Strategies for Business Success
Product Development
- Higher Profit Margins
- Focus on Technology Companies
- Monopoly Advantage through Unique Products
- Industry Disruption
- Product Line Extension
Meeting Customer Needs
Branding and Marketing
Economies of Scale
- Low-Cost Provider Strategy
Strategic Planning
- Enhancing Performance through Core Competencies
- Outsourcing and Offshoring
Mergers and Acquisitions
Effective Management and Incentives
Management and Leadership
The role of managers has evolved from simply giving orders to focusing on team building
Read MoreUnderstanding Organizational Models & Structure
Organizational Development Theories
This section examines key approaches to organizing work and structuring companies, focusing on the Taylor system and the Japanese model associated with Ouchi.
Taylor’s Scientific Management
The Taylor-style system features the organization of work based on the division of labor, control of time for each task, and work structured around the assembly line (division of labor, time control, line work).
This company structure is characterized by the following:
- Workers typically
Fundamentos de Economía: Necesidades, Bienes y Sistemas
Introducción a la Economía
Concepto de Economía
Ciencia que tiene como objetivo determinar el mejor uso de los recursos escasos en el mundo por parte del ser humano. Se preocupa por cómo se administran los recursos que son escasos.
Escasez de Recursos: Surge porque las necesidades son ilimitadas y los recursos tienen usos alternativos.
Una necesidad es la carencia de algo, que se satisface mediante bienes o servicios:
- Bienes: Productos que proporcionan alguna utilidad o beneficio.
- Servicios: Algo
Core Business Strategy Concepts and Frameworks
Understanding Business Strategy Concepts
What is Strategy?
- A comprehensive plan designed to achieve long-term objectives.
- Involves setting priorities and allocating resources effectively.
- Aims to align internal capabilities with external market conditions.
- Example: Apple’s strategy focuses on continuous innovation and product differentiation to maintain its market leadership in consumer electronics.
Strategic Decision Making
- The process of choosing among alternative actions to achieve strategic goals.
- Requires
Banking Services, Competitors, and Regulators
Banking Services
- Advancing of Loans
- Overdraft
- Discounting of Bills of Exchange
- Cheque Payment
- Collection and Payment of Credit Instruments
- Foreign Currency Exchange
- Consultancy
- Bank Guarantee
- Remittance of Funds
- Credit Cards
- ATM Services
- Debit Cards
- Home Banking
- Online Banking
- Mobile Banking
- Accepting Deposits
- Priority Banking
- Private Banking
Financial Competitors
- Savings & Loan Associations
- Savings Banks
- Credit Unions
- Money Market Funds
- Mutual Funds
- Hedge Funds
- Securities Brokers & Dealers
- Finance Companies
- Casualty
Fundamentals of Organizational Structure and Design
Organizational Design Fundamentals
Organizational Design is the process through which managers build, assess, and modify the formal organizational structure to facilitate the development of necessary tasks to achieve goals efficiently.
Design Structure: Differentiation
Differentiation consists of dividing the organization’s workload into basic tasks and assigning them to different people in different spaces, providing them with the necessary resources and responsibilities to perform them. This increases
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