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- 4 Key Example of Core Competencies for Competitive Advantage
The concept Example of Core Competencies STATES these are activities, processes and abilities that give the entity a capability of meeting the Critical Success Factors (CSF’s) for products or services and achieving competitive advantage. Table of ContentsWhat are Competences? (Types)1. Threshold Competences2. Core Competences3. Sustainable Core CompetencesExample of Core Competencies – 4 Key ElementsThe Bottom … Read More - PESTEL Analysis Example(s): 6 Factors of Environmental InfluenceThe concept PESTEL Analysis Example(s) STATES it is a ‘structured approach‘ to analyzing the External Environment of an entity. The influences (current influences and possible future influences) of the environment on the entity are grouped into categories. Table of ContentsPESTEL AnalysisPESTEL Analysis Example(s) – Practical1. Political Environment2. Economic Environment3. Social and Cultural Environment4. Technological Environment5. … Read More
- Stakeholder Expectations Examples: All-Inclusive GuideThe concept Stakeholder Expectations Examples STATES that each stakeholder or stakeholder group has different expectations from a company. They expect to benefit from their association with the company and the benefits they expect are different. Stakeholders According to ‘Traditional View of Corporate Governance‘ these are: Stakeholder Expectations Examples – Explained Expectations 1. Shareholders (a) Share … Read More
- Intended Strategy Examples: What Does it Mean? (Definition)Intended Strategy Examples DEPICTS ‘Intended Strategy‘ is a strategy that is planned in advance through a formal planning process. Intended Strategy – Definition ‘Intended Strategy‘ is a strategy that is planned in advance through a formal planning process. The choice of strategy is a conscious decision by Senior Management. Intended Strategy Examples (Practical) The Board … Read More
- What is the Purpose of a Mission Statement? 6 Key ElementsWhat is the Purpose of a Mission Statement STATES ‘Mission‘ is the purpose of an organisation and the reason for its existence. What is the Purpose of a Mission Statement? (6 Key Purposes) A ‘Mission Statement‘ can have SEVERAL different purposes:
- What is the Vision and Mission Statement of the OrganizationWhat is the Vision and Mission Statement of the Organization STATES ‘Vision statement‘ represents a desired optimal future state of what the organisation wants to achieve over time; AND ‘Mission‘ is the purpose of an organisation and the reason for its existence. Table of ContentsWhat is the Vision and Mission Statement of the Organization? (With … Read More
- IFRIC 16—Hedges of a Net Investment in a Foreign OperationIFRIC 16 DESCRIBES hedges of a net investment in a foreign operation, and STATES that the Presentation Currency does NOT create an exposure, the hedging instrument May-be held by any entity, IAS 21 to be applied in respect of the hedged item. Table of ContentsIFRIC 16 – Key Terms1. Foreign Operation2. Net Investment in a … Read More
- Strategy Implementation in Strategic Management: Key StepsStrategy Implementation in Strategic Management MEANS implementing the chosen strategies i.e the 3rd element of Strategic Management by Johnson, Scholes and Whittington. Table of ContentsElements of Strategic ManagementStrategy Implementation in Strategic Management1. Organising2. Enabling3. Managing Change Elements of Strategic Management Johnson, Scholes and Whittington STATE that Strategic Management consists of three elements: Strategy Implementation in … Read More
- ISA 600 (Revised) – Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors)ISA 600 (Revised) DEALS with special considerations that APPLY to group audits in particular those that involve component auditors. Table of ContentsISA 600 (Revised) – Introduction1. Scope of this ISA2. Effective DateISA 600 – ObjectivesISA 600 – Definitions1. Component2. Group3. Component Materiality4. Group Audit5. Group Financial Statements6. Group Engagement Partner7. Group Engagement Team8. Significant ComponentISA … Read More
- Strategic Choice in Strategic Management: All-InclusiveStrategic Choice in Strategic Management STATES Identifying different possible strategies that the entity might adopt and making a choice of the preferred strategies i.e 2nd element of Strategic Management by Johnson, Scholes and Whittington. Table of ContentsElements of Strategic ManagementStrategic Choice in Strategic Management1. Types of Strategic Choices1.1 Corporate Level and International1.2 Business Level Strategies1.3 Development … Read More
