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Strategic Intent

In 1989, Gary Hamel and C.K. Prahalad created an upheaval with their article entitled “Strategic Intent”. It was published in the Harvard Business Review. Hamel and Prahalad argue that in order to achieve success, a company must reconcile its purpose (end) with its means through Strategic Intent. What is Strategic Intent? In their book, Hamel [...]

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Reference Documents by Business Topic

This compiled list of reference documents has been republished from the Flevy blog here.  Please bookmark the original article, as that is updated on a weekly basis. These documents below are mostly consulting methodologies developed for and by consulting firms. 5S 5S for the Office https://flevy.com/browse/business-document/5s-for-the-office-161 5S Visual Workplace http://flevy.com/browse/business-document/opex-5s-visual-workplace-training-module–602 5S: Five Disciplines for High [...]

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Benchmarking

A benchmark is a point of reference for a measurement. Benchmarking is process of comparing one’s business processes and performance metrics to industry bests or best practices from other industries. It does this by capturing performance metrics and comparing their values with a comparable set of previously recorded measures. This comparison set can be taken [...]

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Instrumental Approach of Stakeholder Theory

The view regarding Strategic Stakeholder Management, described by Berman, Wicks, Kotha, Jones using earlier work of Edward Freeman is an Instrumental Approach.  Stakeholder theory plays a very important part in the modern business ethics. It is a theory of organizational management and business ethics that emphasis on morals and values required in managing the organization. [...]

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Internal Stakeholder Commitment

Internal Stakeholder Commitment (also called Intrinsic Stakeholder Commitment) was first introduced by Berman, Wicks, Kotha, Jones and others, and is published in the 1999 10 issue of the “Academy of Management Journal” (Academy of Management Journal, 42 No. fifth), in the course of theoretical research, they used the method of normative (Edward Freeman The Normative [...]

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Operations Research

Operations Research (OR), or Operational Research, is a discipline that deals with the application of advanced analytical methods to help make better decisions. It is often considered to be a sub-field of mathematics. The terms management science and decision science are sometimes used as more modern-sounding synonyms. Employing techniques from other mathematical sciences, such as [...]

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Value Creation Index

The Value Creation Index (VCI) is a tool that was designed to quantify the link between an organization’s non-financial performance and its valuation in the markets. Traditional methods of assessing organizational performance are no longer adequate in today’s economy. The price of a stock is less and less determined by earnings or its asset base. [...]

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Kaizen

Kaizen strategy is the single most important concept in Japanese management–the key to successful Japanese companies such as Toyota. Kaizen, which simply means continuous improvement, is the foundation for all Lean production improvements. Kaizen events are opportunities to make focused changes in the workplace. Kaizen is actually a way of life philosophy. It assumes that [...]

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GE-McKinsey Matrix

The GE-McKinsey Matrix is a business framework to perform a business portfolio analysis on the Strategic Business Units of a corporation. It is also commonly referred to as GE Matrix, McKinsey Matrix, GE Multi-factoral Analysis, Business Assessment Array, and GE Business Screen. It was developed jointly by McKinsey and General Electric in the early 1970s as [...]

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Stakeholder Value Perspective

Stakeholder Value Perspective is a management concept that regards maximization of the interests of its all stakeholders (customers, employees, shareholders, and the community) as its highest objective. Its objective is to maximize this value by following policies that (1) minimize cost and waste while improving the quality of its products, (2) enhance the skills and [...]

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