Bec Su 15 Strategic Planning And Budgeting Concepts

Front 1

Steps in strategic management

Back 1

1. Mission statement
2. SWOT analysis
3. Strategy
4. Implementation
5. Controls
6. Feedback

Front 2

Generic Competitive strategies model

Back 2

1. Cost leadership
2. Differentiation
3. Cost focus
4. Focused differentiation
5. Graphic depiction

Front 3

5 Operations strategies

Back 3

1. Cost strategy
2. Quality strategy
3. Delivery strategy
4. Flexibility strategy
5. Service strategy

Front 4

Product Life Cycle

Back 4

1. Precommercialization
2. Introduction stage
3. Growth stage
4. Maturity Stage
5. Decline stage

Front 5

Occurs when the combination of formerly separate elements has a greater effect than the sum of their individual effects

Back 5

Synergy

Front 6

Product life cycle where
Product development
No Sales
High investment cost

Back 6

Precommercialization

Front 7

Product life cycle where
Slow sales growth
Lack of profits
Higher income customers targeted

Back 7

Introduction

Front 8

Product life cycle where
Sales & Profit increase rapidly
cost per customer decreasing

Back 8

Growth

Front 9

Product life cycle where
Sales peak but growth declines
Per customer cost is lost

Back 9

Maturity

Front 10

Product life cycle where
sales and profits drop as prices are cut and come entities leave market

Back 10

Decline