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In formulating business strategy, managers must consider the
strategies of the firm's competitors. Competitor analysis has two
primary activities, first, obtaining information about important
competitors, and second, using that information to predict
competitor behavior. The goal of competitor analysis is to
understand, with which competitors to compete, competitors'
strategies and planned actions, how competitors might react to a
firm's actions, and how to influence competitor behavior to the
firm's own advantage.Porter's competitive analysis' framework is
based on the following four key aspects of a competitor, first,
competitor's objectives, second, competitor's assumptions, third,
competitor's strategy, and fourth, competitor's
capabilities.Objectives and assumptions are what drive the
competitor, and strategy and capabilities are what the competitor
is doing or is capable of doing. This book is an illustration of
Porter's competitive analysis' framework, it will be very useful
for management students, management scholars as well as business
strategy executives as it offers an overview of major strategic
management concepts, as well as real case studies in competitive
analysis.
Professional economists believe that the development of basic
industries in general and the steel industry in particular is the
best beginning step in the process of economic development of
underdeveloped countries. This book discusses these positions by
using the Algerian experience with the steel industry as a case in
point at particular times, as today tremendous change can be seen
in Algeria and in the rest of the world as far as the role of the
steel industry is concerned. The iron and steel industry has been
known to create the necessary conditions for sustained capital
formation at a rapid rate. In addition to the savings in foreign
exchange (affected by the reduction of steel imports), the other
beneficial effects in the establishment of a local steel industry
are employment generation and skill formation.
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