BU111 Study Guide - Midterm Guide: Danone, Sports Equipment, Disruptive Innovation
19
BU111 Full Course Notes
Verified Note
19 documents
Document Summary
Critical success factors: foundation of business, essence and mission of your business and is vital in its success, people, planet, product- triple bottom line, people/ environment affects along with making a profit. Commitment: generating income/ revenue, customers desire reliability, variety, timeliness, quality assurance, consistently give customer a good value for their dollar, consider universal standards. Incentive: training programs, open to ideas, anticipating customer"s needs. Advantage: adding value- providing something new, that is not easily attainable, higher employee efficiency, patents, key supply component, businesses want a. Case analysis- use individuals thoughts/ preferences when making decisions. Identifies key variables to be considered in strategic analysis. Management preferences: conservative or aggressive, biases, structure and riskiness within the business (internal) Organization: culture-unspoken truth, capability, ethics of the business, linkage within the business (employees) Resources: financial, human (knowledge and skills that they posses, capital, based on the amount of resources affect the culture/ capabilities.
