Porters five forces model - Study guides, Class notes & Summaries

L4M8 Procurement & Supply in Practice Exam Questions And Answers (Verified And Updated) How many stages are there within the CIPS Procurement Cycle? - answerThe CIPS procurement cycle has 13 stages: 1. Understand need and develop a high-level specification. 2. Market/commodity options including make-versus-but assessment. 3. Develop strategy/plan. 4. Pre-procurement market tests and market engagement. 5. Development of required documentation, e.g. request for quotation (RFQ). 6. Suppli...

Fact The confirmation or validation of an event or object Information Age The present time during which infinite quantities of facts are widely available to anyone who can use a computer Data Raw facts that describe the characteristics of an event or object Information Data converted into a meaningful and useful context Business Intelligence Information collected from multiple sources such as suppliers, customers, partners, and industries, that analyze patterns, ...

Stage 13: Assest management/end of life The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle process commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier Anti-bribery procedures -Proportionate procedures: should be in line with the ype of bribery risk and scale tha...

MIS EXAM 1 2024 QUIZZES & ANS!!

The organization's ________________________ is why it exists. - correct answer mission The organization's ________________________ is what it does. - correct answer vision The organization's ________________ represent statements about how it achieves its mission. - correct answer values Which of the following describes what is referred to as the five forces model? - co...

MIS (management information systems CORRECT ANSWER the management and use of information systems that help businesses achieve their strategies system CORRECT ANSWER a group of components that interact to achieve some purpose information system (IS) CORRECT ANSWER a group of components that interact to produce information five-component framework CORRECT ANSWER a model of the components of an information system: computer hardware, software, data, procedures, and people Information Tec...

1. Importance of Analyzing the Ex- ternal Environment -Managers can mitigate threats. -Managers can leverage opportunities. -Gain understanding of potential im- pacts. -Understand the source / proximity of factors. 2. The PESTEL Model -Groups environmental factors into six segments: --Political --Economic --Sociocultural --Technological --Ecological --Legal These factors can create: --Opportunities --Threats 3. Political Factors -Processes & actions of government bodies -Firms can sha...

WGU C954-Section Four Quiz 2024 Questions & Answers Marked 100% Sample Question & Answer: Workflow control systems - Answer - Monitor processes to ensure tasks activities and responsibilities are executed as specified.

BMGT 3510 Exam 1 Questions And Answers 2024

ISDS 351 Exam Questions and Answers All Correct Michael Porter's Five Forces Model - Answer-1. Threat of new entrants 2. Threat of substitutes 3. Bargaining power of customers 4. Bargaining power of suppliers 5. Industry rivalry used to determine the level of competition and long-term profitability of an industry vision/mission statement - Answer-communicates an organization's overarching aspirations to guide it through changing objectives, goals, and strategies objective - Answ...