Flashcards
STMG391
Cards in this deck (18)
- 1Name the 5 components to an External Anaylsis1. Industry Profile
2. Driving Forces
3. Porters Five Forces
4. Key Success Factors
5. Competitor Profiles and Strategic Groups - 2Name the 4 components to an Internal Anaylsis1. Strategic Profile
2. Financials
3. VRIO & Value Chain Analysis
4. Core Competency - 3Where do the issues stem from, and what must they include?Come from the external and internal analysis and must include examples from the models.
- 4What is Risk Management concerned with?The main risks involved with the strategy and how to overcome them.
- 5What is involved in the Option Evaluation?Evaluating both strategies looking at the positives & negatives.
Must also involve an appendices. - 6What should the 'Financials" part of the internal analysis include?Ratios discussing profitability, leverage and liquidity. As well as the overall picture and implications.
- 7Name five things that are included in the Strategic ProfileCulture, business segments, products, strategic intent, size, vision and mission.
- 8A Core Competency must be...?Rare, difficult to imitate, valuable and organised to take advantage. Must be extendable to other industries.
- 9Name four support activities in a Value Chain AnalysisInfrastructure, HRM, Technology & Procedurement
- 10Name 5 primary activities in a Value Chain AnalysisInbound logistics, outbound logistics, service, operations & marketing and sales.
- 11KSF are specific to what?The industry
- 12How many KSF should you have?2-4
- 13What does VRIO stand for?Valuable
Rare
Imitate
Organisation - 14Name the Porters Five Forces:Threat of new entrants
Bargaining power of buyers
Bargaining power of suppliers
Competitive rivalry
Substitutes - 15Name the 5 components to Driving Forces:Political/Legal
Economic
Socio-cultural
Technological
Environmental - 16What are the 5 components to a Competitor Profile Table?Competitive Scope
Strategic Intent
Market Share Objective
Competitive Position
Competitive Strategy - 17What are Strategic Groups?Groups or firms who follow similar strategies using similar resources.
- 18Name 5 components of an Industry Profile:Market size, growth rate, life cycle stage, competitive rivalry, customer type, ease of entry/exit
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- Flashcards on STMG391, created by Kelsey Hoare on 15/06/2015.
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- Kelsey Hoare
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