Competitive strategy decision making based on the five forces analysis with AHP/ANP approach

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dc.contributor.authorFranek, Jiří
dc.contributor.authorKresta, Aleš
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2014-05-21
dc.date.available2014-05-21
dc.date.issued2013-08
dc.description.abstractThe paper deals with a strategy making process on an example of high-tech firm. The strategy making process is the key task of any organization but especially in the fast changing environment of a high-tech firms it is crucial to also look ahead be able to differentiate the strategy approach. The strategic thinking is a structured decision making process that requires an assessment and evaluation of a large number of factors, criteria and data. When dealing with innovative approaches to decision making and strategic thinking it is necessary to follow a standardized structure. Contemporary knowledge society is determined by scattered information that can be accessed by a large number of subjects. This gives a great possibility to an independent subject to gather large intelligence about the business environment and all other related issues. This large quantity of information has to be structured in a hierarchical manner with interrelations. Even with this access to extensive intelligence the decision making process is always biased by some degree of subjectivity because it is made by people even with high competency. The paper presents an approach to strategic decision making process that uses well known Porter's Five Forces Analysis amplified by application of multiple attribute decision making decomposition methods Analytic Hierarchy Process and Analytic Network Process. The aim of the paper is to present both methods and compare the results of the competitive strategy decision making process using these methods also with the traditional approach. The first part of this paper includes an introduction to the strategic decision making and five forces analysis. The next part deals with multiple attribute decision making methods especially with the AHP and ANP with short review of up to date references. Following part is concerned with the methodology and general approach. The results are presented in the final part together with discussion and further applications.en
dc.formattext
dc.format.extent135-145cs
dc.identifier.isbn978-80-7372-953-0
dc.identifier.urihttps://dspace.tul.cz/handle/15240/6908
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
dc.relation.ispartofseriesLiberec economic forum 2013: proceedings of the 11th international conference: 16th - 17th September 2013, Sychrov Czech republic, EU /[editor Aleš Kocourek];1
dc.subjectANPen
dc.subjectFive Forces Analysisen
dc.subjectAHPen
dc.subjectmultiple attribute decision makingen
dc.subjectstrategic managementen
dc.subjectstrategic decision makingen
dc.subject.classificationM10
dc.subject.classificationC44
dc.titleCompetitive strategy decision making based on the five forces analysis with AHP/ANP approachcs
dc.typeArticleen
local.accessopen
local.facultyFaculty of Economics
local.fulltextyes
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