Strategy

Front 1

What is Environmental Scanning?

Back 1

(MED)
Monitoring
Evaluation
Dissemining
Information
both Internally and Externally
To Key People.

Front 2

Does Societal Environment affect long term decisions?
What affects short term?

Back 2

Yes

Task Environment

Front 3

What the the 4 variables of Societal Environment?

Back 3

STEP
Socio-Cultural
Technological
Economic
Political-Legal

Front 4

Name the three environments that make up Environmental Schanning?

Back 4

(Sit)
Societal Environment
Internal Environment
Task Environments

Front 5

What is an industry analysis?

Back 5

In-depth examination of key factors with corporations task environment.

Front 6

What is meant by task environment?

Back 6

During External Environmental Scanning, it is the industry's groups that effect the corporation. Includes governments, local community, suppliers, competitors, customers, creditors, employees and labor union.

Front 7

The is a positive relationship between environmental scanning and _________________?

Back 7

Profits

Front 8

Internal Environment refers to?

Back 8

An environment to scan that includes organization structures, culture and resources.

Front 9

A Tool that can help identify External Strategic Factors?

Back 9

Issues Priority Matrix

Front 10

How is an Issues Priority Matrix Created

Back 10

1) id trends is societal or external environment.
2) Assess Prob of trends occuring.
3) Assess impact of the trends if they happen.

med and high, probability and impact are External Strategic Factors.

Front 11

What are the 5 Porter Forces?

Back 11

1) Threat of Entrants
2) Threat of substitutes
3) Bargaining power of suppliers
4) Bargaining power of buyers
5) Rivalry amoung the firms in the industry.

Front 12

What are 7 entrance barriers to entering a industry?

Back 12

1) Patents
2) Governamental Regulations
3) Distribution Channels
4) Built in switching costs for customer
5) Capital Requirements
6) Product Differentiation. (Coke)
7) Necessary Economy of Scale/

Front 13

What are 6 factors increasing power of buyers?

Back 13

1) Buyer purchases majority of the product sold.
2) Buyer can integrate backward by producing the product.
3) Little switching costs
4) Buyer is price sensitive.
5) Product can be substituted.
6) Product is a Commodity

Front 14

What are 7 factors increasing power of suppliers?

Back 14

1) Few competitors but many customers.
2) It is costly for the buyer to switch.
3) Substitutes not easily availables.
4) Suppliers can integrate forward and compete with you for present customers.
5) You represent a small portion of their market.

Front 15

What 7 factors influences rivalry among firms in a industry.

Back 15

1) Lack of growth
2) Commoditization
3) Large amoung of Fixed Costs
4) Capacity
5) Height of Exit Barriers
6) Diversity of rival - cross bbarriers frequently.