Value-focused view, Business Management

Assignment Help:

Taken together, the organisation's external environment, internal context and core purpose form the basis of the its value proposition - which is an articulation of the organisation's strategic intent, in alignment with the notion of defining, creating and ultimately delivering superior value (shown by the value cycle displayed in the upper part of the diagram), on the basis of which the firm achieves competitive advantage through differentiation in its markets.

To that end, the Strategic Direction part dovetails with the both the GBE perspective (which informs about the organisation's - increasingly global - external environment) and the CFG perspective, which relentlessly seeks to understand and shed light on the organisation's ability (or disability!) to create superior value; with particular view to future value creation and managerial tasks related to that  objective.Strategic Direction might therefore be seen to be positioned between GBE (global macro-level analysis) and CFG (focused micro-level); though to be clear about this, SD is (also) positioned at the firm and therefore 'micro' -level. The first important task of strategy is about making sense of the organisation's external and internal competitive context; we call this strategic analysis. Its objective is to generate relevant insights through focussed issues analysis.


Related Discussions:- Value-focused view

Production capacity of production process, Production Capacity of Productio...

Production Capacity of Production process Here comes the most important of all questions what would be the production capacity of plant at the given process flow. Well there

Quality management system, Briefly introduce the subject and describe its k...

Briefly introduce the subject and describe its key business or operations. Appraise how it plans and manages quality. Analyse how quality can be used to support the strategies o

Why do organizations need a structure, QUESTION 1 (a) The grouping of o...

QUESTION 1 (a) The grouping of organizational activities (usually into 'departments' or larger 'divisions') can be done in different ways. Outline 7 criteria which can be used

Conflicts of interest, Conflicts of interest arise whenever executives have...

Conflicts of interest arise whenever executives have a private interest in the outcome of the task or responsibility they carry  out on behalf of their employers.  As a company emp

What is the business process outsourcing, Problem 1: (a) What is the de...

Problem 1: (a) What is the definition of Business Process Outsourcing according to Gartner Dataquest? (b) BPO deals mainly with non-core processes of an organisation. Descri

Explain the components of the specific business environment, Question: ...

Question: (a) Frederick Taylor observed that workers worked below their optimum level (soldiering). He thus devised systematic methods based on a set of principles. These princ

What are the types of entrepreneur on the type of business, What are the ty...

What are the types of Entrepreneur on the type of Business? Classification of Entrepreneur based on the type of Business: a. Industrial Entrepreneur: It is an entrepreneur

Option for organising business, compare the liability of the owners of part...

compare the liability of the owners of partnerships, sole proprietorship and corporations.

What pricing strategies would you recommend, Question: Price is the onl...

Question: Price is the only element of the marketing mix which generates revenue, the other elements being all associated with costs. Hence its determination is crucial for any

Pessimists are more likely than optimists, QUESTION It is widely assume...

QUESTION It is widely assumed that optimists have qualities that pessimists should try to acquire. The importance of "the power of positive thinking" is often being stressed. H

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd