The document discusses various strategic options and considerations for an organization, including closing or disposing of the business, acquiring other businesses, reorganizing internally, holding or increasing market share, adjusting or turning around products or markets, pursuing product or market development, and engaging in related or unrelated diversification. It notes that the best way forward for an organization depends on whether it pursues doing things differently, doing things better, and the appropriate rate of change.
Strategy Evaluation Matrix Framework by Madhuranath RMadhuranath R
The Strategy Evaluation Matrix is an original framework that can be used in the Strategic Planning process. After the SWOT factor analysis, several Strategic Options are generated based on the SWOT Matrix. These strategic options can be evaluated using the Strategy Evaluation Matrix (SEM) framework. SEM Framework allows users to objectively evaluate the strategic options based on the capability of the firm to execute the strategic option and the risks (financial, strategic, brand, etc.) associated with the execution of the strategy option. The criteria for allocating a specific strategic option into a specific quadrant of the framework is explained within the framework quadrant. - Madhuranath R
Strategy Evaluation Matrix Framework by Madhuranath RMadhuranath R
The Strategy Evaluation Matrix is an original framework that can be used in the Strategic Planning process. After the SWOT factor analysis, several Strategic Options are generated based on the SWOT Matrix. These strategic options can be evaluated using the Strategy Evaluation Matrix (SEM) framework. SEM Framework allows users to objectively evaluate the strategic options based on the capability of the firm to execute the strategic option and the risks (financial, strategic, brand, etc.) associated with the execution of the strategy option. The criteria for allocating a specific strategic option into a specific quadrant of the framework is explained within the framework quadrant. - Madhuranath R
Strategic management
Process of determining an organization’s basic mission and long-term objectives, and then implementing a plan of action for pursuing this mission and attaining these objectives
How to allocate finite resources to achieve long-term objectives
This slide is able to explain main concept of strategic management. And this is also suitable to student as well as others business people to know about some strategies.
Strategic Management, Process of Strategic Management, Phases of Strategic Management, Objectives, Nature of Objectives, Hierarchy of Objectives, Guidelines to set Objectives, Mission Statement, Vision, Corporate Strategy, Functional Strategy.
Strategic management
Process of determining an organization’s basic mission and long-term objectives, and then implementing a plan of action for pursuing this mission and attaining these objectives
How to allocate finite resources to achieve long-term objectives
This slide is able to explain main concept of strategic management. And this is also suitable to student as well as others business people to know about some strategies.
Strategic Management, Process of Strategic Management, Phases of Strategic Management, Objectives, Nature of Objectives, Hierarchy of Objectives, Guidelines to set Objectives, Mission Statement, Vision, Corporate Strategy, Functional Strategy.
BUSI 4940.001 Summer 5 Week 1 Class 1 Welcome.docxhumphrieskalyn
BUSI 4940.001 Summer 5 Week 1
Class 1: Welcome to our class!
1
A tough, challenging course
But so is management…and LIFE!
Identify and address strategic issues
Ambiguous, complex real-world issues
“Choice”, not solutions and answers
Five broad objectives:
Think – integrate; open; synthesis
Process – organized analysis & argument
Tools - mechanics
Communication – written/verbal
Teams – leverage for benefit; handle diversity
Not everyone wants to get into Management
General Overview
Name
Major
Something interesting -some suggestions----
about your work e.g. “I’m a bungee-jumping cord tester…”
About your family/home e.g. “I have 3 pet iguanas and 1 kangaroo”
About your hobbies/interests e.g. “I invented the internet.”
Syllabus
Blackboard Learn
Clickers – set up/test
CHANNEL 61
I’ve used clickers before
Yes
No
What’s a clicker?
I aspire to a management career
Yes
No
Not sure yet
Definition
A concrete expression of how an organization intends to compete and win in the marketplace
Strategy expressed in terms of
Goals
Product Focus and Market Focus
Value Proposition
Core Activities
What is Strategy?
Note the rising levels of risk, investment, uncertainty of implications, and time-frames as you move down the list below . . .
Choosing a cereal for breakfast
Making a withdrawal at the ATM
Purchasing an iPad
Purchasing a car
Sun-bathing
Getting an education
Being Strategic
They involve major investments
They have long-term implications, often in multiple areas
They often involve high levels of risk/uncertainty
The Nature of Strategic Actions
Remember that any action can be viewed as being strategic, depending on your frame of reference.
In the business context, your challenge is to think like the CEO, President or, General Manager of the organization, not as a VP of a functional area like Finance Marketing, Human Capital, etc. . . . ., and delineate those actions that are truly “strategic” from those that are “functional.”
The Nature of Strategic Actions
https://www.youtube.com/watch?v=Q96pCI8aOQQ
Which of these actions typically involve “strategic” decisions
for an organization?
Altering the products/services offered by the organization
Altering the markets serviced by the organization
Altering the way the organization creates value for its customers
Streamlining customer-service procedures
Increasing the size of the sales-force
Improving payment terms with buyers.
Switching to a different ERP-platform provider
Hiring a new marketing manager
On Being Strategic . . .
Which of these actions typically involve “strategic” decisions
for an organization?
Altering the products/services offered by the organization
Altering the markets serviced by the organization
Altering the way the organization creates value for its customers
Streamlining customer-service procedures
Increasing the size of the sales-force
Improving payment terms with buyers.
Switching to a different ERP ...
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𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) 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.
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Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
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. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Memorandum Of Association Constitution of Company.pptseri bangash
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
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
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RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
We will speak today of the options available to the organisation. This is an expansion of what you did before half term when covering strategic choice. Strategic Choice posed the question ‘Where do we go, what direction is best suited to our analysis. This presentation will run along the same lines however, I intend to add some meat on the bones and look at further aspects. Whatever decisions we make her will impact on the long term direction of the organisation & although they may not be set in stone at this stage they will be quite firm within the future business plan. Time spent on analysis at this stage will firm up the future and give us more idea where we are and where we want to be.
Page 18 Strategic Management & Business Analysis> David Williamson et al These analysis will draw up questions that need to be answered honestly and not glossed over. Senior management need to know the true facts and not what they want to hear. It is no good hiding and hoping. Remembering off course we are looking to secure the future , hopefully securing profit and growth within our objectives however, in today's economic environment, survival may be the key. I would suggest that the key to success is having a balanced portfolio (Virgin for example) where monies from cash cow companies funding cash hungry enterprises. Is this too idealistic?
Page 18 Strategic Management & Business Analysis. Whichever option is taken it must improve on the existing level of performance. The key to success is to have a balanced portfolio of diverse activities (Virgin for example) where monies from cash rich enterprises fund other growing, cash hungry enterprises. This will mean corporate management “fit together & manage both the financial and strategic coherence of all companies concerned”. Shareholders and stakeholder must be happy that effective use is made of company funds which is were effective use of the BCG matrix and GE matrix are so important in the decision making process. Your SWOT & PEST would be very useful here. DO not underestimate the influence or impact of your stakeholders! Look at the Cadbury / Kraft merger where would both fit? For example Cadbury their option are Do nothing, disposal, closure For Kraft – Acquisition – why?
Page 20: Strategic Analysis & Business Analysis. The models we have used to analyse the current position of the business will be useful when looking at making our directional selection. These will generate a number of selection opportunities for consideration. Analysis is key to the future of the organisation decision making. Analysis is ongoing. We will speak of each in turn. Hold or increase market share. Product Life Cycle Adjustment or turnaround of product or market. Product Life Cycle Product / market development. Ansoff / BCG Related / unrelated diversification. Ansoff / BCG
Page 21 /22 Strategic Management & Business Analysis. Re-launch, re-model, add extras, create brand loyalty Don’t forget we are talking of individual strategies here for individual product within our product portfolio. Functional product & project managers must be empowered to make decisions & the elimination of any blame culture crucial.. A product in this position would be within a very competitive market environment and will require constant improvement of not only the product but also the service offered. Perception of quality & branding (from the customers perspective play a huge part in the success. As technology and competitors offerings of our competitors change then we must adapt in order to maintain and enhance our advantage. Our strategies need to include a drive to improve quality (of product and service). If we cannot improve then we will need to consider withdrawing from the market Example: Motor industry; customers have very little loyalty and will be swayed into buying your product by WIIFM or excitement features (air con as standard ect) The concept of CI within a culture of CI is vital to the success
Page 22: Strategic Management & Business Analysis Slatter (1994) indicate there are 5 reason for this decline (see above). Some, if they recognise the issues early enough, will turn the situation around others will not (Sega games!) This is the scenario – poor customer service An organisation (or product) has lost it credibility (brand image and or reputation). We are being overrun by our competitors. What is happening is that market share is being lost and customer expectations of the product increase. (Related to the product life cycle) Think of the playstation and the launch of playstation 2. As manager we need to recognise when this is happening by keeping a close eye on our competitors and sales and be proactive. Look at Portsmouth FC – where do these fit?
Page 23: Strategic Business & Business Analysis Effectively this is repositioning the product for growth in other areas by switching to a different market 9(aguar with the X200) or adding a geographical area. Good example of re-positioning is Skoda when Volkswagen bought into them. Suddenly, the brand power of VW plus modifications to the design and excitement features allowed Skoda to become repositioned as a desirable product. Add the Mini which has been re-positioned by it’s owners BMW
Page 24 Strategic Management & Business Analysis From a market based perspective a related diversification will involve moving into new products & markets that have similar factors of production to the ones currently being served. For example a perfume retailer whose established market revolves around satisfying the female need may diversify into the manufacture and sale of men's cosmetics. In this case the selling, the brand and distribution would have similar features to that of the woman's perfume market, remembering many men buy perfume for their wives, girlfriends and mistresses! From a recourse based perspective we are looking to channel our core competencies and skills into new markets. An example would be Ford, who have a reputation for making cars, moving into the production of vans and lorries. We are using the skills of our people within the functional areas to diversify into a new market.
Page 29 Strategic Management & Business Analysis Clearly, the sooner an organisation can ‘sense’ the need for change the sooner it can avoid situation know as ‘strategic drift’ and the need to take violent remedial actions which can harm the structure and culture of the organisation for good and are painful to all concerned if it is to remain competitive. (remember the strategic position of M & S in the 90’s?). Slatter (1984) discussed turnaround and recovery strategies. He says that change can be influenced through selective recruitment and training programmes over time and that radical, knee-jerk reactions should be avoided. Many managers in this position will go for cost cutting as an immediate weapon to steady the ship however, Slatter warns that indiscriminate cost cutting can effect the long term balance of the organisation and effect the core competence. An example: If this college became debt bound & focussed on cost reductions through staff reductions then, short term, this would help. The long term effect however is that less tutors means less students and less courses which would reduce revenue even further. Remember, redundancies can effect the core competence of the organisation.
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