Many companies now realize that it is short-sighted to evaluate the success and potential of a company solely by looking at its financials. What other framework expands the idea of success to include other metrics
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Many companies now realize that it is short-sighted to evaluate the success and potential of a company solely by looking at its financials. What other framework expands the idea of success to include other metrics?
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- ‘Business strategy produces long-term plans for the business, taking into consideration plans and possible actions of competitors, the main objective being to position the firm so it has a competitive advantage... If management accounting is to play this role in strategic management, it must provide managers not only with internal, financial information, but also with information, both financial and non-financial, about the environment in which the firm is operating: strategic management accounting’ (Lord, 2007, p.135). Discuss the previous statement, taking in to consideration the following perspectives: b)The appropriateness of the new performance evaluation techniques (such as balanced scorecard and strategic management accounting techniques) to the strategic management accounting objectives in comparison to the traditional performance measures. * please help me to answer this question in details, thanksSWOT analysis is a framework for analyzing the internal and external environment of a company. It consists of strengths, weaknesses, opportunities and threats. According to a SWOT analysis, which of the following is not an aspect that the company's strategy should follow? a. take advantage of their weaknesses b. remedy weaknesses or work around them c. take advantage of the opportunities presented by the environment d. protect the company from threatsA profitable company will make it a point to determine how its competitors are doing business and try to do it better themselves. Benchmarking is one of the most effective tools available to an organization to ensure that these goals are being met. Many organizations use benchmarking as a way to measure organizational performance. What are the pros and cons of this approach? Has this approach always been used as a competitive tool? Provide at least two examples of companies using this type of tool to help them remain competitive within their market.
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- Competitive intelligence may be defined as the process of systematically scanning the business environment and identifying and assessing potential opportunities and threats (Louw & Venter, 2019). Naked wants to improve their market share in South Africa and is considering acquiring Granadilla Insurance (a competitor) to do so. Granadilla Insurance focuses mainly on the gadget and small business insurance compared to Naked, which focuses on car and household insurance. As a strategic consultant for Naked, you are tasked to advise Naked. Your answer should contain the following points: •Provide a brief introduction to strategic decision making and macro -environmentalanalysis. •Complete a CI cycle on Naked’s consideration to add small business insurance to theirpolicy options. •In conjunction with the CI cycle, conduct a macro-environmental analysis (PESTEL analysis)for Naked on the South African market. •Compare the outcomes of a SWOT analysis for both Naked’s current…Research and Development: Risk Aversion and Performance Measurement When theeconomic outlook becomes uncertain, some managers look to cut costs in research and developmentto provide a short-term boost to profits. The problem with this strategy is that it reduces the opportunities for new products and product improvements in the coming years, which are necessary forthe long-term competitiveness of the firm. As Intel chair Craig Barrett says, “You cut off your futureif you do not invest.”Required1. What role does risk aversion play in determining the amount to invest in research and developmenton an ongoing basis? How might a firm manage risk aversion so as to continue the desired level ofspending on research and development?2. What type of strategic business unit would you choose to evaluate the performance of the research anddevelopment department? Explain your choice brieflySuppose you are a Marketing Manager of a 5-star Hotel located in Baguio City, Philippines. You are tasked to perform a SWOT analysis to know what are factors expected to affect the company's operations. Examine each situation and identify whether it is a Strength, a Weaknesses, an Opportunity, or a Threat to your company. Answer: S. If the situation refers to a Strength W. If the situation refers to a Weakness O. If the situation refers to an Opportunity T. If the situation refers to a Threat ___1. Excellent staff who are highly trained and very customer attentive. ___2. Business taxes will increase by 3% next year. ___3. The present promotional activities have a great appeal to customers. ___4. Some employees have problems dealing with arrogant customers who give out unfavorable comments. ___5. Sometimes overlook financial issuances of check and deposited cash. ___6. hotel rates are high which contradicts to the company's positioning of "Premium Quality Services at an Affordable…
- My selected company is aboitiz power, can you provide the following information that will be needed for business plan and case study : we want to have a case study about aboitiz power company by providing the details that we need for case study , please explain further the objective, ALTERNATIVES AND ANALYSIS, conclusion and recommendation for aboitiz power case study. INTRODUCTION Background of the study on Global Business Management Time Context of the Study Company Profile: Background / History of the Company Company Performance Statement of the Problem Objectives Areas of Consideration ALTERNATIVES AND ANALYSIS (Cite discussion for each alternative course of action; with advantages and disadvantages for each course of action) RESULTS AND DISCUSSION CONCLUSION AND RECOMMENDATION see attached the link about Aboitiz Power and make a case study about that. 2013-On-track-with-Strategy.pdf (aboitizpower.com) https://aboitizpower.com…Survey the literature from the past six months to find one application each of DSS, BI, and analytics. Summarize the applications on one page and submit it with the exact sources. Compare and contrast predictive analytics with prescriptive and descriptive analytics. Use examples. Go to teradatauniversitynetwork.com and find the paper titled “Data Warehousing Supports Corporate Strategy at First American Corporation” (by Watson, Wixom, and Goodhue). Read the paper, and answer the following questions: What were the drivers for the DW/BI project in the company? What strategic advantages were realized? What operational and tactical advantages were achieved? What were the critical success factors for the implementation?Based on observations from the past 5-10 years, finance teams are striving to focus more on the future and being proactive. Training While the IBM finance team of today spends roughly 70% of its time on strategy and future and the remaining 30% on compliance and reporting. How much was spent on compliance and reporting 25 years ago? Group of answer choices 100% 50% 70% 30%