Micro Enviroment Flashcards
(12 cards)
Micro
(HAPPPFMG)
Human Resources, Admin, Production, Purchasing, Public relations, Financial, Marketing, General management
Marketing mix
7Ps
Price, product, place, promotion, people, process, physical evidence
General management
POLC, Quality performance, goals & objectives, communicating vision and mission
Human Resources
Appointment of skilled staff, fair selection, fair renumeration
Public relations
Brand image, service delivery, quality, CSR/CSI
Purchasing
Find correct: supplier, quantity. Keep: stock level correct. Order at correct time. Relationship with supplier
Production
Maintenance of equipment, safety regulations
Financial
Fund applied effectively, sticking to and creating budgets, investing surplus
Admin
Ensuring Debtors pay on time and are communicated with. Technology. Accuracy. Up to date
Tools
S & W of SWOT, resource based analysis, balanced scorecard
Resource based analysis
Evaluating internal strengths
Balanced scorecard
Measuring Organisational performance from financial, customer, internal processes, learning and growth