Strategic formulation in Strategic managementYamini Kahaliya
ย
This presentation is on Strategy formulation(of subject strategic management) and it covers following points :-
Define strategy formulation
Need of strategy formulation
Steps of strategy formulation
Problems in strategy formulation
Levels of strategy
Strategic formulation in Strategic managementYamini Kahaliya
ย
This presentation is on Strategy formulation(of subject strategic management) and it covers following points :-
Define strategy formulation
Need of strategy formulation
Steps of strategy formulation
Problems in strategy formulation
Levels of strategy
What is Finance, Approaches to finance function, Traditional approach, Modern approach, Limitations Of Traditional Approach, Profit maximization approach, Wealth Maximisation approach,
this presentation is on Strategic management.
It covers following topics in detail -
Introduction of strategic management
Definition of strategic management
Mintzbergโs Views of Strategy
Features of strategic management
Role of strategic management
Process of strategic management
Need of Strategic management
Benefits of Strategic management
Limitations of strategic management
Mission & Vision
Define finance and the managerial finance function. Describe the goal of the firm, and explain why maximizing the value
of the firm is an appropriate goal for a business. Describe the nature of the principalโagent relationship
between the owners and managers of a corporation, and
explain how various corporate governance mechanisms attempt
to manage agency problems.
What is Finance, Approaches to finance function, Traditional approach, Modern approach, Limitations Of Traditional Approach, Profit maximization approach, Wealth Maximisation approach,
this presentation is on Strategic management.
It covers following topics in detail -
Introduction of strategic management
Definition of strategic management
Mintzbergโs Views of Strategy
Features of strategic management
Role of strategic management
Process of strategic management
Need of Strategic management
Benefits of Strategic management
Limitations of strategic management
Mission & Vision
Define finance and the managerial finance function. Describe the goal of the firm, and explain why maximizing the value
of the firm is an appropriate goal for a business. Describe the nature of the principalโagent relationship
between the owners and managers of a corporation, and
explain how various corporate governance mechanisms attempt
to manage agency problems.
Strategic financial management[1] is the study of finance with a long-term view considering the strategic goals of the enterprise. Financial management is nowadays increasingly referred to as "Strategic Financial Management" so as to give it an increased frame of reference.
To understand what strategic financial management is about, we must first understand what is meant by the term "Strategic". Which is something that is done as part of a plan that is meant to achieve a particular purpose.
Therefore, Strategic Financial Management is that aspect of the overall plan of the organization that concerns financial managers. This includes different parts of the business plan, for example, marketing and sales plan, production plan, personnel plan, capital expenditure, etc. These all have financial implications for the financial managers of an organization.
๏ผ Set of decision and actions resulting in formulating and implementation of strategies designed to achieve the objectives of an organization.
Art & science of formulating, implementing, and evaluating, cross-functional decisions that enable an organization to achieve its objectives.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
ย
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
ย
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
"๐ฉ๐ฌ๐ฎ๐ผ๐ต ๐พ๐ฐ๐ป๐ฏ ๐ป๐ฑ ๐ฐ๐บ ๐ฏ๐จ๐ณ๐ญ ๐ซ๐ถ๐ต๐ฌ"
๐๐ ๐๐จ๐ฆ๐ฌ (๐๐ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
๐๐ ๐๐จ๐ฆ๐ฌ provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
โญ ๐ ๐๐๐ญ๐ฎ๐ซ๐๐ ๐ฉ๐ซ๐จ๐ฃ๐๐๐ญ๐ฌ:
โข 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
โข SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
โขFreenBecky 1st Fan Meeting in Vietnam
โขCHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
โข WOW K-Music Festival 2023
โข Winner [CROSS] Tour in HCM
โข Super Show 9 in HCM with Super Junior
โข HCMC - Gyeongsangbuk-do Culture and Tourism Festival
โข Korean Vietnam Partnership - Fair with LG
โข Korean President visits Samsung Electronics R&D Center
โข Vietnam Food Expo with Lotte Wellfood
"๐๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ง๐ญ ๐ข๐ฌ ๐ ๐ฌ๐ญ๐จ๐ซ๐ฒ, ๐ ๐ฌ๐ฉ๐๐๐ข๐๐ฅ ๐ฃ๐จ๐ฎ๐ซ๐ง๐๐ฒ. ๐๐ ๐๐ฅ๐ฐ๐๐ฒ๐ฌ ๐๐๐ฅ๐ข๐๐ฏ๐ ๐ญ๐ก๐๐ญ ๐ฌ๐ก๐จ๐ซ๐ญ๐ฅ๐ฒ ๐ฒ๐จ๐ฎ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐จ๐ฎ๐ซ ๐ฌ๐ญ๐จ๐ซ๐ข๐๐ฌ."
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
ย
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. Youโll also learn
โข Four (4) workplace discipline methods you should consider
โข The best and most practical approach to implementing workplace discipline.
โข Three (3) key tips to maintain a disciplined workplace.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
ย
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Memorandum Of Association Constitution of Company.pptseri bangash
ย
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
ย
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
Website Link :
https://skyeresidences.com/
https://skyeresidences.com/about-us/
https://skyeresidences.com/gallery/
https://skyeresidences.com/rooms/
https://skyeresidences.com/near-by-attractions/
https://skyeresidences.com/commute/
https://skyeresidences.com/contact/
https://skyeresidences.com/queen-suite-with-sofa-bed/
https://skyeresidences.com/queen-suite-with-sofa-bed-and-balcony/
https://skyeresidences.com/queen-suite-with-sofa-bed-accessible/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-king-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed-accessible/
#Skye Residences Etobicoke, #Skye Residences Near Toronto Airport, #Skye Residences Toronto, #Skye Hotel Toronto, #Skye Hotel Near Toronto Airport, #Hotel Near Toronto Airport, #Near Toronto Airport Accommodation, #Suites Near Toronto Airport, #Etobicoke Suites Near Airport, #Hotel Near Toronto Pearson International Airport, #Toronto Airport Suite Rentals, #Pearson Airport Hotel Suites
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
ย
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website โ www.pmday.org
Youtube โ https://www.youtube.com/startuplviv
FB โ https://www.facebook.com/pmdayconference
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
The Parable of the Pipeline a book every new businessman or business student ...
ย
strategic financial management
1. CHAPTER 1
Financial Policy and Corporate Strategy
BASIC CONCEPTS
1. Strategic Management Decision Making Frame Work
Strategic management is a systems approach, which is concerned with where the
organization wants to reach and how the organization proposes to reach that position. It
intends to run an organization in a systematised fashion by developing a series of plans
and policies known as strategic plans, functional policies, structural plans and
operational plans.
2. Strategy at Different Levels
Strategies at different levels are the outcomes of different planning needs.
โข Corporate Strategy: At the corporate level planners decide about the objective or
objectives of the firm along with their priorities. A corporate strategy provides with
a framework for attaining the corporate objectives under values and resource
constraints, and internal and external realities.
โข Business Strategy: It is the managerial plan for achieving the goal of the
business unit. However, it should be consistent with the corporate strategy of the
firm and should be drawn within the framework provided by the corporate
planners.
โข Functional Strategy: It is the lowest level plan to carry out principal activities of a
business. Functional strategy must be consistent with the business strategy, which
in turn must be consistent with the corporate strategy.
3. Basic Issues Addressed Under Financial Planning
Financial planning is the backbone of the business planning and corporate planning. It
helps in defining the feasible area of operation for all types of activities and thereby
defines the overall planning framework. Outcomes of the financial planning are the
financial objectives, financial decision-making and financial measures for the evaluation
of the corporate performance.
โข Profit Maximization versus Wealth Maximization: Profit may be an important
consideration for businesses but not its maximization because profit maximization
as a financial objective suffers from multiple limitations. Wealth maximisation, on
the other hand, is measured in terms of its net present value to take care of both
risk and time factors. Wealth ensures financial strength of the firm, long term
solvency and viability. It can be used, as a decision criterion in a precisely defined
ยฉ The Institute of Chartered Accountants of India
2. 1.2 Strategic Financial Management
manner and can reflect the business efficiency without any scope for ambiguity.
โข Cash Flow: It deals with the movement of cash and as a matter of conventions,
refers to surplus of internally generated funds over expenditures.
โข Credit Position: It describes its strength in mobilizing borrowed money. In case
the internal generation of cash position is weak, the firm may exploit its strong
credit position to go ahead in the expansion of its activities.
โข Liquidity Position of the Business: It describes the extent of idle working capital.
It measures the ability of the firm in handling unforeseen contingencies.
4. Interface of Financial Policy and Strategic Management
Financial policy of a company cannot be worked out in isolation of other functional
policies. It has a wider appeal and closer link with the overall organizational
performance and direction of growth.
โข Sources of finance and capital structure are the most important dimensions of a
strategic plan. The need for fund mobilization to support the expansion activity of
firm is utmost important for any business.
โข Policy makers should decide on the capital structure to indicate the desired mix of
equity capital and debt capital.
โข Another important dimension of strategic management and financial policy
interface is the investment and fund allocation decisions.
โข Dividend policy is yet another area for making financial policy decisions affecting
the strategic performance of the company. A close interface is needed to frame the
policy to be beneficial for all.
5. Balancing Financial Goals Vis-ร-Vis Sustainable Growth
Sustainability means development of the capability for replicating oneโs activity on a
sustainable basis. The weak concept of sustainability requires that the overall stock of
capital assets should remain constant. It refers to preservation of critical resources to
ensure support for all, over a long time horizon. The strong version is concerned with
the preservation of resources under the primacy of ecosystem functioning. In terms of
economic dimension, sustainable development rejects the idea that the logistic system
of a firm should be knowingly designed to satisfy the unlimited wants of the economic
person. A firm has to think more about the collective needs and less about the personal
needs. This calls for taking initiatives to modify, to some extent, the human behaviour.
The other economics dimension of sustainability is to decouple the growth in output of
firm from the environmental impacts of the same.
6. Principles of Valuation
Choice of the degree of sustainability approach for sustainability and modification in the
sustainability principle must be based on financial evaluation of the alternative schemes
ยฉ The Institute of Chartered Accountants of India
3. Financial Policy and Corporate Strategy 1.3
in terms of financial and overall corporate objectives.
โข Valuation Method: This method depends on demand curve approach by either
making use of expressed preferences or making use of revealed preferences.
โข Pricing Method: This method is a non-demand curve approach that takes into
consideration either opportunity costs or alternative costs or shadow projects or
government payments or those response methods depending on the nature of the
problem and environmental situation.
Valuation methods are in general more complex in implementation than pricing
methods. But demand curve methods are more useful for cases where it seems likely
that disparity between price and value is high.
Question 1
Discuss the importance of strategic management in todayโs scenario?
Answer
Importance of Strategic Management
Strategic management intends to run an organization in a systematized fashion by developing a
series of plans and policies known as strategic plans, functional policies, structural plans and
operational plans. It is a systems approach, which is concerned with where the organization wants
to reach and how the organization proposes to reach that position. Thus, strategic management is
basically concerned with the futurity of the current decisions without ignoring the fact that
uncertainty in the system is to be reduced, to the extent possible, through continuous review of the
whole planning and implementation process. It is therefore necessary for an organization
interested in long run survival and command over the market, to go for strategic planning and the
planning process must be holistic, periodic, futuristic, intellectual and creative with emphasis given
on critical resources of the firm otherwise, the organization will fall in the traps of tunneled and
myopic vision.
Question 2
Explain the different levels of strategy.
Answer
Strategies at different levels are the outcomes of different planning needs. There are basically
three types of strategies:
(a) Corporate Strategy: At the corporate level planners decide about the objective or
objectives of the firm along with their priorities and based on objectives, decisions are
taken on participation of the firm in different product fields. Basically a corporate strategy
provides with a framework for attaining the corporate objectives under values and
resource constraints, and internal and external realities. It is the corporate strategy that
describes the interest in and competitive emphasis to be given to different businesses of
ยฉ The Institute of Chartered Accountants of India
4. 1.4 Strategic Financial Management
the firm. It indicates the overall planning mode and propensity to take risk in the face of
environmental uncertainties.
(b) Business Strategy: It is the managerial plan for achieving the goal of the business unit.
However, it should be consistent with the corporate strategy of the firm and should be
drawn within the framework provided by the corporate planners. Given the overall
competitive emphasis, business strategy specifies the product market power i.e. the way
of competing in that particular business activity. It also addresses coordination and
alignment issues covering internal functional activities. The two most important internal
aspects of a business strategy are the identification of critical resources and the
development of distinctive competence for translation into competitive advantage.
(c) Functional Strategy: It is the low level plan to carry out principal activities of a business.
In this sense, functional strategy must be consistent with the business strategy, which in
turn must be consistent with the corporate strategy. Thus strategic plans come down in a
cascade fashion from the top to the bottom level of planning pyramid and performances
of functional strategies trickle up the line to give shape to the business performance and
then to the corporate performance.
Question 3
Discuss the methods of valuation in brief.
Answer
The evaluation of sustainable growth strategy calls for interface of financial planning approach with
strategic planning approach. Choice of the degree of sustainability approach for sustainability and
modification in the sustainability principle must be based on financial evaluation of the alternative
schemes in terms of financial and overall corporate objectives. There are two alternative methods
for evaluation. They are:
(a) Valuation Method: Valuation method depends on demand curve approach by either
making use of expressed preferences or making use of revealed preferences.
(b) Pricing Method: Pricing method is a non-demand curve approach that takes into
consideration either opportunity costs or alternative costs or shadow projects or
government payments or those response methods depending on the nature of the
problem and environmental situation.
Valuation methods are in general more complex in implementation than pricing methods. But
demand curve methods are more useful for cases where it seems likely that disparity between
price and value is high.
Question 4
Explain briefly, how financial policy is linked to strategic management.
ยฉ The Institute of Chartered Accountants of India
5. Financial Policy and Corporate Strategy 1.5
Answer
The success of any business is measured in financial terms. Maximising value to the shareholders
is the ultimate objective. For this to happen, at every stage of its operations including policy-
making, the firm should be taking strategic steps with value-maximization objective. This is the
basis of financial policy being linked to strategic management.
The linkage can be clearly seen in respect of many business decisions. For example :
(i) Manner of raising capital as source of finance and capital structure are the most
important dimensions of strategic plan.
(ii) Cut-off rate (opportunity cost of capital) for acceptance of investment decisions.
(iii) Investment and fund allocation is another important dimension of interface of strategic
management and financial policy.
(iv) Foreign Exchange exposure and risk management.
(v) Liquidity management
(vi) A dividend policy decision deals with the extent of earnings to be distributed and a close
interface is needed to frame the policy so that the policy should be beneficial for all.
(vii) Issue of bonus share is another dimension involving the strategic decision.
Thus from above discussions it can be said that financial policy of a company cannot be
worked out in isolation to other functional policies. It has a wider appeal and closer link with
the overall organizational performance and direction of growth.
Question 5
Explain the Interface of Financial Policy and Strategic Management.
Answer
The interface of strategic management and financial policy will be clearly understood if
we appreciate the fact that the starting point of an organization is money and the end
point of that organization is also money. No organization can run an existing business
and promote a new expansion project without a suitable internally mobilized financial
base or both internally and externally mobilized financial base.
Sources of finance and capital structure are the most important dimensions of a
strategic plan. The generation of funds may arise out of ownership capital and or
borrowed capital. A company may issue equity shares and / or preference shares for
mobilizing ownership capital.
Along with the mobilization of funds, policy makers should decide on the capital
structure to indicate the desired mix of equity capital and debt capital. There are some
norms for debt equity ratio. However this ratio in its ideal form varies from industry to
industry. It also depends on the planning mode of the organization under study.
ยฉ The Institute of Chartered Accountants of India
6. 1.6 Strategic Financial Management
Another important dimension of strategic management and financial policy interface is
the investment and fund allocation decisions. A planner has to frame policies for
regulating investments in fixed assets and for restraining of current assets. Investment
proposals mooted by different business units may be addition of a new product,
increasing the level of operation of an existing product and cost reduction and efficient
utilization of resources through a new approach and or closer monitoring of the
different critical activities.
Now, given these three types of proposals a planner should evaluate each one of them
by making within group comparison in the light of capital budgeting exercise.
Dividend policy is yet another area for making financial policy decisions affecting the
strategic performance of the company. A close interface is needed to frame the policy
to be beneficial for all. Dividend policy decision deals with the extent of earnings to be
distributed as dividend and the extent of earnings to be retained for future expansion
scheme of the firm.
It may be noted from the above discussions that financial policy of a company cannot
be worked out in isolation of other functional policies. It has a wider appeal and closer
link with the overall organizational performance and direction of growth. These policies
being related to external awareness about the firm, specially the awareness of the
investors about the firm, in respect of its internal performance. There is always a
process of evaluation active in the minds of the current and future stake holders of the
company. As a result preference and patronage for the company depends significantly
on the financial policy framework. And hence attention of the corporate planners must
be drawn while framing the financial policies not at a later stage but during the stage of
corporate planning itself.
ยฉ The Institute of Chartered Accountants of India