intro to planning
strategic management
SWOT analysis + Pest +C
BCG matrix
fun
100
what does SMART stand for?
Specific
Measurable
Attainable
Realistic
Timely
100
name a brand that expanded their operation using e-buisness
ask mr j if it counts/ must have a website where you can purchase something or holds nessicary info
100
what does the SWOT anaylisis examin?
internal vs external
100
what are the 4 catagories called?
stars, cash cow, question mark, dog
100
hawk tuah girl podcast name
Talk Tuah
200
name 1 reason to plan
1) Sets Directions & Priorities
2) Gets Everyone on the Same Page
3) Simplifies Decision Making
4) Strategy Drives Alignment
5) Clarity + Communicate the Message
200
name the diffrence between horizontal and vertical intergation
Horizontal Integration
Expand company by buying or merging with other corporations in the same industry
Vertical Integration
Company buys its suppliers or distributors
200
name 1 key benefit from using SWOT analyisis
Simple to do and practical to use;
Clear to understand;
Focuses on the key internal and external factors affecting the company;
Helps to identify future goals;
Initiates further analysis.
200
what is on the y axis of the BCG matrix?
Market growth
200
what is mr J's first name?
Matthew
300
If planning is done properly it sets the stage for : ____, ____, ____
organizing, leading and controlling
300
name a buisness who used product developpement
ask mr j if it counts/ google
300
what does SWOT stand for?
strengths
weaknesses
opportunities
threats
300
what strategys should be used with cash cows?
holding/investing just enough to keep in the same position
300
madelines favourite colour
lavender
400
what is the diffrence between single use vs standing use plans? be specific or use examples
single use: used only one and for unique situations
standing use: Designed to be used again and again , ex: rules and procedures
400
How does a corporation test if it has a good mission statement?
by checking with
Employees / Customers / Shareholders / Suppliers / Creditors / Community / others
400
name the 5 pest + C anaylisis levels
political
economic
social
technology
competition
400
name an example of a star
ask mr j if it counts
400
in the porters 5 forces, what is the most attractve barrier/segment?
The most attractive segment is one in which entry barriers are high & exit barriers are low.
500
what is benchmarking?
Using external comparisons to understanding what is occurring in your company
500
name a Retrenchment Strategie and an example
Restructuring
Change operations to achieve efficiencies and increase performance
Downsizing
Decreasing the size of the company
Laying off workers to reduce costs
Divestiture
Selling off part of the company
500
Name 3 examples of economic in the Pest + C analisis
Stage in business cycle
Interest rate
Canadian $
Inflation rate
Unemployment rate
Supplier power
Buyer power
Stage in product life cycle
500
what is the term used for:
Poor competitive position in a growing industry
Low market share/high growth
question marks
500
what NLF cheer team got their own netflix show?
dallas cowboys cheerleaders