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Flashcards in Strategic Plans and Risk management Deck (6)
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1
Q

Mintzbergs 5 p’s of strategy

A
Plan
Ploy 
Pattern
Position 
Perspective
2
Q

4 stages of Rational Planning Model

A

External/internal factors
Corporate Appraisal
MIssional Goals and Objectives
Gap Analysis

3
Q

What is the positioning-based view and the resource-based view?

A
Postitioning = identifying opportunities in the environment
Resource = capabilities of the business and people
4
Q

PESTEL Stands for

A
Political
Environmental
Social
Technological
Economical
Legal
5
Q

Primary Activities of a business

A

Directly related to production, operations, sales, marketing, delivery and service

6
Q

Do you Build/Hold/Harvest/Divest

Stars, Cash cows, Question Marks, Dogs

A

Stars - build
Cash Cows - Hold/Harvest
Question Marks - Harvest/Build
Dogs - Divest/Hold