Michael Porter
Porter's 5 different forces
What is:
1 Level of rivalry
2 Power of customers
3 Power of suppliers
4 Threat of substitutes
5 Threat of new entry
What is the model for growth called?
What is:
Ansoffs Growth matrix
What does SWOT stand for?
What is:
Strengths, Weaknesses, Opportunities & Threats
Name a situation that makes change in a business model vital
Situation has to be approved by Dorthe Pernille
Name the 4 factors within the macroeconomic factors:
The three models by Porter featured in the VØ book.
What are the Five forces, value chain, & generic strategies?
What does PESTEL stand for?
What is:
Political, Economical, Social, Technological, Environmental & Legal.
Define what it means to be an agile or rigid company?
What is:
Agile companies are flexible and able to respond quickly to changes in their environment.
Rigid companies respond slowly to changes in their environment. It is in the company's nature to bide time and await events.
The business model of this company is based around a digital platform which makes it possible for private individuals to rent out apartments or holiday homes, for example. Airbnb does not own any of the homes that are rented out. Instead, the company generates its revenue by charging a fee from both the host and the guest.
Name the SPECIFIC company
Name a company that has been accused of green-washing within the past year
Fifa, Ikea, Volkswagen, H&M
Three activities of Porter's value chain.
Company infrastructure, HR, product & technology development, Procurement / supplies, Inbound logistic. operations, outbound logistics, marketing & sales, After-sales service.
Mention all the elements included in the Business Model Canvas
What is:
Key Partners, Key activities, Key resources, Value proposition, Customer relation, Customer Segment, Channels, Cost structure, Revenue streams.
What is a plus/minus analysis?
What is:
A list of pros and cons, in which you consider the advantages and disadvantages of a given proposal
Name each of the following:
Strength:
Weakness:
Opportunity:
Threat:
Answer just has to be approved by Dorthe Pernille
Diversification is part of which model?
Ansoff's growth matrix
Define what focused differentiation strategy is? (Answer must include company size and competitive position)
A company that chooses to sell a unique product to a small part of the market, i.e. use focused differentiation as a competitive strategy. It is often easier to rely on this strategy than the cost focus strategy. Focused differentiation makes it possible to achieve relatively high selling prices. The company might not become one of the largest players in the industry, but its competitive position is relatively secure and not easily threatened by the biggest competitors.
What is traditional thinking and proactive thinking in terms of creating a strategic plan?
Traditional thinking is a more rational method of thinking, where the focus lies on what has happened in the past and up until the present time, when defining new strategic options for the future.
Proactive strategic thinking, on the other hand, starts by looking at the future. As a concept, being proactive involves acting in advance of a future situation, rather than just reacting when forced to do so.
What are the 3 terms described in "other external factor" in systime?
What is:
1. Consumer behaviour
2. Digitalisation
3. Disruption
Name the 3 comprised groups of growth strategies in the expanded growth matrix model
(An expanded version of Ansoff's growth matrix)
Intersification, Diversification & integration
which of the following are part of external analyses and which are part of internal analyses:
Porter's 5 forces, Ansoff's growth matrix, Porter's Value Chain, Porter's generic strategies, Company's financial situation, & macroeconomic factors
Answer:
Internal: Porter's Value Chain, Porter's generic strategies, Ansoff's generic strategies, & financial situation
External: Porter's 5 forces & macroeconomic factors
Is the Value Chain the same for all companies?
(Give a detailed answer, that has to be approved Amanda & Laura)
No, Value Chain are applied differently to companies depending on whether they are a service, production or trading company.
For example a trading company carries out no product but rather warehousing where they supply their customer, therefore the product development activity may be substituted by protofolio development
(Answer must include clear distinguish between the 2, along with a definition of each)
Inbound logistics includes all the activities related to the company’s ordering, external transport, reception and inventory control, as well as the internal transport and storage of raw materials. It also covers supplying the raw materials which have been ordered to the production department.
Outbound logistics are responsible for receiving the manufactured finished goods from the production department as well as their subsequent storage, dispatch and distribution. It also includes receiving orders from customers.
Answer has to be approved by Dorthe Pernille
What are the 4 requirements for a strategic plan to be or take into consideration of?
( The answer are the 4 requirements directly described in Systime 22.1)
What is:
- Consistent
- Competitiveness
- Dynamic
- Realistic
Name the element in the strategic process model?
(Answer must include ALL the elements included in the model from systime)
What is:
Business Model Canvas
External analyses: Porter's five forces, Macroeconomicfactors, Other external factors, SWOT
Internal analyses: The companies financial situation, Porter's value chain, Porter's generic strategies, Ansoff's growth matrix, SWOT
Strategic opportunities, Choice of strategic plan, Revised BMC
What is meant with "Creditwortiness" according to systime? It depends on what?
What is: