CHAPTER 9 Strategy Review‚ Evaluation and Control True/False The Nature of Strategy Evaluation 1. If strategy implementation is successful‚ an enterprise can be lulled into complacency with success. Ans: F Page: 300 2. Adequate‚ timely feedback is important to effective strategy evaluation. Ans: T Page: 300 3. Too much emphasis on evaluating strategies may be expensive and counterproductive. Ans: T Page: 300 4. Strategy evaluation
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outline/numeric form the strategic objectives ought to address the strategic problems you have listed. Remember objectives need to be quantifiable with a time line. V. External Audit Industry analysis (Five Forces Model) Opportunities and Threats (EFE Matrix) VI. Internal Audit Financial analysis (Current ratio‚ Acid test ratio‚ Debt/equity ratio‚ ROI‚ Inventory turnover‚ A/R turnover‚ and any other ratio you feel important to discus – conduct a trend analysis and compare to industry averages
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Written Case Analysis Part I: Current Situation Wendy’s (Formerly branded as Wendy’s Old Fashioned Hamburgers) is an international fast food chain restaurant founded by Dave Thomas on November 15‚ 1969‚ in Columbus‚ Ohio‚ United States. Wendy’s known as the Wendy’s/Arby’s Group is the third quick service restaurant company. The merger of the two companies in 2011 comprised of the two brands Wendy’s and Arby’s. Wendy’s/Arby’s Group generated about $12 billion in system wide sales and comprise
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nature; however there are some that can threaten the well-being of the restaurant. The success of a company ultimately depends upon how well it can use its strengths to take advantage of external trends. By utilizing an External Factor Evaluation Matrix (EFE) a company’s chief strategist can analyze and determine crucial external opportunities and threats important to the future of their
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INTRO TO STRATEGIC MANGEMENT (LECTURE 1) YOUR THOUGHTS PLEASE • WHAT IS ‘STRATEGY’ AND WHAT DOES IT MEAN TO YOUR ORGANIZATION ? • SOME COMMON RESPONSES Strategy? Means several things to several people at different points of time. (‘Strategy is a series of goals and objectives that is used to run business’ (Strategy is an attempt to combine organizations activity and available resources to achieve stated objectives. (Strategy is the roadmap we use to get to where we want to go’ (Strategy
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References: Allende‚ I. (2007‚ January). TED. Retrieved from http://www.ted.com/talks/isabel_allende_tells_tales_of_passion.html?fb_ref=talkDeben EFE‚ A. (2012‚ July 5). EL ESPECTADOR. Retrieved from http://www.elespectador.com/noticias/actualidad/articulo-357502-despiden-salvavidas-rescato-un-hombre-fuera-de-su-jurisdiccion
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Faysal bank. In this project we have covered the Company introduction Vision/Mission statement analyses‚ Internal Factor Analysis‚ External Factor Analysis‚ CPM‚ and Application of complete Strategy-Formulation Analytical Framework i.e. The Input Stage (EFE‚ IFE‚ CPM)‚ The Matching Stage (SWOT‚ SPACE‚ BCG‚ IE‚ Grand Strategy matrices)‚ The Decision Stage (QSPM) We have covered almost all aspects of the Business Strategy. Acknowledgement All glories to Allah‚ the most beneficent
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Brief history 2.2 Current financial status 3. MISSION STATEMENT 4.1 Mission statement 4.2 Revised mission statement 4. VISION STATEMENT 5.3 Vision statement 5.4 Revised mission statement 5. EFE MATRIX 6.5 EFE matrix 6.6 EFE matrix summary 6. CPM MATRIX 7.7 CPM matrix 7.8 CPM matrix summary 7. IFE MATRIX 8.9 IFE matrix 8.10 IFE matrix summary 8. SWOT 9.11 SWOT matrix 9.12 SWOT conversion matrix
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analyses‚ and then decides objectively among alternative strategies. Stage 1 strategic management tools... The first step in the overall strategic management analysis is used to identify key strategic factors. This can be done using‚ for example‚ the EFE matrix and IFE matrix. Stage 2 strategic management tools... After we identify and analyze key strategic factors as inputs for QSPM‚ we can formulate the type of the strategy we would like to pursue. This can be done using the stage 2 strategic management
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makes the suppliers’ bargaining power stronger. 5. Bcause of the development of the internet‚ Online photo album reduced the need of print photos. 6. Highly competitive industry. 7. Srategic environmental（general environment）analysis (EFE) Key external factors | Weight coefficient | score | Weighted fractal | Large population of china | 0.06 | 3 | 0.18 | The increasing income | 0.10 | 4 | 0.40 | The development of education | 0.08 | 3 | 0.24 | Customer still willing to print
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