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What are the advantages and disadvantages of strategic business unit?
Wiki User
∙ 9y ago
An advantage of a strategic business unit is its ability to react to change. A disadvantage is the need for advanced technology to make decisions.
Wiki User
∙ 9y ago
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What does the marketing department provide leadership activities in At the strategic business unit level?
C
Advantages of a decision making unit?
importance of the decision making unit
How and why the choice of current strategy likely to be influenced by the past strategy?
"Strategy is the direction and scopeof an organisation over the long-term: which achieves advantage for the organisation through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfil stakeholderexpectations".In other words, strategy is about:* Where is the business trying to get to in the long-term (direction)* Which markets should a business compete in and what kind of activities are involved in such markets? (markets; scope)* How can the business perform better than the competition in those markets? (advantage)?* What resources (skills, assets, finance, relationships, technical competence, facilities) are required in order to be able to compete? (resources)?* What external, environmental factors affect the businesses' ability to compete? (environment)?* What are the values and expectations of those who have power in and around the business? (stakeholders)Strategy at Different Levels of a BusinessStrategies exist at several levels in any organisation - ranging from the overall business (or group of businesses) through to individuals working in it.Corporate Strategy - is concerned with the overall purpose and scope of the business to meet stakeholder expectations. This is a crucial level since it is heavily influenced by investors in the business and acts to guide strategic decision-making throughout the business. Corporate strategy is often stated explicitly in a "mission statement".Business Unit Strategy - is concerned more with how a business competes successfully in a particular market. It concerns strategic decisions about choice of products, meeting needs of customers, gaining advantage over competitors, exploiting or creating new opportunities etc.Operational Strategy - is concerned with how each part of the business is organised to deliver the corporate and business-unit level strategic direction. Operational strategy therefore focuses on issues of resources, processes, people etc.How Strategy is Managed - Strategic ManagementIn its broadest sense, strategic management is about taking "strategic decisions" - decisions that answer the questions above.In practice, a thorough strategic management process has three main components, shown in the figure below:Strategic AnalysisThis is all about the analysing the strength of businesses' position and understanding the important external factors that may influence that position. The process of Strategic Analysis can be assisted by a number of tools, including:PEST Analysis - a technique for understanding the "environment" in which a business operatesScenario Planning - a technique that builds various plausible views of possible futures for a businessFive Forces Analysis - a technique for identifying the forces which affect the level of competition in an industryMarket Segmentation - a technique which seeks to identify similarities and differences between groups of customers or usersDirectional Policy Matrix - a technique which summarises the competitive strength of a businesses operations in specific marketsCompetitor Analysis - a wide range of techniques and analysis that seeks to summarise a businesses' overall competitive positionCritical Success Factor Analysis - a technique to identify those areas in which a business must outperform the competition in order to succeedSWOT Analysis - a useful summary technique for summarising the key issues arising from an assessment of a businesses "internal" position and "external" environmental influences.Strategic ChoiceThis process involves understanding the nature of stakeholder expectations (the "ground rules"), identifying strategic options, and then evaluating and selecting strategic options.Strategy ImplementationOften the hardest part. When a strategy has been analysed and selected, the task is then to translate it into organisational action.Sujeet - PTU
What are the duties and responsibilities of a micro finance unit manager?
The unit manager oversees all field operation activities in a unit including recruitment of personnel, setting up of the branches of the business, planning and implementing the business' short-term plan, meeting the business plan targets, resolving issues in the field, maintaining the branch in a disciplined and efficient way, and representing the business. They also ensure overall branch profitability and performance at a high level.
What is the role of middleman in distribution in channel in business?
the role of middleman in distribution is to get porduct to consumption unit.
Walt Disney company has four major strategic business units place them on the BSG matrix?
strategic business unit
What are the disadvantages and advantages of graphic processor unit?
when you know let me know lol
What is a SBU?
SBU stands for Strategic Business Unit, which is an independent unit within a larger company with its own business strategy and objectives.
What are the advantages of using central processing unit?
Computers don't work without a CPU, so there are no advantages or disadvantages.
What does the marketing department provide leadership activities in At the strategic business unit level?
C
What is statrategic business unit?
Strategic business unit means the core group of the business which takes care of the actual work content of the whole business. it acts as a back bone for the firm to lead the operations.
What is STRATEGIC BUSINESS UNIT head?
The STRATEGIC BUSINESS UNIT head is the one taking care of the proper positioning of sales and marketing strategies to the company's overall business plans. This task includes proper planning, forecasting, marketing, creating policies to Êenhance the company's objectives.Ê
What are the advantages and disadvantages of product structure?
Some of the advantages and disadvantages of product structure are that product structure enables companies to remain flexible in the business environment. Businesses are able to remove or expand specific structures as necessary, but it can prevent companies from achieving broad based goals as each structured unit is operated on its own.
Strategic Business Unit Structure?
Strategic Business Unit StructureHighly diversified corporations often combine similar divisions into strategic business units (SBUs). This helps coordinate activities and attain synergies. ConAgra is an example of a company with dozens of divisions grouped into three SBUs -- food service, retail, and agricultural products. SBUs are typically run as profit centers.The primary advantage of the SBU structure is that it makes planning and control more manageable. The disadvantages include it may be difficult to realize synergies even among similar divisions and the additional hierarchical level of an SBU adds personnel and overhead expenses.
What are the advantages and disadvantages of the unit price?
Helps one to become a smarter shopper, by doing accurate price comparison
What the advantages and disadvantages of using different unit of measurement?
one disadvantage is that we could get a measurement mixed up with another measurement.
What advantages and disadvantages of using different unit of measurement shopping in the supermarket?
advantages of using different units of measuremenys shopping at supermarket is we can know the price easily without cheating
