Strategy Implementation: 10 Strategy Implementation Tasks
Effective strategy implementation requires reallocating resources to ensure that relevant business-units have sufficient budgets to do their work successfully.
Competitive Strength Assessment
Systematic assessment of a company’s competitive position is essential in the analysis of the company. Competitive Strengths Assessment helps in assessing whether a company’s competitive position in the marketplace is strong or weak relative to close competitors. Through Competitive Strengths Assessment, a broad-based assessment is made of a company’s competitive position and strength. This step…
Strategic Cost Analysis
Strategic cost analysis focuses on a firm’s cost position relative to its rivals. It involves comparing a company’s cost position relative to key competitors, activity by activity, from raw materials purchase to the price paid by ultimate consumers. A company must know how its costs compare with rivals’ costs. Usually, disparities in cost among rival…
Value Chain Analysis
Value chain analysis identifies the primary activities that create value for customers and related support activities. Value chain analysis is viewed as a means of evaluating a firm’s strengths and weaknesses.
Total Quality Management (TQM)
TQM is a philosophy of management that is driven by the constant attainment of customer satisfaction through the continuous improvement of all organizational processes.
Strategic Control: 3 Types of Strategic Control
Strategic control specifically aims at ensuring that the organization is maintaining an effective alignment with its environment and moving toward achieving its strategic goals.
Six Sigma: Quality Control Tools Used in Six Sigma
Six Sigma methodology improves any existing business process by constantly reviewing and re-tuning the process.
Strategic Change: 7 Steps of Strategic Change Process
Strategic change is viewed as the movement of a company away from its present state toward some desired future state to increase its competitive advantage.
Strategy Evaluation: Necessity, Requirements, Strategy Evaluation Framework
In fact, in strategy evaluation, managers review or appraise the progress in the performance related to strategy implementation.
Evaluating Strategies of Diversified Companies in 8 Steps
Whatever strategies a diversified company chooses for strengthening its position and performance, they should be properly analyzed and evaluated. Some systematic procedures need to be followed so that corporate managers can assess the potential and present caliber of the various business units under the corporate umbrella. Such analysis and evaluation would help them decide what…
Stakeholder Analysis
Organization’s challenge is to balance the needs of the different persons, groups of people and organizations that have some kind of stake or interest in the organization. They are called stakeholders.
Balanced Scorecard: A Tool for Strategic Control
Balanced Scorecard emphasizes “what cannot be measured cannot be improved” and the scorecard either measured quantitatively or qualitatively.
Framework for Institutionalizing Successful Change Programs
Institutionalization framework identifies organization characteristics, intervention characteristics, institutionalization process and indicators of institutionalization.
3 Components for Building a Capable Organization
3 Components for Building a Capable Organization are; (1) Developing competent personnel, (2) Competitive organizational capabilities, and (3) Dynamic organization structure.
Business Process Reengineering
Reengineering involves redesigning operations of organizations to avoid bottlenecks arid duplication of effort. In the traditional system, pieces of related activities in a business-process are performed in various departments. However, in reengineering, work-efforts are redesigned in such a way that all pieces of related activities are. performed by relevant employees in a group. All relevant…