Business Strategy Chapter 3 Environmental Analysis

 Environmental analysis (sometimes referred to as “environmental scanning”) is the analysis of factors in the larger competitive context that are currently affecting, or may in the future influence, the nature of competition within an industry.
Strategists should also pay attention to trends in the political and regulatory environment, as such factors can also impact a firm’s prospects in a substantial way.  Government regulation and other forms of market intervention can directly affect a firm’s operations and strategic options, and therefore should be carefully considered when formulating and implementing a firm’s strategy.
Many tacit influences that can arise from geographic differences, cultural trends, and social norms.
1.  Demographic trends
2.  Socio-cultural influences:
3.  Technological developments
4.  Macroeconomic impacts
5.  Political-legal pressures
6.  Global trade issues:

Business Strategy Chapter 2 Competitor Analysis

The remaining vendors may profit from their ventures but will likely make no more than their opportunity cost. This is what economists refer to as economic profit or economic rents. It differs from accounting profit in that it refers to profits in excess of the opportunity cost of capital.

Business Strategy Chapter 1 Strategy

An organization’s strategic goals, or objectives, refer to the organization’s mission, its unique purpose and scope. The strategic plan, sometimes called strategic intent, is how the organization tailors its offerings and develops and leverages internal resources and capabilities to accomplish strategic goals. Strategic actions are those tangible actions taken to operationalize the strategic plan in pursuit of the strategic goals of the business.
(1) an identification of the organization’s current competitive positioning and an assessment of the strengths and weaknesses of that position,
(2) a consideration of the pros and cons of a relatively small set of strategic actions to help improve that position, and
(3) the advancement of a set of recommendations based on this analysis.

How to Find Your Earliest Users

Source : https://www.indiehackers.com/round-table/how-did-you-find-your-earliest-users

1. market place
2. naturally grown audience
3. cold emails, outbound sales
4. SEO ‘optimization’
5. product hunt, reddit, hackernews
6. lifetime deals
7. slack
8. facebook, angel list, beta list
9. twitter, instagram, linkedin
10. ads
11. Blind, Quora, other QA sites.
12. press coverage