Podcast
Questions and Answers
Which of the following models is specifically designed to analyze a company's external environment and identify competitive threats and opportunities?
Which of the following models is specifically designed to analyze a company's external environment and identify competitive threats and opportunities?
- Porter's Five Forces Model (correct)
- PEST analysis
- BCG matrix
- SWOT analysis
Which model focuses on analyzing a company's internal strengths and weaknesses and external opportunities and threats?
Which model focuses on analyzing a company's internal strengths and weaknesses and external opportunities and threats?
- SWOT analysis (correct)
- Porter's Five Forces Model
- Ansoff Matrix
- PEST analysis
Which model helps companies make strategic decisions by focusing on product-market growth strategies, such as market penetration, market development, product development, and diversification?
Which model helps companies make strategic decisions by focusing on product-market growth strategies, such as market penetration, market development, product development, and diversification?
- BCG matrix
- PEST analysis
- Ansoff Matrix (correct)
- Porter's Five Forces Model
Which model categorizes business units based on their market share and market growth rate, helping companies allocate resources and prioritize investments?
Which model categorizes business units based on their market share and market growth rate, helping companies allocate resources and prioritize investments?
Which model focuses on identifying macro-environmental factors that can impact an organization, such as political, economic, social, and technological factors?
Which model focuses on identifying macro-environmental factors that can impact an organization, such as political, economic, social, and technological factors?
Flashcards
Strategic Planning Model
Strategic Planning Model
A framework used to create competitive advantage that aligns with the external environment.
PEST Analysis
PEST Analysis
A tool used to analyze the Political, Economic, Social, and Technological factors affecting a business.
Ansoff Matrix
Ansoff Matrix
A strategic planning tool used to devise strategies for growth in markets and products.
Porter's Five Forces Model
Porter's Five Forces Model
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SWOT Analysis
SWOT Analysis
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Study Notes
Strategic Planning Model for Competitive Advantage
- SWOT analysis is used for strategic planning to create a competitive advantage based on the principle that a sound strategy should fit the company's external environment.
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