The strategic context for Business analysis - Module 3

Question 1

Provide a definition of Strategy

Answer 1

The long term direction of an organisation

Question 2

Why is a strategy Important

Answer 2

Provides a foundation for organisation to succeed through aligning execution with the context of its internal and external environment

Question 3

What are the benefits of a BA understand the strategic context ?

Answer 3

• Analyse and Discuss strategic approaches and priorities
• Build credibility
• Question appropriateness
• Analyse effectiveness of approach
• Provide leadership and influence in delivery

Question 4

PESTLE Analyses?

Answer 4

The external environment

Question 5

What does PESTLE stand for ?

Answer 5

Political, Economical, Social, Technological, Legal and Environmental

Question 6

Does VMOST analyse the External and Internal Environment?

Answer 6

Internal

Question 7

What’s the point of VMOST ?

Answer 7

Provides approach for development and the assessment of strategy

Question 8

List the elements of VMOST ?

Answer 8

Vision, Mission, Objective, Strategy, Tactics

Question 9

What is Mission in VMOST?

Answer 9

Describes what an organisation does or will do

Question 10

What is the Vision in VMOST ?

Answer 10

Defines the target state for the organisation

Question 11

What is a CSF ?

Answer 11

Few key areas that must go right for the business to achieve its goals

Question 12

What is a KPI ?

Answer 12

Indicator that we measure on a regular basis that will indicate whether we are making progress towards achieving the associated CSF

Question 13

What part of SWOT is external and Internal ?

Answer 13

S and W are Internal

O and T are External

Question 14

What is the business model canvas ?

Answer 14

Model showing how an organisation manages, creates and delivers value

Question 15

What can the BMC be used to assess ?

Answer 15

Current and Target state

Question 16

What is the Target Operating Model ?

Answer 16

Representation of how a company can be best organised to efficiently and effectively deliver and execute organisations strategy

Question 17

TOM should cover a full range of elements across

Answer 17

POPIT

Question 18

List the elements of POPIT:

Answer 18

People, Organisation, Processes, Information and Technology

Question 19

Why should we use the POPIT model ?

Answer 19

To ensure that all internal business aspects are considered when investigating a business area

Question 20

Addressing elements and considerations of the POPIT model provides firm basis for developing an effective ____

Answer 20

TOM

Question 21

What is Adaptive strategy

Answer 21

Iterative development of an organisations strategy in response to market or stakeholder feedback

Question 22

What is Linear strategy

Answer 22

Gradual, systematic development of an organisations strategy

Question 23

What are the levels of strategy

Answer 23

Corporate level strategy

SBU

Operations level strategy

Question 24

Corporate level strategy, what is this concerned with ?

Answer 24

Concerned with the overall purpose of the business

Question 25

What is the Strategic business unit level concerned with?

Answer 25

Addresses particular areas of product pricing, customer focus and competitive advantage within their own areas

Question 26

What is operations level strategy concerned with

Answer 26

Delivering of corporate and SBU strategies by making sure the organisation is effectively deploying resources, people and processes