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12 Cards in this Set

  • Front
  • Back

How to develop infrastructure

Back (Definition)

Corporate Objectives

Objectives set a long the way to achieving mission statement

Objectives Hierarchy

Aims


Mission statement


Corporate objectives


Functional objectives

SWOT Analysis

S-strengths


W-weakness


O-opportunities


T-threats

Benefits of SWOT analysis

Assists strategic thinking


Low costs

Drawbacks of SWOT analysis

Subjective- depends on the managers decision


Not a clear solution

Profitability Ratio

Good measure of the companies success

Efficiency Ratio

Shows how well an aspect of a business is being manager

Liquidity Ratio

Measures the companies ability to pay off debts

Gearing Ratio

Shows borrowed finance

Current Ratios

Compared current assets with current liabilities

Core Competencies

The unique abilities a business posses to have a competitive advantage.