Business goals
Which business goal is this an example of:
Grow an email list of 5000 new subscribers in 12 months
Growth
What does S, W, O and T stand for?
Strengths, Weaknesses, Opportunities and Threats
Four
The people in control of the business
Internal operating - owners and managers
The two business ownership structures that owners have unlimited liability
Sole trader and partnerships
Reduce operating costs by 10% in 18 months
Profitibility
Your analysis needs information and _ _ _ _ to be eligible for an A or B response
Data
Which criterion have you learned in preparation for your exam?
Effectiveness
Which factor is this:
People that work for the organisation
Internal operating - employees
A business that is formed to provide goods, services or funds to a particular concern or benefit a community.
Not-for-profit
Improve employee skills in retail service
Employment
Which quadrant does this statement belong to:
The business has over 400 stores in Australia with a strong market presence.
Strengths
What should your last sentence of your evaluation include?
Recommendation
Which factor is this:
Unions encouraging workers striking for better rates of pay
External operating - Interest groups
What is the structure of a business with 'Ltd' at the end
Public Company
Increase competitiveness by quality
Market share
Which quadrant of a SWOT does this statement belong to:
High inflation rate is negatively impacting the business.
Threats
How many marks is evaluation?
7
Which factor is this:
Increasing inflation rates
Macro: economic
What does GOC stand for?
Government owned corporations
Identify and understand customer needs and expectations
Societal needs and wants
After a SWOT analysis, an interpretation is needed with future implications for the business. What does the ISMG state you need to include in your interpretation?
HINT:
_ _ _ _ _ _
R _ _ _ _ _ _ _ _ _ _ _ _
Trends and relationships
What does effectiveness measure?
‘To what degree has the business achieved goals and/or objectives and to what extent has the business solved targeted problems?’
Which factor is this an example of:
Ageing population
Macro - socio cultural
What is the structure of a business with 'Pty Ltd' at the end
Private company