Hi,
I produced a word file a while ago, which I've pasted below, which contains summaries of various models and other details relevant to P3. I printed them off, cut them into individual notes, then wrote on the back of each one what it relates to, so I can test myself. I just thought I'd offer them here in case these are useful for anyone else. If anyone has any other ideas of stuff I can test myself on I'd be very grateful!
Johnson, Scholes and Whittington (JS&W) – defining elements of strategic management
• Strategic position
• Strategic choices
• Strategy into action (implementation)
JS&W three strategy lenses
• Strategy as design
• Strategy as experience
• Strategy as ideas
Pestel
• Political
• Economic
• Socio-cultural
• Technological
• Environmental
• Legal
Porter’s Diamond
• Firm strategy, structure, rivalry
• Demand conditions
• Related and supporting industries
• Factor conditions
Porter’s five forces framework
• Barriers to entry
• Substitute products
• The bargaining power of customers
• The bargaining power of suppliers
• Competitive rivalry
Lifecycle model
• Inception
• Growth
• Shakeout
• Maturity
• Decline
Marketing Mix
• Product
• Price
• Place
• Promotion
• People
• Processes
• Physical evidence
Porter’s Value chain
Primary Activities
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
Support Activities
• Firm infrastructure
• Human resource management
• Technology development
• Procurement
SWOT analysis
• Strengths
• Weaknesses
• Opportunities
• Threats
TOWS Matrix
• SO strategies employ strengths to seize opportunities
• ST strategies employ strengths to counter or avoid threats
• WO strategies address weaknesses so as to be able to exploit opportunities
• WT strategies are defensive, aiming to avoid threats and the impact of weaknesses
Cultural Web (paradigm)
• Stories
• Symbols
• Power structures
• Organisation structures
• Control systems
• Rituals and routines
Integrated Reporting
• Financial capital
• Manufactured capital
• Intellectual capital
• Human capital
• Social and relationship capital
• Natural capital
JS&W’s three strategic rationales for corporate parents
• Envisioning corporate intent
• Intervention to improve performance
• Provision of services, resources and expertise
Boston Consulting Grout Matrix
• Stars
• Question marks
• Cash cows
• Dogs
Public sector portfolio matrix
• Public sector star
• Political hot box
• Golden fleece
• Back drawer issue
Ashridge portfolio matrix
• Heartland businesses
• Ballast businesses
• Value trap businesses
• Alien businesses
The strategy clock
• Price-based strategies (no frills / low price)
• Differentiation strategies (hybrid / focused differentiation)
• Failure strategies
Ansoff’s Matrix (product market mix)
• Market penetration
• Product development
• Market development
• Diversification
Balogun and Hope Hailey’s matrix
• Incremental/Realignment - Adaptation
• Incremental/Transformation - Evolution
• Big bang/Realignment - Reconstruction
• Big bang/Transformation - Revolution
Contextual Features Model
• Time available
• Preservation
• Diversity
• Capability
• Capacity
• Readiness
• Power
• Scope
6 I’s of marketing
• Independence of location
• Industry structure
• Interactivity
• Individualisation
• Integration
• Intelligence
7 p’s of E-marketing
• Product – or customer value
• Price – or customer cost
• Promotion – or customer communication
• Processes
• Physical evidence
• People
• Place – or customer convenience
Job Design
• Scientific management
• Human relations / job enrichment
• Japanese model
• Re-design
Objectives (SMART)
• Specific
• Measurable
• Achievable
• Relevant
• Time-limited
Balanced Scorecard
• Financial perspective
• Customer perspective
• Internal business perspective
• Innovation and learning perspective
Types of diversification
• Backward vertical integration
• Conglomerates
• Horizontal
• Forward vertical integration
Four Views Model (POPIT)
• People
• Organisation
• Processes
• Information Technology
Harmon’s Grid
• Low complexity/low strategic importance – automate/outsource
• High complexity/low strategic importance – outsource
• Low complexity/high strategic importance – automate
• High complexity/high strategic importance – BPR and improvement
Projects and Strategic Plans
• Start date
• Duration
• Finish date
• A relationship to other projects: after some, before others etc
• A cost
• A person responsible
• A closely defined set of outcomes
Stages of a Project
• Initiation/initial screening
• Risk assessment
• Business case
• Project plan
• Executing
• Monitoring and controlling/project milestones
• Closing: delivery/review
Project Initiation Document
• Defines the project, its scope and its deliverables
• Justifies the project: cost/benefit analysis; risk analysis
• Secures funding for the project, if necessary
• Defines the roles and responsibilities of project participants: sponsor, manager team
• Gives people the information they need to be productive and effective right from the start: assignments, schedule, human resources, project control, quality control
The Project Manager
• Leadership abilities, including the ability to motivate
• Technical ability in running projects and in the subject matter
• Negotiation ability to negotiate with project sponsors (those who are paying), project team members and suppliers
• Reporting on progress and difficulties
• The ability to stay calm in a crisis
• Excellent communication
• Ability to delegate to team members
The Project Team
• Are fairly small
• Are united in what they want out of the project
• Have the right mix of complementary skills
• Have the right mix of personalities
Scenarios
1 Decide on the drivers for change
2 Bring drivers together into a viable framework
3 Produce seven to nice mini-scenarios
4 Group mini-scenarios into two or three larger scenarios
5 Write the scenarios
6 Identify issues arising
Mintzberg’s Steriotypical Configurations
1 Simple (entrepreneurial) structure
2 Machine bureaucracy
3 Professional bureaucracy
4 Divisional form
5 Adhocracy
6 Missionary organisation
Project Benefits
• Observable
• Measurable
• Quantifiable
• Financial
Methods of Growth
• Organic growth
• Acquisitions and mergers
• Joint ventures
• Franchising
• Alliances
Procurement
Involves locating items of the right
• Price
• Time
• Quality
• Quantity
• Source
Tannenbaum and Schmidt Managerial Style
Authoritarian/task orientation ---------------------------------Democratic/relationship orientation
Blake and Mouton’s Managerial Grid (concern for people/concern for production)
1.1 impoverished
1.9 country club
9.1 task orientated
9.9 team
5.5 middle of the road
Theory X and Theory Y
X Dislike work, need to be coerced, controlled, directed and/or threatened. Close supervision, carrot and stick
Y Physical and mental effort is as natural as play or rest. Motivated to seek challenge and responsibility. Manager consultative, facilitating, positive feedback, challenge and responsibility as motivators.
ACCA Forums
SBLsummary of models and other stuff
Thanks a lot !!!
Thanks a lot for your summary!
You're all very welcome. Good luck for the exam.
This is amazing! Thank you for posting these! Hope to be able to make it this sitting before the changes.
You're very welcome skyisthelimit. Good luck for your exam.
thanks soo much for this !! really helps.
Hi NeilSolaris
Thank you for posting your summary.
I used it as a head-start and added on my own additions etc. as I generally use this method to study. I thought the exam went really well due to this approach.
Trying my luck here, any chance you have done something similar for P1?
Best regards,
David
This post is Evergreen for P3 Exam.
Thank you guy...
Hi David,
I'm glad it helped, and that your exam went well. I can't remember what I produced for the P1 exam. Unfortunately I don't currently have access to my documents I prepared for that exam.
Amazing.
Preparing for June 2018 exams, and this will come in handy. Thanks alot :D
Perfect!, Thank you very much!
where top download the hardcopy of your summary? It is with the details of the summary for us to study?
wesleykoon wrote:where top download the hardcopy of your summary? It is with the details of the summary for us to study?https://opentuition.com/topic/summary-of-models-and-other-stuff/
Thank you very much, this is so helpful!
ISO 14000 features
1. Identify elements of the business that impact the environment
2. Create, implement and maintain Environment Management System (EMS)
3. Create environment policy
4. Comply Law and Regulation
5. Internal audit to identify weakness in EMS
6. Certification of EMS by 3rd party organisation
EMAS - features to comply
1. Comply with ISO14000 requirements
2. Issue annual statement / public report (Environment Report)
3. Proof that legal requirement has been followed and implemented
4. Meeting minutes - dialogue between management & stakeholder
5. Continuous improvement in environment improvement
6. Must get all employees involved
Thank you so much for your generosity
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