SBL

Question 1

What are the elements of porter’s five forces?

Answer 1

Threat of substitute products
Threat of new entrants
Bargaining power of suppliers
Bargaining power of customers
Competitive rivalry within an industry

TTBBC

Question 2

What are the elements of porter’s value chain?

Answer 2

Primary activities
Inbound logistics
Operations
Outbound Logistics
Marketing & Sales
Service

Support activities
Procurement
Human resource management
Firm infrastructure
Technology development

IOOMS & PHFT - Good for M&A assessments

Question 3

What are the elements of Porter’s competitive advantage of nations (the diamond)?

Answer 3

Factor conditions eg climate, education
Demand conditions eg customer demand
Related and supporting industries
Strategy, structure and rivalry

FDRS

Question 4

What are the elements of PESTEL?

Answer 4

Political
Economic
Social
Technological
Environmental
Legal

Question 5

What are the elements of the SAF framework?

Good for evaluating a plan or strategy

Answer 5

Suitability
Acceptability
Feasibility

Question 6

What are the 7 Ps/Marketing mix?

Answer 6

Product
Price
Promotion
Place

People
Processes
Physical evidence

Question 7

What are the 6 Is for e-marketing?

Answer 7

Interactivity,
Intelligence,
Integration,
Individualisation,
Industry structure,
Independence of location

Question 8

What are the BCG Matrix elements?

Good for assessing share of a market

Answer 8

Cash cow - low growth, high market share
Stars - high growth, high market share
Question marks - high growth, low market share
Dogs - low growth, low market share

Question 9

What are the elements of Ansoff’s vector matrix? (Product market mix)

Answer 9

Ranked in terms of risk

Market penetration - existing market, existing product
Product development - existing market, new product
Market development - new market, existing product
Diversification - new market, new product

Question 10

What are the elements of integrated reporting?

Answer 10

Financial
Intellectual
Social
Human
Manufacturing
Natural

Question 11

What are the benefits of integrated thinking?

Answer 11

Holistic perspective
Consideration of short and long term
Adding value
Sustainable growth
Improved reputation and governance
Connectivity

LASHIC

Question 12

What are the elements of the rational model?

Answer 12

Missions & Objectives
Corporate Appraisal
Strategic Option Generation
Strategic Evaluation & Choice
Strategic Implementation
Review & Control

SWOT Section
Internal Resource analysis (linked to Mission & Objectives + Corporate Appraisal)
Environmental analysis (Only linked to corporate appraisal)

Question 13

What are the key elements of the corporate governance code?

Answer 13

Board leadership
Remuneration
Evaluation
Audit/accountability
Division of responsibilities

BREAD

Question 14

What are the concepts underpinning corporate governance?

Answer 14

Honesty
Accountability
Responsibility
Diversity
Fairness
Openness
Reputation
Integrity
Judgement
Independence
Transparency

HARDFORIJIT

Question 15

What are the recommend committees under the UK corporate governance code?

Answer 15

Remuneration committee
Audit committee
Nominations committee
Risk committee (optional)

RANR

Question 16

What are the Mendelow’s Matrix elements?

Good for stakeholder analysis

Answer 16

High stakeholder power/high interest - Involve
High stakeholder power/low interest - Consider/satisfy
Low stakeholder power/high interest - Consult/inform
Low stakeholder power/low interest - Ignore

Question 17

What are the 4 Vs for Big Data?

Answer 17

Volume
Variety
Velocity
Veracity

Question 18

What are some benefits of Big Data?

Answer 18

Sentiment analysis
Soft surveillance and consumer behaviour tracking
Open communication channels with clients
Predictive analytics
Analysis of customers’ purchasing behaviours

SSPPC

Question 19

What are the objectives of an internal control system?

Answer 19

Safeguarding assets
Complying with laws and regulations
Accurate financial information
Reduce fraud
Efficient business

SCARE

Question 20

What are the elements used to assess a control system?

Answer 20

Control procedures
Control environment
Risk management
Information
Monitoring

PERIM

Question 21

What are the elements of Lewin’s Iceberg 3 stage model?

Answer 21

Unfreezing
Changing
Refreezing

UCR

Question 22

What are the elements of the balance scorecard?

Answer 22

Financial
Internal
Learning & Growth
Customer

FILC

Question 23

What are the elements of a SMART target?

Answer 23

Specific
Measurable
Achievable
Realistic
Timely

Question 24

What are the elements of the culture web?

Answer 24

Symbols
Stories
Structure
Power
Control Systems
Rituals

3SPCR

Question 25

What are the elements of the VANE framework for culture?

Answer 25

Values Attitudes Norms Expectations

Question 26

What are the elements of the TARA risk framework?

Answer 26

Low probability/high impact - Transfer Low probability/low impact - Accept High probability/low impact - Reduce High probability/high impact - Avoid

Question 27

What are the steps to a typical risk management strategy?

Answer 27

Identify the risk Evaluate the risk Assess the risk for impact and likelihood TARA assessment Understand the costs of operating controls

Question 28

What are the elements of the product life cycle?

Answer 28

Introduction Growth Maturity Decline

Question 29

What are the elements of the project life cycle?

Answer 29

Initiation Planning Execution Control Completion | IPECC

Question 30

What are the elements of the strategic clock?

Answer 30

Price based strategies - low price low value Differentiation strategies - middle/high price middle/high value Failure strategies - high price low value

Question 31

What are the methods of company growth?

Answer 31

Organic growth Acquisitions and mergers Joint ventures Franchising Alliances

Question 32

What are the elements of Harmon's process-strategy matrix?

Answer 32

Low complexity/low strategic importance – automate/outsource High complexity/low strategic importance – outsource Low complexity/high strategic importance – automate High complexity/high strategic importance – Undertake process improvement

Question 33

What are the elements of a project initiation document (PID)?

Answer 33

Defines the project Justifies the project Sets out the expenditure and time-table budgets Sets out the responsibilities of the project team Sets out the quality control standards

Question 34

What are the contents of a project initial document (PID)?

Answer 34

Objective Scope Business Case Project Deliverables Resources Roles & Responsibilities Risks & Assumptions Constraints Project Schedule | P3ROPSBC - Props Business Central 3R

Question 35

What are the elements of JS&W three strategy lenses?

Answer 35

Strategy as design Strategy as experience Strategy as ideas | DIE

Question 36

What are some examples of strategic risk?

Answer 36

Market risk Entrepreneurial risk Credit risk Liquidity risk Technological risk Legal risk Outsource risk Reputation risk | ROCLLEMT

Question 37

What are the roles of NEDs?

Answer 37

Strategy Scrutinise Risk People | SSRP

Question 38

What are the elements of talent management

Answer 38

Attract Retain Motivate | ARM

Question 39

What are the elements of the performance excellence framework?

Answer 39

Leadership Strategy Customers Measurement, analysis and knowledge management Workforce Operations Results | SLOWCMR