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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