Study sets matching "business strategy analysis"
Study sets
Classes
Users
Mission Statement
Corporate Strategy
Strategic Objectives
Functional Objectives
A brief statement which describes the overall purpose of an or…
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 bus…
Mission Statement
A brief statement which describes the overall purpose of an or…
Corporate Strategy
An overall plan with clearly defined objectives that provides…
Strategic Planning
Mission Statement
Entity Values
Objectives
Sequence of interrelated procedures for determining an entity'…
Provides expression of the purpose and range of entity activit…
The underlying beliefs that govern the operations of an entity…
The desired, measurable results the the entity seeks to achiev…
Strategic Planning
Sequence of interrelated procedures for determining an entity'…
Mission Statement
Provides expression of the purpose and range of entity activit…
Planning process
Macro-environmental analysis
PEST
PESTEL
1) Mission Statement, (SMART Goals) 2) Assess environment, (PE…
part of understanding the overall operating environment and ch…
Political: stability, tax policy, labor, environmental policy.…
Political, economic, social, technological, Environmental: wea…
Planning process
1) Mission Statement, (SMART Goals) 2) Assess environment, (PE…
Macro-environmental analysis
part of understanding the overall operating environment and ch…
"strategic planning."
Explain an entity's values and the oper…
Identify the major steps in a strategic…
Identify four economic factors that sho…
The broad definition of long term planning. ... Strategic planni…
Values are the core principles and pillars of the company's be…
1. The conceptual stuff - Mission, values, and objectives Sw... 2…
1. Economic structure, stability and growth rate... 2. Interest r…
"strategic planning."
The broad definition of long term planning. ... Strategic planni…
Explain an entity's values and the oper…
Values are the core principles and pillars of the company's be…
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 t…
-You require a strategy to reach your objectives
-The long term plans of a business... -Details how objectives wil…
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 t…
What is price elasticity of demand?
How do you calculate percentage change?
How do you calculate price elasticity o…
How do you know if the product is price…
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 quantity Dema…
-If the number is less than 1, the good has an inelastic deman…
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
How do you form a pie chart?
How to construct a histogram?
Why are index numbers used?
How do you convert a value into an inde…
Divide the figure you want to present by the total figure and…
-Find the class width.... -The area of the bar represents the fre…
-In order to make numerical data easier to understand
value in period... --------------------- x 100 ... value in base per…
How do you form a pie chart?
Divide the figure you want to present by the total figure and…
How to construct a histogram?
-Find the class width.... -The area of the bar represents the fre…
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 e…
To articulate needs and the rationale for change, and to desig…
Receives change requests... Evaluates requests... Defines product sc…
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 e…
Strategy Formulation
Situation Analysis
SWOT
SWOT
Strategic planning that is concerned with developing a corpora…
The process of finding a strateic fit between external opportu…
Strengths, Weaknesses, Opportunities, Threats
Identifies core competencies, capabilities, and resources a fi…
Strategy Formulation
Strategic planning that is concerned with developing a corpora…
Situation Analysis
The process of finding a strateic fit between external opportu…
Strategic Planning Proces
Mission Statement
Entity Values
Objectives
Establish mission, values, and objectives... Assess entity and en…
expression of purpose and range of activities
underlying beliefs that govern the operations of an entity
desired, measurable results the entity seeks to achieve relate…
Strategic Planning Proces
Establish mission, values, and objectives... Assess entity and en…
Mission Statement
expression of purpose and range of activities
pie chart
bar chart
histogram
line graph
a circular chart split into sectors to show percentages or the…
discrete data is grouped into categories and is shown using ba…
continuous data is shown using bars where the area of the bar…
used to compare 2 variables
pie chart
a circular chart split into sectors to show percentages or the…
bar chart
discrete data is grouped into categories and is shown using ba…
Strategic planning provides purpose and…
The strategic planning process is an in…
The strategic planning process is an in…
Components of interrelated processes th…
...
...
...
...
Strategic planning provides purpose and…
...
The strategic planning process is an in…
...
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. o…
provides expression of the purpose and range of entity activit…
est. the underlying beliefs that govern operations and how rel…
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. o…
Swot analysis
Strengths
Weaknesses
Opportunities
Method for analysing a business, it's resources and its enviro…
Features within the control of a business that are a source co…
Features within the control of a business that are a source of…
Features of the external environment that create opportunities…
Swot analysis
Method for analysing a business, it's resources and its enviro…
Strengths
Features within the control of a business that are a source co…
What is strategic planning?
What is a mission statement?
What are entity values
What are objectives?
A sequence of interrelated procedures for determining an entit…
an expression of the purpose and range of activities
The underlying beliefs that govern an organization, conduct
The desired results
What is strategic planning?
A sequence of interrelated procedures for determining an entit…
What is a mission statement?
an expression of the purpose and range of activities
What is investment?
What is investment appraisal?
What are the different investment appra…
What is payback period?
-Refers to the purchase of capital goods... -Capital goods are us…
-Investment appraisal is when a business evaluates an investme…
-Payback Period... -Average Rate of Return (ARR)... -Net present val…
-The payback period refers to the amount of time it takes for…
What is investment?
-Refers to the purchase of capital goods... -Capital goods are us…
What is investment appraisal?
-Investment appraisal is when a business evaluates an investme…
What is meant by special orders?
What is contribution?
What is total contribution?
What factors have to be considered befo…
-When businesses receive orders that differ in terms of the pr…
A quantitative method to examine the value and impact of a spe…
contribution per item x no of items sold
-Capacity... -Labour demands... -Future orders- could the special or…
What is meant by special orders?
-When businesses receive orders that differ in terms of the pr…
What is contribution?
A quantitative method to examine the value and impact of a spe…
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 w…
Written statement that states the purpose of an organisation a…
-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 w…
What is a mission statement?
Written statement that states the purpose of an organisation a…
What is meant by sales forecasting?
Why is sales forecasting useful?
What factors can affect the reliability…
What are some qualitative forecasting t…
-Sales forecasting is the process of predicting future sales l…
Helps inform a wide range of business activities such as:... -Wor…
-Expertise of forecasters... -Research methods and sampling used…
-Delphi method... -Intuition... -Brainstorming... -Qualitative market r…
What is meant by sales forecasting?
-Sales forecasting is the process of predicting future sales l…
Why is sales forecasting useful?
Helps inform a wide range of business activities such as:... -Wor…
Aggressive quadrant (p. 173)
Attractiveness scores (AS) (p. 186)
Board of directors (p. 191)
Boston Consulting Group (BCG) matrix (p…
In a SPACE matrix analysis, when the firm's directional vector…
In a QSPM, the numerical value (rating) that indicates the rel…
A group of individuals above the CEO, who have oversight and g…
A four quadrant, strategic planning analytical tool that place…
Aggressive quadrant (p. 173)
In a SPACE matrix analysis, when the firm's directional vector…
Attractiveness scores (AS) (p. 186)
In a QSPM, the numerical value (rating) that indicates the rel…
Which of the following activities is mo…
The measurement of post‐performance cha…
Which of the following identifies a fra…
Which of the following is not a generic…
Formulating mission statement... Formulating its mission statemen…
Evaluation and control... Evaluation and control is concerned wit…
Five forces... The five forces framework developed by Michael Por…
First-to-market... First‐to‐market is not one of the three generi…
Which of the following activities is mo…
Formulating mission statement... Formulating its mission statemen…
The measurement of post‐performance cha…
Evaluation and control... Evaluation and control is concerned wit…
Aggressive quadrant (p. 173)
Attractiveness scores (AS) (p. 186)
Board of directors (p. 191)
Boston Consulting Group (BCG) matrix (p…
In a SPACE matrix analysis, when the firm's directional vector…
In a QSPM, the numerical value (rating) that indicates the rel…
A group of individuals above the CEO, who have oversight and g…
A four quadrant, strategic planning analytical tool that place…
Aggressive quadrant (p. 173)
In a SPACE matrix analysis, when the firm's directional vector…
Attractiveness scores (AS) (p. 186)
In a QSPM, the numerical value (rating) that indicates the rel…
Business Strategy
Collusion
Common Thread
Competitive Scope
Competitive and cooperative strategies that emphasize improvem…
The active cooperation of firms within an industry to reduce o…
A unifying theme for the whole organization to rally around an…
The breadth of a company's or a business unit's target market
Business Strategy
Competitive and cooperative strategies that emphasize improvem…
Collusion
The active cooperation of firms within an industry to reduce o…
Aggressive quadrant
Attractiveness scores
Board of directors
Boston Consulting Group matrix
In a SPACE matrix analysis, when the firm's directional vector…
In a QSPM, the numerical value (rating) that indicates the rel…
A group of individuals above the CEO, who have oversight and g…
A four quadrant, strategic planning analytical tool that place…
Aggressive quadrant
In a SPACE matrix analysis, when the firm's directional vector…
Attractiveness scores
In a QSPM, the numerical value (rating) that indicates the rel…
Situational Analysis: SWOT Approach
SWOT
Criticisms of SWOT Analysis
Generating a Strategic Factors Analysis…
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. Some…
The SFAS (Strategic Factors Analysis Summary) Matrix summarize…
Situational Analysis: SWOT Approach
Strategy formulation, often referred to as strategic planning…
SWOT
SWOT is an acronym used to describe the particular Strengths,…