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Study sets matching "business strategy analysis"

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Study sets matching "business strategy analysis"

23 terms
Business Strategy and Analysis
Mission Statement
Corporate Strategy
Strategic Objectives
Functional Objectives
A brief statement which describes the overall purpose of an o…
An overall plan with clearly defined objectives that provides…
These are objectives set for the whole organisation by senior…
These are objectives designed to improve the efficiency of bu…
Mission Statement
A brief statement which describes the overall purpose of an o…
Corporate Strategy
An overall plan with clearly defined objectives that provides…
7 terms
Business strategy and Market Analysis
Planning process
Macro-environmental analysis
PEST
PESTEL
1) Mission Statement, (SMART Goals) 2) Assess environment, (P…
part of understanding the overall operating environment and c…
Political: stability, tax policy, labor, environmental policy…
Political, economic, social, technological, Environmental: we…
Planning process
1) Mission Statement, (SMART Goals) 2) Assess environment, (P…
Macro-environmental analysis
part of understanding the overall operating environment and c…
The Role of the Business Analyst & Strategy Analysis
Business analysts must
Business analysts are responsible for
Business analysis enables an enterprise
Responsibilities of a Business Analyst
Analyze and synthesize information provided by a large number…
Eliciting the actual needs of stakeholders, not simply their…
To articulate needs and the rationale for change, and to desi…
Receives change requests... Evaluates requests... Defines product s…
Business analysts must
Analyze and synthesize information provided by a large number…
Business analysts are responsible for
Eliciting the actual needs of stakeholders, not simply their…
27 terms
BEC - Business Strategy & Market Analysis
Strategic Planning Proces
Mission Statement
Entity Values
Objectives
Establish mission, values, and objectives... Assess entity and e…
expression of purpose and range of activities
underlying beliefs that govern the operations of an entity
desired, measurable results the entity seeks to achieve relat…
Strategic Planning Proces
Establish mission, values, and objectives... Assess entity and e…
Mission Statement
expression of purpose and range of activities
10 terms
Intro. to Business Strategy and Market Analysis
strategic planning
6 steps in strategic planning process
mission statement
values
sequence of interrelated procedures for determining an entity…
1. est. mission, values, goals... 2. assess environment... 3. est.…
provides expression of the purpose and range of entity activi…
est. the underlying beliefs that govern operations and how re…
strategic planning
sequence of interrelated procedures for determining an entity…
6 steps in strategic planning process
1. est. mission, values, goals... 2. assess environment... 3. est.…
9 terms
A Level Business Analysis and Strategy: Market Analysis
What is price elasticity of demand?
How do you calculate percentage change?
How do you calculate price elasticity…
What is meant by co-efficient?
How sensitive the demand for a good or service is to a change…
percentage change= difference... ---------------- x 100... Original
Price Elasticity of Demand= Percentage Change in Demand... ----…
Used to describe the values for price elasticity of demand
What is price elasticity of demand?
How sensitive the demand for a good or service is to a change…
How do you calculate percentage change?
percentage change= difference... ---------------- x 100... Original
33 terms
A Level Business Analysis and Strategy: Strategy and Implementation
What is meant by strategy?
What are objectives?
How do strategy and objective relate?
What is a corporate strategy?
-The way a business operates in order to meet its objectives…
-Goals that a business wants to reach... -Use a strategy to get…
-You require a strategy to reach your objectives
-The long term plans of a business... -Details how objectives wi…
What is meant by strategy?
-The way a business operates in order to meet its objectives…
What are objectives?
-Goals that a business wants to reach... -Use a strategy to get…
23 terms
Chapter 6- Strategy Formulation: Situation Analysis and Business Strategy
Situation Analysis
Criticisms of SWOT
SFAS Matrix
Propitious Niche
The process of finding a strategic fit between external oppor…
1) Lengthy... 2) No weights to reflect priorities... 3) Ambiguous w…
summarizes organization's strategic factors by combining the…
Where an organization can use its core competencies to take a…
Situation Analysis
The process of finding a strategic fit between external oppor…
Criticisms of SWOT
1) Lengthy... 2) No weights to reflect priorities... 3) Ambiguous w…
9 terms
A Level Business Analysis and Strategy: Aims and Objectives
What is the role of a vision statement…
What is a mission statement?
What is the role of a mission statement?
What are SMART objectives?
-Provides a clear view of where the business wants to be and…
Written statement that states the purpose of an organisation…
-Provides a common focus for everybody within an organisation…
Specific... Measurable... Achievable... Realistic... Time
What is the role of a vision statement…
-Provides a clear view of where the business wants to be and…
What is a mission statement?
Written statement that states the purpose of an organisation…
37 terms
BUSI 490 - Chapter 6: Strategy Analysis and Choice
Aggressive quadrant
Attractiveness scores
Board of directors
Boston Consulting Group matrix
In a SPACE matrix analysis, when the firm's directional vecto…
In a QSPM, the numerical value (rating) that indicates the re…
A group of individuals above the CEO, who have oversight and…
A four quadrant, strategic planning analytical tool that plac…
Aggressive quadrant
In a SPACE matrix analysis, when the firm's directional vecto…
Attractiveness scores
In a QSPM, the numerical value (rating) that indicates the re…
38 terms
BUSI 490 - Chapter 6: Strategy Analysis and Choice
Aggressive quadrant (p. 173)
Attractiveness scores (AS) (p. 186)
Board of directors (p. 191)
Boston Consulting Group (BCG) matrix (…
In a SPACE matrix analysis, when the firm's directional vecto…
In a QSPM, the numerical value (rating) that indicates the re…
A group of individuals above the CEO, who have oversight and…
A four quadrant, strategic planning analytical tool that plac…
Aggressive quadrant (p. 173)
In a SPACE matrix analysis, when the firm's directional vecto…
Attractiveness scores (AS) (p. 186)
In a QSPM, the numerical value (rating) that indicates the re…
23 terms
Chapter 6: Strategy Formulation: situation analysis and business strategy
strategy formulation
Situation analysis
SWOT
SFAS
often referred to as strategic planning or long-range plannin…
the process of finding a strategic fit between external oppor…
Strengths and Weaknesses, Opportunities and Threats
(Strategic Factos Analysis Summary) Matrix, summarizes an org…
strategy formulation
often referred to as strategic planning or long-range plannin…
Situation analysis
the process of finding a strategic fit between external oppor…
26 terms
A Level Business Analysis and Strategy: Sales Forecasting
What is meant by sales forecasting?
Why is sales forecasting useful?
What factors can affect the reliabilit…
What are some qualitative forecasting…
-Sales forecasting is the process of predicting future sales…
Helps inform a wide range of business activities such as:... -Wo…
-Expertise of forecasters... -Research methods and sampling used…
-Delphi method... -Intuition... -Brainstorming... -Qualitative market…
What is meant by sales forecasting?
-Sales forecasting is the process of predicting future sales…
Why is sales forecasting useful?
Helps inform a wide range of business activities such as:... -Wo…
29 terms
CH 6 Strategy Formulation: Situation Analysis and Business Strategy
Situational Analysis: SWOT Approach
SWOT
Criticisms of SWOT Analysis
Generating a Strategic Factors Analysi…
Strategy formulation, often referred to as strategic planning…
SWOT is an acronym used to describe the particular Strengths,…
SWOT, by itself, is just a start to a strategic analysis. Som…
The SFAS (Strategic Factors Analysis Summary) Matrix summariz…
Situational Analysis: SWOT Approach
Strategy formulation, often referred to as strategic planning…
SWOT
SWOT is an acronym used to describe the particular Strengths,…
38 terms
BUSI 490 - Chapter 6: Strategy Analysis and Choice
Aggressive quadrant (p. 173)
Attractiveness scores (AS) (p. 186)
Board of directors (p. 191)
Boston Consulting Group (BCG) matrix (…
In a SPACE matrix analysis, when the firm's directional vecto…
In a QSPM, the numerical value (rating) that indicates the re…
A group of individuals above the CEO, who have oversight and…
A four quadrant, strategic planning analytical tool that plac…
Aggressive quadrant (p. 173)
In a SPACE matrix analysis, when the firm's directional vecto…
Attractiveness scores (AS) (p. 186)
In a QSPM, the numerical value (rating) that indicates the re…
35 terms
Ch. 6 Strategy formulation: situation analysis and Business Strategy
Strategy Formulation:
SWOT Acronym:
SFAS (Strategic Factors Analysis Summa…
SFAS Martix Steps:
Often referred to as strategic planning or long-range plannin…
Strengths, Weaknesses, Opportunities, Threats
Summarizes an organization's strategic factors by combining t…
1) Strategic Factors... 2) Weight... 3) Rating... 4) Weighted Score... 5)…
Strategy Formulation:
Often referred to as strategic planning or long-range plannin…
SWOT Acronym:
Strengths, Weaknesses, Opportunities, Threats
Business Policy and Strategy - Chapter 4- Strategy Formulation: Situation Analysis and Business Strategy
Situation Analysis
Criticisms of SWOT
SFAS Matrix
Propitious Niche
The process of finding a strategic fit between external oppor…
1) Lengthy... 2) No weights to reflect priorities... 3) Ambiguous w…
summarizes organization's strategic factors by combining the…
Where an organization can use its core competencies to take a…
Situation Analysis
The process of finding a strategic fit between external oppor…
Criticisms of SWOT
1) Lengthy... 2) No weights to reflect priorities... 3) Ambiguous w…
29 terms
Ch. 6 (Strategy formulation: situation analysis and Business Strategy)
Strategy Formulation:
SWOT Acronym:
SFAS (Strategic Factors Analysis Summa…
SFAS Martix Steps:
Often referred to as strategic planning or long-range plannin…
Strengths, Weaknesses, Opportunities, Threats
Summarizes an organization's strategic factors by combining t…
1) Strategic Factors... 2) Weight... 3) Rating... 4) Weighted Score... 5)…
Strategy Formulation:
Often referred to as strategic planning or long-range plannin…
SWOT Acronym:
Strengths, Weaknesses, Opportunities, Threats
51 terms
A Level Business Analysis and Strategy: Analysing Financial Performance
What is meant by a budget variance?
What can cause adverse budget variances?
What can cause favourable variances?
How could a business respond to a budg…
-The difference between the budgeted amount and the actual am…
-Competitors introduce a new product... -Suppliers increase pric…
-Competitors close a store... -Suppliers offer a discount... -Busin…
-Change budgets... -Staff training... -Reward staff... -Change supplie…
What is meant by a budget variance?
-The difference between the budgeted amount and the actual am…
What can cause adverse budget variances?
-Competitors introduce a new product... -Suppliers increase pric…
Business Policy and Strategy -- Chapter 3- Internal Scanning : Organizational Analysis
Resources
Capabilities
Competency
Core competency
an organization's assets and the building blocks of the organ…
technology, patents, copyrights, culture, and reputation
cross-functional integration and coordination of capabilities
a collection of competencies that crosses divisional boundari…
Resources
an organization's assets and the building blocks of the organ…
Capabilities
technology, patents, copyrights, culture, and reputation
Strategy Analysis (Strategy & Policy)
Absolute Cost Advantage
Bargaining Power of Buyers
Bargaining Power of Suppliers
Barriers to Entry
A cost advantage that is enjoyed by incumbents in an industry…
The ability of buyers to bargain down prices charged by compa…
The ability of suppliers to raise the price of inputs or to r…
Factors that make it costly for companies to enter an industry.
Absolute Cost Advantage
A cost advantage that is enjoyed by incumbents in an industry…
Bargaining Power of Buyers
The ability of buyers to bargain down prices charged by compa…
Business Policy and Strategy -- Chapter 2 - Environmental Scanning and Industry Analysis
Environmental scanning
Natural environment
Societal environment
Task environment
the monitoring, evaluation, and dissemination of information…
physical resources, wildlife, and climate that are an inheren…
mankind's social system that includes general forces that do…
includes those elements or groups that directly affect a corp…
Environmental scanning
the monitoring, evaluation, and dissemination of information…
Natural environment
physical resources, wildlife, and climate that are an inheren…
9 terms
A Level Business Analysis and Strategy: Analysing non Financial Performance
How are non financial measures importa…
What are customer attitude surveys?
How can customer attitude surveys be u…
What are employee attitude surveys?
-Helps businesses understand the bigger picture when measurin…
-Collected and analysed feedback from customers... -Both qualita…
-Can help evaluate the perception of the brand... -Likelihood of…
-Assesses how satisfied workers are... -Establishes employee eng…
How are non financial measures importa…
-Helps businesses understand the bigger picture when measurin…
What are customer attitude surveys?
-Collected and analysed feedback from customers... -Both qualita…
61 terms
Vision>Industry Analysis>Strategy>Value Chain>Business Process>OM
Vision
Porter's Five Forces
Buyer Power
Supplier Power
A short statement that shows the general direction of a busin…
Determines the relative attractiveness of an industry
Identifies the buyers in the industry. It is high if buyers h…
Identifies the suppliers in the industry. It is high if resou…
Vision
A short statement that shows the general direction of a busin…
Porter's Five Forces
Determines the relative attractiveness of an industry
28 terms
Strategy - Business and HR Strategy
Accounts payable
Accounts receivable
Assets
Balance sheet
Money an organization owes its vendors and suppliers.
Money an organization's customers owe the organization.
Financial, physical, and sometimes intangible properties an o…
Statement that reports the financial position of the organiza…
Accounts payable
Money an organization owes its vendors and suppliers.
Accounts receivable
Money an organization's customers owe the organization.
69 terms
Business Strategy
What are Porter's generic competitive…
blue ocean strategy
no frills
Experience Curve
Cost leadership: trying to have the lowest price... Differentiat…
when your company creates a value curve that other companies…
A service or product for which the non-essential features hav…
the more experience a firm has in producing a particular prod…
What are Porter's generic competitive…
Cost leadership: trying to have the lowest price... Differentiat…
blue ocean strategy
when your company creates a value curve that other companies…
18 terms
Business Strategy - Strategy and structure
Entrepreneurial structure
Functional Structure
Divisionalised structure (Product/bran…
Divisionalised structure (Geographical…
Owner - Manager structure, suits small biz
board of directors with different departments for different f…
organisaiton structured in accordance with product lines/bran…
grouping of activities on basis of location
Entrepreneurial structure
Owner - Manager structure, suits small biz
Functional Structure
board of directors with different departments for different f…
143 terms
Business Strategy
Uncovering Value ... Exchange Value
1. Creates and delivers something of v…
A business is a repeatable process tha…
1. Value creation: create something th…
Two Assumptions of Value Creation
Business is about the exchange of value
Quote by Paul Freet
5 Key Parts of a business
Uncovering Value ... Exchange Value
Two Assumptions of Value Creation
1. Creates and delivers something of v…
Business is about the exchange of value
76 terms
Business Strategy
Strategy
Competitive Advantage
4 Key strategic Choices
Corporate Level
A Company's plan to gain, sustain, a competitive advantage in…
when the strategy can consistently generate above average pro…
1-Markets to Pursue... 2-Unique value to offer... 3-Resources and C…
Where to Compete
Strategy
A Company's plan to gain, sustain, a competitive advantage in…
Competitive Advantage
when the strategy can consistently generate above average pro…
133 terms
Business Strategy
AFI Strategy Framework
Black Swan events
Competitive advantage
Competitive Disadvantage
A model that links three interdependent strategic management…
unexpected, high magnitude events that are beyond what modern…
A set of unique features of a company and its products that a…
Underperformance relative to other competitors in the same in…
AFI Strategy Framework
A model that links three interdependent strategic management…
Black Swan events
unexpected, high magnitude events that are beyond what modern…
16 terms
External analysis strategy management
The focus of Micro context
organizations enjoy Competitive advant…
Industry analysis
3. issue that affect INDUSTRY ANALYSIS…
1. Industry----supply... 2. Markets----demand(customer)... 3. Strat…
to other suppliers to the same market... to other organizations…
it aims to the nature of the competition in the industry esta…
life-cycle... competitors reaction... turbulance
The focus of Micro context
1. Industry----supply... 2. Markets----demand(customer)... 3. Strat…
organizations enjoy Competitive advant…
to other suppliers to the same market... to other organizations…
21 terms
Business Analysis
What is Business Analysis?
What are the main 4 skills that Busine…
What are the 7 steps that a business a…
What is a project life-cycle?
Business Analysis is a formal business discipline aimed at un…
Business Analysis integrates people skills, technical skills,…
1- Understand the nature of the business... 2- Interview stakeho…
It is all phases and stages of project between initiation and…
What is Business Analysis?
Business Analysis is a formal business discipline aimed at un…
What are the main 4 skills that Busine…
Business Analysis integrates people skills, technical skills,…
Business Strategy
market penetration strategy
product development strategy
market development strategy
diversification strategy
current products - current markets
new products - current markets
current products - new markets
new products - new markets
market penetration strategy
current products - current markets
product development strategy
new products - current markets
12 terms
Business Strategy
What is industrial organisation theory?
What is strategic choice theory?
What are the two strategy perspectives…
What are the layers of a business envi…
The environment dictates the firm's response or ability to co…
The organisation drives competitiveness - structure leads to…
- Firm reacts to its environment: How can we preform better?…
What is industrial organisation theory?
The environment dictates the firm's response or ability to co…
What is strategic choice theory?
The organisation drives competitiveness - structure leads to…
24 terms
Marketing Analysis & Strategy
Portfolio Analysis
Strategic Plan
Strategic Objective
BCG Matrix
Allows management to identify and evaluate the various busine…
Describes how a firm will adapt to take advantage of opportun…
Described by a company's mission statement, it states the pur…
*Stars: high growth, high share that require heavy investment…
Portfolio Analysis
Allows management to identify and evaluate the various busine…
Strategic Plan
Describes how a firm will adapt to take advantage of opportun…
31 terms
Strategy, Analysis and Choices
Strategy Analysis & Choice
Stage 1 - Input Stage
Stage 2 - Matching Stage
Stage 3 - Decision Stage
1. Subjective decisions based on objective information... 2. Gen…
1. EFE Matrix... 2. IFE matrix... 3. CPM
1. SWOT... 2. SPACE matrix... 3. BCG matrix... 4. IE Matrix... 5. Grand s…
• QSPM
Strategy Analysis & Choice
1. Subjective decisions based on objective information... 2. Gen…
Stage 1 - Input Stage
1. EFE Matrix... 2. IFE matrix... 3. CPM
25 terms
Marketing Strategy - Business Strategy
The 5 Management Tasks
Strategic Analysis
A Business
4 Parts of a Business Strategy
Strategic analysis, innovation, multiple businesses, creating…
-Gathering information about customers, rivals, and trends (t…
-An organizational unit that has (or should have) a defined s…
-Determination of Product-Market investment.... -Value propositi…
The 5 Management Tasks
Strategic analysis, innovation, multiple businesses, creating…
Strategic Analysis
-Gathering information about customers, rivals, and trends (t…
86 terms
Business Strategy
strategy
A good strategy consists of
Industry effects and their cause
Firm effects
set of goal-directed actions a firm takes to gain and sustain…
• A diagnosis of the competitive challenge ... • A guiding polic…
describe the underlying economic structure of the industry an…
connects firm performance to actions managers take and are ca…
strategy
set of goal-directed actions a firm takes to gain and sustain…
A good strategy consists of
• A diagnosis of the competitive challenge ... • A guiding polic…
108 terms
Business Strategy
Strategy
The objective of competitive strategy
Delivering superior value to buyers in…
Overall low cost provider, broad diffe…
Is the set of actions that its managers take to outperform th…
Build advantage in the marketplace by giving... Buyers superior…
While there are many routes to competitive advantage, they al…
The generic types of competitive strategies... include?
Strategy
Is the set of actions that its managers take to outperform th…
The objective of competitive strategy
Build advantage in the marketplace by giving... Buyers superior…
25 terms
Business Strategy
Strategic management
Strategy
good strategy
sustainable competitive advantage
this is the integrative field that combines analysis, formula…
set of goal directed actions a firm takes to gain and sustain…
consists of these three elements to enable a firm to achieve…
a firm that is able to outperform competitors or the industry…
Strategic management
this is the integrative field that combines analysis, formula…
Strategy
set of goal directed actions a firm takes to gain and sustain…
103 terms
Business Strategy
Romantic view of leadership
External control view of leadership
Strategic management
Strategy
Situations in which the leader is the key force determining t…
Situations in which external forces - where the leader has li…
The analyses, decisions, and actions an organization undertak…
The ideas, decisions, and actions that enable a firm to succe…
Romantic view of leadership
Situations in which the leader is the key force determining t…
External control view of leadership
Situations in which external forces - where the leader has li…
17 terms
Business Strategy
Leaders should be able to do three thi…
Strategic leadership
Top Down Strategic planning in the AFI…
Vision
1. Must have vision ... 2. Must articulate vision... 3. Must get bu…
The behaviors and styles of executives that influence others…
Analysis... (vision, mission, values; external analysis; interna…
What an organization ultimately wants to accomplish
Leaders should be able to do three thi…
1. Must have vision ... 2. Must articulate vision... 3. Must get bu…
Strategic leadership
The behaviors and styles of executives that influence others…
23 terms
Business Strategy
Leadership diversion
Competitive advantage
Operational effectiveness
stakeholders
Anger, sharing, courage, trust, and leadership
a firms resources and capabilities that enable it to overcome…
performing similar activities better than rivals
individuals, groups, and organizations who have a stake in th…
Leadership diversion
Anger, sharing, courage, trust, and leadership
Competitive advantage
a firms resources and capabilities that enable it to overcome…
66 terms
Business Strategy
Integrated and coordinated set of acti…
Competitive Advantage
Returns in excess of what investor exp…
Strategic Management Process
Strategy
Implementing a value-creating strategy that competitors are u…
Above Average Returns
Full set of commitments, decisions, and actions required for…
Integrated and coordinated set of acti…
Strategy
Competitive Advantage
Implementing a value-creating strategy that competitors are u…
15 terms
business strategy
define management:
define managerial roles:
what is the difference between informa…
Define decisional roles.
the process of organising, planning, controlling and leading…
behavioural activities involved in carrying out the functions…
Interpersonal role is about networking to build relationships…
they make routine decisions such as who to hire. They make de…
define management:
the process of organising, planning, controlling and leading…
define managerial roles:
behavioural activities involved in carrying out the functions…
88 terms
Business Strategy
What is the Difference between a Unila…
Bilaterl Contract
Unilateral Contract
Valid Contract
A Unilateral contract results when an offer can can be accept…
Promise for a promise contract
Promise for an act contract
A contract that results when the elements necessary for the c…
What is the Difference between a Unila…
A Unilateral contract results when an offer can can be accept…
Bilaterl Contract
Promise for a promise contract
35 terms
Business Strategies
business plan
business opportunity
business threat
business environment
A detailed written statement that describes the nature of the…
A situation that makes some potential competitive advantage p…
External factors that are out of the business's control, and…
The setting in which business operates. The five key componen…
business plan
A detailed written statement that describes the nature of the…
business opportunity
A situation that makes some potential competitive advantage p…
10 terms
3. Strategy Analysis
Strengths, weaknesses, opportunities,…
Wild cat, star, cash cow, dog
Political, Economic, Socio-cultural, T…
Industry competitors, Threats of new e…
What is Swot analysis?
What is the boston box
What is PESTLE
What is Porter's 5 Forces
Strengths, weaknesses, opportunities,…
What is Swot analysis?
Wild cat, star, cash cow, dog
What is the boston box
14 terms
Business Strategy
Functional Approach
Harvard Business School purpose
Carnegie/Chicago Approach
Chandler definition of strategy
curriculum organized around business organization and activit…
Purpose of business policy course was to Integrate various fu…
Curriculum organized around analytics disciplines
"strategy can be defined as the determination of the basic lo…
Functional Approach
curriculum organized around business organization and activit…
Harvard Business School purpose
Purpose of business policy course was to Integrate various fu…
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