MODULE 6

Question 1

a fundamental truth or proposition that serves as the foundation for system of belief or behavior or a chain of reasoning

Answer 1

principle

Question 2

every business owner wants to succeed in their business. In order for a business to become successful, then, he has to venture into certain _____

Answer 2

principles

Question 3

serve as driving forces in order to be successful

Answer 3

principles

Question 4

backbone of the organization

Answer 4

principles

Question 5

WHAT ARE THE 10 PRINCIPLES

Answer 5

• scalability
• big ideas
• systems
• sustainability
• growth
• vision
• purpose
• autonomy
• profitability
• standards

Question 6

the business can change into size. changing is a sign the the business is growing

Answer 6

scalability

Question 7

a small business is not effective than the idea which is built

Answer 7

big ideas

Question 8

the entrepreneurs _____ is more important to the life of the business than anything else

Answer 8

vision

Question 9

steps to come up with big ideas

Answer 9

• it’s not a one shot deal
• follow your curiosity, fear go hand in hand
• make a commitment to creativity
• listen to your intuition. go with your gut
• ## follow the big energy, not the big idea

Question 10

the small business is a ______ which all parts contribute to the success or failure of the whole

Answer 10

system

Question 11

everything must work together

Answer 11

system

Question 12

a business must be dynamic-able to thrive through all economic conditions, in all markets, providing meaningful, highly differentiated results

Answer 12

sustainability

Question 13

small business is a school in which its employees are students, with the intention, will and determination to grow

Answer 13

growth

Question 14

small business must be manifest the higher purpose upon which it was seeded

Answer 14

vision

Question 15

was meant to exemplify the mission that was intended to fulfill

Answer 15

vision

Question 16

small business is the fruit of higher aim in mind of the person who conceive it

Answer 16

purpose

Question 17

a business is not part of the owner’s life, but in fact its own entity

Answer 17

autonomy

Question 18

small business possesses a life of its own, in the service of God, i which it finds reason

Answer 18

autonomy

Question 19

small business drive the economic reality, creating an economic certainty for the communities in which it thrives

Answer 19

profitability

Question 20

a small business creates standard against which all business is measured as either success or not

Answer 20

STANDARD

Question 21

all small business must aim to thrive beyond the _____ that formerly existed

Answer 21

standards

Question 22

TOOLS

Answer 22

• VMOST
• SWOT
• PEST
• PORTER’S
• STEEL or VSTEEP
• PRESTCOM

Question 23

vmost

Answer 23

vision
mission
objective
strategy
tactical

Question 24

standard analysis tool

Answer 24

SWOT

Question 25

a great tool to use in tandem with SWOT

Answer 25

PEST

Question 26

a tool that allows a business to evaluate its core strategies in terms of whether the supporting activities of that strategy is carried out

Answer 26

VMOST

Question 27

a tool for business analysis which every org needs to get through greater heights of success

Answer 27

swot

Question 28

helps to evaluate how your strategy fits into the broader environment and encourages strategic thinking

Answer 28

pest

Question 29

provides overview of all the crucial external influences on the organization

Answer 29

pest

Question 30

tool used to discover, evaluate, organize and track macro-economic factors

Answer 30

pest

Question 31

five sources of competitive analysis

Answer 31

porter's

Question 32

this stand for socio-technological, economic and political but if you add V it stands for values

Answer 32

steel vs vsteep

Question 33

PRESTCOM

Answer 33

political regulatory economic social technological competitive organizational market

Question 34

tool that uses five industry forces to determine the intensity of competition in industry and profitability level

Answer 34

porters

Question 35

the forces determine the industry structure and level of competition in the industry

Answer 35

porters

Question 36

5 competitive forces of competitive analysis

Answer 36

- threat of new entrants - bargaining power of buyers - threat of substitute products or services - bargaining power of suppliers

Question 37

a tool commonly used in marketing to evaluate different external factor that impact an org

Answer 37

steep analysis

Question 38

often conducted to get a detailed overview on what external factors determine the trends. also predict what might happen in the future

Answer 38

steep analysis

Question 39

a analysis that part of a one-off planning activity to create a proposal or to underpin an implementation plan for a given strategy, make sure analysis is current

Answer 39

prestcom