The Strategic Management Process and Industrial Analysis Tools (Grade 12 NSC Matric Business Studies): Flashcards
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Strategy
Strategy
Deliberate course of action to achieve business goals
Strategic management process
Strategic management process
How orgs define, develop & implement strategies
Strategic management cycle nature
Strategic management cycle nature
Continuous cycle requiring ongoing monitoring & adjustment
Industrial analysis tools
Industrial analysis tools
Techniques to analyse different business environments
SWOT analysis
SWOT analysis
Examines internal & external business environments
SWOT internal factors
SWOT internal factors
Strengths (excels) & Weaknesses (underperforms)
SWOT external factors
SWOT external factors
Opportunities (positive) & Threats (negative impacts)
Porter's Five Forces Model
Porter's Five Forces Model
Analyses 5 competitive forces affecting business position
Porter's 5 forces
Porter's 5 forces
Suppliers, buyers, new entrants, rivals, substitutes
PESTLE factors
PESTLE factors
Political, Economic, Social, Technological, Legal, Environmental