Saturday, 14 December 2019

Unit 6: Organisational Appraisal: Internal Assessment


Unit 6: Organisational Appraisal:   Internal Assessment

Culture is a powerful component of an organisation's success, laying the tracks for strategy to roll out on.

It is the foundation for profit, productivity and progress.

While it can accelerate getting to the next level of performance, it can just as easily act as drag.

Culture-strategy Fit is a leading organisational culture consulting firm conducting ground breaking culture diagnosis and change projects to help organisations leverage their culture to drive strategy and performance.

It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective.

A value chain is a chain of activities.

Products pass through all activities of the chain in order and at each activity the product gains some value.

The chain of activities gives the products more added value than the sum of added values of all activities.

It is important not to mix the concept of the value chain with the costs occurring throughout the activities.

Benchmarking is an improvement tool whereby a company measures its performance or process against other companies' best practices, determines how those companies achieved their performance levels.

Benchmarking uses the information to improve its own performance.

Assimilation: The acquired firm willingly surrenders its culture and adopts the culture of the acquiring company.

Benchmarking: The concept of discovering what is the best performance being achieved, whether in your company, by a competitor, or by an entirely different industry.

Cultural Fit: Compatibility of culture with other arenas. Deculturation involves imposition of the acquiring firm's culture forcefully on the acquired firm.

Integration involves merging the two cultures in such a way that separate cultures of both firms Notes are preserved in the resulting culture.

Value Chain: Value chain is 'a string of companies working together to satisfy market demands.

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