Foundations for Strategic Business Decisions

Identify the key players (competitors, customers, suppliers) in your woodworking business.

Distinguish between competitive and cooperative situations in your business.

Recognize interdependent decisions where your outcome depends on others' choices.

Map out the possible actions for your woodworking business and key competitors.

Predict how existing furniture makers might respond to your business entry.

Apply 'best response' thinking to a simple competitive scenario in your market.