Strategy - Details of each model Flashcards
The value network
Looks at what is the most profitable and then how to add value.
Looks at things like the supplier value > our value and the customer value
Knowledge management
Looks at how to keep information within the company.
Involves ensuring that all information is documented and written so it is kept within the organisation
PESTEL
Looks at the wider environment of an organisation.
Policatical
Economic
Social
Technical
Legal and regulations
SAF Framework
Looks at picking the best option.
Suitability - does it fit with company mission
Acceptability - will the shareholders allow the decision (raitos, profitability)
Fesibility - does it fit with the 9 m’s
Porters five forces
Looks at the competivtive factors within the industry to assess the market.
- Competition
- bargin power suppliers
- bargin power customers
- threat of subsiste produts
- threat of new entries
Think TESCOS
Porter diamond
Use when looking at other countries.
Why is the country successful and why would this be a good country to venture into.
- Factor conditions - resources, climate, roads etc
- Strategy, structure and rivery - lots of competition, how much better would the product be
- Demand condition - looks at if the market out there would want the product
- Related and supporting industry - other business around that would support you (amazon and google.)
Lenses
Provides a method on how to approach a strategy.
1. Strategic analysis
2. Strategic choice
3. strategic implementation
- As design - follows a plan and sticks to plan
- As experience - looks to past to learn
- As ideas - looks to future for plan
The value chain
Looks at how the internal and external proces can add value.
Strategy capabilities
Looks at the internal resources and capabilities.
- Resources and capitabilities - what can we do to become successful ? 9’ms
- Threshold resources - min we need to start the business
- Unquie resources - what helps the business to stand out
- Criticial success factors - what do they need to do the succeed and excel competition
- Core competities - helps to achieve unquie resources
7 p’s
- people
- price
- product
- promotion
- place
- process
- physical evidence
BGC Matrix
the staple product of a business that will allow other products to be sold.
high market leader = high market share.
Can only be one market leader.
Think kitkat and all the other product types that they have
Ansoff Growth
How to grow the choices of new market and products.
New market - New product = Most risky
New market - existing product = Greater risk of failure
Existing market - new product = next least risky
Exisiting market - existing products = least risky
Intergrated reporting
A report that connects the company sustainility praticies to the financial results of a company.
The six capitals of intergrated reporting are:
* Financial - money that is available
* Manufacturing - resources and energy
* Intellectual - knowledge
* Human - competenticies and motiviation
* Social and relationships - the norms and the values
* Natural - Access to resources
