Week 2 Flashcards
1
Q
Attitudes towards the future
A
2
Q
Business environment graph
A
3
Q
Anlysis is the key asset of a leader. They need to deal with unceratinty and ambiguity.
A
- Uncertainty - we are not sure about the future
- Ambiguity - not having all the data to understand the event/phenomenon/issue
4
Q
Polaroid example - disruptive innovation.
A
Had a better digital camera than Japanese competitors, but the board shut the new product down because of their own bias.
5
Q
Industry and competition’s dynamics — key sucess factors
A
- Life cycle
- 5 (+1) forces
6
Q
PESTEL analysis
A
- Political forces
- Economic forces
- Social forces
- Technological forces
- Environmental forces
- Legal forces
7
Q
A
