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Transcript of INTERNAL ASSESSMENT
The Nature of an
Plant and equipment
Value Chain Analysis
Management Information System
Internal strengths and
Clear statement of
Functions of finance/accounting
3 seperate fronts:
Financial ratio analysis
Finance / Accounting
Functions of Management
Product and service planning
Basis for Objectives
KEY INTERNAL FORCES
The firm’s strengths that cannot
be easily matched or imitated by
The Process of Gaining
Competitive Advantage in the Firm:
The Process of Performing an
evaluating information about the firm’s operations.
- Financial Ratio Analysis exemplifies the complexity of relationships among the functional areas of business.
The Resource-Based View
Approach to competitive advantage contends that internal resources are more important for a firm than external factors in achieving and sustaining competitive advantage.
Internal resources three encompassing categories:
a. Physical resources
b. Human resources
c. Organizational resources
Hard to imitate
Not easily substitutable
- are resources that other competing firms
do not possess
Hard to imitate
- are resources that other firms cannot
“a pattern of behavior that has been developed by an organization as it learn to cope with its problem of external adaptation and internal integration, and that has worked well enough to be considered valid and to be taught to new members as the correct way to perceive, think, and feel.”
Integrating Strategy and Culture
PRODUCTIONS / OPERATIONS
Roger Schroeder suggested that productions/operations management comprises 5 functions:
EVALUATION (IFE) MATRIX
RESEARCH AND DEVELOPMENT
R&D in organizations can take 2 basic forms:
1. INTERNAL R & D
2. CONTRACT R & D
There are seven basic functions of marketing:
investment decision also called capital budgeting
How has each ratio changed over time?
How does each ratio compare to industry norms?
How does each ratio compare with key competitors?
Where is the firm financially strong and weak as indicated by financial ratio analyses?
Can the firm raise needed short-term capital?
Can the firm raise needed long-term capital through debt and/or equity?
Does the firm have sufficient working capital?
Are dividend payout policies reasonable?
Does the firms have good relations with its investors and stockholders?
Are the firm's financial managers experienced and well trained?
Are capital budgeting procedures effective?
Is the firm's debt situation excellent?