Strategy

3.3 BSC versus the Performance Pyramid The Performance Pyramid was introduced together by Cross and Lynch (1992). It focuses on the linkage of organization’s strategy with its operations not over four levels, that seem to fit into one another in the achievement of objectives. According to Stefan (2004), the development of company’s Performance Pyramid starts with defining an overall corporate vision at the first level, that translated into specific business unit objectives. The second level…

visionary? As for YBA Kanoo, these questions shape its decisions about the new corporate strategy that provides the most impact to the business and ability to perceive into the future. Abu Dhabi, UAE: For over 125 years of consistently delivering unwavering commitment to customers, Yusuf Bin Ahmed Kanoo recently rolled out a new corporate strategy, the Itqan Change Program that is poised to create a strategy alignment for the group’s Vision, Mission, Values, Short-Term Goals, Long-Term Goals…

The 7 elements are grouped into two major categories, such as: soft elements and hard elements. The elements are as follows: strategy, structure, systems, shared values, style, staff, and skills. Through strategy, the company plans to maintain competitive advantage, while the structure refers to the hierarchy of the company. In both situations, the short and long-term, the hierarchy of the company suffers modifications and the executive needs to make sure the employees and everyone affected by…

2. Operational Effectiveness and Strategy: a. How does Porter define and characterize operational effectiveness? When defining operational effectiveness Porter explains that it is doing the same or similar activities or actions better than your competitor. As a company you want to complete tasks in the smartest way possible, saving money and increasing profit. This usually leads to decreasing manufacturing time or service turn around time. Operational effectiveness is essentially finding…

1. OPERATIONAL PLANNING Strategic plans are of vital importance to a business. The most commonly used type of plans are tactical plans and operational plans. These two plans are framed to implement the strategy of a firm. It is essential to understand the elements of these plans so as to develop and implement the strategic goals and objectives. Operational planning is the process of planning strategic goals and objectives to tactical goals and objectives. Operational plans are devised with…

Vision and mission statement provide information about organizations. They appear in strategic and operational plans. For vision statement, Gulati, Mikhail, Morgan and Sittig explained that “A vision statement describes a desirable future state and long-term organizational goals” (2016, para 6). A vision is a long term aim of organizations, which will motivate and inspirited employees to have a same direction and can go to accomplish it. It also shows employees what organizations want to be in a…

1.0 Introduction People in the industry world will defiantly hear the word strategy, but the question is how many of them even know the meaning of strategy! Strategy is an integrated and coordinated set of commitments & actions designed to exploit core competencies and gains and gain a competitive advantage. There are some different definitions for strategy that belongs to different authors such as strategy is a unified, comprehensive, and integrated plan designed to ensure that the basic…

Like any assessment process, this will be a continuous effort of trying out new techniques or strategies and then evaluating…

A cognitive strategy is a mental process or procedure for accomplishing a particular cognitive goal. (Cognitive ,2015). The first example of cognitive strategies, I present to you is about Sarah. Sarah has the ideal that if she makes an A in English class, she can definitely pledge next spring. Sarah comes up with a plan that in order to…

According to the theory the procurement has the ability to contribute strategically to the firm and procurement managers have begun to focus more on procurement strategies. (Nollet et al, 2005) According to the (Mol, 2003) with the help of procurement strategies the sustainable competitive advantage can be achieved. He more concluded that the outlook of the organization and procurement factors to competitive advantage is relevant to the strategically procurement. Both Mitchell’s and Shezan have…