Value Creation
This forms the middle of the business model canvas, and speaks to the customer needs
What is a value proposition?
*These are the resources a company owns and are listed on the left side of the balance sheet.
What are assets?
This type of strategy focuses on creating new market space with little competition, instead of fighting rivals in crowded industries
What is a Blue Ocean strategy?
This is what ESG is an abrivation for.
What is Enviromental, Social, and Governance.
IT alignment is described as an ongoing journey rather than a final destination. What is this process called?
What is continuous alignment?
This is the box that explains your profits in the business model canvas.
What is revenue streams?
This financial statement is described as a snapshot of what a company owns and owes at a specific point in time.
What is the balance sheet?
This strategic framework examines Political, Economic, Social, Technological, Legal, and Environmental forces affecting a company.
What is PESTLE analysis?
The three keywords which defines Circular Economy
Danske Bank’s scandal showed a major failure in this area, where IT systems, business strategy, and regulatory requirements did not match.
What is Business–IT alignment?
Give an example of value co-destruction.
A business must achieve both profitability and this second condition to survive, the ability to meet its short-term financial obligations.
What is liquidity?
This strategic analysis tool evaluates how attractive an industry is by examining rivalry, new entrants, buyer power, supplier power, and substitutes
What is Porter’s Five Forces?
This concept explains that improvements in efficiency often lead to cost reduction that provide the possibility of higher consumption
What is Rebound Effect?
The concept that value is created by producers and consumers when they interact.
What is value co-creation?
describes the entire set of activities a company performs to bring a product or service from conception to its end-use and beyond
What is a Value Chain?
This core financial concept explains that resources are limited and choosing one use of them means giving up the next best alternative.
What is opportunity cost?
This framework explains that some businesses create value by producing goods, others by solving unique problems, and others by mediating interactions between users
What are the three value configurations (Value Chain, Value Shop, and Value Network)?
Mention 2 out of the 4 parts of a balanced scorecard
What is: Financial, Customer, Internal Processes, and Learning and Growth?
This type of leadership is crucial for keeping IT and business units aligned, because it provides a clear direction and motivates teams to work toward shared goals.
What is visionary leadership?
The Value Proposition consists of two different models that fit together. What are these models called?
What is Customer Profile? And what is Value Map?
Two companies can report identical profits yet face very different financial realities because of timing differences in materials, debtors, and payments. This concept explains why
What is the difference between cash flow and profit?
According to Porter, this is what allows a company to outperform rivals not by doing the same things better, but by performing different activities.
What is strategic positioning?
This method is used to measure the entire environmental impact of a product from birth to disposal.
What is Life-Cycle Assessment(LCA)?
Some companies copy existing competitors but add layers of extra features, making their product more advanced
What is complex imitation?