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LAB MAN > PRE FI LEC 3: ORGANIZATIONAL STRATEGIES > Flashcards

PRE FI LEC 3: ORGANIZATIONAL STRATEGIES Flashcards

1
Q

ORGANIZATIONAL ANALYSIS

A
  • UNDERSTAND
  • LOOK
  • IDENTIFY
  • DEVELOP
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2
Q

ORGANIZATIONAL ANALYSIS
- understand performance

A

UNDERSTANT

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3
Q

ORGANIZATIONAL ANALYSIS
- look for problem areas

A

LOOK

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4
Q

ORGANIZATIONAL ANALYSIS
- identify opportunities

A

IDENTIFY

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5
Q

ORGANIZATIONAL ANALYSIS
- develop plan of action

A

DEVELOP

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6
Q

PESTEL means?

A

POLITICAL
ECONOMIC
SOCIAL
TECHNOLOGICAL
ENVIRONMENT
LEGAL

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7
Q

PESTEL ANALYSIS
- Determine the extent to which a government
may influence a certain industry

A

POLITICAL

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8
Q

PESTEL ANALYSIS
- Determinants of an economy’s performance
that directly impacts a company

A

ECONOMIC

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9
Q

PESTEL ANALYSIS
- Represents the demographic characteristics, norms, customs and values of the population

A

SOCIAL

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10
Q

PESTEL ANALYSIS
- innovations in technology that may affect the operations of the industry

A

TECHNOLOGICAL

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11
Q

PESTEL ANALYSIS
- surrounding environment

A

ENVIRONMENT

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12
Q

PESTEL ANALYSIS
- laws in certain place/country that companies maintain for themselves

A

LEGAL

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13
Q

PESTEL ANALYSIS
- GOVERNMENT POLICY
- POLITICAL STABILITY
- CORRUPTION
- FOREIGN TRADE POLICY
- TAX POLICY
- LABOUR LAW
- TRADE RESTRICTIONS

A

POLITICAL

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14
Q

PESTEL ANALYSIS
- ECONOMIC GROWTH
- EXCHANGE RATES
- INTERESTS RATES
- INFLATION RATES
- DISPOSABLE INCOME
- UNEMPLOYMENT RATES

A

ECONOMIC

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15
Q

PESTEL ANALYSIS
- POPULATION GROWTH RATE
- AGE DISTRIBUTION
- CAREER ATTITUDES
- SAFETY EMPHASIS
- HEALTH CONSCIOUSNESS
- LIFESTYLE ATTITUDES
- CULTURAL BARRIERS

A

SOCIAL

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16
Q

PESTEL ANALYSIS
- TECHNOLOGY INCENTIVES
- LEVEL OF INNOVATION
- AUTOMATION
- R & D ACTIVITY
- TECHNOLOGICAL CHANGE
- TECHNOLOGICAL AWARENESS

A

TECHNOLOGICAL

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17
Q

PESTEL ANALYSIS
- WEATHER
- CLIMATE
- ENVIRONMENTAL POLICIES
- CLIMATE CHANGE
- PRESSURE FROM NGOs

A

ENVIRONMENT

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18
Q

PESTEL ANALYSIS
- DISCRIMINATION LAWS
- ANTITRUST LAWS
- EMPLOYMENT LAWS
- CONSUMER PROTECTION LAWS
- COPYRIGHT AND PATENT LAWS
- HEALTH AND SAFETY LAWS

A

LEGAL

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19
Q
  • characteristics that give ADVANTAGE over other industries
A

STRENGTHS

20
Q

characteristics that give DISADVANTAGE relative to others

A

WEAKNESSES

21
Q

external elements that BENEFIT the organization

A

OPPORTUNITIES

22
Q

external elements that could cause TROUBLE for the organization

A

THREATS

23
Q

HELPFUL to achieving the objective

A

STRENGTHS AND OPPORTUNITIES

24
Q

HARMFUL to achieving the objective

A

WEAKNESSES AND THREATS

25
Q

INTERNAL ORIGIN (attributes of the organization)

A

STRENGTHS AND WEAKNESSES

26
Q

EXTERNAL ORIGIN (attributes of the organization)

A

OPPORTUNITIES AND THREATS

27
Q

WHAT DO YOU DO WELL

A

STRENGTHS

28
Q

WHERE DO WE NEED TO IMPROVE?

A

WEAKNESSES

29
Q

WHAT ARE YOUR GOALS?

A

OPPORTUNITIES

30
Q

WHAT OBSTACLES DO YOU FACE?

A

THREATS

31
Q

PORTER’S FIVE FORCES

A
  • RIVALRY IN THE INDUSTRY
  • POWER OF SUPPLIERS
  • POWER OF CUSTOMERS
  • THREATS OF NEW ENTRANTS
  • THREATS OF SUBSTITUTES GOODS
32
Q

Looks at the number and strength of your
competitors

A

RIVALRY IN THE INDUSTRY/COMPETITION

33
Q
  • number of competitors
  • quality differences
  • other differences
  • switching costs
  • customer loyalty
  • costs of leaving market
A

COMPETITIVE RIVALRY

34
Q

Competitor’s ability to enter your market

A

THREATS OF NEW ENTRANTS/NEW ENTRANTS

35
Q
  • TIME AND COST ENTRY
  • SPECIALIST KNOWLEDGE
  • ECONOMIES SCALE
  • COST ADVANTAGES
  • TECHNOLOGY PROTECTION
  • BARRIERS TO ENTRY
A

THREATS OF NEW ENTRY

36
Q

Customers’ ability to affect the pricing and quality of products and services

A

POWER OF CUSTOMERS/ BUYER

37
Q
  • NUMBER OF CUSTOMERS
  • SIZE OF ORDERS
  • DIFFERENCES BETWEEN COMPETITORS
  • PRICE SENSITIVITY
  • ABILITY TO SUBSTITUTE
  • COST OF CHANGING
A

BUYER POWER

38
Q

Extent to which the suppliers can influence the prices

A

POWER OF SUPPLIERS/ SUPPLIERS

39
Q
  • NUMBER OF SUPPLIERS
  • SIZE OF SUPPLIERS
  • UNIQUENESS OF SERVICE
  • YOUR ABILITY TO SUBSTITUTE
  • COST OF CHANGING
A

SUPPLIER POWER

40
Q

Extent to which the suppliers can influence the prices

A

THREATS OF SUBSTITUTE GOODS/ SUBSTITUTES

41
Q
  • SUBSTITUTE PERFORMANCE
  • COST OF CHANGE
A

THREATS OF SUBSTITUTION

42
Q

Marketing tools that permit to analyze the factors influencing an organization

A
  • SWOT
  • PESTEL
  • P5F
43
Q

Marketing tools that permit to analyze the factors influencing an organization
- INTERNAL AND EXTERNAL FACTORS

A

SWOT ANALYSIS

44
Q

Marketing tools that permit to analyze the factors influencing an organization
- EXTERNAL FACTORS

A

PESTEL ANALYSIS

45
Q

Marketing tools that permit to analyze the factors influencing an organization
- COMPETITION

A

PORTER’S 5 FORCES

LAB MAN (9 decks)

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