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"Culture eats strategy for breakfast!" What is culture and why is it important for strategy?
Culture can be defined as a set of values and beliefs that are shared within a particular group. What individual managers believe in and...
Agnes Sopel
Jul 30, 20236 min read
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Path dependancy analysis and historical analysis to determine strategic options
Business history shapes business strategic options and decisions. Sometimes it can give an unique advantage, but sometimes it can be a...
Agnes Sopel
Jul 30, 20234 min read
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Distinctive resources and capabilities as a basis for competitive advantage
Distinctive resources and capabilities are important for sustainable competitive advantage and superior economic performance. VRIO model...
Agnes Sopel
Jul 22, 20235 min read
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Value Chain Analysis
Value chain analysis is a model developed by Michael Porter (Porter, 1985). The analysis is based on the idea that the activities of an...
Agnes Sopel
Jul 9, 20233 min read
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McKinsey's 7s model
McKinsey’s 7s is an useful tool for analysing the company’s organisational design and to see how organisational effectiveness can be...
Agnes Sopel
Jul 9, 20234 min read
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Barney's Resource Based View
Barney’s (1991), Resource Based View of the firm model takes an ‘inside-out’ view of the firm to identify why organisations succeed or...
Agnes Sopel
Jul 9, 20238 min read
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Strategic Management - option thinking, social needs and expectations, complex systems, power law
Today's business environment is characterised by turbulence and unpredictability. Different shifts in the global balance of economic...
Agnes Sopel
Jul 9, 202312 min read
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Theory of Game, Segmentation matrix, Profit Pool Analysis and Strategic Groups
Porter's Five Competition framework is one of the most widely used tools for business strategy, determining the industry profitability...
Agnes Sopel
Jul 8, 202314 min read
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Five Forces Framework, Forecasting Industry Profitability and Determining Industry Success Factors
Business strategy is essentially a quest fo profit and we need to identify the sources of profit in external environment. We are to...
Agnes Sopel
Jun 25, 202314 min read
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Business stakeholders and corporate governance
Stakeholders Stakeholders and governance play crucial role in business strategy. Strategy decisions are influenced by different...
Agnes Sopel
Jun 24, 20233 min read
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Introduction to strategy
Strategy is the direction of the organisation. There needs to be a careful analysis of relevant data and then a decision of what the...
Agnes Sopel
Jun 17, 20237 min read
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Six Sigma - Good enough is never enough!
Six Sigma is an approach to eliminate defects based on data for the development of reliable processes so that they deliver the intended...
Agnes Sopel
May 9, 202310 min read
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Management accounting performance management techniques
In this blog I will be dealing with some common issues in management accounting and some widely adopted management accounting performance...
Agnes Sopel
May 1, 202324 min read
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Working capital management and procurement
Businesses generally use more then one method to assess potential projects and there are some practicalities associated with investment...
Agnes Sopel
Apr 29, 20238 min read
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Principles of procurement - fixed price and cost reimbursement
Procurement is a process of acquiring goods from supplier or services from service provider. It can be a complex process and the degree...
Agnes Sopel
Apr 29, 20238 min read
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Managing working capital
Working capital is defined as current assets less current liabilities. The main elements of assets are: * inventories, * trade...
Agnes Sopel
Apr 28, 202314 min read
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Working capital management - management of inventory, payables and receivables - WCR determination
In this blog, we will look at the short-term elements of the balance sheet, the net current asset or working capital which is normally...
Agnes Sopel
Apr 27, 202314 min read
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Making capital investment decisions - PP, ARR, NPV and IRR
In this blog we will assess on how business should assess potential investments in new plant, machinery, buildings and other long-term...
Agnes Sopel
Apr 26, 20237 min read
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Internal rate of return
The Internal Rate of Return (IRR) method is based on discounting. It is very similar to the NPV method mentioned and explained in my...
Agnes Sopel
Apr 26, 20233 min read
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Net present value - NPV calculation
Unlike the Payback and the Accounting rate of investment (ARR) methods mentioned in my previous blogs, the net present value (NPV) method...
Agnes Sopel
Apr 23, 20238 min read
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