Strategic Management Phase 1
Information-, External-, Internal- and Strategic Analysis
Information-, External-, Internal- and Strategic Analysis
Set of flashcards Details
| Flashcards | 13 |
|---|---|
| Language | English |
| Category | Micro-Economics |
| Level | University |
| Created / Updated | 13.01.2018 / 15.01.2018 |
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What are the the 5 Environments of a STEEP analysis?
- S: Social Environment
- T: Technological Environment
- E: Economic Environment
- E: Ecological Environment
- P: Political/Legal Environment
Name 7 stakeholders of a company:
- Supplyers
- Clients
- Employees
- Governement
- Competitors
- Shareholders
- NGO/Organisations
What are Porters 5 Forces?
- Rivalery in the industry
- Bargaining Power of Suppliers
- Bargaining Power of Clients
- Threat of new competitors
- Threat of substitutes
Name 4 possible tools for an internal analysis:
- Product Life Cycle analysis
- Value Chain analysis
- Location analysis
- Capabilitie analysis
Name the 5 Steps of the "5-Step Approach Strategic Analysis"
- Identify and classify resources
- Combine strenghts into capabilities
- Appraise profit potential for capabilities
- Select strategy that best exploits
- Identify resource gaps and invest in weakness
What of the two factors does and interal analysis identify?
The result of the internal and external analysis will help the company to define what?
The competitive stregegies of Porter
- Cost Leadership
- Differentiation
- Nice/Focus
Which two sets of activities does Porters Value Chain Analysis contain?
- Primary Activities
Inbound Logistics
Operation/Production
Outbound Logistics
Marketing Sales / Customer support
- Secondary Activities
Firm infrastructure
HR Management
Technology developement
What are the strategy options of the SWOT Analysis?
- SO/ST - Strategy
- WO/WT - Strategy
What is the goal of a SO Strategy?
Generat Strategy that takes advantage of strenghts to use opportunities.
What is the goal of a ST Strategy?
The Strategy should take advantage of strenghts to overcome threats.
What is the goal of a WO Strategy?
To take advantage of opportunities to overcome strenghts.
What is the goal of a WT Strategy?
The stragtegy is to minimize weakeneses and avoid threats.
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