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Strategy Evaluation Framework



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SMART  What is SMART SMART is an analytical technique for designing objectives in management and planning. SMART is an acronym from the initial letter of the English names of the objective attributes: Specific, Measurable, Achievable/Acceptable, Realistic/Relevant, Time specific/Trackable. SMART   is an   analytical technique  for designing   objectives   in  management and  planning .  SMART is an acronym from the initial letter of the English names of the objective attributes: S  - Specific M  -  Measurable A  - Achievable/Acceptable R  - Realistic/Relevant T  - Time Specific/Trackable Use of the SMART method in practic e :   SMART method is used for the design of  objectives  (especially   specific objectives ).  In their design it must be maintained the  SMART   condition for each objectives and their  metrics .  It means th...
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Mission Statements

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1.  Customers —Who are the firm’s customers? 2.  Products or services —What are the firm’s major products or services? 3.  Markets —Geographically, where does the firm compete? 4.  Technology —Is the firm technologically current? 5.  Concern for survival, growth, and profitability —Is the firm committed to growth and financial soundness? 6.  Philosophy —What are the basic beliefs, values, aspirations, and ethical priorities of the firm? 7.  Self-concept —What is the firm’s distinctive competence or major competitive advantage? 8.  Concern for public image —Is the firm responsive to social, community, andenvironmental concerns? 9 .  Concern for employees —Are employees a valuable asset of the firm? GOLDEN ROSE To produce quality products by using modern and advanced technology (4) by meeting expectations with a customer oriented approach, (1) Contributing to social and economic development by fulfilling lega...
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what is business ethic?

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What is Business Ethics? The concept has come to mean various things to various people, but generally it's coming to know what it right or wrong in the workplace and doing what's right -- this is in regard to effects of products/services and in relationships with stakeholders. Wallace and Pekel explain that attention to business ethics is critical during times of fundamental change -- times much like those faced now by businesses, both nonprofit or for-profit. In times of fundamental change, values that were previously taken for granted are now strongly questioned. Many of these values are no longer followed. Consequently, there is no clear moral compass to guide leaders through complex dilemmas about what is right or wrong. Attention to ethics in the workplace sensitizes leaders and staff to how they should act. Perhaps most important, attention to ethics in the workplaces helps ensure that when leaders and managers are struggling in times of crises and confusion, they reta...
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