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Flashcards by Pavindeep Dosanjh, updated more than 1 year ago
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Created by Pavindeep Dosanjh
over 5 years ago
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Description
| Question | Answer |
| What are the stages included within Porters 5 Forces? | Competitive Rivalry Threat of Entry Threat of Substitution Buyer Power Supplier Power |
| What is the purpose of a PESTEL Analysis? | The PESTEL analysis assesses the external environment and determine how certain factors are likely to affect the business in the long-term |
| What is the purpose of Porters 5 Forces? How is it measured? | Porters 5 Forces framework assesses the attractiveness of an industry. It is measured on a high/low scale. Meaning that if it measures at high the industry is considered unattractive to enter as the competition is likely to be too high to compete against, vice versa. |
| What is the purpose of a Value Chain Analysis? | A VCA analysis assesses if whether or not there is a demand for some type of value in the goods/services they purchase or obtain. |
| What are the frameworks used in order to assess an organisation internally? | Internal Audits Capabilities Assessment Profile (CAP) Value Chain Analysis (VCA) |
| What are the frameworks used in order to form an external analysis? | PESTEL Analysis Porters Five Forces |
| What is the purpose of the five primary activities of the VCA Analysis? | To create customer value |
| What are the aims of the four support activities within the VCA Analysis? | To support primary activities and each other |