Strategic Planning and Implementation (AQA A-Level Business): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
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Practise the cards
10 cards from this deck
Evaluating strategy means
Evaluating strategy means
Assessing how well strategy performs & helps achieve objectives
Continuous monitoring & review
Continuous monitoring & review
Regularly checking strategy progress throughout implementation
Strategic drift occurs when
Strategic drift occurs when
Strategy becomes less suitable due to external changes
Market analysis tests
Market analysis tests
Whether initial assumptions about the market were accurate
Primary market research is
Primary market research is
Collecting new data directly from customers
Secondary market research is
Secondary market research is
Analysing existing data from reports and statistics
Management information systems
Management information systems
Computer systems that collect & process departmental data
Enterprise Resource Planning (ERP)
Enterprise Resource Planning (ERP)
Integrated systems connecting different departments
Extrapolating trends means
Extrapolating trends means
Projecting current patterns into the future
Why monitor competitive environment?
Why monitor competitive environment?
To spot external factors causing strategic drift early
