Ba 470J Mid Term

Front 1

strategy

Back 1

management's action plan for running the business and conducting operations

Front 2

Business model

Back 2

the company's storyline for how the strategy will be a money-maker. top to bottom line

Front 3

three tests of a winning strategy

Back 3

performance test
competitive advantage test
goodness of fit test

Front 4

what are the 5 tests of a strategic process

Back 4

1. develop a strategic vision
2. setting objectives
3. crafting a strategy to achieve the objectives
4. implementing and executing the chosen strategy efficiently and effectively
5. evaluating performance and initiating corrective adjustments

Front 5

strategic vision

Back 5

management's views and conclusions about the dompany's direction and future product/market/customer/technology focus

Front 6

mission statement

Back 6

focuses on current business activities -- "who we are and what we do"

Front 7

corporate level strategy

Back 7

defines the businesses that the company will compete in

Front 8

business level strategies

Back 8

defines how the company will compete in those businesses

Front 9

7 steps of industry analysis

Back 9

1. dominant economic factors
2. industry's competitive forces (5 forces)
3. Driving forces of industry change
4. strategic group maps
5. competitor analysis
6. key success factors
7. conclusions: overall industry attractiveness

Front 10

What are the 5 forces?

Back 10

1. rivalry
2. new entrants
3. substitutes
4. buyers
5. suppliers

Front 11

strategic plan

Back 11

strategic vision + objectives +strategy