Here are the activities placed on the value chain:
A. Operations
B. Management
C. Operations
D. Operations
E. Outbound Logistics
F. Marketing
G. Operations
H. Outbound Logistics
I. Inbound Logistics
The document discusses key concepts related to business strategy including core competencies, capabilities, strategic planning, and defining a company's mission and vision.
The main points are:
1) A firm's success depends on having distinctive capabilities and core competencies that are difficult for competitors to imitate. These provide the strategic platform for the business.
2) It is important to define what business a company is truly in based on customer needs, rather than just products. The mission statement should communicate the company's core values, purpose, and goals.
3) Developing the right marketing strategy is key to exploiting a company's strengths and selecting the right target markets that fit its capabilities.
This document discusses evaluating a company's strategy and competitive position. It provides 5 key questions to analyze: [1] How well is the current strategy working? [2] What are the company's strengths, weaknesses, opportunities, and threats? [3] Are prices and costs competitive? [4] Is the company stronger or weaker than rivals? [5] What strategic issues require attention? Tools like value chain analysis, benchmarking, and competitive ratings are presented to assess each area. The analysis helps identify strengths to leverage and weaknesses to address.
This document discusses internal analysis and identifying a company's strengths and weaknesses. It defines distinctive competencies as firm-specific strengths that allow a company to gain competitive advantages through differentiation or lower costs. Resources and capabilities are the basis for distinctive competencies. Competitive advantages lead to greater value creation, pricing power, and profitability. Key aspects that drive competitive advantages are efficiency, quality, innovation, and responsiveness to customers.
M5 evaluating and competitive positionMentari Pagi
The document discusses evaluating a company's strategy, resources, competitive position, and costs relative to rivals. It provides questions to guide the analysis, including how well the current strategy is working based on qualitative and quantitative assessments, identifying the company's strengths, weaknesses, opportunities, and threats, assessing if prices and costs are competitive using value chain analysis and benchmarking, and determining if the company is stronger or weaker than key rivals by rating them on key success factors. The overall goal is to analyze different components of the company's situation to understand its competitive position.
This document discusses internal analysis and competitive advantage. It defines competitive advantage as having a higher profit rate than competitors in an industry. Competitive advantage can come from low costs or differentiation. The building blocks of competitive advantage are discussed as efficiency, quality, customer responsiveness, and innovation. These allow companies to create value for customers. Resources, capabilities, and core competencies are also examined in generating competitive advantage. Factors like barriers to imitation, industry dynamics, and a company's strategic commitments influence how long an advantage will last. Reasons for company failure include inertia, prior strategic missteps, and the Icarus paradox. Maintaining advantage requires continuous improvement, benchmarking, and overcoming inertia.
This document provides an outline for a chapter on operations management strategies and competitiveness. It discusses developing missions and strategies, achieving competitive advantage through operations, 10 strategic operations management decisions, issues in operations strategy, strategy development and implementation, and global operations strategy options. Key learning objectives are to identify approaches used by operations management to achieve strategies like differentiation, low cost, and quick response.
1) Companies are looking beyond their core business to achieve growth through new areas that account for 42% of revenues by 2020.
2) Top innovators obtain a higher percentage of revenues from new products/services and break even faster than competitors. However, it is becoming increasingly difficult to stay ahead.
3) A framework called the Growth Accelerator Program helps companies create a shared vision for growth, find new growth opportunities, and deliver growth through roadmaps, pilots, and ensuring the right organization and culture.
The document discusses key concepts related to business strategy including core competencies, capabilities, strategic planning, and defining a company's mission and vision.
The main points are:
1) A firm's success depends on having distinctive capabilities and core competencies that are difficult for competitors to imitate. These provide the strategic platform for the business.
2) It is important to define what business a company is truly in based on customer needs, rather than just products. The mission statement should communicate the company's core values, purpose, and goals.
3) Developing the right marketing strategy is key to exploiting a company's strengths and selecting the right target markets that fit its capabilities.
This document discusses evaluating a company's strategy and competitive position. It provides 5 key questions to analyze: [1] How well is the current strategy working? [2] What are the company's strengths, weaknesses, opportunities, and threats? [3] Are prices and costs competitive? [4] Is the company stronger or weaker than rivals? [5] What strategic issues require attention? Tools like value chain analysis, benchmarking, and competitive ratings are presented to assess each area. The analysis helps identify strengths to leverage and weaknesses to address.
This document discusses internal analysis and identifying a company's strengths and weaknesses. It defines distinctive competencies as firm-specific strengths that allow a company to gain competitive advantages through differentiation or lower costs. Resources and capabilities are the basis for distinctive competencies. Competitive advantages lead to greater value creation, pricing power, and profitability. Key aspects that drive competitive advantages are efficiency, quality, innovation, and responsiveness to customers.
M5 evaluating and competitive positionMentari Pagi
The document discusses evaluating a company's strategy, resources, competitive position, and costs relative to rivals. It provides questions to guide the analysis, including how well the current strategy is working based on qualitative and quantitative assessments, identifying the company's strengths, weaknesses, opportunities, and threats, assessing if prices and costs are competitive using value chain analysis and benchmarking, and determining if the company is stronger or weaker than key rivals by rating them on key success factors. The overall goal is to analyze different components of the company's situation to understand its competitive position.
This document discusses internal analysis and competitive advantage. It defines competitive advantage as having a higher profit rate than competitors in an industry. Competitive advantage can come from low costs or differentiation. The building blocks of competitive advantage are discussed as efficiency, quality, customer responsiveness, and innovation. These allow companies to create value for customers. Resources, capabilities, and core competencies are also examined in generating competitive advantage. Factors like barriers to imitation, industry dynamics, and a company's strategic commitments influence how long an advantage will last. Reasons for company failure include inertia, prior strategic missteps, and the Icarus paradox. Maintaining advantage requires continuous improvement, benchmarking, and overcoming inertia.
This document provides an outline for a chapter on operations management strategies and competitiveness. It discusses developing missions and strategies, achieving competitive advantage through operations, 10 strategic operations management decisions, issues in operations strategy, strategy development and implementation, and global operations strategy options. Key learning objectives are to identify approaches used by operations management to achieve strategies like differentiation, low cost, and quick response.
1) Companies are looking beyond their core business to achieve growth through new areas that account for 42% of revenues by 2020.
2) Top innovators obtain a higher percentage of revenues from new products/services and break even faster than competitors. However, it is becoming increasingly difficult to stay ahead.
3) A framework called the Growth Accelerator Program helps companies create a shared vision for growth, find new growth opportunities, and deliver growth through roadmaps, pilots, and ensuring the right organization and culture.
This document discusses internal analysis, which involves identifying an organization's strengths and weaknesses by examining its resources, capabilities, core competencies, vision, mission, objectives, and strategies. Internal analysis enables firms to better understand themselves and make strategic decisions. It reviews the different types of organizational resources and capabilities that can provide competitive advantages if leveraged effectively. Various approaches to conducting internal analysis like value chain analysis and competitive strength assessment are presented.
The document discusses business strategy concepts including business level strategy, corporate strategy, core competencies, distinctive competencies, and competitive advantage. It provides definitions and examples of each concept. The key points are:
1) Business level strategy outlines how a company delivers value to customers while gaining a competitive advantage. Corporate strategy encompasses actions to achieve objectives and advantages.
2) Core competencies are unique skills that provide benefits to customers, can be applied across markets, and are hard to replicate. Distinctive competencies provide the basis for competitive advantage through strengths like technology or customer satisfaction.
3) Developing core and distinctive competencies through strategies like differentiation, pricing, segmentation, and product range allows companies to create
The document discusses the concept of strategy according to Michael Porter. It argues that strategy is not about operational effectiveness or positioning, but rather creating a unique and valuable position through performing different activities than competitors or performing similar activities in different ways. This requires making trade-offs between activities to limit imitation. Sustainable strategy also relies on achieving fit across a company's activities to create reinforcing effects that are difficult for competitors to match. Rediscovering a company's original strategic position can allow it to better focus on areas of distinctiveness rather than attempting to compete more broadly.
Value chain is a well-known concept in management. Everyone who has a little interest in management, probably have heard about it.
In this presentation I've had a deep look into this topic and its correlation to strategy.
1. The document discusses analyzing a firm's internal environment to understand its unique resources, capabilities, and core competencies that provide competitive advantages.
2. Core competencies are combinations of resources and capabilities that are valuable, rare, costly to imitate, and non-substitutable. They allow firms to neutralize threats or exploit opportunities.
3. Sustainable competitive advantages result from core competencies that satisfy these criteria and are difficult for competitors to replicate due to causal ambiguity or social complexity.
This presentation outlines a process for identifying and implementing core competencies for management staff. It defines core competencies as the underlying skills, abilities, knowledge, technologies, and processes that allow a company to provide unique products and services. A six-stage process is provided to analyze competency needs, identify existing competencies, develop a strategy, implement the strategy, and evaluate results. The objectives are to focus resources on areas of strength, streamline operations, and promote alignment across the organization.
The document discusses Michael Porter's analysis of competitive advantage through his concept of the value chain. It provides an overview of Porter's view that competitive advantage can be achieved through either cost leadership or differentiation. It then explains Porter's value chain framework which identifies primary and support activities that can contribute to cost leadership or differentiation. The document outlines Porter's perspectives on analyzing costs, identifying cost drivers, and reconfiguring activities to achieve a competitive advantage through lower costs. It also discusses differentiating products and services in a way that creates value for buyers. The goal is to shift competition from red oceans of head-to-head competition to blue oceans of creating uncontested market space.
Chap004 understanding company's resources and positionAjit Kumar
This chapter discusses analyzing a company's resources, competitive position, and strategy. It introduces five key questions to guide a situation analysis: 1) How well is the present strategy working? 2) What are the company's strengths, weaknesses, opportunities, and threats? 3) Are prices and costs competitive? 4) Is the company stronger or weaker than rivals? 5) What issues need attention? It then provides frameworks and approaches to answer each question, including assessing strategy performance, conducting a SWOT analysis, using value chain analysis and benchmarking to evaluate costs, and comparing the company to rivals on key success factors.
Denis Ford, International Leader EMEA at Cummins - Supplier Evaluation & Incl...Global Business Events
This document provides an overview of Cummins Inc.'s supplier evaluation and inclusion processes. It begins with an introduction to Cummins, describing its business segments and global presence. It then discusses Cummins' use of e-sourcing tools like Ariba to conduct competitive bidding processes called Rapid Source and Mega Source. Evaluation criteria and questions are used to score supplier responses. Diversity and inclusion are also considered in evaluations. The Minority Supplier Development UK (MSDUK) and WEConnect International organizations help Cummins identify and engage certified diverse suppliers.
This presentation is based on case study on Benchmarking. This case study explains why there was a need of benchmarking and how Xerox benchmarked to come back in competition.
Kennametal's innovation journey focused on strategic alignment, disciplined processes, and executive involvement. They created an Innovation Ventures Group to target emerging business opportunities beyond their core offerings. Their approach balances managing the core business while incubating new opportunities earlier in the innovation cycle through a portfolio of projects with varying levels of risk and market adjacency. Executive support was crucial for providing resources and governance over the innovation pipeline and portfolio.
Interactive Intelligence was awarded the 2011 Company of the Year Award in Contact Center Systems in North America by Frost & Sullivan based on its strong growth strategy and execution. Interactive Intelligence grew its business in all six sub-segments of the contact center market in 2010, while also growing its market share. It was the only top vendor to experience organic growth through the economic downturn. Interactive Intelligence provides innovative products and technologies and delivers strong customer value through its Customer Interaction Center software suite.
The document discusses how to conduct an internal analysis to assess a company's strengths and weaknesses. It explains that an internal analysis identifies organizational resources, capabilities, core competencies, and distinctive capabilities. It provides guidance on evaluating strengths and weaknesses, conducting a SWOT analysis, understanding the value chain and potential for outsourcing, and performing an internal analysis through a multi-step process to identify key capabilities.
Benchmarking is a process that compares business processes and performance metrics to industry best practices. It involves identifying high-performing companies in the same or similar industries and comparing one's own processes and performance to learn best practices. Benchmarking has been extended from comparing strategies to comparing technical products and is used widely in industries like automotive manufacturing. There are various benchmarking methodologies but they generally involve identifying areas for improvement, finding comparable processes in other industries, identifying leaders, surveying them, visiting to identify practices, and implementing improvements.
The document discusses benchmarking, which involves measuring performance against other top organizations to establish leadership. It outlines the objectives of benchmarking as understanding how it contributes to leadership, key concepts, and how to implement a strategy. Benchmarking focuses on identifying world-class practices and integrating that knowledge. The key is to systematically learn from the best companies and continuously improve.
This document provides an overview of business models, strategies, and IT systems in digital organizations. It discusses four types of business models: market, operational, financial, and competitive. It also covers various competitive strategies such as cost leadership, differentiation, and developing competitive advantages. Additionally, it summarizes key concepts around IT systems including functional business systems, enterprise systems, and the role of IT in creating competitive advantages through activities like business process reengineering.
Competitive benchmarking involves identifying best practices in an industry by comparing a business's processes to benchmarks. It helps businesses understand their position and identify opportunities to improve efficiency. A benchmarking exercise generally includes identifying areas for improvement, competitors to learn from, conducting research, identifying best practices, and designing implementation tactics. While challenging for small businesses, benchmarking can help cut costs and streamline operations to promote growth.
The document discusses developing a strategic sourcing plan for oil country tubular goods (OCTG) suppliers for BP. It outlines key factors to consider like customer requirements, supplier capabilities, and cost effectiveness. It also discusses the benefits of single versus multiple sourcing, criteria for evaluating suppliers, developing strategic supplier relationships, and managing suppliers that do not meet standards. The document provides a detailed analysis of sourcing strategies and supplier evaluation methods to help BP develop an optimal sourcing plan for OCTG suppliers.
This report contains a comprehensive corporate proposal for WFM. Contained within the deliverable is a SWOT Analysis, VRIO Framework, 6 Forces Analysis, and a Competitor Map of the United States grocery industry
Anirban Dasgupta has over 20 years of experience in governance, risk and controls. He is currently leading Hindalco's internal financial controls initiative, reporting directly to the Audit Committee and Managing Director. Prior to Hindalco, he worked at PwC for 10 years in risk advisory services, specializing in internal controls and internal auditing for clients such as Tata Steel. He also previously served as Head of Internal Audit at Bajaj Allianz General Insurance.
The document discusses penalties that logistics service providers and freight forwarders may face if they do not properly manage exports and comply with regulations. It then outlines various export management tools and services that a company called Integration Point Export Management provides to help avoid penalties. These include denied party screening, license management, automated export systems, global classification, license determination, document determination, and providing visibility and connectivity to customers and regulatory agencies to strengthen export compliance programs.
This document discusses internal analysis, which involves identifying an organization's strengths and weaknesses by examining its resources, capabilities, core competencies, vision, mission, objectives, and strategies. Internal analysis enables firms to better understand themselves and make strategic decisions. It reviews the different types of organizational resources and capabilities that can provide competitive advantages if leveraged effectively. Various approaches to conducting internal analysis like value chain analysis and competitive strength assessment are presented.
The document discusses business strategy concepts including business level strategy, corporate strategy, core competencies, distinctive competencies, and competitive advantage. It provides definitions and examples of each concept. The key points are:
1) Business level strategy outlines how a company delivers value to customers while gaining a competitive advantage. Corporate strategy encompasses actions to achieve objectives and advantages.
2) Core competencies are unique skills that provide benefits to customers, can be applied across markets, and are hard to replicate. Distinctive competencies provide the basis for competitive advantage through strengths like technology or customer satisfaction.
3) Developing core and distinctive competencies through strategies like differentiation, pricing, segmentation, and product range allows companies to create
The document discusses the concept of strategy according to Michael Porter. It argues that strategy is not about operational effectiveness or positioning, but rather creating a unique and valuable position through performing different activities than competitors or performing similar activities in different ways. This requires making trade-offs between activities to limit imitation. Sustainable strategy also relies on achieving fit across a company's activities to create reinforcing effects that are difficult for competitors to match. Rediscovering a company's original strategic position can allow it to better focus on areas of distinctiveness rather than attempting to compete more broadly.
Value chain is a well-known concept in management. Everyone who has a little interest in management, probably have heard about it.
In this presentation I've had a deep look into this topic and its correlation to strategy.
1. The document discusses analyzing a firm's internal environment to understand its unique resources, capabilities, and core competencies that provide competitive advantages.
2. Core competencies are combinations of resources and capabilities that are valuable, rare, costly to imitate, and non-substitutable. They allow firms to neutralize threats or exploit opportunities.
3. Sustainable competitive advantages result from core competencies that satisfy these criteria and are difficult for competitors to replicate due to causal ambiguity or social complexity.
This presentation outlines a process for identifying and implementing core competencies for management staff. It defines core competencies as the underlying skills, abilities, knowledge, technologies, and processes that allow a company to provide unique products and services. A six-stage process is provided to analyze competency needs, identify existing competencies, develop a strategy, implement the strategy, and evaluate results. The objectives are to focus resources on areas of strength, streamline operations, and promote alignment across the organization.
The document discusses Michael Porter's analysis of competitive advantage through his concept of the value chain. It provides an overview of Porter's view that competitive advantage can be achieved through either cost leadership or differentiation. It then explains Porter's value chain framework which identifies primary and support activities that can contribute to cost leadership or differentiation. The document outlines Porter's perspectives on analyzing costs, identifying cost drivers, and reconfiguring activities to achieve a competitive advantage through lower costs. It also discusses differentiating products and services in a way that creates value for buyers. The goal is to shift competition from red oceans of head-to-head competition to blue oceans of creating uncontested market space.
Chap004 understanding company's resources and positionAjit Kumar
This chapter discusses analyzing a company's resources, competitive position, and strategy. It introduces five key questions to guide a situation analysis: 1) How well is the present strategy working? 2) What are the company's strengths, weaknesses, opportunities, and threats? 3) Are prices and costs competitive? 4) Is the company stronger or weaker than rivals? 5) What issues need attention? It then provides frameworks and approaches to answer each question, including assessing strategy performance, conducting a SWOT analysis, using value chain analysis and benchmarking to evaluate costs, and comparing the company to rivals on key success factors.
Denis Ford, International Leader EMEA at Cummins - Supplier Evaluation & Incl...Global Business Events
This document provides an overview of Cummins Inc.'s supplier evaluation and inclusion processes. It begins with an introduction to Cummins, describing its business segments and global presence. It then discusses Cummins' use of e-sourcing tools like Ariba to conduct competitive bidding processes called Rapid Source and Mega Source. Evaluation criteria and questions are used to score supplier responses. Diversity and inclusion are also considered in evaluations. The Minority Supplier Development UK (MSDUK) and WEConnect International organizations help Cummins identify and engage certified diverse suppliers.
This presentation is based on case study on Benchmarking. This case study explains why there was a need of benchmarking and how Xerox benchmarked to come back in competition.
Kennametal's innovation journey focused on strategic alignment, disciplined processes, and executive involvement. They created an Innovation Ventures Group to target emerging business opportunities beyond their core offerings. Their approach balances managing the core business while incubating new opportunities earlier in the innovation cycle through a portfolio of projects with varying levels of risk and market adjacency. Executive support was crucial for providing resources and governance over the innovation pipeline and portfolio.
Interactive Intelligence was awarded the 2011 Company of the Year Award in Contact Center Systems in North America by Frost & Sullivan based on its strong growth strategy and execution. Interactive Intelligence grew its business in all six sub-segments of the contact center market in 2010, while also growing its market share. It was the only top vendor to experience organic growth through the economic downturn. Interactive Intelligence provides innovative products and technologies and delivers strong customer value through its Customer Interaction Center software suite.
The document discusses how to conduct an internal analysis to assess a company's strengths and weaknesses. It explains that an internal analysis identifies organizational resources, capabilities, core competencies, and distinctive capabilities. It provides guidance on evaluating strengths and weaknesses, conducting a SWOT analysis, understanding the value chain and potential for outsourcing, and performing an internal analysis through a multi-step process to identify key capabilities.
Benchmarking is a process that compares business processes and performance metrics to industry best practices. It involves identifying high-performing companies in the same or similar industries and comparing one's own processes and performance to learn best practices. Benchmarking has been extended from comparing strategies to comparing technical products and is used widely in industries like automotive manufacturing. There are various benchmarking methodologies but they generally involve identifying areas for improvement, finding comparable processes in other industries, identifying leaders, surveying them, visiting to identify practices, and implementing improvements.
The document discusses benchmarking, which involves measuring performance against other top organizations to establish leadership. It outlines the objectives of benchmarking as understanding how it contributes to leadership, key concepts, and how to implement a strategy. Benchmarking focuses on identifying world-class practices and integrating that knowledge. The key is to systematically learn from the best companies and continuously improve.
This document provides an overview of business models, strategies, and IT systems in digital organizations. It discusses four types of business models: market, operational, financial, and competitive. It also covers various competitive strategies such as cost leadership, differentiation, and developing competitive advantages. Additionally, it summarizes key concepts around IT systems including functional business systems, enterprise systems, and the role of IT in creating competitive advantages through activities like business process reengineering.
Competitive benchmarking involves identifying best practices in an industry by comparing a business's processes to benchmarks. It helps businesses understand their position and identify opportunities to improve efficiency. A benchmarking exercise generally includes identifying areas for improvement, competitors to learn from, conducting research, identifying best practices, and designing implementation tactics. While challenging for small businesses, benchmarking can help cut costs and streamline operations to promote growth.
The document discusses developing a strategic sourcing plan for oil country tubular goods (OCTG) suppliers for BP. It outlines key factors to consider like customer requirements, supplier capabilities, and cost effectiveness. It also discusses the benefits of single versus multiple sourcing, criteria for evaluating suppliers, developing strategic supplier relationships, and managing suppliers that do not meet standards. The document provides a detailed analysis of sourcing strategies and supplier evaluation methods to help BP develop an optimal sourcing plan for OCTG suppliers.
This report contains a comprehensive corporate proposal for WFM. Contained within the deliverable is a SWOT Analysis, VRIO Framework, 6 Forces Analysis, and a Competitor Map of the United States grocery industry
Anirban Dasgupta has over 20 years of experience in governance, risk and controls. He is currently leading Hindalco's internal financial controls initiative, reporting directly to the Audit Committee and Managing Director. Prior to Hindalco, he worked at PwC for 10 years in risk advisory services, specializing in internal controls and internal auditing for clients such as Tata Steel. He also previously served as Head of Internal Audit at Bajaj Allianz General Insurance.
The document discusses penalties that logistics service providers and freight forwarders may face if they do not properly manage exports and comply with regulations. It then outlines various export management tools and services that a company called Integration Point Export Management provides to help avoid penalties. These include denied party screening, license management, automated export systems, global classification, license determination, document determination, and providing visibility and connectivity to customers and regulatory agencies to strengthen export compliance programs.
Our global logistics client was challenged by its inability to support their communications initiatives leveraging established campaign systems. Their existing marketing infrastructure was not well designed to support targeted campaigns, and due to the complex nature of their data and systems our client had limited visibility into their campaign performance tracking and advertising spend.
Managing the Logistics of a Medical Device AuditGeneris
Today’s medical device manufacturers navigate a complex ecosystem of regulatory compliance, both domestically and abroad. Manufacturers are subject to varying regional regulations with unique requirements and specific guidelines.
An overarching logistics strategy can be applied to all plants despite the regional variations.
The document describes the features of the WEBMARS audit management software. It includes features such as engagement monitoring, task assignment, follow-up reminders, an executive summary report, integrated messaging, offline form updates, external user access, security controls, audit reporting, standards compliance, a bulletin board, and a knowledge warehouse. The software aims to help automate audit processes and improve communication and information sharing.
This document discusses internal analysis and how it can help companies identify their distinctive competencies and build competitive advantages. It defines key terms like resources, capabilities, value chain, efficiency, quality, innovation, and customer responsiveness. It explains how competitive advantages in these areas can increase a company's profitability compared to competitors. The document also discusses the durability of competitive advantages and reasons why companies may lose their advantages.
The document discusses the challenges of achieving success in the music industry, noting that only about 10% of the approximately 3,000 singles released each year make it to the Billboard Top 40, meaning the odds of a song becoming a hit are very low. An independent music producer is quoted as saying the odds of success in the music industry are similar to putting a million dollars on red at a roulette wheel in Las Vegas. The document examines using mathematical modeling and data analysis to help identify musical attributes and patterns that could predict whether a song will become popular.
Using Benford's Law for Fraud Detection and AuditingCaseWare IDEA
This presentation will explain the theory behind Benford's law and how it can be used to find errors or potential fraud .
SLIDESHARE: www.slideshare.net/CaseWare_Analytics
WEBSITE: www.casewareanalytics.com
BLOG: www.casewareanalytics.com/blog
TWITTER: www.twitter.com/CW_Analytic
What is New in Track and Trace Technology?Angela Carver
In the distribution and logistics field track and trace is defined as the process of identifying past and current locations of inventory items. This inventory should be tracked at any level from ingredient to finished product and anywhere in between. Track and trace processes are supported through a variety of SCM technologies that help to provide real-time information on both location and status of these items as they move throughout the supply chain. A focus has been placed on track and trace due to the increasing complexity of governmental regulations. The government is becoming more active due to food recalls reaching their all-time high in 2013. On average, 6 recalls occur in the U.S. each day. These recalls impact up to 18.4 million products including pharmaceuticals, food and much more. This issue has sparked the focus on technology and automation throughout the supply chain.
These technologies are being used to manage the many moving pieces of the supply chain. In order to create a detailed, accurate audit trail needed to satisfy new regulations supply chain operators are implementing a variety of track and trace solutions including WMS, RFID and automated data collection devices.
SCM businesses handling food and pharmaceutical products have started to implement temperature indicators to track temperature, humidity and shock levels throughout the delivery process. These devices come in a variety of designs for flexible use. The data collected using temperature indicators can be transferred directly into inventory management software to develop a complete audit trail.
RFID functions in a similar way, passively tracking inventory as it moves throughout the supply chain. Radio frequency identification also helps to reduce the labor required to handle and process inventory. RFID is useful because it can track inventory at any level through the manufacturing process.
Warehouse management software is also a top tool used by SCM businesses focusing on track and trace because these powerful databases store all captured inventory data making it easily accessible to warehouse operators. Many top WMS systems are also developed to meet government regulations, taking the guess work out of track and trace.
To ensure your operation can meet regulatory requirements consider evaluating these technologies to bridge any gaps in technology capabilities. Learn more about new track and trace functionality and supply chain needs contact Datex experts today at marketing@datexcorp.com or 800.933.2839 ext 243.
This document discusses internal analysis and identifying a company's strengths and weaknesses. It defines distinctive competencies as firm-specific strengths that allow competitive advantage through differentiation or lower costs. Distinctive competencies arise from unique application of resources and capabilities. Capabilities are skills for coordinating resources, and strategy, resources, capabilities, and competencies interact to create competitive advantage and profitability. Analyzing areas like efficiency, quality, innovation, and responsiveness helps understand a company's strengths.
The document discusses various frameworks and models for strategic analysis and choice, including the SWOT analysis, SPACE matrix, BCG matrix, IE matrix, and grand strategy matrix. It explains that strategic analysis involves generating alternative strategies by considering internal strengths and weaknesses and external opportunities and threats. The models help match internal resources with external factors to develop alternative strategies and ultimately select the best strategies to pursue the organization's objectives and mission.
The Competitive Profile Matrix (CPM) is a tool that compares a firm and its rivals to reveal their relative strengths and weaknesses. It identifies critical success factors in an industry and rates competitors on each factor. Weights are assigned to factors based on importance. A firm's score on each factor is the weight multiplied by the rating. The total scores reveal the relatively strongest competitor. The CPM helps firms assess where they are strong or weak compared to rivals and determine strategic priorities. An example CPM compares Android, iOS, and Windows Phone operating systems.
Stakeholder theory & external & internal analysis zaid alamir
Stakeholder theory definition and some examples for internal and external stakeholder and regarding external and internal analysis
there is a brief about each one
The document discusses analyzing an organization's internal environment and capabilities. It describes reviewing organizational resources and activities to identify strengths and weaknesses. This helps understand current standing, select growth opportunities aligned with capabilities, and identify capability gaps. Key factors of the internal environment include organizational resources, behavior, strengths/weaknesses, synergies, competencies, and capabilities. Analyzing these areas through tools like the organizational capability profile and strategic advantage profile helps understand competitive advantage.
It is mandatory for every medicine or pharma packaging to have a unique serial code or UID. Project is to build a web application that will provide tracking capabilities for the UID for pharma packaging of drugs. The track feature (TRACK n trace) will track the UID of each package by using vision based scanners, RFIDs, etc. and store the data into a local server. The server will be synced daily with a global server (we are looking for cloud based hosting platforms such as Windows Azure or amazon web services). We have to build the trace functionality (Track n TRACE) by building a web interface where a person with the UID can trace the shipment.
We have to keep historical records for as long as 10 years and build logic on basis of the UID state. We have to provide the details from the database as in when was this package manufactured, when was it shipped, etc. If the UID entered is faulty for example; it wasn’t ever manufactured or if it is over its expiration date then we have to generate corresponding errors and also maintain a log of such entries and send notification to the admins with details of IP, Geography or where the error generated.
This document outlines areas that should be covered in an internal audit of a manufacturing company. It discusses 12 key areas: purchases, sales, creditors, debtors, subcontracting, inventory, export incentives, price escalation, cash management, payroll, labor contractors, and a review of management information systems and internal controls. The goal is to evaluate financial records, internal processes, and risks to help management ensure efficiency, effectiveness and compliance.
This document provides an agenda and overview for a two-day process auditing training workshop. Day 1 covers introductions, process definitions, customer satisfaction, continual improvement, and process auditing methodology. Day 2 covers audit performance, nonconformances, auditing top management, and concludes with a wrap-up session. The workshop aims to provide auditors with skills to conduct process audits and add value to their organization.
The document discusses key aspects of developing capabilities and achieving corporate success. It states that firms must design offerings for well-defined markets and focus on being part of the value delivery process rather than just making and selling products. It also discusses examining costs and capabilities, benchmarking against competitors, and coordinating inter-departmental activities to improve core business processes. Core competencies provide the strategic platform for long-term profitability and competitive advantage. The document emphasizes identifying capability gaps and investing in capabilities rather than individual business units. Measuring added value through output minus input costs is key to assessing corporate success.
The document discusses assessing a firm's internal environment, including conducting SWOT and value chain analyses to evaluate strengths, weaknesses, and competitive advantages. It describes the primary and support activities in a value chain, such as inbound logistics, operations, outbound logistics, marketing and sales, service, technology development, and general administration. The document also covers assessing a firm's tangible, intangible, and organizational resources based on whether they are valuable, rare, difficult to imitate or substitute. Financial ratio analysis and stakeholder interests are mentioned as additional factors for internal assessment.
Business Healthcheck Service By John Capper & CoJohn Capper & Co
This presentation describes our Business Health Check service. Think of it as preventative medicine for your business. What you get out of it is a measured easy to understand report on the state of your business and your action plan to respond to the findings of the Health Check
Moving the intellectual competence and operational dynamics of a firm to the hall of excellence wherein every key player and work process fit into intelligence best practices.
This document provides a summary of a report on developing high-performance market research functions. It discusses key findings such as optimizing structures through collaboration, building influence by providing value to all business units, and managing processes and productivity. It also outlines the report's structure and chapters on optimizing structures, building influence, managing processes, and developing talent. Sample practices are presented, such as serving all internal groups to expand influence and tracking business cases to increase productivity.
The document provides an overview of benchmarking, including:
- Defining benchmarking as comparing business processes and performance metrics to identify gaps and areas for improvement.
- Explaining the benefits of benchmarking as improving performance through implementing best practices from other organizations, reducing costs and time, and gaining a competitive advantage.
- Detailing the main types of benchmarking as internal, competitive, functional, and generic benchmarking.
- Outlining the benchmarking process as identifying what to benchmark, collecting data on performance metrics, analyzing gaps, setting goals to address gaps, and monitoring improvements.
Benchmarking is a process that allows to measure how a company is performing against top-performing organizations worldwide. By doing so, companies gain insights into the practices and strategies that set these outstanding companies apart.
Unit - 4_Part A_Strategic Management (18MBA25)_Internal AnalysisVijay K S
The document discusses various aspects of internal analysis for strategic management. It describes analyzing a firm's present strategy, resources, capabilities, strengths, weaknesses, opportunities and threats through tools like SWOT analysis and value chain analysis. It emphasizes identifying competitively important resources and determining if they can provide sustainable competitive advantage. It also discusses benchmarking internal activities against competitors to assess relative cost competitiveness and identify areas for improvement. The overall aim is to evaluate strategic fit and guide strategic decision making.
The document discusses how internal analysis is used to understand a business's performance and determine strategic options. It examines analyzing a business's financials like sales, profits, and costs. It also discusses measuring non-financial performance through customer satisfaction, product quality, brand associations, costs, innovation, and employee capabilities. Finally, it explains how the analysis informs identifying organizational strengths and weaknesses, and relating these to competitors and the market to guide strategic decisions.
Sm 11 part_02_03
Strategic Management course version 11
Strategic management in any organization is important as it provides overall direction by developing plans and policies designed to achieve objectives and then allocating resources to implement the plans.
Video on YouTube:
video 01
https://youtu.be/alh6O6Q_9sc
video 02
https://youtu.be/b2UwGeOTEX0
video 03
https://youtu.be/R7K0W3yinLo
Padilla Beyond Clips Clicks And Hits 040110tonyjmorse
A New Look at Measurement:
What's the Value of Your Marketing
and Communications Investments?
During a challenging economy, every dollar spent on marketing and business communications is open to scrutiny. So measuring the effectiveness and impact of these programs is more important than ever.
Yet even with today's advanced technology and tools, many organizations aren't sure how to determine the value, effects and relative return on their communications efforts.
This presentation includes insights on the best strategies, methods and tools to help you calculate the value of your communications investments – and make the most of your marketing spend.
You'll Learn:
• Common mistakes of measuring results.
• Shifting from measuring what can be measured to measuring what's important.
• The best new and traditional tools to benchmark and track performance.
• How to focus on activities that shorten the sales cycle.
The document provides an overview of analyzing a company's internal environment and strategy. It discusses the key questions to ask, including how well the current strategy is working, the company's strengths/weaknesses/opportunities/threats (SWOT analysis), whether prices and costs are competitive, how the company compares to rivals, and what strategic issues need attention. It also covers tools like value chain analysis, benchmarking, and the BCG matrix to evaluate different aspects of the company's strategy and competitive positioning. The overall aim is to conduct a thorough internal analysis of the business to inform strategic decision making.
This lecture discusses strategies for evaluating internal factors that are important for strategic management. It covers topics such as internal audits, key internal forces within an organization like marketing, finance and operations, evaluating internal strengths and weaknesses, the resource-based view of evaluating internal resources, value chain analysis, and using an internal factor evaluation matrix to systematically analyze internal strengths and weaknesses. The goal is to help students understand how to assess internal capabilities that are vital for formulating, implementing and evaluating business strategies.
The document discusses internal analysis for evaluating a company's resources, capabilities, and competitive position. It describes internal analysis as a three-step process to understand how companies create value, the importance of efficiency and customer responsiveness, and the source of competitive advantage. Key aspects covered include analyzing a company's resources, capabilities, core competencies, value chain, and conducting SWOT and benchmarking analyses.
The document provides an introduction to product management roles within organizations. It discusses the roles of product managers, business analysts, and project managers. It explains that product managers are responsible for product strategy, planning, and lifecycle management. Business analysts focus on investigating business systems and processes. The document also includes sections on product definition, requirements documentation, market analysis tools, and aligning products with business strategy.
The document discusses various business strategies and concepts for operating in an electronic age, including e-business strategy, Porter's value chain model, and online advertising models. It covers defining an e-business strategy, analyzing a company's value chain to understand costs and differentiation, and how to measure the effectiveness of online advertisements through metrics like clicks, impressions, click-through rate, cost per click, and return on investment. Search engine marketing and mobile advertising are also summarized.
Assessing the internal environment of the firmMohsinAhmed122
Value chain analysis views a firm as comprising primary and support activities that collectively create value. Primary activities include inbound logistics, operations, outbound logistics, marketing and sales, and service. Support activities include procurement, technology development, human resource management, and general administration. Together these activities aim to deliver maximum value at minimum cost. Firms assess their value chains to identify areas for improvement and competitive advantage.
The document discusses the strategy formulation process, explaining that the basic purpose of any strategy is to provide a competitive advantage. It outlines the key stages in strategic management including establishing mission and objectives, analyzing the organization and environment through tools like SWOT analysis, identifying strategic alternatives, implementing the chosen strategy, and reviewing/controlling the strategy. The document provides examples and definitions at each stage to illustrate strategic management concepts.
Watch this with a 10-15 minute audiotrack at http://vimeo.com/novusprogram/lesson18
The goal of this lesson is to provide tools to determine the strengths and weaknesses of potential competitors in order to compete in various markets. The lesson begins with an overview of the importance of competitor analysis and its primary importance. A framework to analyze various competitors is then introduced. The lesson then uses the framework to analyze the key aspects of a competitor.
The Novus project is a combination of video tutorials designed to be used in conjunction with a free business simulation software program. The Novus Business and IT Program contains 36 business and IT training videos, covering basic finance, accounting, marketing, economics, business strategy, Word, Excel, and PowerPoint. Users will have an opportunity to apply the lessons in the Novus Business Simulator. Over six rounds, the user or teams will have to make decisions on capital purchases, financing, production, financing, and human resources for a microbrewery. This channel has arranged the 36 video lessons into the order in which they are meant to be used with the simulator. To watch this slideshow as a video, please go to our Vimeo page at: https://vimeo.com/novusprogram. To download our free business simulation software, please go to our SourceForge page at: http://sourceforge.net/projects/novus/.
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The Strategy Implementation System offers a structured approach to translating stakeholder needs into actionable strategies using high-level and low-level scorecards. It involves stakeholder analysis, strategy decomposition, adoption of strategic frameworks like Balanced Scorecard or OKR, and alignment of goals, initiatives, and KPIs.
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- Stakeholder Analysis
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- Adoption of Business Frameworks
- Goal Setting
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Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
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How to Implement a Real Estate CRM SoftwareSalesTown
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4. INTERNAL ANALYSIS
“Everything as it
exists in nature has
one perfect
purpose. One
should look for that
one attribute that
makes it unique
from all other things”
Aristotle
5. • All organizations have
strengths and weaknesses in
the functional areas of
business.
• No enterprise is equally
strong or weak in all areas.
• Internal
strengths/weaknesses,
coupled with external
opportunities/threats and a
clear statement of mission,
provide the basis for
establishing objectives and
strategies.
6. • A firm’s strengths that cannot be
easily matched or imitated by
competitors are called
distinctive competencies.
• Strategies are designed in part
to improve on a firm’s
weaknesses, turning them into
strengths, and maybe even into
distinctive competencies.
• Building competitive advantages
involves taking advantage of
distinctive competencies.
• Distinctive competence (how
the organisation is better than or
different from its competitors).
7. • The process of performing an
internal audit closely parallels the
process of performing an
external audit.
• Representative managers and
employees from throughout the
firm need to be involved in
determining a firm’s strengths
and weaknesses.
• Performing an internal audit
requires gathering, assimilating,
and evaluating information about
the firm’s operations.
8. • Compared to the
external audit, the
process of performing an
internal audit provides
more opportunity for
participants to
understand how their
jobs, departments, and
divisions fit into the
whole organization.
9. • Resources are only
valuable if they have
one or more of the
following
characteristics:
• Rare
• Hard to imitate
• Not easily substitutable
10. • Competences are the roots
which give an organization its
competitive strengths and
which provide the nutrients
for future business
development through
intermediate core products
and/or services.
• Core competences could be
found in technology, skills
that a firm has developed
over time, processes or
business practices (ISO,
Malcolm Baldrigde Awards,
TQM), link with market needs
11. Core competences are
typically characterized as:
• Unique to the firm
• Sustainable because they are
hard to imitate or to substitute
• Once the strategic core
competences have been
found, they must be nurtured
at board level by strategic
investments in people,
technology, processes and
infrastructure.
12. End products and services
Core products and services
Core products and services
The Visible Corporation
Core competences
The unseen roots of competition
13. • VALUE CHAIN ANALYSIS
• Porter describes the business of a
firm as a value chain, in which total
revenues minus total costs of all
activities undertaken to develop
and market a product or service
yields value.
14. • Value Chain Analysis refers to the
process whereby a firm determines the
costs associated with organizational
activities from purchasing raw
materials to manufacturing products to
marketing those products.
• All firms should use value-chain
analysis to develop and nurture a core
competence and develop this
competence into a distinctive
competence.
15. 1 Company Head Office Activity
SECONDARY
6 10 14
ACTIVITIES
2 Human Resource Development 18
11 15
M
3 7 Technology Development 19
ar
gi
12
n
4 8 Procurement 16 20
5 9 13 17 21
Service
Inbound Sales &
Logistics Operations Outbound Marketing
logistics
PRIMARY ACTIVITIES
16. • Porter suggested that all businesses have a
continuous flow of activity in their business.
• The primary activities are as follows
Obtain raw materials
Get raw materials into factory
Inbound
Logistics
Make the product
Operations
Store the product
Transport to Warehouse
Outbound
logistics
Sell the product
Sales &
Marketing
Service
Maintain and refresh the product for the customer
17. • The primary or the WE ARE THE
CONSULTANTS!
basic activities are EXPERTS FROM
INBOUND TO
activities that exist in OUTBOUND
LOGISTICS
their own right.
• They are activities that
can be outsourced to
other organisations.
• Primary activities, in
essence are
businesses in their own
right. Expl. Unilever-
Frytol bottling.
18. • Within an organisation
there are three areas
that need to be
managed. These are:
• People
• Information &
Technology
Development
• Money
• These activities are
inherent within the
primary activities of
the firm.
19. • A core competence is a value-chain activity
that a firm performs especially well.
• When a core competence evolves into a
major competitive advantage, it is called a
distinctive competence.
• Firms use benchmarking to determine
whether its value chain activities are
competitive compared to rivals.
• This entails measuring the costs of value
chain activities across an industry to
determine “best practices” among
competing firms for the purpose of
duplicating or improving upon those best
practices.
20. • From the Value chain, the
firm can determine its
distinctive competence over
its competitors and also
know its strengths and
weaknesses.
• Therefore you can
capitalise on your strengths
and gain competitive
advantage.
• If it is a weakness-improve
upon it. Since it is a
competitive disadvantage
you can outsource it.
21. • Before strategy implementation, one
needs to know and study the
organisation’s resources as a whole in
terms of
• Organisational Culture
• Management style
• Marketing
• Finance
• Research and Development
• Operations and Production
• Management Information systems
22. • Internal Factors versus External Factors
• The RBV approach to competitive
advantage contends that internal
resources are more important than
external factors for a firm in achieving and
sustaining competitive advantage.
23. • Internal resources come from
three categories.
• a. Physical resources: plant,
equipment, location,
technology, raw materials,
machines, etc.
• b. Human resources:
employees, training,
experience, intelligence,
knowledge, skills, abilities, etc.
• c. Organizational resources:
firm structure, planning
processes, information
systems, patents, trademarks,
copyrights, databases, etc.
24. • The Basic Premise is that
• The mix, type, amount, and nature
of a firm’s internal resources should
be considered first and foremost in
devising strategies that can lead to
sustainable competitive advantage.
• Firms should pursue strategies that
are not currently being
implemented by any competing
firm.
26. Questions to ask after a SWOT analysis:
Which strengths represent distinctive competencies?
Do they compare favorably with what are believed
to be market or industry success requirements?
Which weaknesses disqualify the organization from
pursuing certain opportunities?
Does a pattern emerge from the SWOT analysis?
27. The purpose of the analysis is to establish
1. the effectiveness of the business
performance in the environment in which it
operates and
2. the business’s position in the market. This
includes establishing the internal strengths
and weaknesses of the business and
external opportunities and threats offered
by market conditions, competition and
customer behavior.
28. • The internal audit identifies the strengths
and weaknesses of business activities.
• The components of the internal audit
include evaluating the effectiveness of the
business’s structure, culture, financial
performance, people (and management),
business operations (processes and
technology used), strategic purpose and
planning and its market environment.
31. • Fen Side Golf Course is an internationally
known Scottish golf facility. It is not just an
eighteen hole world-class golf course, it
has a five star hotel with 250 luxury
rooms, and private leisure centre, indoor
tennis courts, as well as a series of top
class restaurants.
• Below are a series of nine activities that
add value to the Fen Side experience.
Print out the value chain above and place
the appropriate letter (below) onto the
value chain.
• .
32. • A. All staff are trained to the highest
industry standards.
• B. The hotel management team focus on
goals set out in their strategic plan.
• C. All golf course fairways are trimmed and
watered daily.
• D. Fresh fruit and vegetables are delivered
and prepared every day.
• E. The hotel has an advanced room
reservation system.
33. • F. Fen Side is promoted through
magazines targeted at the wealthy and
influential.
• G. The whole experience is based upon
high quality, professional service at every
stage.
• H. Limousines are available to take guests
to airports as they finish their stay.
• I. Fen Side has a series of contracts with
suppliers of meat and fish