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Is there a list anywhere of indicators of which model to use for different types of question? For example, these situations direct me towards certain models to use:
* Setting up business in a foreign country – Porter’s Diamond.
* Entering a home market – Porter’s 5 forces
* Outsourcing – Harmond’s process-strategy matrix
Just wondering if there’s a fuller list or article somewhere that shows the tell-tale signs in a question for which model to use on it.
Really the model to use depends on the information given in the question and sometimes the requirements. However, common pointers are:
Environment = PESTEL
Competitive environment = 5 forces
Resources = M words
Adding value = value chain
E-Business: consider 6Is
Marketing = 4/7 Ps
Portfolio = BCG (esp if market shares and growth are given) and parenting style
Competitive advantage = generic strategiesHave a look at:
https://opentuition.com/acca/p3/acca-paper-p3-quiz-p3-model-application-test/
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