Frameworks Flashcards

1
Q

Parts in the Diamond E

A

Organization
management preferences
resources
strategy
environment

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2
Q

Diamond E: Organization

A

Culture: who are we
Responsibilities: what are we good at
Structure: how do we divide work

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3
Q

Diamond E: Resources

A

Human
Capital
Financial

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4
Q

Diamond E: Management

A

Vision, mission, preferences, biases

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5
Q

What is diamond e

A

a strategic tool used to analyze and align a business’s internal and external factors to ensure effective strategy execution.

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6
Q

elements of porters 5 forces

A

new entrants
bargaining power of suppliers
substitutes
bargaining power of buyers
industry competitors/rivalry among existing firms

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7
Q

when to apply porters 5 forces

A

what factors in my industry are negatively impacting profitability and what is driving these factors

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8
Q

Key success factors

A

Financial resources
customers
innovation
employees
uniqueness
products and services

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9
Q

financial resources importance

A

enable growth

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10
Q

customers importance

A

provide revenue

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11
Q

innovation importance

A

environmental alignment

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12
Q

uniqueness importance

A

market advantage

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13
Q

products and services importance

A

revenue means

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14
Q

Financial resources actions

A

improving profit, ROI

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15
Q

customers actions

A

customer satisfaction
target
understand
satisfy

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16
Q

innovation actions

A

innovation and creativity, valuable change

17
Q

employees actions

A

employee commitment
loyal
productive
hire
train
motivate

18
Q

uniqueness actions

A

distinctive competitive advantage

19
Q

products and services actions

A

quality products and services

20
Q

financial resources related KPI

A

revenues
profit
ROIs
firm value

21
Q

customers related KPI

A

market share
share of wallet
churn
NPS

22
Q

innovation related KPI

A

new products
new approaches
idea generation
cycle time

23
Q

employees related KPI

A

turnover
applications
productivity

24
Q

uniqueness related KPI

A

strong
unique reputation
superior comparative performance

25
Q

products and services related KPI

A

returns
defects
warranty claims
waste

26
Q

whats a forcefield analysis

A

a strategic tool used to evaluate the factors supporting or opposing a decision, change, or action.