In many cases that we meet in our real world or we hear to friends that their company is facing problems and they are not sure what and how to undertake to resolve the problems. They might have taken actions but normally they are in the wrong mode or its right but not accurate.
After certain period of research that I have done, at last I came to a summarized version of this critical framework or methodology in searching, analyzing and resolving the matter.
Steps are:
1. Listen to the problem/story
2. Identify the key problems
3. Undertake internal and external analysis + data collection
4. Look at possible action need to be taken in resolving the problem based on helicopter view or according to strategic methodology
5.a. Use strategic menu as the methodology for basis of implementation to ensure competitiveness
5.b.Use the strategic 8 implementation component as a check list. Apply.
6.Implement, monitor and make corrective actions along the way
With this methodology, you are almost able to identify and propose the framework for a solution. However you still need to elaborate on your proposal based on the framework above for convincing to key management.
Note:
For Internal analysis, the we can use the tools:
a. Resource Analysis
b. Value chain analysis
For external analysis we can use the tools:
a. 5 competitive pressure
b.Rival positioning strategic map - to determine the nearest 2 competitors and the weakest 2
c. Competitors analysis
If we want to focus more to improve the effciency of the value chain, make sure to use the analysis of the value chain in detail, then it is good to use FTY & RTY
To improve the value chain, we can use the ER2C- Eliminate, reduce, Raise, and Create. This is for the process in the value chain in ensuring to achieve the cost reduction.
Any questions can e-mail me at: zulkuflizz@gmail.com or my facebook at: mohd zulkufli zakaria
Note:
For Internal analysis, the we can use the tools:
a. Resource Analysis
b. Value chain analysis
For external analysis we can use the tools:
a. 5 competitive pressure
b.Rival positioning strategic map - to determine the nearest 2 competitors and the weakest 2
c. Competitors analysis
If we want to focus more to improve the effciency of the value chain, make sure to use the analysis of the value chain in detail, then it is good to use FTY & RTY
To improve the value chain, we can use the ER2C- Eliminate, reduce, Raise, and Create. This is for the process in the value chain in ensuring to achieve the cost reduction.
Any questions can e-mail me at: zulkuflizz@gmail.com or my facebook at: mohd zulkufli zakaria
3 comments:
Thank you for providing an idea, may i ask if you can help me a bit more?
I am working for a company analysis, the company is not doing well financially as its revenue going down due to macroeconomic reasons and also due to lower pricing offers from its Chinese competitors...
I am wondering if you could help me suggesting a methodology to look deeply into it and to come up to some conclusion and recommendations...!!!
Looking forward to see your response
Salam. Actually to resolve is in 2 ways:
1. You must do your value chain analysis -
a. Revamp your key cost structure
b. Improve your customer value
2. You must look at your nearest 2 competitor using strategic Map and evaluate their most probable value chain as what you ahve done to your own.
Salam. Actually to resolve is in 2 ways:
1. You must do your value chain analysis -
a. Revamp your key cost structure
b. Improve your customer value
2. You must look at your nearest 2 competitor using strategic Map and evaluate their most probable value chain as what you ahve done to your own.
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