Graeff´s Blog

07:00 get up for jogging, 5km through the nice old town of krems

09:00 strategic management – professor stockport

We are doing a nice case study about airtransport deregulation efforts in australia during the late 1980´s.

We´re doing a 5 forces analysis – a toolset developed by michael porter – of this case study. there are two issues with that toolset, first of all it is static in time, and second of all there is an issue with business boundries.

An important outcome for me is the following sentence:

Price is never an strategic issue, it is only a variable of marketing costs.

Next Theory we´re playing with is game theory – it´s all about PARTS. we go through different models like egocentric and allocentric games. Great ideas about changing the game from playing win – loose games to win – win situations like cooptition.

We learned that price wars are not a good option for capturing the value – so it´s better sometimes to

Raise the fog

After looking onto a nice Michael Porter Video about his 5 Force Analysis we´re getting again to the core of strategic management, it´s all about

Creating Value and capturing it.

if the businesses are not capable of capturing it, it is a industry which is not favourable and we should focus on a strategy for improving this. For example frequent flyer programs of airlines or credit card programms are solutions for getting out of the price war trap.

we finished with a video about apricot computer, which has three different lines of business but one of them is in a quite bad shape.

Business is very often about killing your favorite child to save the family.

a hard lesson to learn.

20:30 Weingut Nigl – after a hard day some nice food.

After 5h flight I landed @ JFK, New York – and again I changed Time Zone von GMT-7 to GMT-4 What a wonderfull day, full of sun and a temperature of up to 25° C. First I moved my laguage via a Yellow Cab to the POD Hotel and I got a feeling for a traffic jam in New York then I did a nice walk to Rockefeller Center to take a breakfast.

My next Station is Central park, where I took a short break and slept on a park bank. On the afternoon I took Subway 6 / Green Line to 96th street. I targeted upper east side where the Guggenheim Museum is located. Entrance was free today, but the Museum is crowed.

Next stop would have been Neue Galerie, but is unfortunately closed this weekend. Too late for any other museum, so I got back to the hotel and took a dinner at Lever House – very stylish

today I went to land´s end, had a nice breakfast in the Cliff House. In this area San Fransisco looks different, no more starbucks and Wendies.

the wetter was not too good, even around golden gate bridge it was foggy.

Lunch @ Pier 33,5 – got some nice seafood there. Then I drove by Tram Line F to San Franscisco Museum of Modern Art – great stuff…

After having some fun at the airport (3* Change of Gate, 1,5 hour delay) I left San Fransicso finally at 23:35 GMT-7 to New York, where I plan to stay for another three days.

Hi,

after checking in into the Braxton Hotel I went out together with some of my colleagues for some nice spanish food @ lauriol, 1835 18th street, NW. After lunch I felt into my small bed and slept for some short hours.

Getting up again at 06:00, I went to white house, the sun went up and it was a wonderfull clear morning.

At 09:00 our workshop started at SAIS, which is just around the corner of hotel braxton, I had a punch of interesting stories about german-american relationship and the today´s development in mexico and asia, targeting china, korea and malaysia.

Here are some fotos from today:

After working we did have some fun at sala thai, 2016 P Street near to dupont circle, a nice thai restaurant with typical american service quality.