Information Technology Policy and Strategy
|
|
- Ann Hodges
- 6 years ago
- Views:
Transcription
1 Information Technology Policy and Strategy Lecturer/Convenor: Richard Boateng, PhD. Office: UGBS RT18 (rooftop) The Concept of Strategy Research Methods Dr Richard Boateng 1
2 Class Website 2
3 Objectives of the Session to ensure that students understand the business model and strategy; and to enable students to analyze the three components of a business model strategy, capabilities, and value through a business model audit 3
4 Course Readings - Recommended 1. Applegate, L.M., R.D. Austin and F.W. McFarlan (2010) Corporate Information Strategy and Management:Text and Cases (8th ed). New York: Irwin/McGraw Hill, Bower, J. & Gilbert, C. (2007). How managers everyday decisions create or destroy your company s strategy. Harvard Business Review. 3. Broadbent, M. and Kitzis, E., (2004). The New CIO Leader: Setting the Agenda and Delivering Results, Harvard Business School Press. 4. Other relevant readings on IS Policy which will be made available in class. 4
5 Assessment Group Assignments 15 % Individual Assignments 15% 5
6 Business Model: Framework and Definition A business model defines how an organization 1. interacts with its environment to define a unique strategy, 2. attract the resources and build the capabilities required to 3. execute the strategy, and create value for all stakeholders. 6
7 Analyzing Strategy Strategy is a series of choices that determine the opportunities you pursue and the market potential of those opportunities. Applegate et al. (2009) Competitive Strategy is about being different. It is about deliberately choosing a different position and set of activities that enable you to deliver unique value. Porter (1996) Porter, M. (1996) What is strategy? Harvard Business Review, November-December, p. 64 7
8 Strategic Choices or Positions Define revenue drivers for a firm and its potential for growth over time. Applegate et al. (2009) Strategy is not just about now but also about the future. Sustaining value is more critical. 1. Market Positioning determines the choice of customers to serve, the needs an expectations that will be met, the channels that will be used to reach the customers. 2. Product Positioning determines the choice of products and services to offer, the features of those offerings and the price that will be charged. 8
9 Strategic Choices or Positions Define revenue drivers for a firm and its potential for growth over time. Applegate et al. (2009) Strategy is not just about now but also about the future. Sustaining value is more critical. 3. Business Network Positioning determines the role an organization plays and the activities it performs within an extended network of suppliers, producers, distributors and partners. 4. Boundary Positioning determines markets, products and businesses that will NOT be pursued. 9
10 Strategic Choices or Positions Define revenue drivers for a firm and its potential for growth over time. Applegate et al. (2009) Strategy is not just about now but also about the future. Sustaining value is more critical. Sustainable Advantage occurs when barriers exist that make it difficult for competitors to imitate or substitute a firm s actions (including products and services) or for customers to switch. Not that imperfect imitation or substitution may still affect sustainable advantage. 10
11 Business Model Audit Strategy 1. Business context 2. Competitors and substitutes 3. Business network Capabilities 1. Processes and Infrastructure 2. Evaluate people and partners 3. Organization and culture 4. Leadership and governance Value 1. Internal and External Stakeholders 2. Business model drivers and alignment 3. Financial model and determine financing needs 11
12 Business Model Strategy Audit To effectively position a firm, a business model strategy audit becomes necessary. Analyze Business Context What businesses are we in? 1. Examine industry and competitive dynamics and consider relevant demographic, economic, political, regulatory, and societal factors that could influence or influences the business. 2. Identify key trends which either positively or negatively impact the industry and disruptors/game changers = opportunity or threat 3. Identify opportunities to be pursued and those which will NOT be pursued and associated risks. 12
13 Business Model Strategy Audit To effectively position a firm, a business model strategy audit becomes necessary. Analyze Customers What customers are we serving? 1. Identify key problems of customers and how does your products and services address them. Market research, internal customer information and be the customer experience the customer s frustration. 2. Segmentation of customer may be necessary demographics, geographic, psychographics and behavior. IT may play a key role to achieve learn about the customers. 13
14 Business Model Strategy Audit To effectively position a firm, a business model strategy audit becomes necessary. Analyze Competitors and Substitutes What alternatives are in the market or in development? 1. What makes your competitors products and services different from your product and services? 2. Do the differences matter? Are the customers willing to pay for the differences? What can customers afford? 3. Do competitors posses any specific resources which are unique, proprietary and unsubstitutable? 4. Barriers of entry low or high? IT may play a key role to achieve learn about the competitors. 14
15 Business Model Strategy Audit To effectively position a firm, a business model strategy audit becomes necessary. Analyze Business Network What is the value of the firm in its industry value chain? 1. Identify and understand the role an organization plays and the activities it performs within an extended network of suppliers, producers, distributors and partners. 2. What are the relationships between the various players? 3. Who controls key resources and capabilities in the industry and how powerful or influential are these players? IT may play a key role to achieve learn about the competitors. 15
16 Analyzing Capabilities Resources are Assets and Capabilities for detecting and responding to market opportunities and threats. (Wade and Hulland, 2004) Assets are considered as anything tangible or intangible which a firm uses in its processes for creating, producing, and/or offering its products (goods or services) to a market. Capabilities are repeatable patterns of actions in the use of assets to create, produce, and/or offer products to a market. (Sanchez et al., 1996 in Wade and Hulland, 2004) Sanchez, R., Heene, A. and Thomas, H. (1996) Introduction: Towards the Theory and Practice of Competence-Based Competition, Oxford: Pergamon Press. Wade, M. and Hulland, J. (2004) Review: The Resource-Based View and Information Systems Research: Review, Extension and Suggestions for Future Research, MIS Quarterly, Volume 28, Number 1, pp
17 Analyzing Capabilities To effectively position a firm, a business model capability audit becomes necessary. Analyze Processes and Infrastructure 1. Identify and understand the core processes required to produce products, deliver services, acquire and serve customers, manage relationships with key stakeholders and innovate products and services continuously. 2. Identify support processes which enable all core processes (including human resource, finance, accounts et cetera). 3. What is the role of IT in executing all these core processes? 17
18 Analyzing Capabilities To effectively position a firm, a business model capability audit becomes necessary. Analyze People and Partners 1. Does the company have the expertise to carry out required activities and processes? 2. Does the company have reputation to attract and retain top talent? Is it losing employees to competitors? 3. Is there an comprehensive HR policy in place to govern recruiting, compensation, performance evaluation and training and development? IT may play a key role to manage knowledge in the organization. 18
19 Analyzing Capabilities To effectively position a firm, a business model capability audit becomes necessary. Assess Organization and Culture 1. Does the organization design conflict in the conduct of processes and activities? 2. Does a system of accountability and decision-making authority exist? 3. Does an informal culture support or hinder individuals and groups a they attempt to fulfill their responsibilities? 4. Do shared vision enable cooperation between employees and partners of the firm? 19
20 Analyzing Capabilities To effectively position a firm, a business model capability audit becomes necessary. Evaluate Leadership and Governance 1. Does the company have governance systems and structures to balance creativity and vision needed to set goals and prioritize investments with the discipline to execute and deliver results. Governance systems include strategic controls (defining strategy and goals); operational controls (short-term objectives); risk management and development of shared values and culture. 2. Do leaders at all levels balance creativity and innovation and execution.? 20
21 Analyzing Value Value delivered to all stakeholders Intangible or tangible expectation/substance for which a firm may trade or exchange another resource To effectively position a firm, a business model value audit becomes necessary. Identify Internal and External Stakeholders 1. Who are the firms internal and external stakeholder and what are their interests and expectation? 2. Are these stakeholders will to pay? Can the firm attract and retain them motivate them to spend? 21
22 Analyzing Value To effectively position a firm, a business model value audit becomes necessary. Identify Business Model Drivers and Alignment 1. What are the key strengths, weaknesses, opportunities or threats identified in the whole audit process? 2. Does IT enable each of the drivers of economic value? Develop a financial model and determine financing needs 1. What assumptions have been made concerning drivers of revenue, costs and asset efficiency? 2. Determine the Return on Equity (ROE) for profit firms. 22
23 Analyzing Business Model Linkages 23
24 Using the DuPont Formula to Deconstruct ROE Profit Margin is a measure of the company s success at turning revenues into profits. For every dollar of revenue how much of that dollar goes to net income (profit). Net Income = Revenue - Expenses 24
25 Using the DuPont Formula to Deconstruct ROE Asset Efficiency measures of the efficiency with which an organization utilizes its assets by answering the question: How many dollars of revenue do we generate for each dollar of assets on our products? Intangible assets are often not quantified. 25
26 Using the DuPont Formula to Deconstruct ROE Leverage measures of the percentage of a company s assets that would be available to shareholders if the company was sold after subtracting how much of the assets would be needed to pay off creditors. For every dollar of value created, how much goes to increasing shareholder value? 26
27 Business Model Audit Strategy 1. Business context 2. Competitors and substitutes 3. Business network Capabilities 1. Processes and Infrastructure 2. Evaluate people and partners 3. Organization and culture 4. Leadership and governance Value 1. Internal and External Stakeholders 2. Business model drivers and alignment 3. Financial model and determine financing needs 27
28 Evolving Business Models Enhance: Incremental improvements to existing business models Expand: Launch new product categories, enter markets, or expand capabilities, Explore: Launch new businesses and build new capabilities Exit: Exist a product or market or outsource a capability. 28
29 Assignment 1. Read the Discussion Note on Strategic Information Systems Planning 2. Download and read four academic articles on SISP. 3. Develop a powerpoint presentation on how to conduct SISP outlining the steps required. 4. Powerpoint presentation should be less than 20 slides. 29
Angel Investor Due Diligence Checklist
Angel Investor Due Diligence Checklist 1. Preliminary items to review 1.1 Exec summary, business plan and presentation slides 1.2 Financial projections, current financials & balance sheet, P&L report 1.3
More informationMGMT Strategy & Organizations Strategic Planning The Internal Environment
Strategic Planning The Internal Environment These slides correspond to chapter 3 in the Hitt text Competitive Advantage Firms achieve strategic competitiveness and earn above-average returns when their
More informationPart I: THE STRATEGIC POSITION. Dr. Vera Butkouskaya verapetrovna.com
Part I: THE STRATEGIC POSITION Dr. Vera Butkouskaya vera.butkouskaya@uab.cat verapetrovna.com In this topic Analysis of External Environment (PESTLE, scenarios) Industry analysis (Porter s 5 forces) Competitors
More information1. Which term is used for the overall purpose of the organisation? Mission Vision Goal Strategic capability
Ch.1 1. Which type of strategy is most likely to relate to the expectations of the shareholders and the stock market? Corporate-level Business-level Operational Strategic-business-level 1. What is the
More informationPositioning Marketing research
Positioning Marketing research Dr. Stephen Fanning Directions Section 1 provided the philosophy Section 2 provided the theory Section 3 is the application of philosophy & theory of marketing. Beginning
More informationThe process of evaluating an organization s resources and capabilities. Provides information on organization s assets, skills, and work activities.
WHAT IS AN INTERNAL ANALYSIS? The process of evaluating an organization s resources and capabilities. Provides information on organization s assets, skills, and work activities. What is good? What is lacking?
More informationStrategic Human Resource Management. Learning Outcomes A DEFINITION OF STRATEGY
Strategic Human Resource Management Learning Outcomes By the end of this module you will be able to: Explain the purpose of strategic planning in an organisation Demonstrate the ability to explain the
More informationFeasibility Analysis Workbook
Feasibility Analysis Workbook A feasibility analysis, or feasibility study, is used to assess the strengths and weaknesses of a proposed project, policy, product or service for its capability to achieve
More informationSTRUCTURING THE ANALYSIS AND EVALUATION
Oxford Brookes University BSc (Hons) in Applied Accounting Research and Analysis Project STRUCTURING THE ANALYSIS AND EVALUATION Updated: Aug 2018 Contact: shan@obumentorship.com Website: www.obumentorship.com
More informationManagement Information Systems
Management Information Systems Achieving Competitive Advantage with Information Systems Lecturer: Richard Boateng, PhD. Lecturer in Information Systems, University of Ghana Business School Executive Director,
More informationIntroduction 3/12/2014 9:01 AM
Introduction 3/12/2014 9:01 AM Marketing process of planning and executing the conception, pricing, promotion and distribution of goods services and ideas to create exchange processes with target groups
More informationDECA Ryerson Case Guides Business to Business Marketing
Key Terms Acquisition Costs: The incremental costs involved in obtaining a new customer. Agent: A business entity that negotiates, purchases, and/or sells, but does not take title to the goods. Benchmark:
More informationChapter 4 The Internal Assessment
Chapter 4 The Internal Assessment Strategic Management: Concepts & Cases 13 th Edition Fred David Ch 4-1 Ch 4-2 Internal Assessment Great spirits have always encountered violent opposition from mediocre
More informationWhat affects our business from the outside? External Environmental Analysis. The External Environment
Chapter 2 The External : Opportunities, Threats, and Industry Competition, and Competitor Analysis What affects our business from the outside? 1 External al Analysis A continuous process which includes
More informationChapter 3. Information Systems, Organizations, Management, and Strategy. Lecturer: Dr Richard Boateng
Chapter 3 Essentials of Management Information Systems, 6e Information Systems, Organizations, Management, and Strategy Lecturer: Dr Richard Boateng Email: richard@pearlrichards.org 1 2 Class Website www.vivauniversity.wordpress.com
More informationContents. Chapter 1 Strategic Marketing Management An Introduction Chapter 2 Marketing Strategy and Planning 26-52
Contents Part I- Introduction to Strategic Marketing Chapter 1 Strategic Marketing Management An Introduction 3-25 Chapter 2 Marketing Strategy and Planning 26-52 Chapter 3 Business Strategy and Competitive
More informationChapter 2. The External Environment. Copyright 2004 South -Western. All rights reserved. 2 2
1 Chapter Chapter 2 The External Environment PowerPoint slides by: R. Dennis Middlemist Colorado State University 2 Copyright 2004 South -Western All rights reserved. The Strategic Management Process 3
More informationMGX5181 International Business Strategy
MGX5181 International Business Strategy Week 7 Corporate Level Strategy Configuration and coordination The international value chain Objectives By the end of this session students should be able to: Understand
More informationA Situational Strategic Management Approach to Case Analysis: Classroom Methodology for Situation-Analytical and Critical Thinking
A Situational Strategic Management Approach to Case Analysis: Classroom Methodology for Situation-Analytical and Critical Thinking Michael D. Skipton Memorial University of Newfoundland This Approach is
More informationConduct Internal Analysis. Complete SWOT Assessment
Do you have a Strategic Plan? Is it focused on your unique market position (or unique selling proposition)? Or is it primarily focused on financials and operations issues? Strategic Marketing Plans identify
More informationAnalyzing Organizations Strategically Undergraduate Level Professor: G. Tyge Payne, PhD
Analyzing Organizations Strategically Undergraduate Level Professor: G. Tyge Payne, PhD Overview of Organizational Strategic Analysis Projects The strategic analysis projects are designed to allow you
More informationManagement Courses-1
Management Courses-1 MGT 201/Management Principles and Practices Provides an introduction to the core concepts and theories of management. Emphasis is on developing a theoretical foundation in the various
More informationSession 4. Essentials of Planning
Session 4 Essentials of Planning Basics of Planning Planning is defined as the process of coping with uncertainty by formulating future courses of action to achieve specific results Planning sets the stage
More informationLearningZone Mapping Against ILM Level 7 NVQ Diploma in Strategic Management and Leadership
LearningZone Mapping Against ILM Level 7 NVQ Diploma in Strategic Management and Leadership ILM Learning Zone Mapping Level 7 NVQ Diploma in Strategic Management and Leadership 1 of 23 Develop a Strategic
More informationManagement Courses-1
Management Courses-1 MGT 201/Management Principles and Practices.5 course unit Provides an introduction to the core concepts and theories of management. Emphasis is on developing a theoretical foundation
More informationCOPYRIGHTED MATERIAL 1 MANAGING THE STRATEGIC PLANNING PROCESS PURPOSE. Chapter Content
1 MANAGING THE STRATEGIC PLANNING PROCESS PURPOSE To establish and manage the process for setting vision, strategy, and direction in order to be an upper-quartile company. To ensure that this is reflected
More informationSUGGESTED SOLUTIONS Strategic Management Process CA Professional (Strategic Level I) Examination December 2012
SUGGESTED SOLUTIONS 14304 Strategic Management Process CA Professional (Strategic Level I) Examination December 2012 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF SRI LANKA All Rights Reserved Answer No. 01
More informationEmily Lai BA 453. LEGO Case
Emily Lai BA 453 LEGO Case With the loss of its patent, numerous threats from rivals, and recent lawsuits, the notorious building-block toy maker LEGOs, must find a way to sustain its competitive advantage
More informationParticipants Guide Sustaining Competitive Advantage
Participants Guide Sustaining Competitive Advantage 2011 RAN ONE Americas Basically there are three main ways in which you can compete in the marketplace: On Price By serving a niche market better than
More informationWhat General Managers want
Strategic Resource, IT and Knowledge Management Jason C. H. Chen, Ph.D. Professor of MIS School of Business Administration Gonzaga University Spokane, WA 99223 chen@jepson.gonzaga.edu What General Managers
More informationTransactional activities payroll, accounting Decision Science effective utilization of human capital like finance
TL Carter: Hrm strategy vision, value, strategy, resources, capability, motivation and feedback if you have everything but the vision, there would be a lot of confusion o will lead to more inefficiencies,
More informationChapter 2 The External Environment. 1. Individual organizations typically have only a marginal impact on the broad environment.
TRUE/FALSE QUESTIONS Chapter 2 The External Environment 1. Individual organizations typically have only a marginal impact on the broad environment. 2. The broad environment consists of sociocultural forces,
More informationDigital Brand Strategy. MKTG5605: Digital Brand & Product Management
Digital Brand Strategy MKTG5605: Digital Brand & Product Management February 15, 2017 Discuss (20 minutes) From reading Building a Brand Online, what are some of the key takeaways? Carnival Cruise Line
More informationThe new focus for the digital CFO
2014 High Performance Finance Research The new focus for the digital CFO Consumer Goods and Services Results Accenture s ongoing research into the role of finance and enterprise performance mastery in
More informationBusiness-Level Strategy
1 Chapter 4 Business-Level An integrated and coordinated set of commitments and actions the firm uses to gain a competitive advantage by exploiting core competencies in specific product markets PowerPoint
More informationBusiness Diagnostics Framework
CeoBusinessDiagnostics.com Business Diagnostics Framework Mike Thompson, FCMC Business Diagnostics Evaluate and Grow Your Business Michael Thompson With: Richard Mimick Terry Rachwalski www.ceobusinessdiagnostics.com
More informationIT and Competitive Advantages LEARNING OUTCOMES 1/26/2016. January 27, Understand each of the five forces in Porter s Five Forces Model
IT and Competitive Advantages January 27, 2016 LEARNING OUTCOMES Understand each of the five forces in Porter s Five Forces Model Determine kind of IT that help deal with the 5 forces and gain competitive
More informationaffordability budgeting Method in which companies budget for marketing based on what they believe
Glossary -1 Glossary for Wood, The Marketing Plan 2e affordability budgeting Method in which companies budget for marketing based on what they believe they can afford. (Chapter 10) annual plan control
More informationCHAPTER 2 RETAIL STRATEGIC PLANNING AND OPERATIONS MANAGEMENT
CHAPTER 2 RETAIL STRATEGIC PLANNING AND OPERATIONS MANAGEMENT MULTIPLE CHOICE 1. is the anticipation and organization of what needs to be done to reach an objective. a. Analyzing b. Forecasting c. Planning
More informationBusiness 101 Notes Chapter 6 Managing Don Wagner, October 7, What you should understand from this chapter
Business 101 Notes Chapter 6 Managing Don Wagner, October 7, 2008 What you should understand from this chapter 1. Students should be conversant with the terms frequently used in strategic planning, and
More informationPorter s Five Forces. Business Framework
Business Framework Porter s Five Forces 1. Potential new competitors Threat by new competitors 4. Suppliers Suppliers negotiation power 2. Competitors in the industry Rivalry among existing companies 5.
More informationRESEARCH REPORT WINTER 2013
In collaboration with RESEARCH REPORT WINTER 2013 FINDINGS FROM THE 2012 SUSTAINABILITY & INNOVATION GLOBAL EXECUTIVE STUDY AND RESEARCH REPORT The Survey Questions & Answers Access the full report The
More informationContent Specification Outline
Content Specification Outline Copyright 2017 Institute of Certified Management Accountants Updated 8/25/17 Institute of Certified Management Accountants Content Specification Outline Certified in Strategy
More informationPrinciples of Management. Mason Carpenter, Talya Bauer, and Berrin Erdogan
Principles of Management Mason Carpenter, Talya Bauer, and Berrin Erdogan Chapter 5 Strategizing See how strategy fits in the P-O-L-C framework Better understand where strategy comes from Understand the
More informationStrategic Management
CHAPTER NINE Strategic Management DETAILED LECTURE OUTLINE I. Importance of strategic management A. Strategic management consists of the analysis and decisions necessary to formulate and implement strategy
More informationLearning Objectives. Identify what strategy is, and the key elements needed for successful strategic planning
Learning Objectives Identify what strategy is, and the key elements needed for successful strategic planning Describe some of the benefits contractors typically receive from strategic planning Understand
More informationAligning Strategy and Sales
#AligningSales Sales Management Association Webcast Aligning Strategy and Sales 20 August 2014 Presented by Copyright 2014 The Sales Management Association. About The Sales Management Association A global,
More informationHIT Policy, Standards and Guidelines
HIT Policy, Standards and Guidelines Lecturer/Convenor: Richard Boateng, PhD. Email: richard@pearlrichards.org Office: UGBS RT18 (rooftop) Health/Hospital IT Policy Development Research Methods Dr Richard
More informationSTRATEGIC PLAN 2020 Together We Will. Lead the Way Care Passionately Be Our Best
Together We Will Lead the Way Care Passionately Be Our Best March, 2017 Setting Context. LOFT Community Services has a strong 60 year history of supporting and serving people with complex mental health,
More informationEntrepreneurship & Innovation MGMT8608
BUSINESS SCHOOL Entrepreneurship & Innovation MGMT8608 TOPIC 7: PLANNING & STRATEGY IN ENTREPRENEURIAL FIRMS Learning Outcomes Understand the role and relevance of planning Understand how to integrate
More informationShould we Diversify? Corporate-Level Strategy. Two Levels of Strategy. Key Questions in Corporate Strategy. Chapter 6
Chapter 6 Corporate-Level Strategy Should we Diversify? 1 Two Levels of Strategy A diversified company has two levels of strategy 1. Business-Level Strategy (Competitive Strategy) How to create competitive
More informationCSR / Sustainability Governance and Management Assessment By Coro Strandberg President, Strandberg Consulting
Introduction CSR / Sustainability Governance and Management Assessment By Coro Strandberg President, Strandberg Consulting www.corostrandberg.com November 2015 Companies which adopt CSR or sustainability
More informationTHEME 4: EXTERNAL ANALYSIS (II). PARTICULAR ENVIRONMENT: COMPETITIVE STRUCTURE OF THE INDUSTRY. Alfonso VARGAS SÁNCHEZ
THEME 4: EXTERNAL ANALYSIS (II). PARTICULAR ENVIRONMENT: COMPETITIVE STRUCTURE OF THE INDUSTRY Alfonso VARGAS SÁNCHEZ 1 Strengths & Weaknesses INTERNAL FACTORS Company s own values COMPETITIVE STRATEGY
More informationExternal and Internal Analyses. External and Internal Analyses. Nature of an Internal Audit. Key Internal Forces. Basis for objectives & strategies:
Comprehensive Strategic Management Model External Audit External and Internal Analyses Vision & Mission Statements Chapter 2 Chapter Long-Term Objectives Chapter 5 Internal Audit Chapter 4 Generate, Evaluate,
More informationThe Strategic Management Frameworks. Arnoldo Hax Alfred P. Sloan Professor of Management
The Strategic Management Frameworks Arnoldo Hax Alfred P. Sloan Professor of Management The Frameworks for Competitive Positioning Porter Resource-Based View of the Firm The Delta Model Porter s s Framework
More informationCITIBANK N.A JORDAN. Governance and Management of Information and Related Technologies Guide
CITIBANK N.A JORDAN Governance and Management of Information and Related Technologies Guide 2018 Table of Contents 1. OVERVIEW... 2 2. Governance of Enterprise IT... 3 3. Principles of Governance of Enterprise
More informationPHASE 1: DETERMINE POSITION
TEAM SESSION AGENDA I. Review the Purpose and Use of a SWOT (15 mins) II. Brainstorm your organizations Strengths, Weaknesses, Opportunities and Threats (60 mins) III. Synthesize the SWOT items into Critical
More informationDegree of Differentiation Low < Medium > High market data. feedback.
Focus Criteria Focus (50%) Dimension Segmentation Degree of Differentiation Low High 1 2 3 4 Segmentation Segmentation selection selection done done using
More informationMODULE 1: INTRODUCTION TO STRATEGIC MANAGEMENT ACCOUNTING
MODULE 1: INTRODUCTION TO STRATEGIC MANAGEMENT ACCOUNTING Part A: Value Shareholder value Customer value Stakeholder value Which viewpoint should be taken when determining value? Part B: The strategic
More informationValue Chain Management: The Next Evolution of Supply Chain Management
2017 Midwest Supply Chain Management Conference Value Chain Management: The Next Evolution of Supply Chain Management David J. Frayer, Ph.D. Director, Executive Development Programs The Eli Broad College
More informationBUSINESS PLAN OUTLINE
BUSINESS PLAN OUTLINE Use the headings in the left hand column to organize your plan. The descriptors in the right hand column may be helpful to prompt your thoughts/ideas. THE BUSINESS Describe your Business
More informationEnterprise Risk Management Montana State Fund
Enterprise Risk Management Montana State Fund Report to the Board January 28, 2011 Presented by: Mary Peter, Director of Enterprise Risk Management Enterprise Risk Management (ERM) Defined An integrated
More informationHuman Resource Management (HRM)
Human Resource Management (HRM) 1 Human Resource Management (HRM) Courses HRM 5051. Human Resources Management Strategies. 3 Credit Hours. The effective management of HR practices has an enormous effect
More informationIntroduction. Introduction
1 Introduction No institution can possibly survive if it needs geniuses or supermen to manage it. It must be organised in such a way as to be able to get along under a leadership composed of average human
More informationCreating Shared Value: The Path Forward
Creating Shared Value: The Path Forward Professor Michael E. Porter Harvard Business School FSG Shared Value Leadership Summit Boston, MA May 31, 2012 This presentation draws on ideas from Professor Porter
More informationComposed & Solved Dua Waqar Vu Askari Team MGT603 Online Quiz#3 Lecture# 1 to 37 Six Quizzes Solved..
Composed & Solved MGT603 Online Quiz#3 Lecture# 1 to 37 Six Quizzes Solved.. By Question # 1 of 15 (Start time: 08:34:41 PM) Total Marks: 1 Firms in quadrant-iv of grand strategy matrix have which of the
More informationThe Business Model Design Space. Card Deck
The Business Model Design Space Card Deck Objective The objective of this workshop exercise is to visualize and map out everything that is going on in your business model s environment (the Market Forces,
More informationSYLLABUS - ANALYSIS AND DECISION (20 credits)
Chartered Postgraduate Diploma in Marketing (Level 7) SYLLABUS - ANALYSIS AND DECISION (20 credits) This unit consists of three parts: Strategic audit, Strategic options, and Making strategic marketing
More informationStrategy in brief. Lecture 1
Strategy in brief Lecture 1 Strategic management ranks as one of the most prominent, influential, and costly stories told in organizations. It is how an organisation takes what happens in the external
More informationSession 1. Mr. Sang-Hoon Lee, President and CFO of Samsung Electronics
Session 1. Mr. Sang-Hoon Lee, President and CFO of Samsung Electronics Good morning and welcome to Samsung Analyst Day 2013. I am Sang-Hoon Lee, President and CFO of Samsung Electronics. First, on behalf
More informationAuditing Corporate Strategies
Auditing Corporate Strategies Beyond traditional auditing Mohamad Nassar - Grant Thornton 10 November 2016 What is a Corporate Strategy audit? A strategy audit involves assessing the actual direction of
More informationDuring strategy implementation, the organization follows through on the chosen strategy
Human Resources Chapter 2: Strategic Human Resource Management The goal of strategic management in an organization is to deploy and allocate resources in a way that gives it a competitive advantage. Resources
More informationReal Estate and Construction. Market Segmentation
Real Estate and Construction Market Segmentation What problem are We Trying to Solve - Strategic Level? About the Construction Industry: Characteristics Huge - $4 tr worldwide Local Project Based Unique
More informationSYLLABUS - MARKETING LEADERSHIP AND PLANNING (20 credits)
Chartered Postgraduate Diploma in Marketing (Level 7) SYLLABUS - MARKETING LEADERSHIP AND PLANNING (20 credits) Total Qualification Time: 200 Hours The purpose of this unit is to enable students to develop
More informationMemorandum. Executive Summary
Memorandum To: Wendell Weeks, Chief Executive Officer, Corning Incorporated Peter Volanakis, Chief Operating Officer, Corning Incorporated Joe Miller, Chief Technology Officer, Corning Incorporated From:
More informationStrategic Management. Gregory G. Dess University of Texas at Dallas. G. T. Lumpkin Syracuse University. Alan B. Eisner Pace University.
Gregory G. Dess University of Texas at Dallas G. T. Lumpkin Syracuse University Alan B. Eisner Pace University Strategic Management text and cases fifth edition I McGraw-Hill Irwin Contents port l Strategic
More informationLong-Term Plan Presentation Template
Long-Term Plan Presentation Template Overview and Guidance Authors: Brian Tomlinson and Emily Parlapiano CONTENTS OVERVIEW: LONG-TERM PLANS (LTP) > The Strategic Investor Initiative > Research on LTPs
More informationLinking Talent to Value
Linking Talent to Value December 5, 2017 Organizations must evolve to meet the demands of an exponentially changing environment The speed, pace and depth of today s changes are unlike anything we ve experienced
More informationDeveloping Regional Talent Strategies: Workforce Development Policy and Practices that are Working. Presented by: Keenan D. Grenell, Ph.D.
Developing Regional Talent Strategies: Workforce Development Policy and Practices that are Working Presented by: Keenan D. Grenell, Ph.D. 1 Course Outline 1. What is a workforce strategy? 2. What is alignment?
More informationChapter 2 Instructor s Manual- Strategic Human Resource Management
Chapter 2 Instructor s Manual- Strategic Human Resource Management Chapter 2 Summary for Instructors This chapter provides an introduction of the strategic management of HRM practices (i.e. strategic human
More informationICMI PROFESSIONAL CERTIFICATION
ICMI PROFESSIONAL CERTIFICATION Contact Center Management Competencies The ICMI Professional Certification Contact Center Management Competencies specify job role-specific knowledge, skills and abilities
More informationStrategy and Structure
Whole Foods Market Strategy and Structure Jawaher Alotaibi June 18, 2015 WFM s Environment Whole Foods Market (WFM) is a natural and organic supermarket that it s known for healthy and natural food products.
More informationRoss School of Business at the University of Michigan Independent Study Project Report
Ross School of Business at the University of Michigan Independent Study Project Report TERM : Fall 1997 COURSE : OB 750 PROFESSOR : Noel Tichy STUDENT : Renee Robinson TITLE : Motivating growth : a step-by-step
More informationStrategic Formulation
Strategic Formulation Strategic Management (BA 491) Creating and Sustaining Competitive Advantages STRATEGIC MANAGEMENT McGraw-Hill/Irwin Porter s What Is Strategy? Operational effectiveness is not strategy:
More informationWebvan. CIS Case 6. Spencer Kerber 11/19/2015
Webvan CIS 410-01 Case 6 Spencer Kerber 11/19/2015 Contents 1. Background... 2 2. The Problem... 2 3. The Mission... 2 4. Generic Strategy... 2 5. Internet Enabled Business Model... 3 Profit Site... 3
More informationStrategy Analysis. Chapter Study Group Learning Materials
Chapter Study Group Learning Materials 2015, International Institute of Business Analysis (IIBA ). Permission is granted to IIBA Chapters to use and modify this content to support chapter activities. All
More informationLiving on the Fault Line Managing for Shareholder Value in the New Economy
Living on the Fault Line Managing for Shareholder Value in the New Economy Geoffrey Moore Chairman, The Chasm Group Venture Partner, Mohr Davidow Ventures 1998, The Chasm Group Update: 4/6/98 1 Agenda
More informationCHAPTER 9: STRATEGIC MANAGEMENT
COURSE PROGRESS CHAPTER 9: STRATEGIC MANAGEMENT BOH4M Unit 2: Planning, Controlling, and Strategizing Ms. Schirk Ø Unit 1: Management Fundamentals Ø Unit 2: Planning, Controlling, and Strategizing Ø Chapter
More informationDave Ulrich outlines underlying (HR) principles and practice, their development and how they are likely to shape up in the future.
Financial Times 12 Oct 2001 Dave Ulrich outlines underlying (HR) principles and practice, their development and how they are likely to shape up in the future. The evolution of a professional agenda Dave
More informationExternal Assessment (Cont d)
Comprehensive Strategic Management Model External Assessment External Audit Vision & Mission Statements Chapter Chapter Long-Term Objectives Chapter 5 Generate, Evaluate, Select Strategies Chapter 6 Implement
More informationNOGDAWINDAMIN FAMILY AND COMMUNITY SERVICES
This dictionary describes the following six functional competencies and four enabling competencies that support the differentiated territory for professional accountants in strategic management accounting:
More informationThe Workforce Planning Journey At Raytheon
The Planning Journey At Raytheon Bob Motion ARC 2010 Conference April 22, 2010 Copyright. Unpublished Work. Raytheon Company. Customer Success Is Our Mission is a registered trademark of Raytheon Company.
More informationStrategic Management Process: Strategy formulation 2.
Strategic Management Process: Strategy formulation 2. By: Prof. Dr. András s NábrN brádi PhD, MBA University of Debrecen Faculty of Ag. Economics and Rural Development Dept.: Business Management and Marketing
More informationApplication: All licensed institutions and supervisory personnel
Title: SR-1 Strategic Risk Management Date: FINAL Purpose: To set out the approach which the NBRM will adopt in the supervision of licensed institutions strategic risk, and to provide guidance to licensed
More informationPerformance Management for Shipping IT
Performance Management for Shipping IT Charis Nassis www.akereon.com charisn@alum.mit.edu IT Governance - Charis Nassis Digital Ship 23-Oct-07 Agenda The role of shipping IT Measurements and key performance
More informationDriving Innovation is a 15-credit elective module which sits within the suite of Level 6 modules.
Module Specification: Driving Innovation Driving Innovation is a 15-credit elective module which sits within the suite of Level 6 modules. To gain the CIM Level 6 Diploma in Professional Marketing a pass
More informationDr Manjusmita Dash Department of Business Administration Utkal University
Dr Manjusmita Dash Department of Business Administration Utkal University Overview Founded in 1983 by Dr. Pratap C. Reddy Introduced new form of medical business in India First Corporate hospital in India
More informationA Vision of an ISO Compliant Company by Bruce Hawkins, MRG, Inc.
A Vision of an ISO 55000 Compliant Company by Bruce Hawkins, MRG, Inc. ISO 55000 refers to a series of three standards outlining the purpose, requirements, and implementation guidance for an Asset Management
More informationCGMA Competency Framework
CGMA Competency Framework Technical skills CGMA Competency Framework 1 Technical skills : This requires a basic understanding of the business structures, operations and financial performance, and includes
More information