Strategically_Thinking_And_Haemonetics_Corporation

Strategically Thinking And Haemonetics Corporation Strategically Thinking and Haemonetics Corporation My thoughts on strategic thinking at Haemonetics was based upon my review of an article by Michael E. Porter from Inc. Magazine online. It was written in September of 1991 and titled “Know you Place, Assessing the attractiveness of your industry and strategically positioning your company”. Michael E. Porter, a Harvard Business School Professor, is a leading authority on competitive strategy and has authored 16 books and over 100 articles on the subject. He is such a leading authority that Harvard University created the Institute for Strategy and Competitiveness to further his work and his ideas are taught in virtually every business school in the world. His article, Know Your Place, discussed several key points that every business must know to be competitive and survive. His points focused around analyzing your industry and strategic positioning within that industry. Analyzing your industry is the process of understanding the attractiveness of the industry in regards to long term profitability. To understand how to access attractiveness Michael outlines five basic competitive forces that fit all industries. They are the character of the competition, threat of new competition, threat of substitute industry, haemonetics, business, strategy, michael, competitive, because, porter, advantage, blood, value, strategically, service, positioning, over, know, hospitals, customers, company, attractiveness, article, within, strategic, sell, scope, provide, process, power, place, new, medical, forces, focused, discussed, competitor