Shared Flashcard Set

Details

SWOT 1
MGMT 541 kirwan
10
Business
Undergraduate 4
03/25/2009

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Cards

Term

SWOT 1

strengths

weakness

opertunities

threats

Definition

External analysis

Workstyle and lifestyle

customers

price sensitivity and elasticity of demandthe competitive arena

Emerging technology

Porters five forces framework

summing up

 

Term

Workstyle and lifestyle trends

Definition

The raw statistic should provoke questions how, where, what,

Be broad ranging in your scanning probs may be outside your industry

Term
Customers
Definition

Peter drucker "Company has no higher requirement than to create customers"

Figure out who they are

Market segmentation

Key segments

Term
Market segementation
Definition

Age

gender

geo

type users

income

behavior

Term

Customer segments

 

Definition

Infrequent users

Ocassional users

buisness professionals

Term
Price sensitivity and elasticity of demand
Definition
frePercentage increase in price/percentage decrease in quantity=price elasticity of demand
Term

Poters five forces

Definition

threat of new entiriants

bargening power of suppliers

jockying for position among current competitors

bargening power of customers

threat of substitutes

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