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    Strategic Managemetn Lecture 8

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    rabia khan
    The document discusses strategic management concepts including internal environment analysis and functional areas. It focuses on the operations/production function, describing the transformation of inputs into higher value outputs. Key aspects of operations analysis are identified such as operations cost analysis, break-even point analysis, inventory analysis, efficiency/productivity analysis, and equipment usage analysis. Research and development aims to innovate new products. Strengths and weaknesses are determined by comparing internal factors like costs, inventory levels, and equipment efficiency to understand an organization's performance.

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    Strategic Managemetn Lecture 8

    Uploaded by

    rabia khan
    21 views3 pages
    The document discusses strategic management concepts including internal environment analysis and functional areas. It focuses on the operations/production function, describing the transformation of inputs into higher value outputs. Key aspects of operations analysis are identified such as operations cost analysis, break-even point analysis, inventory analysis, efficiency/productivity analysis, and equipment usage analysis. Research and development aims to innovate new products. Strengths and weaknesses are determined by comparing internal factors like costs, inventory levels, and equipment efficiency to understand an organization's performance.

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    The document discusses strategic management concepts including internal environment analysis and functional areas. It focuses on the operations/production function, describing the transformation of inputs into higher value outputs. Key aspects of operations analysis are identified such as operations cost analysis, break-even point analysis, inventory analysis, efficiency/productivity analysis, and equipment usage analysis. Research and development aims to innovate new products. Strengths and weaknesses are determined by comparing internal factors like costs, inventory levels, and equipment efficiency to understand an organization's performance.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    21 views3 pages

    Strategic Managemetn Lecture 8

    Uploaded by

    rabia khan
    The document discusses strategic management concepts including internal environment analysis and functional areas. It focuses on the operations/production function, describing the transformation of inputs into higher value outputs. Key aspects of operations analysis are identified such as operations cost analysis, break-even point analysis, inventory analysis, efficiency/productivity analysis, and equipment usage analysis. Research and development aims to innovate new products. Strengths and weaknesses are determined by comparing internal factors like costs, inventory levels, and equipment efficiency to understand an organization's performance.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Strategic Management Lecture 8

    STRATEGIC MANAGEMENT CONCEPT AND CASES FRED R. DAVID 13 TH EDITION

    Topic Week 5 Lecture 8


    STRATEGY Q.1 What is Internal environment and Functional areas of
    FORMULATION: Internal environment?
    Q.2 What is management and functions of management?
    Internal Assessment/ What is marketing and its functions.
    The Internal Q.4 How financial analysis is done in internal
    Environmental environment?
    3
    Analysis Q.5 Identify key internal organizational factors that affect
    an organizations operation?
    Q.6 Determine the strengths and weaknesses of an
    Class organization?
    Discussion/Group
    Discussion

    Operation/ Production Function

    “The definition of operations includes the process of transforming input/resources (e.g. steel, oil, etc.)
    into products/outputs that are of higher value to the user.”

    The transformation could be physical (size, shape, appearance) or in content (mixture, separated,
    etc.). In the case where expertise, skill or knowledge is required (e.g. lawyer or lecturer), operations
    are in the form of services.

    Efficient implementation of business activities is important for company running its business. Basic
    functions (decisions) with in operations/production.

    1. Process: These decisions include Choice of technology, facility layout, process flow analysis,
    facility location, line balancing, process control and transportation analysis.
    2. Capacity:Forecasting, planning, aggregate planning, scheduling, capacity planning.

    3. Inventory: To manage level of raw materials, work in process, and finished goods, especially
    considering what to order, when to order, how much to order, and material handling.
    4. Workforce:To manage the skilled, clerical and managerial employees by caring for job design,
    work measurement, job enrichment, work standards and motivation techniques.
    5. Quality: To ensure high quality goods and services are produced, by caring for quality control,
    sampling, testing, cost control.
    Steps in operations analysis.

    According to Zainal Abidin (2007) following internal aspects considered in operational analysis.
    1. Operations Cost analysis: Evaluate cost of raw materials, labor and fixed costs used to run
    daily operations.

    2. Break-even point analysis: Determines


    what sales volume must be reached
    before the company breaks even (total
    costs equal total revenues) and no
    profits are earned.

    3. Inventory analysis:It is the technique to determine the optimum level of inventory for a


    firm.The four types of inventory most commonly used are Raw Materials, Work-In-Progress (WIP),
    Finished Goods, and Maintenance, Repair, and Overhaul (MRO). When you know the type of inventory
    you have, you can make better financial decisions for your supply chain.

    4. Efficiency and productivity analysis:This analysis focus on increasing aspects in the efficiency
    of machines and developing new techniques.

    5. Usage of equipment and machinery analysis . Used to determine efficiency level of equipment
    and machinery in the company.

    Research and Development

    Research and development (R&D) include activities that companies undertake to innovate and
    introduce new products and services. It is often the first stage in the development process. The goal
    is typically to take new products and services to market and add to the company's bottom line

    Strengths and weaknesses of and organization

    SWOT standsfor Strengths, Weaknesses, Opportunities, and Threats. Strengths and


    weaknesses are internal to your company—things that you have some control over and can change.
    ... Opportunities and threats are external—things that are going on outside your company, in the
    larger market.

    To determine the actual performance of a company more precisely a comparison of following factors
    are necessary:

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