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What is Business Focus

Critical Analysis and Architecture for Strategic Business Planning
The purpose of a business is to create a customer and it is the customer who determines the nature of the business ( Drucker, 2011 ).
Published in Chapter:
Drucker and Porter on Management and Analysis
Copyright: © 2022 |Pages: 21
DOI: 10.4018/978-1-7998-8073-8.ch004
Abstract
The work of Drucker is reviewed with particular regard to comments about the role of management and the approach Drucker suggests concerning determining the focus of the business. These statements are evaluated for their relationship to the business model and its importance in business analysis. The work of Porter is reviewed concerning competitive advantage and the suggestions regarding business analysis and the detailed information sources. The concept of analysing the linkages between resources across the organization and the supply chain is reviewed. The relationship between the resource-based view of competitive advantage and the connection to the VRIO framework is considered. The suggestions Porter makes concerning the industry analysis and within industry analysis are reviewed. The possibility of using the same approach and developing similar related questions to analyse the organization is considered.
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