Flashcards : Mastering Strategic Management Fundamentals — 10 cartes

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1Question

Strategic Management — process?

Réponse

Ongoing formulation, implementation, evaluation.

2Question

Strategic Management — definition?

Réponse

Ongoing process of setting and achieving long-term goals.

3Question

Environmental Scanning — purpose?

Réponse

Identify external/internal factors affecting strategy.

4Question

Environmental Scanning — purpose?

Réponse

Identify opportunities, threats, strengths, weaknesses.

5Question

SWOT Analysis — components?

Réponse

Strengths, Weaknesses, Opportunities, Threats.

6Question

SWOT Analysis — components?

Réponse

Strengths, Weaknesses, Opportunities, Threats.

7Question

Porter's Five Forces — focus?

Réponse

Competitive rivalry, suppliers, buyers, threats, substitutes.

8Question

PESTEL Analysis — factors?

Réponse

Political, Economic, Social, Technological, Environmental, Legal.

9Question

Competitive Advantage Types — examples?

Réponse

Cost leadership, differentiation, focus.

10Question

Sources of Advantage — examples?

Réponse

Unique resources, capabilities, market position.

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1. What is the 'Strategic Management Process' primarily considered to be?

2. What does the strategic management process primarily involve?

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