The document discusses several types of analyses used in strategic management:
- SWOT analysis assesses the strengths, weaknesses, opportunities, and threats of a business.
- PEST analysis examines the political, economic, social, and technological factors of the macro-environment.
- Five Forces analysis considers competitive rivalry, supplier power, buyer power, threat of substitution, and threat of new entry in an industry's competitive environment.
- Four Corner analysis looks beyond past behavior to anticipate potential shifts in strategy.
- Value chain analysis focuses on how an organization creates value for customers through its activities.
Original Description:
Original Title
REVIEWER 4TH TRENDS NETWORKS AND CRITICAL THINKING SKILLS
The document discusses several types of analyses used in strategic management:
- SWOT analysis assesses the strengths, weaknesses, opportunities, and threats of a business.
- PEST analysis examines the political, economic, social, and technological factors of the macro-environment.
- Five Forces analysis considers competitive rivalry, supplier power, buyer power, threat of substitution, and threat of new entry in an industry's competitive environment.
- Four Corner analysis looks beyond past behavior to anticipate potential shifts in strategy.
- Value chain analysis focuses on how an organization creates value for customers through its activities.
The document discusses several types of analyses used in strategic management:
- SWOT analysis assesses the strengths, weaknesses, opportunities, and threats of a business.
- PEST analysis examines the political, economic, social, and technological factors of the macro-environment.
- Five Forces analysis considers competitive rivalry, supplier power, buyer power, threat of substitution, and threat of new entry in an industry's competitive environment.
- Four Corner analysis looks beyond past behavior to anticipate potential shifts in strategy.
- Value chain analysis focuses on how an organization creates value for customers through its activities.
SWOT ANALYSIS stands for Strengths, Weaknesses, Opportunities, and Threats, and so this
is a technique for assessing these four aspects of your business.
PEST ANALYSIS stands for “Political, Economic, Social, and Technological Analysis” and describes a framework of macro-environmental factors used in the environmental scanning component of strategic management. FIVE FORCES ANALYSIS involved five forces that make up the competitive environment, and which can erode profitability. These are: competitive rivalry, supplier power, buyer power, threat of substitution and threat of new entry. FOUR CORNER ANALYSIS does not simply use past behavior to predict future action, but actively tries to see if there is likely to be a shift in the strategy. VALUE CHAIN ANALYSIS is based on the principle that organizations exist to create value for their customers. - A network is a group of people whom we interact daily, and this involves FAMILY, PEERS AND CONTACTS. - The first sphere of our social network. It is the first group of individuals with whom we establish social relations. FAMILY - Intuitive thinking is identified by some leaders and business as an important tool in decision making because it is characterized by quickness of response. - The following statements are true in applying intuitive thinking in solving problems in the community except for Consider availability of proofs that will support decisions. - Which of the following is true about addressing problems in the community? Strategic analysis and intuitive thinking can be used together to arrive at good results. Globalization - is the spread of products, technology, information and job across national borders and cultures. - The process of interaction and integration among people, companies, and governments worldwide driven by international trade and investment and aided by information technology. Interaction - reciprocal action or influence; direct involvement with someone or something Integration - bringing together and uniting of things. Interdependence - mutual dependence or reliance on each other Interconnected - having all parts linked or mutually joined or related. - Globalization has only a single narrow definition. FALSE - Globalization evolves and only involves First World countries. FALSE - Globalization is environment friendly. FALSE - Globalization allows worldwide exchange of commodities and exposures to different cultures. TRUE - Globalization can increase the spread of communicable diseases and can cause social degeneration. TRUE - The creation and existence of non- governmental organizations and movements. POLITICAL - Launching of a new TV series/ movie. SOCIAL - The establishment of G20, a global bloc composed of governments and central bank governors from 19 countries and the EU. ECONOMIC - Establishment of BPO companies. ECONOMIC - The spread of McDonald’s outlet all over Asian countries. SOCIAL Nation- a large body of people united by common descent, history, culture, or language, inhabiting a particular territory. People- human beings making up a group or assembly or linked by a common interest. Network- a fabric or structure of cords or wires that cross at a regular interval and are knotted or secured at the crossings. Interconnection- mutual connection between two or more things Cooperation- the process of working together to the same end. Collaboration- the action of working with someone to produce or create something. Migration- movement of people from one place to another with the intentions of settling, permanently or temporarily, at a new location. The movement is often over long distances and from one country to another, but internal migration is also possible; indeed, this is the dominant form globally. - Through globalization, people may become aware of incidents very quickly. TRUE - Globalization is related to increased interconnectedness and interdependence of people and countries. TRUE - International trade is vital to the economies of most countries around the world. TRUE - Globalization results in the expansion of international cultural, economic, and political activities. TRUE - Countries work together to open their borders to allow the movement of money and people. TRUE Global interconnectedness refers to the ability to understand and function in an increasingly multicultural, international, yet interconnected environment. International Trade: An increasing share of spending of goods and services is devoted to imports and an increasing share of what countries produce is sold as exports. Foreign Direct Investment (FDI): According to the United Nations, FDI is defined as “investment made to acquire lasting interest in enterprises operating outside of the economy of the investor”. Capital Market Flows: In many countries, particularly in the developed world, investors have increasingly diversified their portfolios to include foreign financial assets, such as international bonds, stocks or mutual funds, and borrowers have increasingly turned to foreign sources of funds. Diffusion of Technology: Innovations in telecommunications, information technology and computing have lowered communication costs and facilitated the cross-border flow of ideas, including technical knowledge as well as more fundamental concepts such as democracy and free markets. • GESTALT - German word meaning 'shape' or 'form' - This theory applied the principle that “the whole is more than the sum of its parts”. GESTALT • GESTALT LAWS/PRINCIPLES - the rules of the organization of perceptual scenes • FIGURE – principle showing the number of possible variables such as color, size, etc. - Which Gestalt principle illustrates the Miss Universe logo below? FIGURE • PERCEPTION -the way in which we organize or make sense of our sensory impressions. • SIMILARITY –things which share characteristics such as shape, size, color, texture, etc. - Geographical setting and characteristics of different nation is an example of this principle. SIMILARITY - This principle group figures like each other together. Geographical setting and characteristics of different nations is an example of this principle. SIMILARITY • PROXIMITY- objects or shapes that are close to one another appear to form - This principle states that objects or shapes that are close to one another appear to form groups. PROXIMITY - The (APEC) Asia Pacific Economic Cooperation whose logo appears below relates to this principle referring to close neighboring countries who possesses same cultural background. Which Gestalt principle is being applied? PROXIMITY • CLOSURE - the provision of missing details to be a part of potential pattern - This involve the provision of missing details to be a part of potential pattern. CLOSURE - Even when our senses missed some information, there is still a tendency to complete or perceive a whole figure. This is because of which Gestalt principle? CLOSURE • CONTINUITY - things tend to continue shapes beyond their ending points - One of the principles which emphasized that interconnection to cross countries is the essence of globalization or evolution of generation. CONTINUITY - The tendency to treat lines as if they continue is called CONTINUITY • SYMMETRY OR ORDER- it does not give the impression of things that “something is out of balance, or missing, or wrong”