Biz 1000 General Management Review

Biz 1000 General Management Review - GM Framework Overview...

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1 General Management Exam Review Monday, April 19, 9:00am - 1:00pm Confirm your exam room GM Framework Overview Want ” Analysis Owner’s personal objectives, implications Business objectives, implications Need ”, External Analysis PEST implications Consumer analysis implications Competitive analysis implications Trade/Distribution Chain analysis implications Can ”, Internal Analysis Implications of Strengths & Weaknesses: Finance, Marketing, Operations, HR Competitive Advantage , Sustainability, Barriers to Entry Management Preferences Company Analysis STRATEGIC DECSION MAKING Industry Analysis “Need to do” “Can do” “Want to do” Strategic Choices PEST Competition Consumers Distribution Finance Marketing Operations Human Resources Motivations Aspirations Risk Tolerance GM Framework Questions to consider when preparing your analysis that will assist you in drawing implications against the options being considered and in generating new insights… Want ” Analysis What do the business owners want to do? How do these wants compare to the alternatives to be considered? What are their personal goals? How will this impact your final decisions? (implications) What are the goals for the business? How will this impact your final decisions? (implications) Need ” Analysis – External Environment PEST implications & KSFs Political implications What impact will government regulations have on the business? How will this impact your decisions? Economic implications What impact does the state of the economy have on the business? How will this impact your decisions? Social (Consumer trends) implications What impact do consumer demands have on the business? How will this impact your decisions? Technological implications How will technological developments impact the business? How will this impact your decisions?
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2 Need ” Analysis – Customer Analysis Customer Analysis, implications & KSFs Consumer Segments, Customer Profiles Who are they? What do they want?, Why do they buy? Ensure you are developing strong implications WHY are the case facts important? HOW do they influence your decision? For which options? What are the implications for your decisions? What does the company have to do to attract their target market? Need
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This note was uploaded on 10/12/2011 for the course SOCIAL SCI 1000 taught by Professor House during the Fall '09 term at UWO.

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Biz 1000 General Management Review - GM Framework Overview...

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