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BST > Models > Flashcards

Models Flashcards

1
Q

What does PESTEL stand for? - External analysis

A

Political, Economic, Social, Technological, Environmental, Legal.

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2
Q

What are the five forces? - External analysis

A

Competitive Rivalry
Supplier Power
Buyer Power
Threat of Substitution
Threat of New Entry

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3
Q

BCG - Internal analysis

A

Stars, dogs, question marks and cash cows.

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4
Q

SWOT Analysis - Internal & External

A

Strengths,
Weaknesses,
Opportunities
Threats

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5
Q

Product lifecycle - Internal analysis

A

R&D
Introduction
Growth
Maturity
Decline

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6
Q

Benchmarking - Internal analysis

A

Essentially comparing against something e.g. ourselves, or a competitor

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7
Q

9M’s (resource audit) - Internal analysis

A

Measurement, materials, manpower, machinery, methods, management, money, maintenance, and mindset

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8
Q

Stakeholder mapping (Mendelow’s Matrix) - Stakeholder analysis

A

Interest and power

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9
Q

Porter’s generic strategies (Strategic choice)

A

Cost leadership, differentiation focus, Cost focus, differentiation

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10
Q

Ansoff’s matrix (Strategic choice)

A

Market penetration, market development, product development and diversification.

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11
Q

Lewin’s forcefield (Change)

A

Driving forces of change - Strengthen
Resistance to change - Weaken

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12
Q

Lewin’s iceberg (Change)

A

Unfreeze,
Move,
Re-freeze

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13
Q

SMART objectives

A

Specific,
Measurable,
Achievable
Reliable
Timely

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14
Q

3 e’s of sustainability

A

Economy, Ecology and Equity

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15
Q

Mintzberg’s organisational structure

A

Operating core
Strategic apex (board)
Middle line (middle managers)
Technostructure (Accountants, IT)
Support staff (Legal counsel)

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16
Q

Assessing feasibility of a strategy - SAF

A

Suitable, acceptable, feasible.

17
Q

Finance function as a business partner

A

Trusted advisor to collaborate with business.
Problem solving, preparing management accounts, forecasts.
Challenge the business

18
Q

If asked for a corporate appraisal what factors would you assess?

A

Internal AND external analysis

19
Q

If asked to analyse the competitive environment or the industry environment, what would a good model be?

A

Porter’s 5 forces - Buyer power, supplier power, threat of new entrants, ease of swapping product.

20
Q

Gemini’s four R’s

A

Managing change:
- Reframing
- Restructuring
- Revitalising
- Renewal

21
Q

7 P’s - Marketing strategy

A

Product
Place
Promotion
Price
People
Process
Physical environment

22
Q

What is a critical success factor

A

A goal that is vital to the success of an organisation & to achieving/maintaining a competitive advantage

BST (3 decks)

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