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Business Finance > Acronyms > Flashcards

Acronyms Flashcards

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1
Q

[O] ROLE

DIG Chicks

A

D - Differentiation (part of strategic role)
I - Interdependence w/ other KBFs
G - Goods and services in other industries
C - Cost leadership (other part of strategic role)

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2
Q

[O] INFLUENCES

“GTG le coq” + CSR

A 
G - Globalisation
T - Technology
G - Government
L - Legal regulations
E - Environmental
Co - Cost-based competition
Q - Quality expectations
CSR - Corporate social responsibility
- legal v ethical
- env. sustainability and social responsibility
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3
Q

[O] PROCESSES

VVVV

A

Volume,Variety,Visibility andVariation in demand.

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4
Q

[O] STRATEGIES

POGO SQUINT

A 
P - Performance objectives
O - Outsourcing
G - Global factors
O - Overcoming resistance to change
S - Supply chain management
Qu - Quality management
I - Inventory management
N - New product/service design and development
T - Technology
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5
Q

[O] [STRATEGY] PERFORMANCE OBJECTIVES

“Quesadilla Football Club”

A 
Q - Quality
S - Speed
D - Dependability
F - Flexibility
C - Customisation
C – Cost
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6
Q

[M] ROLE

Tasi

A

T - Types of markets
A - Approaches to marketing
S - Strategic role
I - Interdependence

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7
Q

[M] INFLUENCES

Feck

A

F - Factors influencing customer choice
E - Ethical
C - Consumer laws

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8
Q

[M] [INFLUNCES]

PEGS
TAPES
WIPD

A 
Factors Influencing Customer Choice
"Pegs"
P - Psychological
E - Economic
G - Government
S - Sociocultural
Ethical
"Tapes"
T - Truth,
A - Accuracy and good taste in advertising
P - Products that may damage health
E - Engaging in fair competition
S - Sugging
Consumer Laws
"WIPD" (pronounce whipped)
W - Warranties
I - Implied conditions
P - Price discrimination
D - Deceptive and misleading advertising
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9
Q

[M] PROCESSES

SMEIDI

A 
S - Situational analysis (SWOT and product lifecycle)
M - Market research
E - Establish marketing objectives
I - Identify target market(s)
D - Develop marketing strategies
I - Implement, monitor and control
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10
Q

[M] STRATEGIES

PPPP + PEG

A

4 P’s -Product,Price,Promotion andPlace (channels of distribution)
P - People, processes and physical evidence
E - E-marketing
G - Global marketing

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11
Q

[F] ROLE

PLEGS

A 
P - Profitability
L - Liquidity
E - Efficiency
G - Growth
S - Solvency (aka gearing)
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12
Q

[F] INFLUENCES

Sigg

A

S - Sources of finance (internal v external)
I - Institutions
G - Government
G - Global market influences

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13
Q

[F] [Institutions]

Buf Sail

A 
B - Banks
U - Unit trusts
F - Finance companies
S - Superannuation funds
A - Australian Securities Exchange
I - Investment banks
L - Life insurance companies
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14
Q

[F] Processes

PIMFLE

A 
P - Planning
I - and Implementing
M - Monitoring and controlling
F - Financial ratios
L - Limitations of financial reports
E - Ethical issues related to financial reports
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15
Q

[F] [Planning and Implementing]

Red and Blue Corner

A 
R - Record systems
B - Budgets
C - Financial controls
N - Financial needs
R - Financial risks
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16
Q

[F] [Limitations]

DR. VANETICE

A 
DR - Debt repayments
CE - Capitalising expenses
NE - Normalised earnings
TI - Timing issues
VA- Valuing Assets
17
Q

[F] STRATEGIES

GWCP

Good Work, Cam’s Penis!

A

G - Global financial management
W - Working capital management
C - Cash flow management
P - Profitability management

18
Q

[F] [Global financial management]

Hm, die

A 
H - Hedging
M - Methods of international payment
D - Derivatives
I - Interest rates
E - Exchange rates
19
Q

[HR] ROLE

OHUSI

A 
O - Outsourcing
H - Human resources function
U - Using contractors
S - Strategic role
I - Interdependence
20
Q

[HR] INFLUENCES

STEELS

A 
S - Stakeholders
T - Technological
E - Economic
E - Ethics and CSR
L - Legal
S - Social
21
Q

[HR] PROCESSES

ADMS

A

A - Acquisition
D - Development
M - Maintenance
S - Separation

22
Q

[HR] STRATEGIES

PaRTLy GRaDD

A

P - Performance management
R - Recruitment (internal/external; general/specific skills)
T - Training and development (current/future)
L - Leadership style
G - Global (costs, skills, supply)
R - Rewards (monetary/non-monetary; individual/group; performance pay)
D - Design (ie job design; general or specific)
D - Dispute resolution

23
Q

[HR] EFFECTIVENESS INDICATORS

WAT BLAC

A 
W - Worker satisfaction
A - Absenteeism
T - Turnover
B - Benchmarking key variables
L - Levels of disputation
A - Accidents
C - Corporate culture

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