3.9 Strategic methods, how to purse strategies Flashcards
What is retrenchment? Why do businesses grow or retrench?
What is organic growth?
What is external growth?
What is the difference between organic and external growth?
What are the issues with growth?
What is a synergy and how does it affect bus growth?
What is overtrading and how does it affect bus growth?
What is the impact of growth on bus functional areas?
What is the impact of retrenchment on bus functional areas?
What is a merger (method of growth)?
What is a takeover (method of growth)?
What are ventures (method of growth)?
What is franchising (method of growth)?
What are the different types of growth?
What are the pressures for innovation?
What is product innovation?
What is process innovation?
What is the value of innovation?
Ways of becoming an innovative organisation?
What is kaizen?
What is research and development?
What is intrapreneurship?
What is benchmarking?
How to protect innovation?
Ways of protecting intellectual property?
What is the impact of having innovation strategy on functional areas of the business?
Reasons for business to have greater globalisation?
What’s the importance of globalisation for a business?
What’s the importance of emerging economies for a business?
Reasons for business being in international markets?
Methods for entering international markets include?
Factors influencing attractiveness of international markets?
What are the reasons for producing and sourcing resources abroad?
What is off-shoring?
What is re-shoring?
What is being a multinational business?
Value of being a multinational business?
What influences business buying, selling and producing abroad?
What are pressures for local responsiveness in terms of managing international business?
What are pressures for cost reduction in terms of managing international business?
What are the pressures to adapt to digital technology?
Examples of digital technology?
What is the value of digital technology?
