business context review
business context
- brands and brand differentiation is important to having a reputation for you/your brand as well as building brand recognition
- knowing your market, to allow you to make fair commission prices within the companies budget, while not undercharging
- how remote working and AI can affect the productivity of a business and the business as a whole
- change management and how changes are received, approved and carried out
- laws, legislations and regulations companies have to follow
- P for Political: Government actions and policies.
E for Economic: Economic conditions and trends.
S for Social: Cultural and societal norms.
T for Technological: Innovations and technology trends.
L for Legal: Laws and regulations.
E for Environmental: Ecological and environmental factors.
- S for Strengths: What the organization does well.
- W for Weaknesses: Areas for improvement.
- O for Opportunities: External chances to grow or benefit.
- T for Threats: External risks or challenges.
- C for Corporate: The business or organization.
- S for Social: Society and the community’s welfare.
- R for Responsibility: Ethical duties beyond profit, like environmental care, fair labor, and community support.
- I for Information: The focus is on IT services and data management.
- T for Technology: Involves systems, hardware, and software.
- I for Infrastructure: Core IT framework.
- L for Library: A comprehensive set of best practices.
- S for Specific: Clearly defined.
- M for Measurable: Trackable progress.
- A for Achievable: Realistic to attain.
- R for Relevant: Aligned with broader goals.
- T for Time-bound: Set within a timeframe.
- R for Responsible: Who completes the task.
- A for Accountable: The decision-maker or approver.
- C for Consulted: People whose input is needed.
- I for Informed: Those kept in the loop.
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