3.9 Strategic methods: how to pursue strategies

Question 1

The reasons why businesses grow or retrench

Question 2

Types of growth to include organic and external

Question 3

The difference between organic and external growth

Question 4

How to manage and overcome the problems of growth or retrenchment

Question 5

economies of scale (including technical, purchasing and manageria

Question 6

economies of scope

Question 7

diseconomies of scale

Question 8

the experience curve

Question 9

synergy

Question 10

overtrading

Question 11

Greiner’s model of growth.

Question 12

The impact of growth or retrenchment on the functional areas of the business

Question 13

Assessing methods and types of growth

Question 14

mergers, takeovers,

Question 15

ventures, franchising

Question 16

vertical (backward and forward), horizontal and conglomerate integration

Question 17

The pressures for innovation

Question 18

product and process innovation.

Question 19

The value of innovation

Question 20

The ways of becoming an innovative organisation

Question 21

Kaizen

Question 22

research and development

Question 23

intrapreneurship

Question 24

benchmarking

Question 25

How to protect innovation and intellectual property

Question 26

patents and copyrights.

Question 27

The impact of an innovation strategy on the functional areas of the business

Question 28

Reasons for targeting, operating in and trading with international markets

Question 29

Methods of entering international markets include: export licensing alliances direct investment

Question 30

Factors influencing the attractiveness of international markets

Question 31

Reasons for producing more and sourcing more resources abroad

Question 32

Decisions regarding producing overseas include off-shoring and re-shoring.

Question 33

Ways of entering international markets and value of different methods

Question 34

Targeting overseas markets may include being a multinational.

Question 35

Influences on buying, selling and producing abroad

Question 36

Managing international business including pressures for local responsiveness and pressures for cost reduction

Question 37

Bartlett and Ghoshal’s international, multi-domestic, transnational and global strategies.

Question 38

The impact on internationalisation for the functional areas of the business

Question 39

The pressures to adopt digital technology

Question 40

e-commerce, big data, data mining and enterprise resource planning (ERP).

Question 41

The value of digital technology

Question 42

The impact of digital technology on the functional areas of the business