Analysing the strategic position of a business

Short-termism

A focus on immediate results and short-term gains without considering long-term consequences or sustainable growth strategies.

Strategy

A plan or course of action designed to achieve long-term goals or objectives, often involving analysis, decision-making and resource allocation.

Tactics

Specific actions implemented to achieve short-term objectives within the broader framework of a strategy

SWOT analysis

An assessment tool used to identify a business's strengths, weaknesses, opportunities and threats, providing insights for strategic planning and decision-making.

Core competencies

Unique capabilities or strengths that differentiate a business from its competitors and contribute to its competitive advantage.

Regulator

A governmental or non-governmental entity responsible for overseeing and enforcing rules, regulations and standards within a particular industry or sector.

Infrastructure

The physical and organisational structures, facilities and systems necessary for the operation of a society or enterprise, including transportation, communication and utilities.

Fiscal policy

Government policies related to taxation, spending and borrowing aimed at influencing economic conditions, such as inflation, unemployment and economic growth.

Monetary policy

Government policies related to the control and regulation of money supply, interest rates and credit conditions, often implemented by central banks to influence economic activity and stabilise financial markets.

Open trade

A policy of unrestricted international trade and commerce, promoting the free flow of goods, services and capital across borders without barriers or tariffs.

Protectionism

A policy of imposing restrictions, tariffs or trade barriers to protect domestic industries from foreign competition, often motivated by concerns about job loss or economic sovereignty.

Migration

The movement of people from one place to another, either within a country or across international borders.

Corporate social responsibility

The ethical and voluntary commitment of businesses to contribute to the well-being of society and the environment, beyond legal obligations.