5.4 Assessing strategic capability Flashcards Preview

Development of Strategy - Nov 2021 > 5.4 Assessing strategic capability > Flashcards

Flashcards in 5.4 Assessing strategic capability Deck (10)
Loading flashcards...
1
Q

In value chain analysis, Michael Porter separates the structure of the organisation into primary ________ and secondary _________.

A

Activities

2
Q

Give examples of primary activities in Porters’ value-chain analysis.

A
Inbound logistics
Operations
Outbound logistics
Marketing and sales
Service
3
Q

Give examples of secondary activities in Porters’ value-chain analysis.

A

Procurement
Technology development
Human resource management
Firm infrastructure

4
Q

Gap analysis is an important method of enabling the people leading an organisation to determine which aspects of the operational flow, resources and the capabilities are operating as intended, and which areas may need _________.

A

attention

5
Q

Lynch (2015) suggests a natural sequence as a result of a bench-marking exercise:

1) Explore results and analyse reasons for differences
2) redefine performance targets after discussion with key employees
3) redevelop assets and systems using the learning points
4) develop new performance ___________

A

objectives

6
Q

Weilhrich (1982) inverted which acronym to approach analysis from a different angle?

A

“SWOT” rearranged to “TOWS”.

7
Q

What are the 7 S’s in the McKinsey 7S framework?

A
Structure
Strategy
Systems
Skills
Style
Staff
Shared values
8
Q

The McKinsey 7S model is split into hard and soft elements. The hard elements are:

1) strategy
2) structure
3) _______

A

Systems

9
Q

The McKinsey 7S model is split into hard and soft elements. The soft elements are:

1) style
2) staff
3) skills
4) ______ ______

A

shared values

10
Q

A practical method of use within an organisation of the McKinsey 7S model is to create a ______ which requires each cell to be completed in recognition of how resources and capabilities of the organisation can be utilized to achieve competitive advantage.

A

matrix

Decks in Development of Strategy - Nov 2021 Class (79):