International Business Growth Radio Network
  • HOME
    • YOU >
      • Grow with Us
      • Themes
      • FAQ
    • US >
      • North American Partners >
        • North American Hosts
        • North American Directory
      • Australasia Partners >
        • Australasia Hosts
        • Australasia Directory
      • South Asia Partners >
        • South Asia Hosts
        • South Asia Directory
      • Prime Meridian Partners >
        • Prime Hosts
        • Prime Directory
      • Exec Team
    • LISTEN NOW >
      • OnAir TODAY
      • Show Notes
      • Podcasts
  • News
  • Blog
  • NETWORK
    • Sponsor Network
    • Special Preferences
    • Privacy
  • NOTES
  • Community
  • APP
  • SHOP

show notes

Stages of Development

Episode E.002 Core Processes - Strategy & Finance

28/4/2020

0 Comments

 
Core Systems & Processes
Strategic System

Strategy Formulation (S1) 
One of two processes for determining long-term brand identity and creating strategy or direction, and deciding on allocating its resources to pursue this strategy, including capital and people. Various business analysis techniques can be used in strategic planning, including SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats), ECCP analysis (Economic, Competitor, Customer, and Product (Service), STEER analysis (Socio-cultural, Technological, Economic, Ecological, and Regulatory factors), and EPISTEL (Environment, Political, Informative, Social, Technological, Economic and Legal). We use RESZ (Regulatory, Economic, Scientific, Zeitgeist), our own model for mapping the strategic landscape. 
S1 Competence Level
  • Level 1: Business Wide
  • Level 2: Departmental & Work Group
  • Level 3: Individual
  • Level 4: Vertical Alignment

Resource Deployment (S2)
The second of two strategy processes it focuses on making resource decisions. Also known as budgeting, the aim is to ensure major yearly initiatives are funded and everyone in the organization has a line of sight to achieve business results. Instead of using the traditional historical approach (last year plus), most successful organizations are using a "venture capital" or "zero based" approach. This has all of the parts of the company building implementation plans and competing for funding based upon results promised.
S2 Competence Level
  • Level 1: Incremental
  • Level 2: Activity Based
  • Level 3: Values Based
  • Level 4: Zero Based

Financial System
Financial Accounting (F1)
One of two financial processes that prepares financial statements for decision makers, stockholders, suppliers, banks, employees, government agencies, owners, and other stakeholders. It is also used to prepare accounting information for people outside the organization or not involved in the day to day running of the company. It is a trailing indicator or metric of past performance.
F1 Competence Level
  • Level 1: Record Transactions
  • Level 2: Actionable Reports
  • Level 3: Forecasting
  • Level 4: Return On Investment

Managerial Accounting (F2)
The second of two financial processes is concerned with the use of accounting information by managers within organizations, providing them with the basis of informed business decisions. It allows them to be better equipped in their management and control functions. In contrast to financial accountancy information, management accounting information is designed and intended for use by managers within the organization, instead of being intended for use by shareholders, creditors, and public regulators.
F2 Competence Level
  • Level 1: Cost Allocation
  • Level 2: Cost Control
  • Level 3: Cost Planning
  • Level 4: Lowest Cost Producer
0 Comments



Leave a Reply.

    new choice for BUSINESS SEARCH

    ​All IBGR Shows Notes are available for download

    Authors

    - (NA) North American Radio Hosts
    ​- (AA) Australasian Radio Hosts
    - (SA) South Asian Radio Hosts
    - (PM) Prime Meridian Radio Hosts

    Archives

    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020

    Categories

    All
    Season 1 - A. Strategy
    Season 1 - B. Operations
    Season 1 - C. Sales
    Season 1 - D. People
    Season 1 - E. Ownership
    Season 1 - F. Coaching & Consulting
    Season 2 - A. Financial Results
    Season 2 - B. Operational Productivity
    Season 2 - C. Sales Effectiveness
    Season 2 - D. People Performance
    Season 2 - E. Owner As Executive
    Season 3 - C. Customers
    Season 3 - E. Executive
    Season 3 - F. Finances
    Season 3 - IBGR Specials
    Season 3 - O. Operations
    Season 3 - P. People
    Season 3 - Special Series
    Season 4 - Customers
    Season 4 - Executive
    Season 4 - Finance
    Season 4 IBGR Specials
    Season 4 - Market Domination
    Season 4 - Operations
    Season 4 - People
    Season 4 - SPECIAL SHOW
    SPECIAL EPISODE

    RSS Feed

Site powered by Weebly. Managed by Radio.co, Designed by gWORX Media
Photo used under Creative Commons from magerleagues
  • HOME
    • YOU >
      • Grow with Us
      • Themes
      • FAQ
    • US >
      • North American Partners >
        • North American Hosts
        • North American Directory
      • Australasia Partners >
        • Australasia Hosts
        • Australasia Directory
      • South Asia Partners >
        • South Asia Hosts
        • South Asia Directory
      • Prime Meridian Partners >
        • Prime Hosts
        • Prime Directory
      • Exec Team
    • LISTEN NOW >
      • OnAir TODAY
      • Show Notes
      • Podcasts
  • News
  • Blog
  • NETWORK
    • Sponsor Network
    • Special Preferences
    • Privacy
  • NOTES
  • Community
  • APP
  • SHOP