Lecture 4 Flashcards
Subsidiary
a company that is controlled or owned by another company
Turnover
amount of money the firm got from sales/services in a year
BCG Megatrends
long-term, transformative global trends.
a. Technological advancement and disruption
b. Health and Wellness and mental health
c. Shifting demographics
d. Sustainability
e. Urbanisation and infrastructure development
f. Evolving consumer preferences
i. Digital engagement
ii. Personalisation
iii. Sustainable focus
g. Globalisation and geopolitical shifts
Gross profit
Revenue - Cost of Goods sold
a. How efficient is a business producing/sourcing their products
b. doesn’t take into account operational costs like salaries
Family-Owned Business
A company owned and run by a family. Decisions are often quick, and the business focuses on long-term success.
a. PERI is a family-owned company in its second generation, emphasizing quick decision-making and innovation.
Innovation
Creating new or improved products, services, or ways of doing things to stay ahead of competitors.
How does PERI innovate
a. PERI focuses on making construction more efficient, faster, and safer. Their business success is driven by innovations in formwork and scaffolding technology.
Internationalization
Expanding a company into new countries to reach more customers and grow.
How does PERI practise internationalisation
PERI has expanded globally, operating in numerous countries across continents like Africa, Asia, Europe, and the Americas.
Business Model
How a company makes money by providing products or services to its customers.
What is the business model of PERI
PERI provides a solution package including both products (formwork, scaffolding) and services (rental, technical, logistical) to the construction industry.
Strategic Initiatives
Important projects that help a company reach its big goals, like entering new markets or using new technology.
Strategic initiatives in the case of PERI
PERI emphasizes strategic initiatives such as flood protection and building schools with new technologies like TwistBlocks, showing how they align their innovation with societal needs.
Competitive Advantage
The unique things that make a company better than its competitors, like lower costs or better products.
PERIs competitive advantage
PERI’s competitive advantage comes from its strong customer orientation, continuous innovation, and ability to adapt to market changes.
