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MindMap Gallery ACCA mind map
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ACCA mind map
This is a mind map about ACCA, which is relatively comprehensive. I wish you can pass all ACCA subjects and pass 3 AAA SBR AFM subjects in one go during the July 2020 exam season.
Edited at 2021-08-19 20:39:44
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- Outline
SBL
1 strategic choices
1 what is strategic
long-term. whole organization, internal and external
2 portfolio analysis
cycle-introduction-growth-maturity-decline
BCG matrix
3 ansoff matrix Ansoff matrix
Related diversification strategies
horizontal merger
vertical merger
unrelated diversification strategy
Tiger balm: risk spreading
international diversification
ethnocentrism
home country center
polycentrism
multinational center
geocentrism and regiocentrism
area
4 methods of development
internal development
Develop by yourself
acquisitions and mergers
mergers and acquisitions
franchising
Franchise
strategic alliance
Strategic Alliance
joint venture
Joint venture
licensing
Licensed operation
5 porter's generic strategic
cost leadership
differentiation
focus(or niche)strategic
achieve in a niche market
strategy clock
6 sustainable competitive advantages – Market mix
7Ps
product, place, promotion, price, people, process, physical evidence
7 strategic drift
Strategic failure, especially when the environment changes and the company fails to develop a response strategy
solution: learning organization, knowledge management
2 external environment analysis
1 PESTEL
2 Porter's diamond- national environment Evaluate the competitiveness and attractiveness of a country’s industries
factor conditions
resources enjoyed by a country
basic-nature resources
advanced-higher education
demand conditions
Market demand
related and supporting industries
Industrial chain
firm strategy, structure, rivalry
chance
government
clustering
3 Porter's 5 forces
suppliers, buyers, competition/rivalry, new entrants, substitute
4 Scenario planning
It must refer to extreme situations, similar to Huawei’s extreme assumptions
3 internal analysis
1 capabilities- resources & competences
resources - what they have
capabilities - what they do
2 value chains
support
infrastructure
human resource management
technology
procurement
primary
inbound logistics
operations
outbound logistics
marketing & sales
service
The value chain is not only within the scope of the enterprise, but also includes relationship management with suppliers and customers outside the enterprise.
3 SWOT
4 SFA
Evaluate the effectiveness of your strategy
suitability
is it suitable? Does it fit the strategy? Fix weakness? Take advantage of the opportunity? …
feasibility
Do you have this ability? Do you have this resource?
acceptability
Are stakeholders receptive? risk, law, stable, cash flow...?
4 financial analysis
1 funding
Various Financing Instruments, and Their Pros and Cons
2 financial tools
Various investment evaluation tools
rate of return, payback period, NPV, IRR, EV, decision tree, linear regression(y=ax b), time series
3 performance measurement
Various financial calculation ratios
F5 budgeting, standard costing, variance analysis, F9 sensitivity analysis
5 leadership
1 what is leadership
different types of managers
XY theory, employees of X are matched with managers of Y, employees of Y are matched with managers of
2 culture
3 ethics
personal ethics
tucker's 5 question model
profitable
legal
fair and equitable
right, which is prone to subjective judgment
Which party is unfair to choose A, and whose interests will be harmed by choosing B?
sustainably or environmentally sound
The pros and cons of a choice are not the effects on which party
Finally, write a summary
professional ethics
fundamental principles
professional competence and due care
Maintain continuous learning and skills to ensure sufficient skills to serve customers and be diligent and responsible
integrity
straightforward and honest
professional behavior
comply with relevant law and regulation and avoid any disrupted action
confidentiality
objectivity
without any bias and no override judgment
corporate social responsibility
limited view & equivalent view & extended view Small, medium and large, only cares about the directly related people → cares about the indirectly related people → cares about the rights and obligations of citizens
IR integrated reporting: financial, manufactured, human, intellectual, natural, social
environmental footprint: refers to the impact of business activities on the ecological environment, considered the consequences
The three stages of environment audits: setting indicators, comparing results, reporting metrics, measuring, reporting
6 corporate governance
2 11 principles of CG
integrity, fairness, judgment, independence, scepticism, probability, transparency, responsibility, accountability, innovation, reputation
3 agency theory
4 stakeholders
Mendelow's metrix
5 principle-based VS rule-based aprroach
The main thing is to distinguish the difference between the two
rules have a clear rule to abide by
6 public sector governance
7 insider and outsider systems
8 the role of the board
9 nomination committee
balance of EDs and NEDs
skills, succession planning, size, attract, scrutiny(surveillance)
succession of CEO and chairman
The chairman is only responsible for the board of directors, and the CEO is responsible for the entire company.
10 remuneration committee
attract, retain, motivate (reward and punish system)
11 unitary board and multi-tiers board (single-layer and multi-layer structure)
The unitary board has ED and NED on the same layer.
Multi-tiers are NED on top of ED
12 effectiveness of boards
Directors should continue to learn to maintain adequate skills
13 reporting on CG
Voluntary disclosure can send good signals to the outside world
7 internal control and audit
1 internal control
2 internal environment (top-tone senior voice) is equivalent to culture, or internal control environment
3 role of audit committee
4 internal audit
5 risk audit
8 risks
1 impact of risk on stakeholders
shareholders, customers, suppliers, lenders, employees, government
2 embedding risk awareness in an organization's culture and value
Embed risk awareness into the company’s culture
risk awareness, culture, embedded, at all level(Everyone must have risk awareness)
3 risk management process
3-1 set responsibility
Similar to job description, the risk committee is responsible for
3-2 risk appetite
Specific to shareholders’ risk appetite
Influencing factors include shareholder needs, personal personality, company structure/size/development stage, culture...
3-3 identify risks
3-4 assess risks
Risk heat map
3-5 risk response
TARA
subtopic
3-6 monitoring
Refer to Yang Deming Risk Control
9 technology and data analysis
1 big data
4V volume(more data to discover the trends), velocity(new and real time data), variety(different resource of data), veracity(accuracy)
opportunity
2 cloud and mobile technology
advantages and disadvantages
3 IT system security & control
advantages and disadvantages
4 enabling success: disruptive technology
Disruptive technology, technology that subverts a field
5 fintech
6 E-business & E-marketing
7ps 4ps
price,production,promotion,place people,process,physical evidence
10 change management
1 organizational structure
sole-trader, functional structure, divisional structure, transnational structure, matrix structure
2 talent management
3 strategic change management
adaption evolution reconstruction revolution
Analyze factors that should be considered for change
time
scope
preservation
What should be kept and what should be removed?
diversity
capability
Refers specifically to ability, knowledge, experience
capacity
specific resources
power
Specifically refers to power and position power
readiness
Are you ready?
Key factors for successful POPIT transformation
people
Skills and motivation
organization
management support, business structure, roles & responsibilities
process
manual & automated processes and workarounds
IT
information requirements & systems
4 process redesign
Harmon's process/strategic matrix
Complexity and Importance p228
Comparison of the advantages and disadvantages of doing it yourself and outsourcing
5 project management
Project and process are different. Process is daily business operation.
PID project initiation document
anticipated benefit, scope, deliverable/outcomes, constraints, time and benefits, key stakeholders, project team roles, risk assessment, cost estimate, performance measures.