Shared Flashcard Set

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Unit Five "Business Planning and Strategy"
IBBM Key Terms
6
Business
10th Grade
05/27/2009

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Cards

Term
Competitive Advantage
Definition
the advantage that a business has over rivals. It can be gained in a number of ways
Term
Corporate culture
Definition
the values, beliefs, and norms that are shared by people and groups in an organisation
Term
PEST-G analysis
Definition
an analysis of the political, economic, social, technological, and green factors affecting a business
Term
Planning
Definition
the process of deciding, in advance, what is to be done and how it is to be done
Term
Strategy
Definition
the pattern of decisions and actions that are taken by the business to achieve its objectives
Term
SWOT analysis
Definition
an analysis of the internal strengths and weaknesses and the external threats and opportunities facing a business
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