Unit 6/Chapter 7 - Strategy Elements Flashcards
List Strategy Elements
Resource, Course of Action, Value Stream, Capability
An asset owned or controlled by an individual or organization
Resource
Resource
Name of a ___ should be a noun
Resource
An ability that an active structure element, such as an org, person, or system, possesses
Capability
Capability
Focus on business outcomes; high-level view of current and desired abilities
Capability
A sequence of activities that create an overall result for a customer, stakeholder, or end user
Value Stream
Value Stream
Describes how an enterprise organizes its activities to create value; always defined from the perspective of the stakeholder
Value streams
An approach or plan for configuring some capabilities and resources of the enterprise, undertaken to achieve a goal
Course of Action
Course of Action
Realized by active and passive structure elements
Resources
Describes the sequence of behaviors required to create some result for an individual case, and it may describe alternative paths and decision points
Business Processes
Focuses on the overall value-creating behavior form the perspective of the importance, worth, or usefulness of what is produced; not a description of time-ordered tasks for individual cases.
Value streams
