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Perfomance Assessment - Coggle Diagram
Perfomance Assessment
Determinants of Competitive Advantage
Cost/Differentiation Policies
Timing
Capacity Utiliziation
Geographical Location
Learning Curve Effects
Institutional Factors
Economy of Scale
Degree of Vertical Integration
Strategy and Long-Term Performance
Commercial Consensus
Resources
Stakeholder Consensus and Collaboration
Side Note: Consensus - A collaborative decision making process to develop an agreement to everyone
Dimensions of Performance
Financial Performance
The difference between the value of products sold and the cost of resources used to obtain and sell them
Competitive Performance
The expression of customer satisfaction regarding the firm's product system
Social Performance
The expression of Shareholders consensus concerning business activity
Requirements for successful strategies
Uniqueness
Efficient Implementation
Consistency
To achieve competitive Advantage
Firm's ROA > Average Industry ROA