Strategic perspective of an organization, Electrical Engineering

Strategic Perspective of An organization

Strategic perspectives cover functions such as revenue, customer satisfaction, people, procedure and technology. Every organization requires a strategy to survive and grow on its own inside business environment in that it searches itself. Understanding of business environment begins along with identification of the internal and external forces in which shape its business.

Some dimensions of the forces in which act on a business are:

(a) Internal dimension that involves employees, assets, technology and capital.

(b) External forces which impact or shape the course of an organization within the business of power could be widely classified into: Government Policies, Regulatory Policies, Competition-Industry Structure, Socio-economic Environment,.

Organizational strategy for its survival and growth performance improvement is decided only after careful detailed analysis of the business environment. Commonly management by has been centered on the mechanistic view of the strategy, structure and systems. Bringing in the customer focus, people issues and process view helps the company within ensuring a balanced approach towards its environment. The core of Balanced Score Card (BSC) approach is bringing customer focus as the key driver within the overall procedure of strategy making. The balanced scorecard is nothing but management through fact and it comes from measurement. Balanced scorecard permits the managers to see their company more clearly. The Baldrige Criteria (1997) booklet reiterates that concept of fact-based management:

"Modern businesses depend upon measurement and analysis of performance. Measurements must derive from the organization strategy and give critical data and information about key processes, results and outputs. Data and information needs for performance measurement and improvement are of several types, involving: customer, product and service performance, market, operations, competitive comparisons, employee-related, supplier, and cost and financial. Analysis entails by using data to determine trends, projections and cause and effect - that might not be evident without analysis. Analysis and Data support a variety of company reasons, such as planning, reviewing company performance, improving operations, and comparing organization performance with competitors' or with 'best practices 'benchmarks."

"A main consideration in performance improvement includes the creation and use of performance measures or indicators. Indicators or Performance measures are measurable features of products, processes, services, and operations the company uses to track and improve performance. The measures or indicators should be chosen to best represent the factors that lead to improved customer, financial performance, and operational. A comprehensive set of measures or indicators tied to customer and/or organization performance requirements represents a clear basis for aligning all activities along with the company's goals. By the analysis of data from the tracking processes, the measures or indicators themselves might be evaluated and changed to better support such targets."

Posted Date: 2/6/2013 2:27:07 AM | Location : United States







Related Discussions:- Strategic perspective of an organization, Assignment Help, Ask Question on Strategic perspective of an organization, Get Answer, Expert's Help, Strategic perspective of an organization Discussions

Write discussion on Strategic perspective of an organization
Your posts are moderated
Related Questions
(a) Consider the following transmission line with the reactance X1 placed across the input. It is being driven with a frequency ω such that the length of the line is λ/4. W

Explain Commercial ADCs and DACs? Analog interface chips (AICs), like those in the Texas Instruments TLC32040 series, consist of all type of the analog components that explaine

Q. Explain about Elementary Direct-Current Machines? A preliminary discussion of dc machines, including Equations. The location of the brushes on the commutator arrangement con

Electric flux density (D): Electric flux density is a measurement of electric flux that pass through a unit of plate's area with a coincide angle, that is an area of 1 meter 2

To find out the largest of ten 8 bit numbers. Method: The numbers are stored in consecutive memory locations. The counter register is initialized with 0A and the address pointer po

Semi-conductors have temperature coefficient of resistance.  (A) Negative                                    (B) Positive (C) Both positive and negative        (D) none o

Question 1 With the help of energy band diagram differentiate between Insulators, semiconductors and metals Question 2 Explain the operation of RC phase shift oscillator

Q. (a) A balanced wye-connected load with per-phase impedance of 20 + j10 is connected to a balanced 415-V, three-phase supply through three conductors, each of which has a series

What are the advantages of wired-AND connection of digital IC

Q. Draw and explain an RC integrator, with equations RC Integrator is a low pass RC circuit in which the output is taken across capacitor. The low pass RC circuit gives conside