Essay on Strategy: Strategic Management and Fund Flow Analysis

Submitted By kennylacey
Words: 1139
Pages: 5
Open Document
1. An explanation of what is meant by strategic terminology
Strategic terminologies are words or phrases which allow an organisation to achieve and review its desired position within its own structure and the external world, they help the organisation to create an action plan based on the company’s ethos and the stakeholder’s expectations. Once a business has chosen a direction, biased on its corporate business and operational strategies, it can create a mission statement, vision goals and objectives to push the organisation in a certain direction to achieve its desired position. Before creating these points the organisation must consider the social economical and environmental repercussions along with the desires of the main stakeholders. The mission statement will state the organisations intent and the vision will show aspirations for the future. Goals are statements on how to achieve the vision and the objectives allow the goals to be measured and quantified. Once the goals are set the organisation will review its competencies to identify its strengths so it can create a strategy to achieve its goals. Finally controls must be put in place so that the system can be monitored and reviewed. This is a constantly developing process that will need reviewed and adapted on a regular basis.
2. An explanation of three different planning techniques used in business
SWOT-(Strengths, Weakness, Opportunities, Threats)
In this technique managers analyse strengths and weaknesses and make quantative judgements based on performance and assessments of customer satisfaction on key issues such as employee motivation, workflow and processes. Planners appraise the external environment depending on potential opportunities and threats. To do this they look at technology economic potential and social factors as well as their competitors to see how this will impact the organisations goals. (e.g. the price of oil can not only stunt the growth of a business but could threaten its ability to exist)The next part of the process is to create a list of alternative corporate strategies to make a blue print for a final corporate plan. These strategies are created looking at actions and objectives that need done and what resources are required to achieve the mission statement. Moreover these strategies will give the operation a direction over the next year or so and will relate to the company plan. These are not long term goals that will change in a constantly moving market place. Targets will be issued to departments or divisions in various forms such as budgets, direct and indirect costs and profits. This system requires constant review and adaptation.
Case study Skoda 1990
Skoda was looking for a strong foreign partner to increase their market strength. They applied the SWOT analysis and using data gathered through internal and external market research they assessed their own market position. They passed this info to their network of financial dealers to increase their own brand.
MOST- (Mission, Objectives, Strategies, Tactics)
MOST analysis is a tool for analysing the internal functions of a company it requires the organisation to take a holistic, deductive management approach to analyse the internal workings of the organisation. Alternatively management can use an inductive approach to identify why a system is failing.
STEER-(Social, Technological, Economic, Ecological, Industrial Regulations)
STEER analysis is to review external factors that can affect an organisation. STEER was derived from an older model called PEST but it has been adapted to include more factors that can affect an organisation in the modern world. This method of analysis also depends on the products and services that a company provides, which country the company is in for shipping and political factors and the scale of the review within the organisation.
3. An analysis of two approaches to strategy evaluation and selection
Strategy evaluation is to gain a clear understanding of the
Show More

Related Documents: Essay on Strategy: Strategic Management and Fund Flow Analysis

Evaluation Of Financial Analysis

LUBS 3865 FINANCIAL ANALYSIS SESSION 2 OVERVIEW OF FINANCIAL ANALYSIS Objectives To introduce the framework that will be use in the module to evaluate company performance Introduction The framework adopted for evaluating the performance of a company focuses on three interrelated aspects of a firm’s performance: 1. its strategic direction 2. its financial statement performance 3 its stock market performance An analysis of a company’s performance requires a thorough evaluation of these three…

Words 2421 - Pages 10

Hedge Fund and Creative Computers Essay

Strategic Capital Management LLC Case Analysis UBid vs Creative Computers Hedge funds provide sophisticated investors an alternative to traditional investment allocation strategies. Hedge funds are subject to less regulation than mutual funds and other financial institutions, so they can use leverage and both long and short positions more freely and shift between strategies frequently. These features allow hedge funds to generate returns that are uncorrelated with the market. Since exotic strategies…

Words 940 - Pages 4

Advantages And Disadvantages Of Budgeting

set of the interconnected plans presented in the form of a financial and\or natural performance for the entity in general or its divisions for a certain period of time" (Sheremet A.D. 2006, with 411) By determination of Institute of the certified management accountants (USA), the budget – "the quantitative plan in terms of money prepared and accepted till a certain period, which is usually showing the planned income size which should be reached, and\or expenses which should be suffered during this…

Words 9844 - Pages 40

Business Plan Template Essay

of owner(s) Month and year plan was created Number of the copy of the plan Confidentiality statement [see Business Plan Project Worksheet 15-1] Table of Contents Executive Summary....................................................xx Management Team Plan ................................................xx Key Executives Key Advisors Service Providers Company Description..................................................xx Motivations Business History Business Concept Product or Service…

Words 2256 - Pages 10

Economy: Finance and Projection Group Exercise Essay

Situation Analysis 2.1 Institutional Analysis 2.1.1 Vision Building of MFIs – Existing Vision and Mission- Presentation by Participants 2.1.2 Conceptual clarity on Vision and Mission of MFIs 2.1.3 Group work : Finalization of Vision and Mission 2.1.4 Review of Goals and Objectives of MFIs- Presentation by participants 2.1.5 Tools of Goal and Objectives Setting 2.1.6 Group work: Finalization of Goals and Objectives- Presentation by participants 2.1.7 Internal factors Analysis 2.1.7.1…

Words 379 - Pages 2

RENT a Car Business plan Essay

Car Rental Business plan Excecutive Summary Company and Financing Summary Products and Services Overview Strategic Analysis with current research! Marketing Plan Personnel Plan 3 Year Advanced Financial Plan Expanded Financial Plan with Monthly Financials FREE 30 Page Sample Private Placement Memorandum FREE PowerPoint Presentation for Banks, Investors, or Grant Companies! 1.0 Executive Summary The purpose of this business plan is to raise $300,000 for the development of a car…

Words 1653 - Pages 7

Essay on Essential Aspects of a Business Plan

software required to use these templates. All business plans come in Microsoft Word and Microsoft Excel format. Each business plan features: * Excecutive Summary * Company and Financing Summary * Products and Services Overview * Strategic Analysis with current research! * Marketing Plan * Personnel Plan * 3 Year Advanced Financial Plan * Expanded Financial Plan with Monthly Financials * FREE 30 Page Sample Private Placement Memorandum * FREE PowerPoint Presentation…

Words 1857 - Pages 8

Processes Of Financial Management Essay

Processes of Financial Management Planning and implementing Financial planning is essential if a business is to achieve its goals. Financial planning determines how a business’s goals will be achieved. The financial planning process begins with long-term or strategic financial plans. Long-term plans include a business’s planned capital expenditure and/or planned investments. Capital expenditure is what is spent on a business’s non-current or fixed assets. It is used to generate revenue and ultimately…

Words 1258 - Pages 6

Business Studies - Finance Essay examples

Finance [pic] Strategic plan: encompasses the strategies that a business will use to achieve its goals. Financial Resources: resources in a business that have monetary or money value. Financial management: is the planning and monitoring of a business’s financial resources to enable the business to achieve its financial goals. Assets: are the property and other items and effects of a business, such as business premises, machinery, vehicles and cash (tangible assets) and patents, trademarks…

Words 3663 - Pages 15

Lecture 18 2 Essay

Part I Project Initiation Project Management A Managerial Approach By J.R. Meredith and S.J. Mantel, Jr. © 2012 John Wiley & Sons, Inc. Project Management Strategic Management and Project Selection Chapter 2 Project Management A Managerial Approach By J.R. Meredith and S.J. Mantel, Jr. © 2012 John Wiley & Sons, Inc. Problems With Multiple Projects Three basic problems for organization while managing multiple projects: • Delays in one project delays others • • common resource needs or technological…

Words 1857 - Pages 8