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Business Strategy and Technology > Additional > Flashcards

Additional Flashcards

1
Q

Models for external analysis

A

PESTEL

Porters diamond

Porters 5 forces

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2
Q

What is the order of a business strategy?

A

Complete internal and external analysis

Consider strengths and weaknesses

Complete stakeholder analysis

Identify gaps in where they are and where they want to be

Choose competitive positioning

Choose direction for growth

Implementation

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3
Q

Models for internal analysis?

A

CSFs

Value chain

BCG/PLC

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4
Q

Models for considering strengths and weaknesses?

A

SWOT

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5
Q

Models for stakeholder analysis?

A

Mendalow

Missions

Objectives (SMART)

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6
Q

Models for choosing competitive postioning?

A

Porters generic strategies

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7
Q

Model for direction of growth?

A

Ansoff

Related & unrelated integration

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8
Q

Elements of implementation?

A

Marketing strategies

Organisational structure

Risk management

Performance management

Functional strategies

Change management

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9
Q

Models for marketing strategies

A

7 p’s

Product
Promotion
Price
Place
People
Process
Physical evidence

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10
Q

Pricing strategies?

A

Penetration pricing
Going rate
Price skimming
Price discrimination

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11
Q

Models to choose organisational structure?

A

Handy shamrock

Mintzberg

Simple, functional, flexible, divisional

Mechanistic

Organic

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12
Q

Order of risk assessment?

A

Risk appetite

Risk identification

Risk assessment

Risk response

Risk reporting

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13
Q

Models for risk appetite?

A

Reactors

Defenders

Analysers

Prospectors

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14
Q

Models for risk identification?

A

PESTEL

5 forces

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15
Q

Models for risk assessment?

A

Likelihood
Impact

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16
Q

Models for risk response?

A

TARA

Transfer
Accept
Reduce
Avoid

17
Q

Models for evaluation a strategy?

A

SAF

Suitability
Feasibility
Acceptability

18
Q

Modes for assessing strategies within the operational function?

A

4 v’s

Volume
Variety
Variation in demand
Visibility

19
Q

Models for change management?

A

Lewins iceberg model

Unfreeze

Move

Refreeze

20
Q

Models for big data

A

4 v’s

Volume
Velocity
Variety
Veracity

21
Q

Which model is useful to help measure the performance of a business?

A

Balance scorecard:

Financial

Customer

Internal

Innovation and learning

22
Q

What does the standard deviation measure?

A

Level of risk by measuring the variance from the mean

23
Q

What does the coefficient of variation measure?

A

The relative risk by taking the SD/Mean

Business Strategy and Technology (15 decks)

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