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A LEVEL BUSINESS > 3.9 Strategic methods: how to pursue strategies > Flashcards

3.9 Strategic methods: how to pursue strategies Flashcards

1
Q

The reasons why businesses grow or retrench

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2
Q

Types of growth to include organic and external

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3
Q

The difference between organic and external growth

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4
Q

How to manage and overcome the problems of growth or retrenchment

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5
Q

economies of scale (including technical, purchasing and manageria

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6
Q

economies of scope

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7
Q

diseconomies of scale

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8
Q

the experience curve

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9
Q

synergy

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10
Q

overtrading

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11
Q

Greiner’s model of growth.

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12
Q

The impact of growth or retrenchment on the functional areas of the business

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13
Q

Assessing methods and types of growth

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14
Q

mergers, takeovers,

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15
Q

ventures, franchising

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16
Q

vertical (backward and forward), horizontal and conglomerate integration

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17
Q

The pressures for innovation

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18
Q

product and process innovation.

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19
Q

The value of innovation

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20
Q

The ways of becoming an innovative organisation

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21
Q

Kaizen

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22
Q

research and development

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23
Q

intrapreneurship

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24
Q

benchmarking

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25
Q

How to protect innovation and intellectual property

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26
Q

patents and copyrights.

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27
Q

The impact of an innovation strategy on the functional areas of the business

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28
Q

Reasons for targeting, operating in and trading with international markets

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29
Q

Methods of entering international markets include:

export
licensing
alliances
direct investment

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30
Q

Factors influencing the attractiveness of international markets

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31
Q

Reasons for producing more and sourcing more resources abroad

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32
Q

Decisions regarding producing overseas include off-shoring and re-shoring.

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33
Q

Ways of entering international markets and value of different methods

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34
Q

Targeting overseas markets may include being a multinational.

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35
Q

Influences on buying, selling and producing abroad

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36
Q

Managing international business including pressures for local responsiveness and pressures for cost reduction

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37
Q

Bartlett and Ghoshal’s international, multi-domestic, transnational and global strategies.

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38
Q

The impact on internationalisation for the functional areas of the business

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39
Q

The pressures to adopt digital technology

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40
Q

e-commerce, big data, data mining and enterprise resource planning (ERP).

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41
Q

The value of digital technology

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42
Q

The impact of digital technology on the functional areas of the business

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A LEVEL BUSINESS (9 decks)

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