Toolkit!

Matrices

100

These go into a BCG

products

200

A SWOT analysis should lead to this

A strategy

300

The four quadrants of Ansoff Matrix

Market Penetration
Market Development
New Product Development
Diversification

400

The 4 nicknames for BCG quadrants

Stars, Question Marks (or problem children or wild cards), Cash Cows, Dogs

500

The name of 3 of the 4 BCG strategies

Holding strategy (for stars)

Building strategy (for ?)

Harvesting strategy (for cows)

Divesting strategy (for dogs)

Acronyms

100

The four words that make up "SWOT"

Strengths, weaknesses, opportunities, threat

200

The letters that make up "BCG"

Boston Consulting Group

300

The two axes of a BCG

Market Growth (%) and Market Share (%)

400

The three Es in STEEPLE

Economic factors, Environmental factors, and Ethical factors

500

4 examples of CBMs (there are 5 total)

Accept 4 of:
Circular supply
Resource recovery
Product life extension
Sharing
Product Service System

Planning (300 and 400 are HL only)

100

The purpose of a business plan

To make informed decisions

200

The purpose of the executive summary of a business plan

To outline org's vision and/or mission statement

300

An alternative tool to network analysis for managing a project timeline

Gantt Chart

400

On a CPA, this represents no time or activity, but shows a dependent relationship regardless

A dummy activity (accept dotted line)

500

Two limitations of using decision trees to support decision making

1. Probabilities are estimates, could be errors/biased

2. Ignores qualitative dimensions

3. Accept any other valid response

Math - must provide answer right after buzzing ( are HL only)

100

Data set is 3, 7, 12, 15, 20, x

Mean is 12. x is?

15

200

Price is $7 for hotdogs. 

Total revenue is $700

Cost of Sales is $500

Fixed cost is $200

Contribution per unit is therefore?

$2 per unit.

Cost per unit = $500/100= $5.

100 comes from TR/P

Price is $7

300

• Tyre A has an average length of use of 900 days with a standard deviation of 50 days.

• Tyre B has an average length of use of 1,000 days with a standard deviation of 300 days.

• Which tyre is more reliable?

Tyre A. Recall that the value of one standard deviation is approximately 68%.

• Approx 68% of the time, Tyre A will last between 850 to 950 days.

• Approx 68% of the time Tyre B will last between 700 to 1,300 days.

• Given the wider interquartile range for Tyre B, we could say that Tyre A is more reliable as we know with greater certainty when it will need to be replaced.

400

Calculate the predicted outcome of this situation for a business, where they are investing $2.5m:

45% chance of improved economy, which would lead to $5m

35% chance of unchanged economy, which would lead to $3m

20% chance of worsened economy, which would lead to $2m

$1.2m

improved: 5m x 0.45 = 2.25 

unchanged: 3m x 0.35 = 1.05

worsens: 2m x 0.2 = 0.4

(2.25+1.05+0.4)-2.5 = 1.2

500

Activity A: 2 weeks
Activity B: 3 weeks

Activity C (requires A to be completed): 5 weeks

Activity D (requires B and C to be completed): 3 weeks

What is the EST of activity D?

7 weeks

A+C = 7 weeks (longer time)

B = 3 weeks 

B + C both need completion

Other (HL)

100

This allows us to visualize the relationship between two variables and determine correlation

Scatter Diagram

200

If an IB business management wanted to extrapolate data, they'd use this.

Line of best fit

300

The most difficult and unreliable part of creating a forcefield analysis

Determining the values of the different forces

400

The two axes of Porter's generic strategies matrix

Competitive scope/target market 

and Competitive advantage

500

Hofstede described 6 different cultural dimensions. Three of these are individualism vs. collectivism, power distance, and masculinity vs. femininity.

Name the other 3.

Short-termism vs. long-termism

Uncertainty avoidance

Indulgence vs. restraint