Strategic Plans and Risk management Flashcards
1
Q
Mintzbergs 5 p’s of strategy
A
Plan Ploy Pattern Position Perspective
2
Q
4 stages of Rational Planning Model
A
External/internal factors
Corporate Appraisal
MIssional Goals and Objectives
Gap Analysis
3
Q
What is the positioning-based view and the resource-based view?
A
Postitioning = identifying opportunities in the environment Resource = capabilities of the business and people
4
Q
PESTEL Stands for
A
Political Environmental Social Technological Economical Legal
5
Q
Primary Activities of a business
A
Directly related to production, operations, sales, marketing, delivery and service
6
Q
Do you Build/Hold/Harvest/Divest
Stars, Cash cows, Question Marks, Dogs
A
Stars - build
Cash Cows - Hold/Harvest
Question Marks - Harvest/Build
Dogs - Divest/Hold
