The Internal Assessment
The Internal Assessment focuses on identifying and evaluating a firm’s strengths and weaknesses in the functional areas of business, including: management, marketing, finance, production, research and development, computer information systems.
There are many subareas inside these functions, such as customer service, warranties, advertising, packaging, and pricing under marketing.
The functional business areas differ for different types of organizations, such as hospitals, universities, government agencies and so on. In a hospital, for example, functional areas may include cardiology, hematology, nursing, maintenance, physician support…
Functional areas of university can include athletic programs, placement services, housing, academic research, counselling (poradenství)…
Specific strengths and weaknesses in the functional areas of business can better determine through these questions. An answer no to any question could indicate a potential weakness. Positive or yes answers suggest (naznačuje) potential strength.
The list of questions in functional area management:
1. Does the firm use strategic-management concepts? (mission statements, vision statements, external assessment, internal assessment…)
2. Are company objectives and goals measurable and well communicated?
3. Do managers delegate authority well? (authority – for example I have authority to represent our company in transaction with our suppliers)
4. Is the organization’s structure suitable?
5. And so on.
The list of questions in functional area marketing:
1. Are markets segmented effectively?
2. Has the firm’s market share been increasing?
3. Are present (současné) channels of distribution reliable (spolehlivý) and cost-effective.
4. And so on.
The functional area finance:
The strengths and weaknesses in the area finance can be identified with help of financial analysis. Financial analysis is a method of strategic management.
Financial analysis includes financial ratios.
Key financial
There are many subareas inside these functions, such as customer service, warranties, advertising, packaging, and pricing under marketing.
The functional business areas differ for different types of organizations, such as hospitals, universities, government agencies and so on. In a hospital, for example, functional areas may include cardiology, hematology, nursing, maintenance, physician support…
Functional areas of university can include athletic programs, placement services, housing, academic research, counselling (poradenství)…
Specific strengths and weaknesses in the functional areas of business can better determine through these questions. An answer no to any question could indicate a potential weakness. Positive or yes answers suggest (naznačuje) potential strength.
The list of questions in functional area management:
1. Does the firm use strategic-management concepts? (mission statements, vision statements, external assessment, internal assessment…)
2. Are company objectives and goals measurable and well communicated?
3. Do managers delegate authority well? (authority – for example I have authority to represent our company in transaction with our suppliers)
4. Is the organization’s structure suitable?
5. And so on.
The list of questions in functional area marketing:
1. Are markets segmented effectively?
2. Has the firm’s market share been increasing?
3. Are present (současné) channels of distribution reliable (spolehlivý) and cost-effective.
4. And so on.
The functional area finance:
The strengths and weaknesses in the area finance can be identified with help of financial analysis. Financial analysis is a method of strategic management.
Financial analysis includes financial ratios.
Key financial