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STRATEGIC PLANNING (The process of formulating a competitive strategy…
STRATEGIC PLANNING
The process of formulating a competitive strategy
Product Differentiation
Differences
It is that a company can differentiate its product according to the material that is going to use to offer to the market
Advantage
Companies can also differentiate their products based on their performance
Disadvantage
Companies can differentiate their products from attributes
Differentiation by processes
Difference
It is that they satisfy the needs but without an identity of their own
Advantage
It is that it participates in a market in general
Disadvantage
A process or strategy of
differentiation
Differentiation by costs
Difference
That costs have been a very particular approach within the scope of costs, which is why
Has been very new.
There are advantages and disadvantages
Advantage
A means to help achieve business success
Achieving a degree of integration between costs and
value chain
Disadvantages
Costs should be evaluated according to the role
They are expected to comply
Make a comparison between traditional accounting and GEC
Differentiation by service
Difference
Is that the company itself can differentiate services
That accompany the product
Advantage
It is very competitive because of a fast delivery,
Careful and reliable
Disadvantage
Businesses can
Distinguish by reason of their repair services
Competitive advantages
Meaning
It is the process by which the organization deals with
The opportunities and threats of the environment taking advantage of its capacities and resources to create sustainable competitive advantages
Value
It involves defining the strategic business objectives, the scope
of business
Competitiveness and total quality. The final result.
Competitiveness has
Result
Improved constant quality and innovation
Relationship
Strongly to productivity
Meaning
Sustainable for your business
Participation of management in the different levels of planning
Linkage between strategic objectives and management goals
objective
Ensure that people within
Strategic Planning of the organization
Implements
Strategies formulated by the managers aligning the specific objectives of each individual with the global objectives to contribute to the organizational objectives
Control as subsystem of the steering system
consists
In a process composed of three steps which are defined in
Comparison of performance with the standard and verification of the differences that exist.
Correct unfavorable deviations by applying the necessary corrective measures
Performance measurement
Value
It has become an important factor in the company
Fundamentals of a Planning Process
Determine what activities are necessary to achieve the objectives
Identify the necessary means to carry out the activities previously defined
To locate in the time, the different activities programmed
Setting goals and targets to achieve
Main characteristics and types of management control systems
Characteristics of effective control systems we have
Objective and complete.
The information provided by a control system should be complete and those who use it should be considered objective
The information provided by a control system should be complete and those who use it should be considered objective
Focused on strategic points of control
The control system should focus on areas where deviations from standards are more likely to cause harm
Opportunity.
Information should be collected, sent to whom it is appropriate, and evaluated quickly if action is to be taken in time for improvements
Economically realistic
The cost of installing a control system should be less, or at least equal, than the benefits provided
It needs
Performance information needs to be accurate