wtf Flashcards

1
Q

before you start making changes, it is a good idea to make sure you have full understanding of the factors affecting your business success

A

assert your situation

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2
Q

tools (5)

A

swot analysis
benchmarking
market research
trend analysis
webinars

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3
Q

helps you identify your business strength, weaknesses, opportunities and threats

A

swot analysis

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4
Q

measures your business performance against similar sized businesses

A

benchmarking

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5
Q

investigates your business market and industry, identify trends, changes and customer or client demand

A

market research

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6
Q

used a business data collected over time to identify consistent results or trend

A

trend analysis

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7
Q

provide useful information to help develop your business skills

A

webinars

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8
Q

make sure your goals are SMART

A

set clear goals

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9
Q

state clearly what you want to achieve

A

specific

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10
Q

make sure you can evaluate success

A

measurable

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11
Q

check if your objective is something you have the time and resources to meet

A

achievable

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12
Q

make sure your objectives improve profit arrivers and improve some part of your business

A

relevant

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13
Q

set a specific date for completion

A

timely

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14
Q

think about what strategy you could use to improve the situation

A

identify strategies for achieving your goals

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15
Q

write your plan in a formal that suits you

A

develop a plan for implementing your strategies

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16
Q

how long a task will take to complete, as well as the start and finish dates

A

time frame

17
Q

state the individual actions as precisely as you can

A

actions

18
Q

assign accountability for each action so everyone knows precisely what you expect from them and who is responsible

A

responsibilities

19
Q

list budget, staff or supplies needed to complete each action

A

resources

20
Q

state how you will know that the action has been completed

A

desired outcome

21
Q

establishing how you will measure the results that you want to achieve maybe simple as checking what you have completed

consider how often you want to measure your business achievement, this can also help you set nee goals regularly. learn more about measuring the success of your Innovation

A

measure the results