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Question 1:
Explain the concept of core competencies and its main characteristics. Describe the different ways by which core competencies can be developed in an organization.
Question 2:
"A strategy is only as good as its implementation". Explain this statement with regard to the criteria and conditions for ensuring effectiveness of strategy implementation.
Q. Calculate the Earnings per share? EPS = Profit available to ordinary shareholders (PAT)/Weighted average number of shares in issue (Pence per share) This ratio shows t
Strategy used to gain as much sales volume as possible as fast as possible by undercutting competitors' prices.
Q. Neely's 4Cs in performance measurement 1. Check position e.g. where are we now? 2. Communicate position e.g. to internal and external stakeholders. 3. Confirm pri
Central banks had been supplying short-term funding to smooth needed adjustments in the banking sector, but that alone could not stem bank losses. So what had been addressed as a l
Recommended process to develop a performance measurement system 1. Senior management need to determine a clear vision of the change that will be required and demonstrate comm
Design a comprehensive Change Management Strategy for your organisation/division/unit and with that (strategy) make sure that organisational diagnosis/analysis are addressed and cr
A highly perishable drug spoils after three days. That is, a fresh unit on day t may be used on day t, day t+1, and day t+2, but must be disposed of at the end of day t+2. Each
Q. Examples of external failure cost The customer perspective can control performance by the assessment of external quality failure. Costs incurred after the customer has rec
The functions of a performance measurement system; - Publicise direction for 'everyone to follow' e.g. partners, managers, directors, team members and other stakeholders. -
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