Acronyms Flashcards
[O] ROLE
DIG Chicks
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)
[O] INFLUENCES
“GTG le coq” + CSR
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
[O] PROCESSES
VVVV
Volume,Variety,Visibility andVariation in demand.
[O] STRATEGIES
POGO SQUINT
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
[O] [STRATEGY] PERFORMANCE OBJECTIVES
“Quesadilla Football Club”
Q - Quality S - Speed D - Dependability F - Flexibility C - Customisation C – Cost
[M] ROLE
Tasi
T - Types of markets
A - Approaches to marketing
S - Strategic role
I - Interdependence
[M] INFLUENCES
Feck
F - Factors influencing customer choice
E - Ethical
C - Consumer laws
[M] [INFLUNCES]
PEGS
TAPES
WIPD
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
[M] PROCESSES
SMEIDI
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
[M] STRATEGIES
PPPP + PEG
4 P’s -Product,Price,Promotion andPlace (channels of distribution)
P - People, processes and physical evidence
E - E-marketing
G - Global marketing
[F] ROLE
PLEGS
P - Profitability L - Liquidity E - Efficiency G - Growth S - Solvency (aka gearing)
[F] INFLUENCES
Sigg
S - Sources of finance (internal v external)
I - Institutions
G - Government
G - Global market influences
[F] [Institutions]
Buf Sail
B - Banks U - Unit trusts F - Finance companies S - Superannuation funds A - Australian Securities Exchange I - Investment banks L - Life insurance companies
[F] Processes
PIMFLE
P - Planning I - and Implementing M - Monitoring and controlling F - Financial ratios L - Limitations of financial reports E - Ethical issues related to financial reports
[F] [Planning and Implementing]
Red and Blue Corner
R - Record systems B - Budgets C - Financial controls N - Financial needs R - Financial risks
[F] [Limitations]
DR. VANETICE
DR - Debt repayments CE - Capitalising expenses NE - Normalised earnings TI - Timing issues VA- Valuing Assets
[F] STRATEGIES
GWCP
Good Work, Cam’s Penis!
G - Global financial management
W - Working capital management
C - Cash flow management
P - Profitability management
[F] [Global financial management]
Hm, die
H - Hedging M - Methods of international payment D - Derivatives I - Interest rates E - Exchange rates
[HR] ROLE
OHUSI
O - Outsourcing H - Human resources function U - Using contractors S - Strategic role I - Interdependence
[HR] INFLUENCES
STEELS
S - Stakeholders T - Technological E - Economic E - Ethics and CSR L - Legal S - Social
[HR] PROCESSES
ADMS
A - Acquisition
D - Development
M - Maintenance
S - Separation
[HR] STRATEGIES
PaRTLy GRaDD
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
[HR] EFFECTIVENESS INDICATORS
WAT BLAC
W - Worker satisfaction A - Absenteeism T - Turnover B - Benchmarking key variables L - Levels of disputation A - Accidents C - Corporate culture
