Glosor 1-10 Flashcards
what is mission
organisations purpose
what is vision
what are the organisation striving to
what is corporate strategy? what is it based on? what are the diffrent corporate strategies?
What corporate buisness should we be in? based on mission and goals. diffrent strategies like: grow = expand products and services, stability = continue to do what they do now, renewal = companies have problem and renew and change by cutting down cost etc
what is business model? give example from dell
how are we going to make money? like will customers value make money on customized computers? yes then we make money on it
WHo, what why is
who = customer segment
what = value to customers (products and service)
how= how do we bring the value to customers
what is buisness strategy(compete advantage)? give example of diffrent stratgies
how are we competing in a buisness. ex cost leadership = lowest cost in the industry, diffrentiation, diffrent products or services, focus = specific nich in the market, can be focusing on cost leadership or diffrentioation
what is focal industry?
5 forces of porter is useful becuase? name them
understand comeptive forces in the industry.
1.new entrence = threaths of it, rivals, barganing power, barganing suppliers and substitutes
what is value creation analysis in terms of porter 5 forces
what you do to make value to others, in order to react on the forces
key sucess factors is imporant
important for a company in order to compete in the industry
