Business Decusion Making at Universität Magdeburg

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Who are inside stakeholders

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What das PESTEL stand for ?

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The bottom-up approch can be used to estimate the market volume.
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Customers Profiles

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External environment (Key)

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4 Factors for organisational structure

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High Level Time Orientation (Hall)
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High Level Time Orientation (Hall)

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Name the Hofstede’s 5 cultural dimensions

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Power Distance (Hofstede)

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What is the value chain analysis from Porter and in how far can this tool be used to structure internal activities?
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What are organisational capabilities?

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Exemplary flashcards for Business Decusion Making at the Universität Magdeburg on StudySmarter:

Business Decusion Making

Who are inside stakeholders
Executive officers Board of directors Stockholders Employees

Business Decusion Making

What das PESTEL stand for ?
Political Economic Sociocultural Technological Ecological Legal

Business Decusion Making

The bottom-up approch can be used to estimate the market volume.
FALSE!!! The top-down approach can be used.

Business Decusion Making

Customers Profiles
1. Geographic 2. Demographic 3. Psychographic 4. Buyer behaviour

Business Decusion Making

External environment (Key)
Each firm is embedded in a complex environment – comprising national factors, industry factors, and operating factors. Porter shows that average return rates differ significantly according to industry adherence; Porter’s Five Forces are a major means to explain varying degrees of industry attractiveness. The identification of competitors is a milestone in strategy development; however, this process is highly uncertain and risky.

Business Decusion Making

4 Factors for organisational structure
- Specialisation - Formalisation -Centralization - Hierarchy

Business Decusion Making

High Level Time Orientation (Hall)
High Level: Just one Task at the time; focus on job; high importance of speed and punctuality (USA, GER)

Business Decusion Making

High Level Time Orientation (Hall)
High Level: Just one Task at the time; focus on job; high importance of speed and punctuality (USA, GER)

Business Decusion Making

Name the Hofstede’s 5 cultural dimensions
- Power distance (PDI) - Individualism vs. collectivism (IDV) - Masculinity vs. femininity (MAS) - Uncertainty avoidance (UAI) - Long-term orientation (LTO)

Business Decusion Making

Power Distance (Hofstede)
The extent to which subordinate individuals accept inequality in respect to power, prestige and prosperity. High: Central organisation, Strong Hierarchies (Russia) Low: Loose Hierarchies, Superiors and subordinates are widely regarded as equal (Scandinavia)

Business Decusion Making

What is the value chain analysis from Porter and in how far can this tool be used to structure internal activities?
It can be used to determine the requires of internal supportive and primary tasks.

Business Decusion Making

What are organisational capabilities?
- Skills that a company uses to transform inputs into outputs -The ability and ways of combining assets, people, and processes

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