What is a Strategic Plan?
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carefully crafted set of steps that a company intends to follow to be
successful
What is Pestel Analysis and what factors influence each segment?
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P - political -> government
E - economic -> economy
S - social -> trends on demographics
T - technological -> improvements on products/services
E - environmental -> physical conditions
L - legal -> courts
What are barriers to imitation?
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making it difficult for a competitor to copy a company's distinctive
competencies
1. intellectual property
2. process knowledge
What are substitute products? What is a substitute for playing video games?
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- substitutes: offerings that differ from the goods/services provided by the
competitors in an industry, but fill a certain need
video games -> puzzles
What are Porter's 5 forces?
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, 1. Competitive Rivalry
2. New Entrants
3. Substitutes
4. Buyers
5. Suppliers
When is rivalry high?
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it is because the goods being produced are very common
def. Forward Vertical Integration:
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suppliers becoming a new entrant
Why do firms care about profit growth?
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to increase net profit overtime
A liquidity measure captures:
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carefully crafted set of steps that a company intends to follow to be
successful
What is Pestel Analysis and what factors influence each segment?
,Give this one a try later!
P - political -> government
E - economic -> economy
S - social -> trends on demographics
T - technological -> improvements on products/services
E - environmental -> physical conditions
L - legal -> courts
What are barriers to imitation?
Give this one a try later!
making it difficult for a competitor to copy a company's distinctive
competencies
1. intellectual property
2. process knowledge
What are substitute products? What is a substitute for playing video games?
Give this one a try later!
- substitutes: offerings that differ from the goods/services provided by the
competitors in an industry, but fill a certain need
video games -> puzzles
What are Porter's 5 forces?
Give this one a try later!
, 1. Competitive Rivalry
2. New Entrants
3. Substitutes
4. Buyers
5. Suppliers
When is rivalry high?
Give this one a try later!
it is because the goods being produced are very common
def. Forward Vertical Integration:
Give this one a try later!
suppliers becoming a new entrant
Why do firms care about profit growth?
Give this one a try later!
to increase net profit overtime
A liquidity measure captures:
