OPPapers.com Essay Index >> Business >> Statistics Planning
We have many free term papers and essays on Statistics Planning. We also have a wide variety of research papers and book reports available to you for free. You can browse our collection of term papers or use our search engine.
Statistics Planning. Business – must be viewed as a customer-satisfying
process and not a goods-producing process. Three dimensions ...
... Planning and Conducting Experiments explains experiments in depth; going over
confounding, control ... how it can be used to find sample statistics and comparing ...
... is unable to meet the demands of the market, which has stimulated the human resource
professionals to think of succession planning. Some statistics in favor of ...
... Businessmen and economists consider statistics as a vital tool in planning and
controlling production and distribution of goods and services, in formulating ...
... These are the routine tasks of scheduling, human resource tasks, and daily statistics
which are looked at when planning for future staffing and projects. ...
Submitted by jhorrilleno on May 12, 2008
Category: Business
Words: 1400 | Pages: 6
Views: 86
Popularity Rank: 94,993
Average Member Grade: N/A (Add a Comment / Grade this Paper)
Business – must be viewed as a customer-satisfying process and not a goods-producing process.
Three dimensions to define business: (a great example, a business designing incandescent lighting systems)
1. Customer groups – [the people] = Television groups
2. Customer needs – [the benefit] = lighting
3. Technology – [new ideas to expand] = incandescent lighting
STRATEGIC BUSINESS UNITS (SBUs) – a business unit that can benefit from separate planning faces, specific competitors, and is managed as a profit center.
Three Characteristics:
1. It is a single business of collection of related businesses that can be planned separately from the rest of the company
2. It has its own set of competitors
3. It has a manager who is responsible for strategic planning and profit performance and who controls most of the factors affecting profit.
* The purpose of identifying the company’s strategic business units is to develop separate strategies and assign appropriate funding. *
BOSTON CONSULTING GROUP MODEL (BCG) developed the growth-share matrix matrix, which is used for classifying businesses by profit potential.
THE GROWTH MATRIX:
• 8 Circles – represents the current sizes and positions of 8 business units in a hypothetical company.
Dollar – Volume size of each business is proportional to the circle is area.
• Market Growth Rate (on vertical axis) indicates the annual growth rate of the market, which the business operates.
• Relative Market Share (on horizontal axis) refers to the SBU’s market share relative to that of its largest competitor, it serves a s a measure of the company’s strength in the relevant market.
Four Cells of Growth – Share Matrix:
1. Question marks – Business that operates in high-growth markets but have low relative market shares. Question marks represent thinking; in...
You must Login to view the entire paper.
If you are not a member yet, Sign Up for free!