AI Flashcards
(47 cards)
What does PESTLE analysis stand for?
Political, Economic, Socio-cultural, Technological, Legal, Environmental
What are the six key areas identified in PESTLE analysis?
- Political
- Economic
- Socio-cultural
- Technological
- Legal
- Environmental
What are the three variations of the PESTLE analysis technique?
- PEST (political, economic, socio-cultural, technological)
- STEEPLE (socio-cultural, technological, environmental, economic, political, legal, ethical)
- PESTEL (political, economic, socio-cultural, technological, environmental, legal)
What is the purpose of the PESTLE analysis technique?
To identify the sources of change
What does Porter’s five forces analysis examine?
Competition within the business domain or industry
What are the five categories examined in Porter’s five forces analysis?
- Industry competitors
- Potential entrants
- Substitutes
- Buyers
- Suppliers
What is Ansoff’s matrix used for?
Defining business strategy
What are the four quadrants in Ansoff’s matrix?
- Market penetration
- Market development
- Product development
- Diversification
What is the purpose of the growth share matrix?
To aid portfolio management and assess an organization’s products and services
What are the four quadrants in the growth share matrix?
- Star
- Cash cow
- Question mark
- Dog
What does the resource audit analyze?
Key areas of internal capability
What are the key areas analyzed in a resource audit?
- Financial
- Physical
- Human
- Reputation
- Know-how
What is the purpose of VMOST analysis?
To analyze an organization’s vision, mission, objectives, strategy, and tactics
What does VMOST stand for?
Vision, Mission, Objectives, Strategy, Tactics
What are the elements of VMOST?
- Vision
- Mission
- Objectives
- Strategy
- Tactics
What does VMOST stand for?
Vision, Mission, Objectives, Strategies, Tactics
What are the factors to consider when applying VMOST analysis?
- Is there a defined VMOST for the organisation? Is it complete and consistent?
- Is the VMOST sensible and achievable given the internal resources and external constraints?
- Does the VMOST set out a clear direction and plan?
- Are the elements of the VMOST coherent?
- Are staff members aware of the VMOST and is it available to guide their work?
- Do staff members work to deliver the VMOST?
What is a business readiness assessment?
The introduction of change into an organisation and the areas that need to be reviewed to ensure that change is possible.
What are the techniques covered in the business readiness assessment section?
Change deployment strategies, CPPOLDAT, Kanban board, Kotter change model, Kurt Lewin change model, McKinsey 7S, outcome frame
What is the difference between benefits planning and management and benefits realisation?
Benefits planning and management involves managing the benefits during the entire project to maximize the prospect of achieving them. Benefits realisation involves ensuring the predicted benefits have been achieved and identifying additional required actions.
What is a benefits review?
An evaluation conducted following the change deployment to assess how well the benefits have been managed and learn lessons for future projects.
What is a feedback grid?
A method to obtain the views of those who have been subject to the business changes.
What is a project review?
An evaluation conducted following the change deployment to assess how well the project has been carried out and learn lessons for managing future projects.
What are the different change deployment strategies?
- Direct changeover
- Parallel running
- Pilot implementation
- Phased deployment