Block 3 - Building long-term success

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Block 3 - Building long-term success by Mind Map: Block 3 - Building long-term success

1. Cycles of innovation

1.1. Business Cycle

1.1.1. Market Economy

1.1.1.1. Connected periods of expansion and then recession

1.1.2. Long waves of economics.

1.1.2.1. New technology or product can create significant economic growth.

1.1.3. Product Life cycle

1.1.3.1. New product introduced to the market. Period of gradual or rapid growth. Reaches maturity consumed, not attracting new buyers or uses. Decline in which replaced by a new product.

1.2. Virtuous cycles - cycle produces a good outcome

1.3. Vicious cycles - generates a negative outcome

2. Politics of business and management

2.1. Political contexts

2.1.1. Institutions, values/interests and power

2.2. Societal perspective - political context existing in the world, Europe, country ,region, city

2.3. Organisational perspective - inside organisation, department, office outside business environment

2.4. Stakeholder analysis

2.4.1. Power vs Interest matrix

2.5. Political astuteness framework

2.5.1. Personal skills, Interpersonal skills, Reading people and situations, Building alignment and alliances, Strategic direction and scanning

2.6. Political astuteness skills

2.6.1. Engage in relationships with other individuals or organisations

3. Organisation and value

3.1. Innovation

3.1.1. Innovation value chain

4. Accounting for values

4.1. Shareholder value

4.2. Measuring issues

4.2.1. Financial statements

4.2.2. Balance sheet

4.2.3. Income statement

4.2.4. Accrual accounting

4.2.4.1. Historical cost; deprival value and fair value

4.3. Creating shared value

5. Operational risk

5.1. Risk terminology

5.1.1. Hazard

5.1.2. Impact

5.1.3. Likelihood

5.1.4. Risk

5.2. Potential sources of operational risk

5.2.1. Supply failures

5.2.2. Failures within the operation or process

5.2.3. Product/service design failures

5.2.4. Customer failures

5.2.5. Environmental disruption

5.3. Risk assessment matrix

5.3.1. Likelihood

5.3.1.1. Rare

5.3.1.2. Unlikely

5.3.1.3. Likely

5.3.1.4. Almost certain

5.3.2. Impact

5.3.2.1. Negligible

5.3.2.2. Minor

5.3.2.3. Major

5.3.2.4. Severe

5.4. Operational resilience

5.4.1. Operational risk assessment

5.4.1.1. Balance cost and effort of mitigating actions and savings they are expected to bring

5.4.1.2. Risk mitigating strategies

5.4.1.2.1. Avoid

5.4.1.2.2. Reduce

5.4.1.2.3. Transfer

5.4.1.2.4. Share

5.4.1.2.5. Take

6. Leadership and management

6.1. Leadership

6.1.1. Taking organisations into the future, finding opportunities

6.1.2. Motivational theories

6.1.2.1. Herzberg’s two factor theory of motivation

6.1.2.1.1. Presence of motivation

6.1.2.1.2. Absence of hygiene

6.1.2.2. Maslow’s hierarchy of needs

6.1.2.2.1. Physiological

6.1.2.2.2. Safety & Security

6.1.2.2.3. Love/belonging

6.1.2.2.4. Esteem

6.1.2.2.5. Self actualisation

6.2. Management

6.2.1. Processes

6.2.2. Planning

6.2.3. Budgeting

6.2.4. Structuring jobs

6.2.5. Staffing jobs

6.2.6. Measuring preformance

6.2.7. Problem solving

7. Time and Innovation

7.1. Business incubators

7.1.1. Start-up and early stage businesses through the provision of facilities, mentoring and coaching, training, networking and seed capital financing.

7.2. Start-up accelerators

7.2.1. Focus on moving technology-based firms rapidly from establishment to early stage venture funding and growth.

8. Planning for short, medium and long-term success

8.1. Short Term

8.1.1. Extension of existing production or ideas

8.2. Medium Term

8.2.1. Relaunch and dramatic recreation of a product or process.

8.3. Long Term

8.3.1. New visions for ways of doing things or a totally fresh type of product.

9. Employment relations

9.1. Economic perspective

9.1.1. Macro-economic level analysis

9.1.2. Micro-economic level analysis

9.2. Types of negotiation

9.2.1. Between managers

9.2.2. Grievance handling

9.2.3. Bargaining

9.2.4. Group problem solving

9.3. Employee inclusion

9.4. Employee participation

9.5. Legal prespective

9.6. Empowerment

9.6.1. Flexible working

10. Quality and improvement

10.1. Six Sigma

10.2. Quality assurance (QA)

10.3. Quality control (QC)

10.4. Seven key tools

10.4.1. Histogram

10.4.2. Control chart

10.4.3. Scatter diagram

10.4.4. Pareto chart

10.4.5. Checklist

10.4.6. Cause and effect diagram

10.4.7. Stratification

10.5. Perceptions-based quality models

10.5.1. Zone of tolerance

10.5.1.1. Expectation of service level

10.5.1.1.1. Adequate

10.5.1.1.2. Desired

10.6. Quality gaps model

10.6.1. Exploring customer satisfaction

10.7. Dimensions of service quality

10.7.1. Tangibles

10.7.2. Reliability

10.7.3. Responsiveness

10.7.4. Assurance

10.7.5. Empathy

10.8. Strategic improvement

10.8.1. The importance-performance matrix

10.8.1.1. Judge the importance of performance measures to customers

10.8.1.2. Judge the performance against competitors

10.8.1.3. Match performance against characteristics

10.8.1.4. Develop improvement plans

11. Marketing in the long-term

11.1. Relationship marketing

11.1.1. Customer loyalty

11.1.2. Customer value and customer satisfaction

11.1.3. Commitment, trust, customer orientation and communication

11.1.4. Service-dominant logic

11.1.5. Types of relationships

11.1.5.1. Seller-maintained

11.1.5.2. Buyer-maintained

11.1.5.3. Bilatera

11.1.6. Marketing loyalty ladder

11.1.6.1. Partner

11.1.6.2. Advocate

11.1.6.3. Supporter

11.1.6.4. Client

11.1.6.5. Purchaser

11.1.6.6. Prospect

11.1.7. Life cycle

11.1.7.1. Awareness

11.1.7.2. Exploration

11.1.7.3. Expansion

11.1.7.4. Commitment

11.1.7.5. Dissolution

11.1.7.6. Indicators

11.1.7.6.1. Psychological

11.1.7.6.2. Behavioural

11.1.7.6.3. Economic

11.1.8. Relationship states

11.1.8.1. Transactional

11.1.8.2. Transitional

11.1.8.3. Communal

11.1.8.4. Damaged

11.1.8.5. Migrate mechanisms

11.1.8.5.1. Exploration

11.1.8.5.2. Endowment

11.1.8.5.3. Neglect

11.1.8.5.4. Betrayal

11.1.8.5.5. Recovery

11.1.8.6. Relationship constructs

11.1.8.6.1. Commitment

11.1.8.6.2. Trust

11.1.8.6.3. Norms

11.1.8.6.4. Dependence

11.2. Internal marketing

11.2.1. Internal marketing communication

11.2.2. Unfair customers

11.2.2.1. Verbal abusers

11.2.2.2. Blamers

11.2.2.3. Rule breakers

11.2.2.4. Rule makers

11.2.2.5. Opportunists

11.2.2.6. Return aholics

11.2.3. Types of employees

11.2.3.1. Brand champions

11.2.3.2. Brand agnostics

11.2.3.3. Brand cynics

11.2.3.4. Brand saboteurs