Enviroments Flashcards
Environmental scanning
What are the benefits
Strengths
Weakness
Opportunities
Treated
Steps of management strategy
1 mission and vision 3. Environment 4. Possible issues ( Risk, Returns are low, political issues, social issues) 5. Strategic options 6. Evaluation to pick correct choice 7. Implementing 8 monitor and control
Micro
Mission bs vision
Long term vs short
Organization structure
What is long term vs short term obligations
Long -improvingthe returns and keeping costs down and improving market share
Short - depending on the current situation and what the business would like to achieve ( month to month
What is the culture of a market environment
The values and attitude shared within the organization
What are the Moroccan techniques to identify challenges
S strength
W weakness
Resource based
Value chain
Balancescord card
What is the resource based approach
This is looking at
Tangible : Production facilities Raw materials Computers Assets
Intangible :
Value
Rare
Unique
Non
Market environment
Propers 5 forces
Level of rivalry
Competition
Advertising
Rate of industry growth
Power of buyer
Customer analysis
Buyer volume
Power of suppliers
Connections
Geological change
Threat of new Entrants
The availability of substitutes products
Is your product easy
Price performance
Cost effective
Macro ( external )
What’s a trend
This is the predictable change s
Marco
What is a crisis
Unexpected
Techniques
Risk management
Descision tree
Pestle
What is risk management
This is
The approaching to strategies
Informal
Short term and uncomplicated
Standard
Evacuation plans lone term
Simple / Uni- disfuctional
Sales are down
Product unsuccessfully
Complex / multi
Co ordinance of different departments
What are he a advantages of strategy
Gives direction
Ensures consistency
Different management roles
Put the business into prosefctive
Coporate str
Growth
Internal : new product or increase in customer rention
External : adjustment to bus core
Decline
Happens are difficult times and a liquidation is put
Coporate combination
Joint : stakeholders come together to achieve goals and gain competition advantage
Merger : combine by mutual consent
