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ACCA Study > SBL Flashcards > Flashcards

SBL Flashcards

1
Q

What are the elements of porter’s five forces?

A

Threat of substitute products
Threat of new entrants
Bargaining power of suppliers
Bargaining power of customers
Competitive rivalry within an industry

TTBBC

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2
Q

What are the elements of porter’s value chain?

A

Primary activities
Inbound logistics
Operations
Outbound Logistics
Marketing & Sales
Service

Support activities
Procurement
Human resource management
Firm infrastructure
Technology development

IOOMS & PHFT - Good for M&A assessments

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3
Q

What are the elements of Porter’s competitive advantage of nations (the diamond)?

A

Factor conditions eg climate, education
Demand conditions eg customer demand
Related and supporting industries
Strategy, structure and rivalry

FDRS

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4
Q

What are the elements of PESTEL?

A

Political
Economic
Social
Technological
Environmental
Legal

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5
Q

What are the elements of the SAF framework?

Good for evaluating a plan or strategy

A

Suitability
Acceptability
Feasibility

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6
Q

What are the 7 Ps/Marketing mix?

A

Product
Price
Promotion
Place

People
Processes
Physical evidence

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7
Q

What are the 6 Is for e-marketing?

A

Interactivity,
Intelligence,
Integration,
Individualisation,
Industry structure,
Independence of location

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8
Q

What are the BCG Matrix elements?

Good for assessing share of a market

A

Cash cow - low growth, high market share
Stars - high growth, high market share
Question marks - high growth, low market share
Dogs - low growth, low market share

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9
Q

What are the elements of Ansoff’s vector matrix? (Product market mix)

A

Ranked in terms of risk

Market penetration - existing market, existing product
Product development - existing market, new product
Market development - new market, existing product
Diversification - new market, new product

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10
Q

What are the elements of integrated reporting?

A

Financial
Intellectual
Social
Human
Manufacturing
Natural

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11
Q

What are the benefits of integrated thinking?

A

Holistic perspective
Consideration of short and long term
Adding value
Sustainable growth
Improved reputation and governance
Connectivity

LASHIC

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12
Q

What are the elements of the rational model?

A

Missions & Objectives
Corporate Appraisal
Strategic Option Generation
Strategic Evaluation & Choice
Strategic Implementation
Review & Control

SWOT Section
Internal Resource analysis (linked to Mission & Objectives + Corporate Appraisal)
Environmental analysis (Only linked to corporate appraisal)

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13
Q

What are the key elements of the corporate governance code?

A

Board leadership
Remuneration
Evaluation
Audit/accountability
Division of responsibilities

BREAD

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14
Q

What are the concepts underpinning corporate governance?

A

Honesty
Accountability
Responsibility
Diversity
Fairness
Openness
Reputation
Integrity
Judgement
Independence
Transparency

HARDFORIJIT

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15
Q

What are the recommend committees under the UK corporate governance code?

A

Remuneration committee
Audit committee
Nominations committee
Risk committee (optional)

RANR

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16
Q

What are the Mendelow’s Matrix elements?

Good for stakeholder analysis

A

High stakeholder power/high interest - Involve
High stakeholder power/low interest - Consider/satisfy
Low stakeholder power/high interest - Consult/inform
Low stakeholder power/low interest - Ignore

17
Q

What are the 4 Vs for Big Data?

A

Volume
Variety
Velocity
Veracity

18
Q

What are some benefits of Big Data?

A

Sentiment analysis
Soft surveillance and consumer behaviour tracking
Open communication channels with clients
Predictive analytics
Analysis of customers’ purchasing behaviours

SSPPC

19
Q

What are the objectives of an internal control system?

A

Safeguarding assets
Complying with laws and regulations
Accurate financial information
Reduce fraud
Efficient business

SCARE

20
Q

What are the elements used to assess a control system?

A

Control procedures
Control environment
Risk management
Information
Monitoring

PERIM

21
Q

What are the elements of Lewin’s Iceberg 3 stage model?

A

Unfreezing
Changing
Refreezing

UCR

22
Q

What are the elements of the balance scorecard?

A

Financial
Internal
Learning & Growth
Customer

FILC

23
Q

What are the elements of a SMART target?

A

Specific
Measurable
Achievable
Realistic
Timely

24
Q

What are the elements of the culture web?

A

Symbols
Stories
Structure
Power
Control Systems
Rituals

3SPCR

25
Q

What are the elements of the VANE framework for culture?

A

Values
Attitudes
Norms
Expectations

26
Q

What are the elements of the TARA risk framework?

A

Low probability/high impact - Transfer
Low probability/low impact - Accept
High probability/low impact - Reduce
High probability/high impact - Avoid

27
Q

What are the steps to a typical risk management strategy?

A

Identify the risk
Evaluate the risk
Assess the risk for impact and likelihood
TARA assessment
Understand the costs of operating controls

28
Q

What are the elements of the product life cycle?

A

Introduction
Growth
Maturity
Decline

29
Q

What are the elements of the project life cycle?

A

Initiation
Planning
Execution
Control
Completion

IPECC

30
Q

What are the elements of the strategic clock?

A

Price based strategies - low price low value
Differentiation strategies - middle/high price middle/high value
Failure strategies - high price low value

31
Q

What are the methods of company growth?

A

Organic growth
Acquisitions and mergers
Joint ventures
Franchising
Alliances

32
Q

What are the elements of Harmon’s process-strategy matrix?

A

Low complexity/low strategic importance – automate/outsource
High complexity/low strategic importance – outsource
Low complexity/high strategic importance – automate
High complexity/high strategic importance – Undertake process improvement

33
Q

What are the elements of a project initiation document (PID)?

A

Defines the project
Justifies the project
Sets out the expenditure and time-table budgets
Sets out the responsibilities of the project team
Sets out the quality control standards

34
Q

What are the contents of a project initial document (PID)?

A

Objective
Scope
Business Case
Project Deliverables
Resources
Roles & Responsibilities
Risks & Assumptions
Constraints
Project Schedule

P3ROPSBC - Props Business Central 3R

35
Q

What are the elements of JS&W three strategy lenses?

A

Strategy as design
Strategy as experience
Strategy as ideas

DIE

36
Q

What are some examples of strategic risk?

A

Market risk
Entrepreneurial risk
Credit risk
Liquidity risk
Technological risk
Legal risk
Outsource risk
Reputation risk

ROCLLEMT

37
Q

What are the roles of NEDs?

A

Strategy
Scrutinise
Risk
People

SSRP

38
Q

What are the elements of talent management

A

Attract
Retain
Motivate

ARM

39
Q

What are the elements of the performance excellence framework?

A

Leadership
Strategy
Customers
Measurement, analysis and knowledge management
Workforce
Operations
Results

SLOWCMR

ACCA Study (4 decks)

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