Shared Flashcard Set

Details

Midterm 3 chapter 7
N/A
6
Business
Undergraduate 1
03/23/2015

Additional Business Flashcards

 


 

Cards

Term
SWOT Analysis
Definition
looks at the strength's and weaknesses of the company itself and the opportunities and threats for the company in its external environment
Term
porter's five forces model
Definition
a model that focuses on the five forces that shape competition within an industry
Term
industry life cycle model
Definition
a useful tool for analyzing the effects of an industries evolution on competitive forces
Term
vision statement
Definition
a clear, concise picture of the company's future direction in terms of its values and purpose that is used to guide and inspire
Term
mission statement
Definition
a clear, concise articulation of how the company intends to achieve its vision- how its different from its competition and the keys to its success
Term
pro forma financial statements
Definition
projected financial statements of future values
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