CIMA E2.3 Flashcards

Digital disruption & digital business models (12 cards)

1
Q

What does porters 5 force model look at

A

The competitive environment

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2
Q

Name Porter’s 5 forces

A

Threat of new entrants
Threat of substitutes
Bargaining power of buyers
Bargaining power of suppliers
Rivalry amongst current competitors

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3
Q

What are the primary activities in porters value chain

A

Inbound logistics
Operations
Outbound logistics
Marketing and sales
After sales services

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4
Q

What are the secondary activities in porters value chain

A

Procurement
HR
Firm Infrastructure
Technology development

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5
Q

What are porters generic strategies

A

Cost leadership
Focus
Differentiation

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6
Q

What are the 5 emerging trends shaping the digital landscape for organisations

A

Internet of me
Outcome economy
Platform revolution
Intelligent enterprise
Workforce re-imagined

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7
Q

What are the 3 steps to cause digital disruption in existing business models

A

Innovate on the periphery
Hire digital savvy individuals
Copy successful firms

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8
Q

What are the World Economic Forum;s 5 approaches for digital transformation

A

Build
Buy
Invest
Incubate/Accelerate
Partner

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9
Q

What are the 5 successful digital operating models identified by the world economic forum

A

Customer centric
Skynet
Data Powered
Extra-Frugal
Open and liquid

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10
Q

What is the balanced scorecard used to measure

A

The performance of a business

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11
Q

What are the 4 perspectives of the balanced scorecard

A

Customer
Internal
Innovation and Learning
Financial

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12
Q
A
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13
Q
A
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