Model Meanings 2024/2025 Exam
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Blake Moulton - 🧠 ANSWER ✔✔Highlights different management styles,
according to their focus on the task and the people within business.
Decision trees - 🧠 ANSWER ✔✔An example of scientific decision making
Stakeholder mapping - 🧠 ANSWER ✔✔Categories stakeholders in terms of
their relative power and interest.
Market mapping - 🧠 ANSWER ✔✔Identifies how products and brands are
perceived by customers relative to other products/brands in the market.
Income elasticity demand - 🧠 ANSWER ✔✔Measures the sensitivity of
demand to changes in income
Segmentation, targeting, positioning - 🧠 ANSWER ✔✔Outlines the
marketing process
7Ps of the marketing mix - 🧠 ANSWER ✔✔Analysing the marketing mix
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, Inventory control chart - 🧠 ANSWER ✔✔Highlights issues relating to
inventory management.
Hackman and Oldham's model of job design - 🧠 ANSWER ✔✔Identifies
factors that influence the motivating potential of a job
SWOT analysis - 🧠 ANSWER ✔✔It is part of the process of strategic
planning. It involves an internal and external audit that may take place
before a business develops an appropriate strategy
Elkington's triple bottom line - 🧠 ANSWER ✔✔Highlights that businesses
may have different objectives, not just profit.
Carroll's Corporate Social Responsibility Pyramid - 🧠 ANSWER ✔✔Outlines
the different possible aspects of social responsibility for a business.
Porter's strategies - 🧠 ANSWER ✔✔Highlights the strategic decision of
managers in terms of the scope of the business' activities and the
positioning within the market.
Bowman's strategic clock - 🧠 ANSWER ✔✔This outlines different strategies
in terms of the perceived benefits and price. It highlights different
competition and those that are not
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STATEMENT. ALL RIGHTS RESERVED