Business Entity☑️☑️ Commercial endeavours
Organizational culture and formalized decision-making structure
Employee interaction
Company-centric side☑️☑️ "the business system" which reflects the underlying mechanics as to
how the business is structured.
key partners (backward and...
BUSN 201 midterm
Questions and Answers
Business Entity☑️☑️Commercial endeavours
Organizational culture and formalized decision-making structure
Employee interaction
Company-centric side☑️☑️"the business system" which reflects the underlying mechanics as to
how the business is structured.
key partners (backward and forward relationships)
key resources (assets, labour, capital, and management acumen)
market-centric side☑️☑️How the business is connected to the marketplace
Positioning (available customer segments)
Value proposition (primary and secondary, size, penetration potential)
Opportunity assessment
profitability☑️☑️how effective and efficient an organization is in using its assets and capital to
generate a profit over a period of time
3 C's☑️☑️capability, competency, capacity
Hedgehog Concept☑️☑️what are you passionate about?
what can you be the best in the world at?
what drives your economic engine?
business planning cycle☑️☑️set strategic objectives and assess business model fit
business plan (what to do where and how)
business plan execution (implementing the "how" deploy resources)
company performance and profitability
company growth
Stakeholders☑️☑️the people whose interests are affected by an organization's activities
Business Decision Making model☑️☑️1. Visualize and assess the business opportunity
2. Confirm market size and profitability potential
3. Determine market position, approach and continuity
4. Assess company resources and capabilities
5. Determine the tactics required to achieve objectives
6. Adjust, build out or reinvent the business model
strategy☑️☑️a plan of action or policy designed to achieve a major or overall aim.
, tactics☑️☑️the methods and actions taken to accomplish strategies
societal response to environmental degradation☑️☑️Unabated consumption
Regulatory compliance legislation and standards
Eco-management initiatives
Full integration of business strategies and environmental responsibilities
Key Factors Impacting Energy Supplies☑️☑️current supply development constraints
political impact factors
rate of new discoveries
declines in current production
immediate access to additional capacity
geopolitical instability
development speed of alternative energy sources
resource management☑️☑️strategies to manage and regulate potentially renewable resources
Trade Management☑️☑️economic development no longer the main source of environmental
harm, but rather a process contributing to environmental sustainability
Eco-Efficiency Management☑️☑️is the tactical shift required within our business operations to
maximize the efficiency of our resource utilization and minimize or eliminate the resulting
current degradation to the planet.
biological cycle for products and consumption☑️☑️production > product > use > biological
degradation > biological nutrients > plants >
technical cycle for products and service☑️☑️production > product > use > return to processor >
disassembly > technical nutrients >
Emissions Management☑️☑️Focused on achieving a position of "zero global emissions"
Integrating Environmental Sustainability☑️☑️1. Define sustainability within the organization
2. Identify the opportunities, threats, and gaps
3. Build the business case
4. Establish targets
5. Commit the resources
Four P's (company centric)☑️☑️product or service
placement
price
promotion
Four C's (customer centric)☑️☑️customer value
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