27、tagesReputationDistributioncapabilitiesCorecompetencies,ProblemsRelatingtoInternationalMarketResearch,LackofequivalenceofconceptsLanguageandcontextualdifferencesProblemsoffindingcomparableandreliablesamplingframesDifferencesinqualityandreliabilityofsecondarydataPerceptualdifferencesbetweendecision-m
28、akersandmarketresearchersMulti-culturalityofmanycountriesInadequacyoffundstocarryoutsurveys,RationaleandStylesofInterviewing,FlexibilityandadaptabilityTypesofinterviewFullystructuredSemistructuredNon-structuredConversationalinterviewing,Interviewingprocess,ListenmorethanyouspeakPutquestionsinastraig
29、htforward,clearandnon-threateningmannerAvoidcueswhichleadintervieweestorespondinaparticularwayEnjoytheinterview(orappeartoenjoyit),Respondents’PerceptionoftheInterviewer,RespondentinformationcensorshipTreatinginterviewerasastrangerProtectingtheorganisationCreatinganon-threateningatmosphereRapportcre
30、atingremarks(newspaperarticle)ReconfirmingpurposeofinterviewChoiceofvenueandtime,ValidityChecks,CheckingperceptualandfactualdisagreementsIssuesofwrongrecordingIssuesofinterviewermisinterpretationMemorydecayRespondentvalidationchecksRespondentvalidationInter-respondentvaliditychecksExternalvaliditych
31、ecks(Cross-validation),TheIssueofVocality,Whosevoicecomesthroughinthedata?Topmanagement?Middleorjuniormanagers?Workers?Expatriatestaff?Theneedformultiorbalancedvocality,Segmentingbusinessmarkets,Demographiccharacteristicsthenatureoftheindustry,thesizesofthecompaniesOperatingvariables,companytechnologynatureofproducts,customercapabilitiesPurchasingapproaches,themannerinwhichtheyorganisetheirpurchasingprocess,thepowerstructuresthatcharacterisethepurchasedecisionmakingunitsSituationalfactorstheurgencyoforderfulfillment,productapplication,thesizeoforder.,






