During the
fourth class, we are learning on how to evaluate the company's resources,
capabilities and competitiveness. The objectives of the chapter are focusing on
how well company's strategy is working. The successes of the company are
determined by its business strategy. It is crucial for a company to have good
business strategy to run the business well.
There are three best indicators of how well
company's strategy is working as listed below :
It is well stated that, the stronger a company's current overall
performance are related to its well-conceived and well-executed strategy.
Meanwhile, the company which has weak financial performance and market standing
need radical changes to sustain its business. Besides, to evaluate how well
company's strategy is working should also include quantitative and qualitative
assessments.
On this
chapter, there are also several calculations to be learned as to evaluate the
company's performance. Every company have different financial resources to run
their business well.
This topic
helps us to get better understanding about the evaluation of financial performance of a particular business. It is crucial as we
could know how well the present strategy working for the business is as there
are five different strategies could be used. Lastly, the class gave me new
knowledge about the business world today. =)
That's all for this entry. wslm..
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