http://www.managementupdate.info/ sNews CMS Wed, 09 Nov 2011 18:44:17 +0000 http://www.managementupdate.info/management-leadership/chief-risk-officer/ http://www.managementupdate.info/management-leadership/chief-risk-officer/
"Strategy is the direction and scope of an organisation over the long-term: which achieves advantage for the organisation through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfil stakeholder expectations".

In other words, strategy is about:

• Where is the business trying to get to in the long-term? (direction)
• Which markets should a business compete in and what kind of activities are involved in such markets? (markets, scope)
• How can the business perform better than the competition in those markets? (advantage)
• What resources (skills, assets, finance, relationships, technical competence, facilities) are required in order to be able to compete? (resources)?
• What external, environmental factors affect the businesses' ability to compete? (environment)
• What are the values and expectations of those who have power in and around the business? (stakeholders)

]]> Mon, 30 May 2011 11:06:56 +0000 http://www.managementupdate.info/risks-strategies/strategy/ http://www.managementupdate.info/risks-strategies/strategy/
Product Life Cycle

• Introduction: Strategy=product and market development
• Growth: Strategy=product improvement and promotion
• Maturity: Strategy=differentiation
• Decline: Strategy=hold, harvest or divest

Enterprise Life Cecle

• Birth: Strategy=entrepreneurial
• Growth: Strategy=delegation
• Maturity: Strategy=system
• Decline: Strategy=diversification, risk management
• Death: Strategy=harvest, divest

]]> Mon, 30 May 2011 10:58:35 +0000 http://www.managementupdate.info/risks-strategies/life-cycle/ http://www.managementupdate.info/risks-strategies/life-cycle/

Backward Integration - adds activities done by suppliers or suppliers of suppliers, i.e. upper stream of the supply chain.

Forward Integration - adds activities done by customers or customers of customers, i.e. down stream of the supply chain.

Horizontal Integration - merges or acquires a business in the same line.

Integration is mostly done through merger and acquisition. ]]> Mon, 30 May 2011 10:54:46 +0000 http://www.managementupdate.info/risks-strategies/integration/ http://www.managementupdate.info/risks-strategies/integration/ Mon, 30 May 2011 10:51:52 +0000 http://www.managementupdate.info/performance-quality/logistics/ http://www.managementupdate.info/performance-quality/logistics/