Are dividend payout policies reasonable? Produces a weighted score. Job analysis. Organizing. "name": "Production\/Operations", "width": "800" Are present products technologically competitive? Management development. Workforce. Integrating Strategy and CultureOrganizational Culture Pattern of behavior developed by an organization as it learns to cope with its problem of external adaptation and internal integrationis considered valid and taught to new members { Increasing free cash flows Room occupancy rates over 95% Largest casino company in world. Safety. { Opportunity analysis. "width": "800" "description": "Controlling. "contentUrl": "https://slideplayer.com/slide/6629208/23/images/29/Basic+Financial+Ratios.jpg", { Unity of command. "description": "Purpose \u2013 Improve performance of an enterprise by improving the quality of managerial decisions. "name": "Production\/Operations", Internal Strengths. Job analysis. "@type": "ImageObject", "@context": "http://schema.org", "@context": "http://schema.org", "contentUrl": "https://slideplayer.com/slide/6629208/23/images/43/Research+and+Development.jpg", "width": "800" "@type": "ImageObject", "width": "800" { "width": "800" Do managers at all hierarchical levels plan effectively? Enter the email address you signed up with and we'll email you a reset link. "@type": "ImageObject", Return on stockholders equity (ROE)Basic Financial Ratios Effectiveness shown by returns on sales and investment Ratios Return on stockholders equity (ROE) Earnings per share Price-earnings ratio Profitability ratios (continued) Where is the firm strong and weak as indicated by financial ratio analysis? "contentUrl": "https://slideplayer.com/slide/6629208/23/images/39/Production%2FOperations.jpg", "@context": "http://schema.org", "contentUrl": "https://slideplayer.com/slide/6629208/23/images/12/Organizing+Organizational+design+Job+specialization+Job+descriptions.jpg", }, 5 "description": "Marketing. Bridge between present and future. { }, 39 "@context": "http://schema.org", Cost/benefit/risk analysisMarketing Assessing costs Assessing benefits Assessing risks Cost/benefit/risk analysis Opportunity Analysis { Copyright 2005 Prentice Hall Ch 3 -2 Agenda Review of EFE and CPM Discussion on Internal Assessment Strengths. Are company objectives and goals measurable and well communicated? "contentUrl": "https://slideplayer.com/slide/6629208/23/images/30/Debt-to-total-assets+Long-term+debt-to-equity+Times-interest+earned.jpg", Price-earnings ratio. Job descriptions. Are the organizations R&D personnel well qualified? Leverage ratios. "name": "Integrating Strategy and Culture", "@type": "ImageObject", { ", Management Information Systems AuditDo all managers in the firm use the information system to make decisions? Does the firm have sufficient working capital? Clear statement of mission. "name": "Product features\/options Product\/service planning", Research and Development AuditDoes the firm have R&D facilities? Materials handling. Test marketing. Are data in the information system updated regularly? Product\/service planning. "name": "Nature of an Internal Audit", "@type": "ImageObject", { Little diversification. Do all managers in the firm use the information system to make decisions? Effectiveness shown by returns on sales and investment. "@context": "http://schema.org", Organizational design. To view this video please enable JavaScript, and consider upgrading to a web browser that Are capital budgeting procedures effective? Do managers from all functional areas of the firm contribute input to the information system? }, 49 Job design. Vision & Mission Strategy Formulation External Opportunities & Threats Internal Strengths & Weaknesses Long-Term Objectives Alternative Strategies Strategy. Marketing Customer analysis Selling products/servicesProduct and service planning Marketing research Opportunity analysis ", "@context": "http://schema.org", "@context": "http://schema.org", "width": "800" }, 30 Production/OperationsDesign of facility Choice of technology Facility layout Process flow analysis Facility location Line balancing Process control Process "description": "Planning. Copyright 2005 Prentice Hall1 Bus 411 Day 8. Budgeting relative to competitors. Planning. Net profit margin. "width": "800" ", supports HTML5 video, Published byCynthia Oliver "@context": "http://schema.org", "name": "Internal Audit Parallels process of external audit", Quality assurance. Are job descriptions and job specifications clear? "description": "Forecasting. "@type": "ImageObject", Are organizational reward and control mechanisms effective? Investment decision (Capital budgeting)", "@context": "http://schema.org", "name": "Integrating Strategy and Culture", "width": "800" }, 19 "name": "Production\/Operations", Are facilities, resources, and markets strategically located? "width": "800" }, 9 Average collection period. "width": "800" Selling Products\/services. Quality. Line balancing. "description": "Raw material. "@type": "ImageObject", Deciding how many successful new products are needed. Job analysis. "description": "Staffing. "description": "A firm\u2019s strengths that cannot be easily matched or imitated by competitors. "contentUrl": "https://slideplayer.com/slide/6629208/23/images/6/Integrating+Strategy+and+Culture.jpg", Process flow analysis. "@context": "http://schema.org", To learn more, view ourPrivacy Policy. ", Job descriptions. Staffing. Job design. Research and DevelopmentFinancing as many projects as possible Use percentage-of-sales method Budgeting relative to competitors Deciding how many successful new products are needed R&D budgets Span of control. Basic Financial RatiosFirms ability to meet its short-term obligations Ratios Current ratio Quick (or acid-test) ratio Liquidity ratios "width": "800" Communication. Finance/Accounting Determining financial strengths and weaknesses key to strategy formulation Investment decision (Capital budgeting) Financing decision Dividend decision Operating profit margin Return on total assets (ROA)Basic Financial Ratios Effectiveness shown by returns on sales and investment Ratios Gross profit margin Operating profit margin Net profit margin Return on total assets (ROA) Profitability ratios Job satisfaction. Expense control. "@type": "ImageObject", Coordination. Sampling. "description": "Basic Financial Ratios. "name": "Marketing Audit Are markets segmented effectively", "@type": "ImageObject", Does the firm have sufficient working capital? { "@type": "ImageObject", }, 6 "contentUrl": "https://slideplayer.com/slide/6629208/23/images/22/Market+segmentation+strategies.jpg", Span of control. { Use percentage-of-sales method. Are the firms financial managers experienced and well trained? Are quality-control policies and procedures effective? "description": "Mandalay Bay (in the previous example), has a total weighted score of 2.75 indicating that the firm is above average in its overall internal strength. Firm\u2019s current strategies response to the factor. Determining financial strengths and weaknesses key to strategy formulation, Firms ability to meet its short-term obligations, Effectiveness shown by returns on sales and investment, Firms ability to maintain economic position. Promotion. ", "name": "Research and Development Audit", "width": "800" "@context": "http://schema.org", "contentUrl": "https://slideplayer.com/slide/6629208/23/images/36/Production%2FOperations.jpg", "@context": "http://schema.org", Are present channels of distribution reliable and cost effective? "@type": "ImageObject", Are facilities, equipment, machinery, and offices in good condition? "name": "Accounts receivable turnover Average collection period", Are quality-control policies and procedures effective? Are organizational reward and control mechanisms effective? Management. Production/OperationsRaw material Work in process Finished goods Materials handling Inventory "@type": "ImageObject", "@type": "ImageObject", Improving manufacturing processes to reduce costs. }, 29 "name": "Internal Analysis (IFE)", Facilities planning. "contentUrl": "https://slideplayer.com/slide/6629208/23/images/23/Sales+force+management+Selling+Products%2Fservices.jpg", ", Customer relations. "@type": "ImageObject", "contentUrl": "https://slideplayer.com/slide/6629208/23/images/1/Lecture+3+The+Nature+of+an+Internal+Audit.jpg", Workforce. Does the firm use strategic-management concepts? Mandalay Bay. Organizational change. "width": "800" Marketing. Unity of command. ", Assessing risks. ", "name": "Return on stockholders\u2019 equity (ROE)", "contentUrl": "https://slideplayer.com/slide/6629208/23/images/35/Finance%2FAccounting+Audit.jpg", ", "name": "Organizing Organizational design Job specialization Job descriptions", ", Strategies designed in part to improve on a firm\u2019s weaknesses and turn to strengths. Culture can inhibit strategic management: Miss changes in external environment because they are blinded by strongly held beliefs, When a culture has been effective in the past, natural tendency to stick with it in future, even during times of major strategic change, Increases likelihood of achieving desired results, Defining task and authority relationships, Influencing people to accomplish specific objectives, Ensure actual operations conform to planned operations. }, 20 Does the firm have technological competencies? Interviewing. "description": "Marketing. Advertising. Job enrichment. }, 46 Earnings per share. Staffing. "width": "800" "contentUrl": "https://slideplayer.com/slide/6629208/23/images/17/Functions+of+Management.jpg", ", ", Management information systems. Is communication between R&D and other organizational units effective? Are job descriptions and job specifications clear? Firing. "name": "Debt-to-total-assets Long-term debt-to-equity Times-interest earned", Inventory. "contentUrl": "https://slideplayer.com/slide/6629208/23/images/25/Support+all+business+functions.jpg", Data input. "name": "Integrating Strategy and Culture", "name": "Support all business functions", Profitability ratios. Production/OperationsProcess Capacity Inventory Workforce Quality