Performance Indicators and Result I Company Assets SWOT Analysis

Performance indicators and result i company assets

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Performance Indicators and Result Indicators .............................................................................................. 34 16. Company Assets: SWOT Analysis ............................................................................................................ 35 PART 5: BUSINESS LEVEL STRATEGIES ....................................................................................... 37 17. Different Types ....................................................................................................................................... 38 18. Cost Leadership ....................................................................................................................................... 40 19. Niche Differentiation .............................................................................................................................. 41 Differentiation ............................................................................................................................................... 41 Differentiation Focus ..................................................................................................................................... 41 Low Cost Limitations ..................................................................................................................................... 41 Porter's Model ............................................................................................................................................... 42 20. Focus Strategies ...................................................................................................................................... 43 Focused Cost Leadership Strategy ................................................................................................................. 43 Focused Differentiation Strategy ................................................................................................................... 43 21. The Best-Cost Strategy ............................................................................................................................ 45 Challenges of Best-cost Strategy ................................................................................................................... 45 Best-cost Strategy and Low Overhead Business Model ................................................................................ 45 PART 6: AIDING BUSINESS LEVEL STRATEGIES ........................................................................... 47 22. Competitive Moves ................................................................................................................................. 48 23. Competitor’s Moves ................................................................................................................................ 50
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Strategic Management iv 24. Cooperative Moves ................................................................................................................................. 52 PART 7: INTERNATIONAL MARKETING STRATEGIES ................................................................... 54 25. Pros & Cons ............................................................................................................................................. 55 Advantages of International Business ........................................................................................................... 55 Disadvantages of International Business ....................................................................................................... 56 26. Drivers of Success and Failure ................................................................................................................. 57 Demand Conditions ....................................................................................................................................... 57 Factor Conditions .......................................................................................................................................... 57 Related and Supporting Industries ................................................................................................................ 57 Firm Strategy, Structure, and Rivalry ............................................................................................................. 58 27. International Strategies - Types .............................................................................................................. 59 Growth Strategy ............................................................................................................................................ 59 Product Differentiation Strategy ................................................................................................................... 59 Price-Skimming Strategy ................................................................................................................................ 59 Acquisition Strategy ....................................................................................................................................... 60 28. International Markets - Competition ...................................................................................................... 61 Exporting ....................................................................................................................................................... 61 Wholly Owned Subsidiary .............................................................................................................................. 61 Franchising ..................................................................................................................................................... 61 Licensing ........................................................................................................................................................ 62 Joint Ventures and Strategies Alliances ......................................................................................................... 62 PART 8: CORPORATE LEVEL STRATEGIES ................................................................................... 63 29. Concentration Strategies ........................................................................................................................ 64 Market Penetration ....................................................................................................................................... 64 Market Development .................................................................................................................................... 64 Product Development ................................................................................................................................... 64 Horizontal Integration ................................................................................................................................... 64 30. Vertical Integration Strategies ................................................................................................................ 66 Types of Vertical Integration ......................................................................................................................... 66 Advantages of VI Strategy ............................................................................................................................. 67 Disadvantages of VI Strategy ......................................................................................................................... 67 31. Diversification Strategies ........................................................................................................................ 68 Concentric Diversification ............................................................................................................................. 68 Horizontal Diversification .............................................................................................................................. 68 Conglomerate Diversification ........................................................................................................................ 69 32. Downsizing Strategies ............................................................................................................................. 70 Retrenchment ................................................................................................................................................ 70 Restructuring ................................................................................................................................................. 70
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Strategic Management v 33. Portfolio Planning ................................................................................................................................... 71 The Boston Consulting Group (BCG) Matrix .................................................................................................. 71 Limitations of Portfolio Planning ................................................................................................................... 72 PART 9: STRATEGY AND ORGANIZATIONAL DESIGN .................................................................. 73 34. Organizational Structure ......................................................................................................................... 74 35. Creating an Organizational Structure ...................................................................................................... 75 36. Organizational Control Systems .............................................................................................................. 77 37. Legal Forms of Business .......................................................................................................................... 78 PART 10: STRATEGIC HR MANAGEMENT ................................................................................... 79 38. Growth & Nature .................................................................................................................................... 80 39. Organizational & HRM Strategy .............................................................................................................. 82 40. Impact of HRM on Performance .............................................................................................................. 84
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Strategic Management 1 Part 1: Mastering Strategy
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2 A strategy is an action plan built to achieve a specific goal or set of goals within a definite time, while operating in an organizational framework. According to Rajiv Nag, Donald Hambrick & Ming-Jer Chen , “Strategic managem ent is the process of building capabilities that allow a firm to create value for customers, shareholders, and society while operating in competitive markets.” The process of strategic management entails : Specifically pointing out the firm's mission, vision, and objectives Developing the policies and plans to achieve the set objectives Allocating the resources for implementing these policies and plans Keeping an Eye on Expenses and Goals A balanced record of plans and policies in relation with operational moves are used to evaluate the business's overall performance. Starting from the executive level, the basic starting point is stakeholder interest, needs and expectations (i.e., financiers, customers,
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