Successful Business Flashcards
Internal influences
Employees, finance, management style, culture, and resources
External influences
Technology, economics, suppliers, customers, legal requirements, competitors, policy, and finance
Function
What a department is there to do (sales, marketing, accounts, production, HR)
Location
The location of the office
Activity
What a company actually does, involving the work of both individual departments and also across the whole organisation
Regional offices
Responsible for a part of the market or country in which activities are carried out
Divisions
How activities are grouped together to form a recognisable whole (sales, research, or manufacturing)
Subsidiary
Carry out specific activities in given locations
SWOT analysis
Analysis of Strengths, Weaknesses, Opportunities and Threats
PESTEL
Political, Economic, Social, Technological, Environmental, Legal factors that affect a business
Five forces
The power of buyers, suppliers, the threat of entry, substitution, and competitive rivalry
Competitor analysis
An assessment or evaluation of the players in the field
SPECTACLES
Social, Political, Economic, Cultural, Technological, Aesthetic, Customer, Legal, Environmental, Sectoral
