If you survived your first night, chances are your hemorrhage is under control. 1  Continue to drink. A lot. 2  Inspect thoroughly. Remove articles of clothing to do so. 3  Thoroughly clean the wound (this is the most important step). Clean water is best, but anything should be fine.  Donât attempt to suture close any open wounds.
For each strategic option, ask yourself how you could use that strategy to: 1  Reduce or manage supplier power. 2  Reduce or manage buyer/customer power. 3  Come out on top of the competitive rivalry. 4  Reduce or eliminate the threat of substitution. 5  Reduce or eliminate the threat of new entry.
Strategic efforts are based on the âhigher levelâ, âbig pictureâ and âlong termâ views and objectives. Time duration isn't exactly the line in the sand. For example, one may choose to kill a product or product feature. This can be considered a strategic decision so one can focus on other product lines or features but have almost immediate impacts. The results usually are for the betterment of a long term vision though.