BU111 Lecture Notes - Lecture 2: Swot Analysis, Canadian Dollar, Information Technology
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BU111 Full Course Notes
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Business program structured around the de model: each class is designed to echo a certain. Swot analysis strengths and weaknesses are internal, opportunities and threats external. The biases management shows when running the organization. Set the goals and standards on how the employees should be working. Some love taking on risk; some are very conservative. Always consider the decision maker and their preferences when doing case analysises. Management preferences influences culture as they set the tone; demonstrate how the organization should behave. Determine culture and capabilities: what equipment/facilities/buildings we have, how much money we can spend, When we are looking at the environment, we must look at today"s conditions and tomorrow"s as well. You can never stand in the same river twice. What management styles we need to back our strategy. Any variable can drive or constrain strategy. Critical linking variable in the model connects company to the environment. Consistency internally leads to performance: each variable is interconnected.
