The document provides an overview of operational risk for practitioners. It defines operational risk and outlines a framework called the "Operational Risk Triptych" to systematically approach operational risk. The framework includes examining an organization's timeline, business value chain, capabilities, and external factors, as well as improving risk-based decision making processes. It also discusses tools for assessing culture of risks and creating an operational risk balanced scorecard.
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.
This document outlines various aspects of analyzing the strengths, weaknesses, opportunities, and threats (SWOT) of an organization. It discusses identifying corporate strengths and weaknesses across functional areas like marketing, finance, operations, technology, and human resources. Key criteria are provided for evaluating strengths and weaknesses in each of these areas. The document also discusses benchmarking performance gaps and using Management By Wandering Around (MBWA) as part of SWOT analysis.
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.
This document discusses methods for evaluating a company's resources and competitive capabilities, including its strengths, weaknesses, opportunities, and threats (SWOT analysis). It describes assessing a company's strategy, costs, value chain activities, and competitive position relative to rivals. Key questions addressed include how well the current strategy is working, identifying the company's strengths and weaknesses, determining if costs are competitive, and ranking the company's position versus competitors. Conducting in-depth analyses across these areas can help identify strategic issues 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.
Value chain analysis helps only in identifying the strengths and weaknesses of each elements of firm’s value chain. SWOT can not be used to identify external opportunities and threats. It is a situation analysis of the organization. It is a groundwork for matching the strategy both to the external market and internal resources. It is away to analyze a firm’s internal and external situations.
The document discusses methods for evaluating a company's internal resources and capabilities. It describes conducting an internal environmental scan to assess strengths and weaknesses. Three main methods are outlined: resource/capabilities analysis, value chain analysis, and McKinsey 7S framework. The value chain analysis examines primary and support activities to analyze costs. The 7S framework analyzes seven internal elements: strategy, structure, systems, shared values, style, staff, and skills. Conducting an internal analysis can help a company leverage its core competencies and develop sustainable competitive advantages.
Analyzing company's resources and competitive positionMD SALMAN ANJUM
The document discusses analyzing a company's resources and competitive position. It outlines 5 key questions to assess a company's situation: 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 strategic issues require attention? It provides approaches to evaluate each question, including using value chain analysis and benchmarking to analyze a company's costs and determine competitiveness.
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.
This document outlines various aspects of analyzing the strengths, weaknesses, opportunities, and threats (SWOT) of an organization. It discusses identifying corporate strengths and weaknesses across functional areas like marketing, finance, operations, technology, and human resources. Key criteria are provided for evaluating strengths and weaknesses in each of these areas. The document also discusses benchmarking performance gaps and using Management By Wandering Around (MBWA) as part of SWOT analysis.
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.
This document discusses methods for evaluating a company's resources and competitive capabilities, including its strengths, weaknesses, opportunities, and threats (SWOT analysis). It describes assessing a company's strategy, costs, value chain activities, and competitive position relative to rivals. Key questions addressed include how well the current strategy is working, identifying the company's strengths and weaknesses, determining if costs are competitive, and ranking the company's position versus competitors. Conducting in-depth analyses across these areas can help identify strategic issues 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.
Value chain analysis helps only in identifying the strengths and weaknesses of each elements of firm’s value chain. SWOT can not be used to identify external opportunities and threats. It is a situation analysis of the organization. It is a groundwork for matching the strategy both to the external market and internal resources. It is away to analyze a firm’s internal and external situations.
The document discusses methods for evaluating a company's internal resources and capabilities. It describes conducting an internal environmental scan to assess strengths and weaknesses. Three main methods are outlined: resource/capabilities analysis, value chain analysis, and McKinsey 7S framework. The value chain analysis examines primary and support activities to analyze costs. The 7S framework analyzes seven internal elements: strategy, structure, systems, shared values, style, staff, and skills. Conducting an internal analysis can help a company leverage its core competencies and develop sustainable competitive advantages.
Analyzing company's resources and competitive positionMD SALMAN ANJUM
The document discusses analyzing a company's resources and competitive position. It outlines 5 key questions to assess a company's situation: 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 strategic issues require attention? It provides approaches to evaluate each question, including using value chain analysis and benchmarking to analyze a company's costs and determine competitiveness.
The document provides an overview of conducting an internal analysis for strategic management. It discusses analyzing an organization's resources and capabilities, including its resource-based view, business model, value chain, functional resources, and functional capabilities. Key aspects covered include identifying the organization's strengths and weaknesses, distinctive competencies, core competencies, management functions, strategic marketing issues like market position and segmentation, marketing mix, product life cycle, and brand reputation. The internal analysis is critical for understanding an organization's internal strategic factors to determine if it can take advantage of opportunities and avoid threats.
The document discusses Porter's five forces model for analyzing industry competition. It describes the five competitive forces as the threat of new entrants, the threat of substitute products, the bargaining power of suppliers, the bargaining power of buyers, and rivalry among existing competitors. It explains that analyzing these forces can help companies understand the industry and make strategic decisions.
The document discusses internal appraisal, which involves assessing a firm's strengths, weaknesses, status, competitive advantages, and core competencies. It provides examples of analyzing various companies and identifies their strengths and weaknesses in areas like marketing, finance, manufacturing, R&D, and human resources. Various techniques for internal appraisal are also outlined, along with how companies can identify and build competitive advantages and core competencies through approaches like benchmarking, innovation, integration, strategic alliances and more. The concepts of competitive advantage and core competence are defined and distinguished.
Internal scanning is important for identifying a firm's internal strategic factors and resources. A resource provides competitive advantage if it is valuable, rare, difficult to imitate, and the organization is well-structured to exploit it. A strategic audit examines a firm's functional resources, organizational structure, culture, and assesses its strengths and weaknesses using frameworks like VRIO and IFAS.
The group members are Muhammad Asad Siddiqui, Zafar Rabbani, and Noureen Mirza. Their presentation topic is on "Integration and Matrices" for their Strategic Management subject. The presentation will discuss types of integration strategies including vertical, horizontal, and intensive integration. It will also cover matrices used in strategic analysis like the External Factor Evaluation Matrix, Competitive Profile Matrix, and Internal Factor Evaluation Matrix. Guidelines for different integration strategies and how to develop the various matrices will be explained.
This document provides an overview of a thesis examining the dynamic capabilities that led to successful mergers and acquisitions at Acer and Lenovo. The thesis aims to develop a model for successful M&A by understanding how firms link dynamic capabilities during integration. It will conduct case studies of Acer and Lenovo's M&A practices and examine how they developed and managed dynamic capabilities through organizational learning. The document outlines the research motivation and questions, literature review topics, conceptual lens, research method involving interviews and case studies, and plans for data analysis and theory generation.
ODTI research and analysis on the impact of current VUCA on the Work Dynamic for Individuals and Teams in an Organisation, Guidance on securing gains and leveraging new practices, tools and skills to to enable Individuals & Teams be more Innovative, Agile, Digitally Confident, and Collaborative to thrive in this continuing VUCA world
The document discusses how to analyze an organization's strategic resources and capabilities. It explains that resources and capabilities are important for strategy because they deliver competitive advantage and value added over time. It outlines steps for identifying an organization's main resources and capabilities, both tangible and intangible, and how they contribute to sustainable competitive advantage. The document also discusses analyzing how resources are used, identifying industry success factors, and leveraging resources for future dynamics.
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 tools and concepts for conducting an external strategic management audit. It outlines five broad categories of external forces - economic, social/demographic, political/legal, technological, and competitive. The document describes the process of performing an external audit, which involves gathering information, identifying opportunities and threats, prioritizing key factors, and communicating findings. It provides examples of variables to monitor within each category and emphasizes the importance of competitive intelligence programs.
This document summarizes Porter's framework for technology strategy formulation. It discusses that Porter identified two key decisions: selecting the business area and positioning within it. Technology affects industry attractiveness through the five forces model and a firm's value chain. A technology strategy has three elements: selecting technologies, deciding whether to lead or follow, and whether to sell technologies. The strategy should support the firm's overall competitive strategy and assess sustainability of leadership, advantages of leading, and disadvantages of leading.
The document discusses various techniques for analyzing an organization's performance, including value chain analysis, quantitative analysis using financial ratios and non-financial metrics, comparative analysis against historical performance, industry norms, and benchmarks, and comprehensive analysis using tools like key factor rating, organizational capability profiling, and the balanced scorecard. Value chain analysis segments a company's activities into primary and support activities to understand where value is created. The balanced scorecard integrates financial and non-financial metrics across four perspectives: financial, customer, internal business processes, and learning and growth.
This document provides an overview of strategic analysis techniques used to understand a company's internal and external environment. It discusses environmental scanning, situational analysis using SWOT and TOWS matrices, industry and competitive analysis methods like Porter's 5 Forces and strategic group mapping. Product portfolio analysis techniques like BCG matrix and product life cycle are also covered. The document aims to equip readers with frameworks to evaluate a company's strategy and make strategic decisions.
Blind spots in industry and competitor analysis pptsafiyagulam1
This document discusses blind spots that can occur in industry and competitor analysis. It outlines several types of blind spots including overconfidence, limited perspectives, and failure to consider how competitors will react. Two specific strategic decisions - capacity expansion and new business entry - are particularly prone to blind spots. The document advocates using a game theory approach to more rationally consider competitors' decisions but acknowledges limitations as real competitors often act irrationally.
This document discusses concepts related to strategic management and competitive advantage. It begins by defining the external environment of an organization and identifying various environmental factors. It then discusses Porter's Five Forces model, which analyzes competitive forces within an industry. Next, it covers strategic groups within industries and how competitive changes occur during different stages of industry evolution. It concludes by briefly discussing the impacts of globalization on industry structure.
Strategic management deals with major initiatives taken by managers to enhance company performance. It involves utilizing resources to take advantage of opportunities and address threats in the changing external environment. Strategic management is important because it concerns the fundamental issues and long-term survival and value creation of an organization. It covers the full scope of a company's activities and directs how the organization adapts its relationships with the environment over time.
Operational Risk: Solvency II and Exploratory Data AnalysisIgnacio Reclusa
This document discusses operational risk and exploratory data analysis. It summarizes loss data from an insurance company's loss event register collected over 3-7 years. Descriptive statistics are used to analyze the data distribution by risk category and year. Key findings include that 48% of events fall under "execution, delivery and process management" and 33% under "business disruption and system failures". The mean loss is higher than the median, indicating a positive skew. Most data are grouped in the low severity range, but exceptional low frequency events cause high economic impact.
This presentation provides a four-step process to help risk managers evaluate an organization's insurance program strategy. The steps include: (1) creating an insurable risks matrix to categorize insurable and non-insurable risks, (2) analyzing a loss register to identify frequent and under-utilized insurances, (3) calculating a loss ratio to assess performance against benchmarks, and (4) using a risk transfer strategy code to determine options like eliminating, reducing, consolidating or creating insurance policies. The analysis of these steps can guide risk managers in adapting an insurance program to an organization's true risk profile.
Operational Risk Management for practitioners v1.0Ignacio Reclusa
The document provides an overview of operational risk management for practitioners. It defines operational risk and outlines a framework called the "Operational Risk Triptych" for systematically assessing operational risk. The triptych examines an organization's timeline, business value pipeline, and risk-based decision making process. It also discusses tools for analyzing a company's risk culture and creating an operational risk balanced scorecard to monitor key risk metrics. The goal is to help practitioners communicate operational risks to directors using common business language.
The document provides an overview of conducting an internal analysis for strategic management. It discusses analyzing an organization's resources and capabilities, including its resource-based view, business model, value chain, functional resources, and functional capabilities. Key aspects covered include identifying the organization's strengths and weaknesses, distinctive competencies, core competencies, management functions, strategic marketing issues like market position and segmentation, marketing mix, product life cycle, and brand reputation. The internal analysis is critical for understanding an organization's internal strategic factors to determine if it can take advantage of opportunities and avoid threats.
The document discusses Porter's five forces model for analyzing industry competition. It describes the five competitive forces as the threat of new entrants, the threat of substitute products, the bargaining power of suppliers, the bargaining power of buyers, and rivalry among existing competitors. It explains that analyzing these forces can help companies understand the industry and make strategic decisions.
The document discusses internal appraisal, which involves assessing a firm's strengths, weaknesses, status, competitive advantages, and core competencies. It provides examples of analyzing various companies and identifies their strengths and weaknesses in areas like marketing, finance, manufacturing, R&D, and human resources. Various techniques for internal appraisal are also outlined, along with how companies can identify and build competitive advantages and core competencies through approaches like benchmarking, innovation, integration, strategic alliances and more. The concepts of competitive advantage and core competence are defined and distinguished.
Internal scanning is important for identifying a firm's internal strategic factors and resources. A resource provides competitive advantage if it is valuable, rare, difficult to imitate, and the organization is well-structured to exploit it. A strategic audit examines a firm's functional resources, organizational structure, culture, and assesses its strengths and weaknesses using frameworks like VRIO and IFAS.
The group members are Muhammad Asad Siddiqui, Zafar Rabbani, and Noureen Mirza. Their presentation topic is on "Integration and Matrices" for their Strategic Management subject. The presentation will discuss types of integration strategies including vertical, horizontal, and intensive integration. It will also cover matrices used in strategic analysis like the External Factor Evaluation Matrix, Competitive Profile Matrix, and Internal Factor Evaluation Matrix. Guidelines for different integration strategies and how to develop the various matrices will be explained.
This document provides an overview of a thesis examining the dynamic capabilities that led to successful mergers and acquisitions at Acer and Lenovo. The thesis aims to develop a model for successful M&A by understanding how firms link dynamic capabilities during integration. It will conduct case studies of Acer and Lenovo's M&A practices and examine how they developed and managed dynamic capabilities through organizational learning. The document outlines the research motivation and questions, literature review topics, conceptual lens, research method involving interviews and case studies, and plans for data analysis and theory generation.
ODTI research and analysis on the impact of current VUCA on the Work Dynamic for Individuals and Teams in an Organisation, Guidance on securing gains and leveraging new practices, tools and skills to to enable Individuals & Teams be more Innovative, Agile, Digitally Confident, and Collaborative to thrive in this continuing VUCA world
The document discusses how to analyze an organization's strategic resources and capabilities. It explains that resources and capabilities are important for strategy because they deliver competitive advantage and value added over time. It outlines steps for identifying an organization's main resources and capabilities, both tangible and intangible, and how they contribute to sustainable competitive advantage. The document also discusses analyzing how resources are used, identifying industry success factors, and leveraging resources for future dynamics.
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 tools and concepts for conducting an external strategic management audit. It outlines five broad categories of external forces - economic, social/demographic, political/legal, technological, and competitive. The document describes the process of performing an external audit, which involves gathering information, identifying opportunities and threats, prioritizing key factors, and communicating findings. It provides examples of variables to monitor within each category and emphasizes the importance of competitive intelligence programs.
This document summarizes Porter's framework for technology strategy formulation. It discusses that Porter identified two key decisions: selecting the business area and positioning within it. Technology affects industry attractiveness through the five forces model and a firm's value chain. A technology strategy has three elements: selecting technologies, deciding whether to lead or follow, and whether to sell technologies. The strategy should support the firm's overall competitive strategy and assess sustainability of leadership, advantages of leading, and disadvantages of leading.
The document discusses various techniques for analyzing an organization's performance, including value chain analysis, quantitative analysis using financial ratios and non-financial metrics, comparative analysis against historical performance, industry norms, and benchmarks, and comprehensive analysis using tools like key factor rating, organizational capability profiling, and the balanced scorecard. Value chain analysis segments a company's activities into primary and support activities to understand where value is created. The balanced scorecard integrates financial and non-financial metrics across four perspectives: financial, customer, internal business processes, and learning and growth.
This document provides an overview of strategic analysis techniques used to understand a company's internal and external environment. It discusses environmental scanning, situational analysis using SWOT and TOWS matrices, industry and competitive analysis methods like Porter's 5 Forces and strategic group mapping. Product portfolio analysis techniques like BCG matrix and product life cycle are also covered. The document aims to equip readers with frameworks to evaluate a company's strategy and make strategic decisions.
Blind spots in industry and competitor analysis pptsafiyagulam1
This document discusses blind spots that can occur in industry and competitor analysis. It outlines several types of blind spots including overconfidence, limited perspectives, and failure to consider how competitors will react. Two specific strategic decisions - capacity expansion and new business entry - are particularly prone to blind spots. The document advocates using a game theory approach to more rationally consider competitors' decisions but acknowledges limitations as real competitors often act irrationally.
This document discusses concepts related to strategic management and competitive advantage. It begins by defining the external environment of an organization and identifying various environmental factors. It then discusses Porter's Five Forces model, which analyzes competitive forces within an industry. Next, it covers strategic groups within industries and how competitive changes occur during different stages of industry evolution. It concludes by briefly discussing the impacts of globalization on industry structure.
Strategic management deals with major initiatives taken by managers to enhance company performance. It involves utilizing resources to take advantage of opportunities and address threats in the changing external environment. Strategic management is important because it concerns the fundamental issues and long-term survival and value creation of an organization. It covers the full scope of a company's activities and directs how the organization adapts its relationships with the environment over time.
Operational Risk: Solvency II and Exploratory Data AnalysisIgnacio Reclusa
This document discusses operational risk and exploratory data analysis. It summarizes loss data from an insurance company's loss event register collected over 3-7 years. Descriptive statistics are used to analyze the data distribution by risk category and year. Key findings include that 48% of events fall under "execution, delivery and process management" and 33% under "business disruption and system failures". The mean loss is higher than the median, indicating a positive skew. Most data are grouped in the low severity range, but exceptional low frequency events cause high economic impact.
This presentation provides a four-step process to help risk managers evaluate an organization's insurance program strategy. The steps include: (1) creating an insurable risks matrix to categorize insurable and non-insurable risks, (2) analyzing a loss register to identify frequent and under-utilized insurances, (3) calculating a loss ratio to assess performance against benchmarks, and (4) using a risk transfer strategy code to determine options like eliminating, reducing, consolidating or creating insurance policies. The analysis of these steps can guide risk managers in adapting an insurance program to an organization's true risk profile.
Operational Risk Management for practitioners v1.0Ignacio Reclusa
The document provides an overview of operational risk management for practitioners. It defines operational risk and outlines a framework called the "Operational Risk Triptych" for systematically assessing operational risk. The triptych examines an organization's timeline, business value pipeline, and risk-based decision making process. It also discusses tools for analyzing a company's risk culture and creating an operational risk balanced scorecard to monitor key risk metrics. The goal is to help practitioners communicate operational risks to directors using common business language.
Operational Risk: Solvency II and the external factors’ analysisIgnacio Reclusa
This document discusses how to properly assess operational risk under Solvency II by considering processes, capabilities, and external factors. It provides an example assessment of the seven main risk categories (product, marketing, actuarial, etc.) by scoring each attribute (processes, capabilities, external factors) from 1-10 and calculating a total risk score. By only considering processes previously, the insurance company underestimated operational risk exposure by 1.2 million euros compared to the more comprehensive three-attribute approach. The document advocates analyzing external factors at the macroenvironment, industry, and competitor levels to fully capture relevant risks.
Minimizing Risk in your 2015 Sales ProcessJohn Golden
Slides from the popular webinar on sales process by John Golden which covers:
- How to optimize your sales process & minimize risk in 2015
- How to make your sales process buyer-focused
- How to more effectively manage your sales process
This document discusses operational risks related to marketing and sales. It covers factors like compensation plans, sales management practices, motivation of salespeople, and adapting to different stages of the product lifecycle. External factors like competitors' compensation and analyzing salespeople's potential are also addressed. Capabilities for achieving competitive advantage are explored, like understanding the value chain, value network, and using tools like benchmarking and SWOT analysis.
The document discusses early warning systems (EWS), providing definitions and components of an effective EWS including risk awareness, monitoring and warning services, and response capability. It also outlines some potential obstacles to establishing an EWS, such as concerns over expenses, information silos within companies, and a lack of agreement on severity matrices. The SECure assessment tool is introduced as an innovative practice-oriented approach to identifying early warning indicators for small businesses.
Get your Insider’s Guide to Workforce Analytics. Learn the definitions of key terms, see examples of metrics and analytics, and discover how to measure your company’s workforce analytics maturity. Plus, learn about common approaches to workforce analytics and hear case studies of analytics in action.
The document discusses issues related to air pollution from the aviation industry, noting the environmental impact of carbon emissions and the health effects of noise pollution from aircraft. It also touches on challenges related to limited airspace and airport capacities, which sometimes forces aircraft to remain airborne while waiting to land. Strategies are needed to reduce the industry's environmental footprint through more stringent emission standards and efficient airport planning.
Unit-3 VALUE CHAIN OF FOREST PRODUCTS BASED ENTERPRISES.pptxNabarajUpadhaya
The value chain approach examines all activities involved in bringing a product from conception to end markets. It identifies participants at each stage and their strengths/weaknesses. For forest enterprises, value chain analysis helps add value, identify problems, improve quality and market access, reduce costs, strengthen linkages among actors, and inform policy/decision making. It provides insights to develop strategies that increase benefits for all stakeholders in the chain.
Tim Hoad - Creating Value from your Intangibles - Diagnostic - Feb 2004Tim Hoad
This document provides a self-assessment tool to help businesses evaluate their critical success factors (CSFs), particularly intangible ones like relationships, knowledge, culture, and reputation. It's a 6-step process: 1) define objectives, 2) assess CSFs, 3) identify scores/areas for improvement, 4) identify possible actions, 5) plan actions, 6) reflect and iterate. The tool contains 49 questions across 7 intangible areas and real business issues to score importance and ability. Discussing scores helps identify top CSFs to target. The goal is to understand strengths/weaknesses and agree on actions to improve and achieve objectives.
This document discusses various business strategy concepts including situational analysis (SWOT), mission/objectives, alternative strategies, and the impact of the internet. It provides details on SWOT analysis including its structure and uses. TOWS matrix is introduced as a variant that emphasizes external factors. Types of business strategies and the impact/benefits of internet on business are also summarized. Both positive and negative impacts of internet on business are outlined such as new competitors, security issues, and lost productivity.
Slideshareersion strategic report regulations guidance for companies and inv...Ardea International
Environmental, social governance issues have financial implications on how companies recognise, diagnose, manage and disclose their information. The legal and investor angle is discussed, together with how to diagnose the financial risk
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.
The document discusses the challenges financial institutions face in an uncertain economic environment, termed the "New Normal". It emphasizes the importance of embedding risk management in decision making, using a common platform for risk, finance, and regulatory reporting. It also stresses the need to identify and manage various risks, from liquidity and credit to operational and compliance. Finally, it proposes that financial institutions undergo an "analytical transformation" through investments in a unified data model, infrastructure, and applications to achieve a holistic view of risk across the organization.
This document discusses balancing operational value, pace, and risk in mid-market acquisitions. It focuses on sources of value and risk, including revenue stream growth, cost element efficiency, working capital efficiency, and fixed asset efficiency. Some example improvement areas are product value engineering, purchasing cost reduction, management information systems alignment, and improving attendance. The document emphasizes that value and risk are often linked, and managing risks involves understanding sources of inherent and change-related risks. It also notes the importance of cross-functional cooperation to improve operational performance.
Executives need to assess the current state of sales operations to identify areas for improvement. A maturity model provides a framework for this by defining levels of process effectiveness. While models like CMMI, OPM3, and P3M3 were not designed for sales operations, their concepts around capabilities and maturity levels can still apply. For a maturity model to be useful, it requires both an assessment methodology to evaluate the organization's current performance level, and recommendations for corrective actions. However, no model can guarantee performance or account for all contextual factors.
1. COSO Enterprise Risk Management (ERM) is a framework that helps companies consistently define and manage risks across the organization. It involves identifying, assessing, and responding to risks in a way that helps the company achieve its objectives.
2. The COSO ERM framework is represented as a cube with four columns of strategic objectives, eight rows of risk components, and multiple levels to describe the enterprise. It includes components like internal environment, objective setting, event identification, risk assessment, risk response, control activities, information & communication, and monitoring.
3. Control activities are policies and procedures that ensure risks are mitigated, such as separating duties and documentation. Information & communication ensures relevant information is shared to allow people
Innovation connections quick guide managing ict risk for business pdfAbdulbasit Almauly
This document provides guidance on managing ICT risks for small to medium businesses. It discusses:
1) The importance of risk management and identifying risks before undertaking new business activities or decisions. 2) Common risk management methodologies like risk registers and risk matrices to document and evaluate risks. 3) Major types of ICT risks for businesses related to falling behind technology, poor purchasing decisions, lack of organizational commitment, and missed innovation opportunities. 4) Steps to identify and manage risks when assessing and procuring new ICT products and services.
The document discusses value chain analysis, including its key aspects and how to conduct one. It describes the activities in Porter's value chain framework, including primary and support activities. It provides tips for writing a good value chain analysis, such as analyzing each activity's contribution to competitive strategies. Sources of information and limitations of the model are also reviewed.
The document discusses several strategic planning models that can be used by organizations, including the Strategy Map, Balanced Scorecard, SWOT Analysis, PEST Analysis, Gap Planning, Blue Ocean Strategy, Porter's Five Forces, and VRIO Framework. It provides overview and examples of each model. The models can be used to analyze internal/external factors, identify goals and measures, compare current/desired states, explore new market opportunities, and evaluate competitive advantages. While each has strengths, the best model depends on an organization's specific context and needs.
Notes for Mental health business architectureDonna Kelly
Comprehensive and explanatory notes pages to accompany presentation. Top layer in the Redwing Architecture. Part of our business intelligence and hospital performance series.
This document is a project report submitted by Mr. Ojas Nitin Narsale, an M.Com student at the Parle Tilak Vidyalaya Association's M.L. Dahanukar College of Commerce in Mumbai, India. The report is on the topic of ratio analysis and was completed in the 2016-2017 academic year under the guidance of Prof. Karim. The report includes an introduction, objectives, methodology, literature review on ratio analysis, calculations of key financial ratios for a company, analysis of the results, and a summary.
The document discusses a model for assessing an accounting body's sustainability agenda. It analyzes key internal and external drivers that shape the body's sustainability efforts and how these drivers impact the business model. The model groups the drivers and matches them to components of the business model like advocacy, thought leadership, leading business, and skilling the profession. It provides examples of how sustainability reporting is affecting accountants' roles and skills.
STRATEGIC RISK ADVISORY SOLUTIONS_Risk Management_NewsletterDion K Hamilton
The document provides an overview of risk management and enterprise risk management (ERM). It discusses how ERM involves a comprehensive framework for identifying, prioritizing, mitigating, and monitoring risks across an entire organization. The key steps in developing an ERM program include choosing a risk management framework, identifying risks, prioritizing them based on likelihood and impact, developing risk mitigation strategies, implementing controls, and ongoing monitoring and reporting of risks. Popular frameworks mentioned are COSO and ISO 31000. Benefits of implementing a formal ERM program include improved risk awareness and decision making, a standardized approach to managing risks, and potential cost savings.
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50 million companies worldwide leverage WhatsApp as a key marketing channel. You may have considered adding it to your marketing mix, or probably already driving impressive conversions with WhatsApp.
But wait. What happens when you fully integrate your WhatsApp campaigns with HubSpot?
That's exactly what we explored in this session.
We take a look at everything that you need to know in order to deploy effective WhatsApp marketing strategies, and integrate it with your buyer journey in HubSpot. From technical requirements to innovative campaign strategies, to advanced campaign reporting - we discuss all that and more, to leverage WhatsApp for maximum impact. Check out more details about the event here https://events.hubspot.com/events/details/hubspot-new-delhi-presents-unlocking-whatsapp-marketing-with-hubspot-integrating-messaging-into-your-marketing-strategy/
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2. Operational Risk for practitioners v1.0 | July 2014 2
Index
1. Introduction
Beginnings and definition
2. Elements
Framework
Timeline
Pipeline
Decision-making process
3. Tools
Culture of Risks and Balance Scorecard
3. Operational Risk for practitioners v1.0 | July 2014 3
• Beginnings
Businesses have been aware for many years of hazards arising from IT, people, infrastructures, marketing, fraud,
business disruption and many similar issues. However, the renewed visibility of these risks under the label of “operational
risk” repositions their location and status for management decision-making purposes. Operational risk is a no self-evident
category but a label for a diverse range of practices.
The generic term “operations risk” was officially coined in 1991 by the COSO Report, but did not widespread until the mid
90s when the “rogue trading” of Nick Leeson caused the collapse of Barings Bank and other scandals forced the Basel
Committee on Banking Supervision within the Bank for International Settlements (BIS) to refresh the scope of their existing
1988 guidance and to publish in June 1999 a new proposal: Basel 2.
Basel 2 represents an evolution of the capital rules for banks extending an refining the basic idea of a capital cushion for
risks, both measured (credit and market) and non-measured. Non-measured risks became more conspicuous supervisory
issue and came to be problematised in terms of “operational risk” management.
The process of developing these rules for measuring OR capital has been and remains subject to considerable industry
negotiation, featuring “road shows” and marketing of best practice by the Basel Committee.
• Definition
In its early manifestations, OR was simply a residual category for “other risks” not covered by market risk and credit risk.
Later, in March 1997, a joint survey by the British Bankers Association and Coopers & Lybrand explored several
definitions.
In 2001, Basel 2 defined OR as “the risk of direct or indirect loss resulting from inadequate or failed internal processes,
people and systems or from external events”. The definition was clarified to exclude reputational and strategic risks, and
focuses on causes of loss.
This definition has been around for the latest almost 15 years. However, a fresh approach is required to embed
Operational Risk Management within the organizations.
1 Introduction
Beginnings and definition
4. Operational Risk for practitioners v1.0 | July 2014 4
• One of the major issues an Operational Risk practitioners faces is how to approach such a wide range of subjects covered
under the umbrella of “Operational Risk”.
• There are three common pitfalls when approaching Operational Risk Management:
1. Just focusing on the process approach rather than on the whole three risk factors (business functional value chain and its
processes, capabilities and external factors);
2. Highly focused on qualitative assessment based in self-questionnaires and interviews;
3. Poor risk decision-making processes.
• This limited analysis will lead to a misevaluation of the Operational Risk, and therefore, to a higher exposure than desired /
communicate through the risk appetite.
• This document aims to present a framework to systematically approach operational risk matters. The framework presented
below is called the “Operational Risk Triptych”. A triptych is a piece of art made of three paintings connected to each other in a
way that allows the two outer ones to fold in towards the larger central one. In this sense, the “timeline” and “decision making
process” figuratively speaking fold in toward the “pipeline”.
• As a very basic approach, this framework aims to correct common pitfalls and, at the same time, use a business functional
language:
2 Elements
Framework
5. Operational Risk for practitioners v1.0 | July 2014 5
• It is important for operational risk practitioners assessing a business to understand the organization’s history and current status, in
order to identify the present and future risks the organization is facing.
• Past
When was the company founded?
Why was it founded?
What decisions we made in the past and what outcome they produced (accomplishments and failures)
How has its direction changed?
• Present
What are its existing product lines?
How many employees does the company have?
Where does it stand in its industry and marketplace?
Are sales on an upswing, level, or in a decline?
Can a decision be made and what sources of information do we need in order to decide?
• Future
What are its objectives and goals?
What does it plan for new markets and products?
To what extent past or present decisions constraint future one’s?
2 Elements
Timeline
6. Operational Risk for practitioners v1.0 | July 2014 6
• Business Functional Value Chain
A value chain is a group of activities that an organization performs in order to deliver a valuable product or service for
the market.
The concept was first described and popularized by Michael Porter in his 1985 best-seller, ”Competitive Advantage:
Creating and Sustaining Superior Performance”.
In Porter's value chains, Inbound Logistics, Operations, Outbound Logistics, Marketing and Sales and Service are
categorized as primary activities. Secondary activities include Procurement, Human Resource management,
Technological Development and Infrastructure.
For gaining the competitive advantages, Porter suggested that going through the chain of organization activities will add
more value to the product and services than the sum of added cost of these activities. And thus, the company will gain
marginal value for that product or service.
For that it needs a combination of value chain activities and a synchronization among all the related activities. Most of the
organizations set activities gathered around the processes of the following business functions:
• Primary business functions:
o Product
o Marketing
o Sales
• Secondary business functions
o Technical (Actuarial, Engineering, etc)
o Finance
o Human resources
o Technology
o Infrastructure
• Capabilities
We understand by capabilities those that are the sources and competences of an organization needed for it to survive and
grow.
We can divide them into:
• Tangible: Physical assets, People, Systems, Financial;
• Intangible: Intellectual capital
2 Elements
Pipeline
7. Operational Risk for practitioners v1.0 | July 2014 7
Based on P. Moscoso’s categorization, when assessing Operational Risks we should look at least at the following
attributes:
• Capacity: Throughput rates, Processors employment rates
• Flexibility: Product mix and system capacity
• Agility: Throughput time
• Efficiency: WIP, Direct labor
• Quality: Errors rate, Wasted time
Some of the tools we could look at when identifying what capabilities the organization has could be:
• Value chain: To achieve competitive advantage by delivering value to customers, we need to understand which
activities are important in creating value. The value chain describes the categories of activities which together
create a product or service.
• Value network: it is the set of interoganizational links and relationships that are necessary to create a product or
service. We need to understand the whole process and how they can manage these linkages and relationships to
improve customer value.
• Activity system maps: it shows the different activities of an organization that are linked together.
• Benchmarking: it is useful to understand how an organization’s strategic capability, in terms of internal process,
compare with those of other organizations. There are different approached to benchmarking(historical, industry or
sector and best-in-class benchmarking).
• SWOT: it summarizes the key issues from the business environment and the strategic capability of an
organization that are most likely to impact on strategy development. This tool is really only useful if it is
comparative, i.e. if it examines strengths, weaknesses, opportunities, and threats in relation to competitors.
• External factors
Based on G. Johnson and K. Scholes business environment analysis, external factors can be classified as follows:
• Macro-environment: a range of broad environmental factors that impacts to a greater or lesser extent to the
company. One of the most popular tool is the PEST framework, which leads to key drivers of change and those
ones to build scenarios of possible futures.
• Industry: this environment is made up of companies producing the same product or services. Mickael Porter’s five
forces analysis is a common tool to examine it.
• Competitors: in each market there are different companies with different characteristics and competing on different
basis. Analyzing the strategic groups (those with similar characteristics, following similar strategies of competing
on similar basis) will lead to identify the risk the company is facing. Also customer experience analysis will help to
identify opportunities to take into account.
2 Elements
Pipeline
8. Operational Risk for practitioners v1.0 | July 2014 8
• Risk based decision-making processes usually presents a very simplistic view.
• For instance, whenever an organization is preparing the forecast for next year, there is always a risk deriving from predicting the
future. This uncertainty over the benefits or cash-flows are called the business operational risks.
• This risk is, therefore, the uncertainty over which will be the final output of the forecasts done. That is why many Board of Directors
are more often willing to integrate the Risk Department within the financial annual forecast process.
• This simplistic view is not because of a low capacity of the Directors to understand risks. Usually, the reason is on the own
Operational Risk practitioner to use a common business language with them.
• Based on this reality, here is presented a 6 decision-making process based on the business decision tools Directors are using to
manage organizations:
2 Elements
Decision-making process
Threat /
opportunity
definition
Facts’
identification
Criteria and
prioritization
Alternatives’
setting
Decision-
making
Monitoring
9. Operational Risk for practitioners v1.0 | July 2014 9
• First of all, we need to measure the tone of the organization towards risks; that is to say, the culture of risks within the company at
all levels. Measuring culture of risk embeddedness is not an easy task for Operational Risk practitioners. A basic model based on
professors'’ Vroom and Lawler Expectancy theory, to analyze the culture of risk within the organization is summarized in the
following four steps’ process:
• In order to manage Operational Risks, practitioners needs to focus Directors, attention to some metrics (controls, KRIs, Risk Maps,
etc). All these will be presented at the Operational Risk Balance Scorecard, which requires four steps to create it:
In first place, we need to identify at least the three key variables that will allow the Chief Risk Officer to monitor the
operational risk state of art within the organization, and to set the target values for the desired time-frame:
1. Mission of the department and internal client added value,
2. Most critical Dimensions (in our example, Financial performance, impact, Internal processes, Business Lines
embeddedness and Learning and growth) and
3. Initiatives in place.
Then, we need to inform them from two different approaches: past experience and subject matter expert forecasts, both
from a objective and subjective approach:
• Past experience, we can gather the information from data bases of the deviations from previous years forecasts
and reality. In addition, we will include in the analysis the subject matter expert forecast.
• Subject matter expert forecasts, based on conducted interviews, it will be weight the different risk factors. This
analysis could be improved with optimistic and pessimistic scenarios.
In order to set appropriate levels of target performances and trends, we can infer from previous data what values should
be set in order to fulfill with the financial forecasts. Depending on the data available, the Chief Risk Officer could adopt two
different approaches:
• Qualitative approach, through the so called “strategic map”.
• Quantitative approach, through the OpVar calculations.
Finally, last step is to integrate the result on the Risk Committees. The objective is to set adequate action plans, allocate
enough resources to the initiatives and maintain aligned strategic workstream portfolio so the Risk Department is making
risk management function a value-adding function in the boardroom.
3 Tools
Culture of Risks and Balance Scorecards
10. Operational Risk for practitioners v1.0 | July 2014 10
Brief Bio
International Risk Management and Insurance senior
management expert, with over 13 years of experience in the
industry.
I have a broad experience in helping organizations step up
to their true potential. Uniquely positioned to talk about
operational risks and how to turn productivity into a healthier
organization.
I have lectured to professional groups and business
audiences.
Ignacio Reclusa
Risk Management and Insurance
M +34 677 023 800
www.ignacioreclusa.com
ignacioreclusa@gmail.com