They achieve this by breaking down the market in to two categories; the pace of change in technology and the pace of change in technology, determining four possible scenarios and subsequently determining whether any first mover advantage is likely to be “short- lived” or “durable”. These scenarios rely on different sets of capabilities and assets (Suarez et al, 2005), This framework is useful because it allows one to determine the likelihood of achieving a first mover advantage by analyzing the pace of change in a particular market. It can enable executives to strategically decide, based on their current assets and resources, when to enter and, probably more importantly, when to exit a market. Knowing how long your advantage is likely to last can inform your strategic thinking and perhaps even give you a slight advantage over your competition. Where they are different (600 words) Describing the sustainability of the
The previous studies on multi-skilling conducted in different contexts at various organizations across the globe were scanned by the researchers to obtain a better perspective on its pros and cons before evaluating the same in CAS, Nizwa. Some of them are enumerated below: The Impact of Multi-Skilling on Personnel Scheduling in the Service Sector: A Retail Industry Case by César Augusto HenaoJuan Carlos MuñozJuan Carlos Ferrer (2015) used personnel scheduling to reduce overstaffing and understaffing in a service industry across multiple periods was often undermined by lack of flexibility due to the exclusive use of specialized personnel. This study analysed the impacts of assigning multi-skilled personnel to different activities and its potential for improving schedule efficiency. A proposed mixed integer linear programming model determined the employees who were trained to work in the given activities and their assignments over a one-week planning horizon. The model results showed that the lowest total-cost multi-skilled configurations were obtained in scenarios where personnel supply and demand was in equilibrium.
Roles of financial forecasting i. Business and investments are forward looking activities. Both the business manager and the investor look towards the future for financial achievements in the form of profits and cash flow. Therefore it is necessary for these business managers and investors to seek and review financial plans and financial forecasts to help them determine financial viability and revenue prospects of the companies they are assessing. ii.
The Multiples approach is usually only used to get a rough estimate how much a company could be worth. The only advantage of this method is its simplicity. Disadvantages would be that it doesn’t consider the future performance of a company and that it’s subjective because truly comparable companies rarely exist. In the case of Dollar General, the Multiple method doesn’t show an appropriate value because it doesn’t consider its special business model. All these “comparable” companies are just part of the same industry which doesn’t make them truly comparable companies.
They may not be directly related to the organisation’s strategy and do not indicate how performance may be improved. Key factors that drive successful performance in the current environment include quality of service, customer satisfaction, reliability, faster delivery and value for money. The financial results based on accounting measures focus on short-term performance and may result in myopia. Another dis-advantage in the over-reliance on financial performance measures is the possible manipulation of results to achieve financial targets. Furthermore are retrospectively obtained and tend to be focussed internally.
The vast applicability of this model in terms of risk-investment would follow to the demand or the level of necessity the market could have. Since the goal of every investor is to achieve the optimal return on the invested capital with a reduced risk of losing it, decisions, which can be considered as non-systematic risk using the tool, would always be a great factor to the success or loss of any investment. Moreover, the data is statistically measured
It is calculated by dividing the initial investment by annual cash flows and has several advantages. It is simple to use as it utilises accounting information which is readily available to decision makers to identify cash flows. It reduces uncertainty as it selects the project with the shortest payback period. It is helpful to organisations which may have limited cash flow, as it measures the speed of cash recovery. This method also quantifies the criteria for a project in a manner decision makers are more familiar
Multi-business sector makes a more mind boggling manifestation of contention which takes rivalry to next level. The contenders are very centre and attempt to think of a few aggressive methodologies to offer their item. From Competitors to Competitive Dynamics: Competitive Dynamics: • The moves made by one firm will produce reactions from alternate
If this situation persists for longer periods of time, then there is a high chance that the business will have to face high employee turnover, which will just worsen the conditions. High costs involved A huge disadvantage of the matrix model is the tremendous expense which acts as an immense drainage point of the budget of the company. It’s actually the need of the dual management that raises the overhead costs for the business. Since the brand has to pay extra salaries to those who are added because of the model, this puts a strain on the resources of the brand. The expertise that the employees, working under the dual management, bring to the table is a valuable asset to the business.
Moreover, two methods that you can use to perform an investment analysis include: Top-down approach You can start by analyzing the broad perspective and end with the analysis of the specific stock or bond you want to invest in. With this method, you can determine the profitability of investments, direction, and significance of any interest made. You can also use this method to determine the conditions affecting a market and how they impact the market. However, a major disadvantage of using this method is that it causes investors to overlook some stocks that have the potential of offering large returns. To avoid this, you can use the bottom-up method.