Professional Documents
Culture Documents
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the internal assesment nature of internal assesment clear mission statement, abjective and strategies the advantage created by these sources can be overcome through an international strategy Strengths and Weaknesses in the functional areas of business being assessd or evaluated for a test by the internal staff Assessment is defined as the evaluation of a subject or a situation
the resources based view (RBW) a business management tool used to determine the strategic resources available to a company qInternal resources are more important than external factors in achieving and sustaining competitive advantage assumes that companies within an industry or group may be heterogeneous with respect to the strategic resources they cont
integrating strategy and culture culture is an integrated pattern of human knowledge, belief, and behavior that depends upon the capacity for symbolic thoug strategyisaplanofactiondesignedtoachieveavision.ItderivesfromtheGreek""(strategia),"officeofgeneral, It may be the reasons for strengths and weaknesses in the business functions in the firm
management act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively key: planning, organizing, motivating, staffing and controling The person or persons who control or direct a business or other enterprise
marketing the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have valu involve defining, anticipating, creating and fulfilling basic function: customer analysis, prioing, distribution, marketing research, opportunity analysis Management philosophy according to which a firm's goals can be best achieved through identification and satisfaction of the financial/accounting process of communicating financial information about a business entity to users such as shareholders and managers Determining financial strengths & weaknesses of a firm
production/operation production is the act of creating 'use' value or 'utility' that can satisfy a want or need function: process, capacity, inventory, workforce and quality
research and development creative work undertaken on a systematic basis in order to increase the stock of knowledge, including knowledge of man, cul Development of new products before competitors and improve product quality are being develop in the competitive landscape as ell
management information system (MIS) needed to manage organizations efficiently and effectively Collects, stores, synthesizes & present data for use by managers (database)
the internal factor evaluation (IFE) matrix five steps: list key internal factor, assign each weight, assing rating for each factor, multiple each factor and sum weighted sco nIt is the basis for identifying and evaluating relationships among these areas
sources/link/author manual book strategic management strategic management:competitiveness and globalisation by Dallas Hanson and Peter J. Dowling Prentice Hall, 2005 http://wiki.answers.com/Q/What_is_the_meaning_of_internal_assessment_As_in_a_school_or_college http://www.ask.com/questions-about/Definition-of-Internal-Assessment
sources/link/author http://en.wikipedia.org/wiki/Marketing Prentice Hall, 2005 Prentice Hall, 2005 http://www.businessdictionary.com/definition/marketing-concept.html sources/link/author http://en.wikipedia.org/wiki/Accountancy Prentice Hall, 2005
sources/link/author http://en.wikipedia.org/wiki/Research_and_development Prentice Hall, 2005 strategis management: competitiveness and globalisation by Dallas Hanson and Peter J. Dowling
sources/link/author http://en.wikipedia.org/wiki/Value_chain_management_capability
sources/link/author strategic management: competitiveness and globalisation by Dallas Hanson and Peter J. Dowling Prentice Hall, 2005
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the internal factor evaluation (IFE) matrix a strategic management tool for auditing or evaluating major strengths and weaknesses in functional areas of a busine to examine and the strength and weakness of a business
provides a basis for identifying and evaluating relationships among those areas
one of the best strategic tool for internal audit of the company A summary step in conducting an internal strategic-management audit
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strategies in action
long tem objective usually include specific improvements in the organization's competitive position, technology leadership, profitability, return o Focusing on long-term strategic goals makes it possible to develop a strong and competitive company represent the results expected from pursuing certain strategies.
types of strategies alternative strategies that an enterprise could pursue can becategorized into thirteen actions 4 types: integration strategy, intensive strategy, diversification strategy and defensive strategy 5 types: differentiation strategy, focus strategy, niche stategy, recent development and criticisms of generic strategies 3 types: market penetration, market development and product development
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