12 key strategies in business

Applying Business Strategies - 12 key steps 300

12 STEPS IN STRATEGY APPLICATION

1. Performance gap analysis with industry standards
• Critical success factors (positive)
• Critical performance gaps (negative)
2. Market Opportunity Positioning
3. Decide on Michael Porter Business Strategies
4. Marketing 4Ps strategies to reach the market target
5. Business simulations and modelling
6. Clear and specific work objectives and goals at all levels. 
7. Key Performance Indicators for all work activities
8. Key Result Areas (for all core business areas)
9. Cause effect relationship through the BSC perspectives
• Customers' Growth
• Operational Efficiency Strategies
• HR efficiency Strategies
• Financial Objectives
10. Participation and ownership of strategies - agreed KPIs for all
11. Performance Planning and appraisals - Reward and recognition - HR functions
12. Performance Budgeting and business plans
• Profit planning with cost volume profit analysis
• Working capital strategies
• Fixed Capital strategies
• Financing Strategies

Copyright:  Arriffin Mansor 012-2786282