steps in preparing

7/24/2019 Steps in Preparing

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Step 1Step 1Step 1Step 1 Identify the firms existing vision, mission, value, corporate good governance objectives, andIdentify the firms existing vision, mission, value, corporate good governance objectives, andIdentify the firms existing vision, mission, value, corporate good governance objectives, andIdentify the firms existing vision, mission, value, corporate good governance objectives, andsssstrategiestrategiestrategiestrategies....

Step 2Step 2Step 2Step 2 Develop vision, mission, value and good governance statements for the organizatioDevelop vision, mission, value and good governance statements for the organizatioDevelop vision, mission, value and good governance statements for the organizatioDevelop vision, mission, value and good governance statements for the organization.n.n.n.Step 3Step 3Step 3Step 3 Identify the organizations external opportunities and threats.Identify the organizations external opportunities and threats.Identify the organizations external opportunities and threats.Identify the organizations external opportunities and threats.Step 4Step 4Step 4Step 4 Construct aConstruct aConstruct aConstruct a Competitive Profile Matrix (CPM)Competitive Profile Matrix (CPM)Competitive Profile Matrix (CPM)Competitive Profile Matrix (CPM)Step 5Step 5Step 5Step 5 Construct an External Factor Evaluation (EFE) Matrix.Construct an External Factor Evaluation (EFE) Matrix.Construct an External Factor Evaluation (EFE) Matrix.Construct an External Factor Evaluation (EFE) Matrix.Step 6Step 6Step 6Step 6 Identify the organizations internal strengths and weaknesses.Identify the organizations internal strengths and weaknesses.Identify the organizations internal strengths and weaknesses.Identify the organizations internal strengths and weaknesses.

Step 7Step 7Step 7Step 7 Construct an Internal Factor Evaluation (IFE) Matrix.Construct an Internal Factor Evaluation (IFE) Matrix.Construct an Internal Factor Evaluation (IFE) Matrix.Construct an Internal Factor Evaluation (IFE) Matrix.Step 8Step 8Step 8Step 8 Prepare a StrengthsPrepare a StrengthsPrepare a StrengthsPrepare a Strengths----WeaknessWeaknessWeaknessWeakness----OpportunitiesOpportunitiesOpportunitiesOpportunities----Threats (SWOT) Matrix, Strategic Position andThreats (SWOT) Matrix, Strategic Position andThreats (SWOT) Matrix, Strategic Position andThreats (SWOT) Matrix, Strategic Position andAction Evaluation (SPACE) Matrix, Boston Consulting Group (BCG) Matrix, InternalAction Evaluation (SPACE) Matrix, Boston Consulting Group (BCG) Matrix, InternalAction Evaluation (SPACE) Matrix, Boston Consulting Group (BCG) Matrix, InternalAction Evaluation (SPACE) Matrix, Boston Consulting Group (BCG) Matrix, Internal----ExternalExternalExternalExternal(IE)(IE)(IE)(IE) Matrix, Grand Strategy Matrix, and Quantitative strategic Planning Matrix (QSPM) asMatrix, Grand Strategy Matrix, and Quantitative strategic Planning Matrix (QSPM) asMatrix, Grand Strategy Matrix, and Quantitative strategic Planning Matrix (QSPM) asMatrix, Grand Strategy Matrix, and Quantitative strategic Planning Matrix (QSPM) asappropriate. Give advantages and disadvantages of alternative strategies.appropriate. Give advantages and disadvantages of alternative strategies.appropriate. Give advantages and disadvantages of alternative strategies.appropriate. Give advantages and disadvantages of alternative strategies.

Step 9Step 9Step 9Step 9 Recommend specific strategies and longRecommend specific strategies and longRecommend specific strategies and longRecommend specific strategies and long----term objectives. Show how much yourterm objectives. Show how much yourterm objectives. Show how much yourterm objectives. Show how much yourrecommendationrecommendationrecommendationrecommendations will cost. Itemize these costs clearly for each projected year. Compares will cost. Itemize these costs clearly for each projected year. Compares will cost. Itemize these costs clearly for each projected year. Compares will cost. Itemize these costs clearly for each projected year. Compareyour recommendations to actual strategies planned by the company.your recommendations to actual strategies planned by the company.your recommendations to actual strategies planned by the company.your recommendations to actual strategies planned by the company.

Step 10Step 10Step 10Step 10 Specify how your recommendations can be implemented and what results you can expect.

Specify how your recommendations can be implemented and what results you can expect.Specify how your recommendations can be implemented and what results you can expect.Specify how your recommendations can be implemented and what results you can expect.Prepare forecastedPrepare forecastedPrepare forecastedPrepare forecasted ratios and projected financial statements. Present a timetable or agendaratios and projected financial statements. Present a timetable or agendaratios and projected financial statements. Present a timetable or agendaratios and projected financial statements. Present a timetable or agendafor action.for action.for action.for action.

Step 11Step 11Step 11Step 11 Recommend specific annual objectives and policies.Recommend specific annual objectives and policies.Recommend specific annual objectives and policies.Recommend specific annual objectives and policies.Step 12Step 12Step 12Step 12 Recommend procedures for strategy review and evaluation.Recommend procedures for strategy review and evaluation.Recommend procedures for strategy review and evaluation.Recommend procedures for strategy review and evaluation.


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()

//

(The Strategic management process) 1.

2.

3.

(Strategic planning)(Strategic planning)(Strategic planning)(Strategic planning)

1-3

SWOT Analysis: Vision/Mission/Objective: Strategies: Project and Budget: Performance Measurement:

1.

Vision, Mission, Goals: , 2. SWOT Analysis: Where are we now? SWOT

(Weakness)

(Threat)

(Strength, Opportunity)3.

Strategies: How will we get there?4. Implementation with measures & initiatives (Change Management) : What do we have to do

or change to get there?


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TTTTHEHEHEHE BBBBUSINESSUSINESSUSINESSUSINESS VVVVISION ANDISION ANDISION ANDISION AND MMMMISSIONISSIONISSIONISSION

() 3-5

6

Market Positioning Specialization (Core Business) Scope of Business Competitive Advantage Value Opportunity Benchmarking Time Frame

( ) Mission

9


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(External Audit)(External Audit)(External Audit)(External Audit)

The Industrial Organization (I/O) View

PortePortePortePorters Five Forces Modelrs Five Forces Modelrs Five Forces Modelrs Five Forces Model I/O View

switch brand fixed cost

SupplieSupplieSupplieSupplierrrrBackward Integration Strategy Supplier JIT

1) 2) 3) 4) 5)


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5 1. 2.

0 () 1 ()

13.

4.

5.

2.5 4.0

1.0

1111 2222 3333

1.001.001.001.00 xxxxxxxxxxxx xxxxxxxxxxxx xxxxxxxxxxxx


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/

5

1. 2. 3.

4.

5.

6.

Job Description Job Specification 7.

8.

9.


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7

1. 2. /

(Market Penetration)3.

/ Product Development (Diversification)

4.

Forward Integration Strategy 5.

Market Development ForwardIntegration

6.

7.

3

1.

2.

3.

4.

5.

6. 7. 8. 9.

/ 3

1.

2.

2 (Debt-to-Equity ratio) (Debt-to-Total-assets ratio)

3.

3 (Earnings-Per-Share) (Dividends-per-Share ratio) (Price Earnings ratio)


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5 / ( )

/

/ % / %

/

/ /

/

/

/ (%) /(/365) () ( )/

/

/

/ ROI / / / % % % %


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1. 2. 3.

4.

5.

6.

7.

8.

Inputs 5

Line

R&D, Training (((()))) Economy of Scale

Economy of Scale

Loyalty


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1. Suppliers 2. 3.

4.

5.

6.

Product Development 2 1) 2)

1.

2. 3.

4.

5.

6.

7.

1. 2.

Chief Information Officer Director of Information System 3.

4.

5.

Password 6.

7.

8.

9.

10.


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VCA

VCA (Core Capability) (Distinctive Competence)

5 1.

2.

0 () 1 ()

13. 4.

5.

2.5 4.0

1.0


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3 1.

(Organization Strategy)(Organization Strategy)(Organization Strategy)(Organization Strategy) Advisor/Coaching support

2.

(Business Level Strategy)(Business Level Strategy)(Business Level Strategy)(Business Level Strategy)

3.

(Functional Level Strategy)(Functional Level Strategy)(Functional Level Strategy)(Functional Level Strategy)

SWOT SWOT SWOT Marketing, Operation

Corporate Business Functional 1 Long-Term 5

( ) Strategic objective (BalancedScorecard)


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Supplier

Forward Integration

Backward Integration SupplierHorizontal Integration

Market Penetration

Market Development Product Development

Related Diversification Unrelated Diversification

Retrenchment ()

Divestiture () Liquidation ()

ForwardIntegration Forward Integration

Supplier Supplier integration


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Product Life Cycle

Product Life Cycle


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3

1: 2:

3:

-

-

3:

4: 5:

Niche market Niche Market Niche Market Niche Market

Joint Venture Joint Venture


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Supplier

outsourcing 1) 2) (Core Business) 3)


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3 1 EFE Matrix, Competitive Profile Matrix IFE Matrix2 TOWS Matrix, SPACE Matrix Grand Strategy Matrix3 Quantitative Strategic Planning Matrix (QSPM)

4

SPACE 2

1.

(Financial Strength : FS)2.

(Competitive Advantage : CA) SPACE 2

1.

(Environment Stability : ES)2.

(Industry Strength : IS)


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BCG Matrix Portfolio Star

Division


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2 ( CPM) ( Business Growth Rate BCG Matrix)

Multinational


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3


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2 1) 2) 7

1.

2. 4

3.

SBU

4.

reengineering Reengineering

3


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3

Internet


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Growth Wealth

3


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4 1. Financial 2.

Customer , Complaint3.

Internal Process

4.

Learning & Growth Vision&Strategy Scorecard

(Financial) (Customer, Internal Process, Learning & Growth) (Financial, Internal Process, Learning & Growth) (Customer) (Financial) (Customer, Internal Process, Learning & Growth)

Balanced Scorecard 1.

Innovation

2.

(Core Competencies) 3.

1.

(Economic)2.

(Meaningful) 3. (Timely)4.

5.

6.

7.

7

1.

2.

3.

4. 5. 6.

7.


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3 1) 2) 3)

3 1.

2.

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