a2 edexcel business - 3.1.2 worksheet
TRANSCRIPT
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Write a definition of corporate strategy here:
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Ansoff’s Matrix
Write about Igor Ansoff here:
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3.1.2 Theories of
corporate strategy
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Existing Product or Service
New Product or Service
Existing
market
New
Market
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Uses and limitations of Ansoff’s matrix:
Limitations Uses
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Porters Strategic Matrix
• 1979 Michael ________________ suggested that there were
_________ generic business strategies that would get
competitive ________________________. These were:
• Cost _____________________________; making products at the
lowest cost, may include outsourcing, lean management,
standard no _____________________ low cost products
• __________________________________________; the product or service
is unique and the ________________________ adds value to the
product
• __________________________________; the product or service will
serve a very small specific _____________________________, high
costs are passed on to customers, no close substitutes
(Divided into cost focus and differentiation focus)
• He also said that if a business failed to select one of these
strategies that they would be in danger and
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Cost leadership
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Differentiation
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Cost focus
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Differentiation focus
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Uses and limitations of Porter’s strategic matrix:
Limitations Uses
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BCG Matrix
• The BCG is a _______________ with a marketing planning __________________ which helps managers to plan for a
balanced product ____________________________________
• It looks at two dimensions, market _______________________________ and market _____________________, in order to
assess new and existing products in terms of their market ______________________________________
• A business would place each individual product in its product portfolio (or product _______________________) onto
one of the ______________________________________ of the Boston Matrix based on the product's relative market
share and the product's market _____________________ in the industry
• There are four possible results from using the Boston matrix; cash ________________, star, dog and problem
child (also known as _______________________________ mark)
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Kay’s Distinctive Capabilities
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Examples of Kay’s in business
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Strategic vs tactical decisions
Strategic Tactical
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