Porters 5 forces - Study guides, Class notes & Summaries

BTMA 317 Questions And Answers 2024. Competitive strategy statement - correct answer Identifies a business' approach to compete, goals, and plans and policies to achieve goals. #1 purpose of strategy - correct answer Alignment Industry Analysis - correct answer Competitive forces, strategic alignment, types of strategies, strategic planning. Different industries offer different profit potential, what is the profit potential measured by? - correct answer Porters 5 forces Porter Valu...

CIPS L4M4 LO1 What is sourcing? - correct answer Sourcing is the location, acquisition and management of all the vital inputs required for an organization to operate. What is tactical/operational sourcing? - correct answer Low-level decision making High profit, low risk items Short-term projects Transactional relationships What is strategic sourcing? - correct answer Top-level decision making High-profit, high-risk items Long-term projects Collaborative relationships What aspe...

BTMA MidtermBusiness Strategy - correct answer 1. Marketing Strategy 2. IT Strategy 3. Operations Strategy 4. Product Strategy Alignment - correct answer Michael Porter - #1 Purpose is ______ Simplified Value Chain - correct answer 1. Defining Value Chain 2. Capturing Cost Data 3. Controlling Cost 4. Cutting Buyers Cost 5. Determining Purchasing Criteria 6. Reconfiguring Value Chain Industry Analysis - correct answer 1. Competitive Forces 2. Strategic Planning 3. Types of Stra...

Internet of things - A world where interconnected, internet-enabled devices or "things" can collect and share data without human intervention. Value Chain: Primary Vs. Support - Views a firm as a series of business processes that each add value. Primary: The firm acquiring raw materials, manufacturing, delivering, marketing and selling. Support: Actual firm infrastructure such as HR, Management, Tech. Dept. Data - Raw facts that describe the characteristics of an event or object Informat...

ISA 235 Final Exam Gowins Questions With Verified Answers Data - answerRaw facts that describe the characteristics of an event or object Structured Data - answerStored in traditional system such as a relational data base or spreadsheet Unstructured Data - answerNot defined and does not follow specific format Big Data - answerCollection of large, complex data sets including structured and unstructured data. Information - answerData converted into meaningful and useful context Business In...

Miami University ISA 235 Final Exam Questions With Verified Answers Internet of things - answerA world where interconnected, internet-enabled devices or "things" can collect and share data without human intervention. Value Chain: Primary Vs. Support - answerViews a firm as a series of business processes that each add value. Primary: The firm acquiring raw materials, manufacturing, delivering, marketing and selling. Support: Actual firm infrastructure such as HR, Management, Tech. Dept. ...

L4M8 Procurement & Supply in Practice Exam Questions And Answers (Verified And Updated) How many stages are there within the CIPS Procurement Cycle? - answerThe CIPS procurement cycle has 13 stages: 1. Understand need and develop a high-level specification. 2. Market/commodity options including make-versus-but assessment. 3. Develop strategy/plan. 4. Pre-procurement market tests and market engagement. 5. Development of required documentation, e.g. request for quotation (RFQ). 6. Suppli...

BTMA 317 Final Exam Questions Correctly Answered. Competitive strategy statement - correct answer Identifies a business' approach to compete, goals, and plans and policies to achieve goals. #1 purpose of strategy - correct answer Alignment Industry Analysis - correct answer Competitive forces, strategic alignment, types of strategies, strategic planning. Different industries offer different profit potential, what is the profit potential measured by? - correct answer Porters 5 forces ...

Name the 13 stages of the procurement cycle - Answer-1. Understand the need. 2. Market Commodity options. 3. Develop Stratgey/ Plan. 4. Pre-procurement / market test. 5. Develop required documentation. 6. Supplier Selection. 7. Issue invitation to tender. 8. Bid / tender evaluation. 9. Contract Award. 10. Warehouse logistics & receipt. 11. Contract performance review and continuous improvement. 12. Supplier relationships / contract management. 13. Asset management / end of life. Por...

Internet of things - A world where interconnected, internet-enabled devices or "things" can collect and share data without human intervention. Value Chain: Primary Vs. Support - Views a firm as a series of business processes that each add value. Primary: The firm acquiring raw materials, manufacturing, delivering, marketing and selling. Support: Actual firm infrastructure such as HR, Management, Tech. Dept. Data - Raw facts that describe the characteristics of an event or object Informat...