Basic strategic management concepts for SMA classes
It appears to me that some Strategic Management Accounting (SMA) students are not familiar with the subject of Strategic Management. Here, I provide some links for a few basic concepts in Strategic Management for your quick reference:
- PEST analysis: http://en.wikipedia.org/wiki/PEST_analysis
- SWOT analysis: http://en.wikipedia.org/wiki/SWOT_analysis
- Competitive advantage: http://www.quickmba.com/strategy/competitive-advantage/
- Value Chain analysis: http://www.netmba.com/strategy/value-chain/
- Five-force Model: http://en.wikipedia.org/wiki/Porter_five_forces_analysis
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