Saturday, 25th May 2013

Why Adjusting Journal Entries Prepare

At the end of each financial year, business organizations need to make some adjustments from different kinds of financial transactions occurred during the financial year in an organization, these adjustments are known as adjusting journal entry. Adjusting journal entries are usually made at the time of preparing financial statements at the end of financial year …

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franchise business, franchise, franchising, strategic alliance

What is Franchise

Franchising is very much similar to branching business. Franchising is a system for selectively distributing goods and services through outlets owned by the retailer or dealer. Basically, a franchise is a patent or trademark license, entitling the holder to market particular products and services under a brand name or trademark according to predetermined terms and conditions to a franchise …

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electronic commerce, E-commerce, digital products, digital business

What are the Key Benefits of Using E-commerce

The Internet has opened up a new horizon for trade and commerce, namely electronic commerce (e-commerce). E-commerce entails the use of the Internet in the marketing, identification, payment and delivery of goods and services. Using electronic commerce business organizations can be able to create competitive advantage over its competitors who are not using electronic commerce feature. Now every …

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credit risk, financial risk, liquidity risk, market liquidity risk, core risk in banks, core risk in commercial bank

What is Credit Risk and How it is Managed by Banks

Credit risk arises from the potential that a bank’s borrower will fail to meet its obligations in accordance with agreed terms and conditions. Credit risk also refers the risk of negative effects on the financial result and capital of the bank caused by borrower’s default on its obligations to the bank. Generally, credits are the …

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Accountant, Chartered Accountant, financial analyst, certified public accountant

Professional Accountant

Today’s job market prefers corporate executives having sound theoretical backgrounds coupled with effective and state-of-the-art communication exposures. Accountants’ role has undergone a substantial change and they no longer are the number crunchers, rather they are taking up top positions by dint of their sophisticated analytical ability. If we look at the boards of giant local …

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Why Adjusting Journal Entries PrepareWhat is FranchiseWhat are the Key Benefits of Using E-commerceWhat is Credit Risk and How it is Managed by BanksProfessional Accountant

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Business Strategy

Key Concept:: 

Strategic analysis: business’s purpose, in terms of its stated mission, objectives and critical success factors- weaknesses in its strategic management systems- sustainable development issues- global macroeconomic forces- international trade and financial systems- government policies- industry developments- cultural environment- stakeholder impact- current markets- markets for finance, labor and other resources- business’s current markets and competitive strategy- impact on the strategy of the business- current financial resources- the governance and management structures.

Strategic choice: strategy formulation as part of the strategic management process- alternative strategies available to a business- the face of changing consumer demand- analyze financial and other data- maximize competitive advantage- stakeholder risk preferences and ethical stance- business’s current position from a financial perspective.

Implementation of strategy: business’s overall strategy and its functional Strategies- business plan- assess an entity’s business plan- advantages and disadvantages of alternative business structures- different types of organizational structure- developing a specific business- business’s strategic objectives- create competitive advantage- key stages in a change management project- planning and implementation of a change project.

Questions and Answer Section:

Permanent link to this article: http://icabtutorial.com/ca-under-icab/ca-application-level/business-strategy/

Study Materials

What is Forward Rate Agreement?  Factors Affecting Price Elasticity of Demand? What is Currency Option? What is Industry Life Cycle?  What is FOB Shipping Point and FOB Destination?

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