Strategic Management: HR, Innovation, and Commerce
Management by Objectives: Location of Targets
This approach motivates individuals with high-level needs. It consists of three phases:
- The superior and subordinate meet to establish objectives for the upcoming period.
- Regular meetings are held to review progress.
- At the end of the period, a meeting is held to assess the results.
Whenever possible, objectives should be expressed numerically. Once goals are established, it is the subordinate’s responsibility to achieve them. If they are not successful,
Read MoreEntrepreneurship: From Idea to Business Launch
Topic 1: Discovering, Evaluating, and Exploiting Business Opportunities
“Entrepreneurship is the process of discovery, evaluation, and exploitation of opportunities; and the set of individuals who…”
Discovering an Opportunity
An opportunity is anchored in a product or service, which creates or adds value for its buyer or end-user. A chance to meet a market need. To perceive a possibility for a new profit.
Evaluating an Opportunity
The value, rarity, inimitability, and fit of an opportunity. Intuition,
Read MoreStrategic Business Analysis Models: Porter’s Five Forces, BCG Matrix, and More
Porter’s Five Forces (Competitive Analysis)
1. Intensity of Competition
- Numerous and balanced competitors
- Industry’s growth rate: Will it grow in the future?
- Exit barriers:
- Medium: Heavy industry with high investments.
- High: High cost structure = high intensity.
- Product differentiation:
- Medium: Brand awareness (low).
- High: High differentiation: seats, mobility, etc. (high).
2. Threat of Entry
- Reaction of established competitors:
- High intensity: Big companies can react and play aggressively.
- Medium intensity:
Construction Agents: Roles and Responsibilities
Agents of the Building
Agents of the Building: Natural persons or legal entities involved in the construction process under current law.
Promoter
Promoter: A natural or legal person, public or private, who initiates, promotes, and finances the construction works. Their duties include:
- A) Taking ownership of the land.
- B) Facilitating the documentation and information necessary to draft the project.
- C) Obtaining the building permit and/or other administrative authorizations.
- D) Subscribing to the Certificate
Corporate Budgeting, Reporting, and Transfer Pricing
Budgeting and Reporting
How Classical Budgeting Solves Corporate Management Problems
Classical budgeting addresses three key aspects of corporate management:
- Coordination: The budget serves as a roadmap to achieving objectives. It quantifies the plan and acts as a coordination tool, breaking down overall goals into sub-budgets for individual units.
- Motivation: Budgets tie performance to incentives. Employees are motivated to meet objectives through bonus payments and commissions.
- Forecast: Budgeting
Project Development: Stages, Processes, and Feasibility
What is a Project?
General Definition: A project is a design or purpose, a thought-out plan to achieve something.
Technical Definition: A project is a set of documents, calculations, and drawings that provide a comprehensive idea of what needs to be done and the estimated cost of a specific endeavor.
Project Stages
- Inception: This stage involves conceptualization, defining the project’s value proposition, assessing opportunity costs, and determining pre-feasibility.
- Execution: This stage encompasses