Find out more Analysis of Business Data Core This module aims to introduce some quantitative techniques fundamental to the analysis of business data. It seeks to promote a critical awareness and understanding of some of the processes, techniques and technology by which numerical information can be collected and communicated. Students have the opportunity to practice the systematic use of appropriate industry-standard computer technology for the acquisition, analysis and presentation of data for example, Excel or SPSS. This module encourages students to understand a range of core communication models and theories, in order for them to be able to analyse the likely impact of media messages on target audiences.
You have to look at the work you do to manage your company and ask yourself whether each activity brings you closer to your goals.
Such a critical approach lets you improve your strategies to align them more closely with your objectives.
Objectives Managers responsible for developing strategies often focus on narrow objectives such as increasing profit or revenue. Critical analysis broadens the context to include company-wide and societal factors.
You have to integrate immediate company goals and larger objectives. Critical analysis requires that you consider input from all stakeholders before completing directions for the company and that you place these objectives in the context of basic values and ultimate results.
Such an approach might, for example, lead to a strategic goal of delivering greater value to customers rather than one of gaining market share by cutting prices. Process Critical analysis of the strategic management process focuses on the way managers develop strategies to achieve company goals.
Since carrying out the strategy requires the support of the whole company, you have to evaluate how well you achieve such an acceptance of your strategy.
You can build consensus by demonstrating to employees that the strategy looks after their interests, while motivating employees to look beyond their own interests to the well-being of the group as a whole. An example is profit-sharing, which rewards each team member but only to the extent that the team as a whole performs well.
Implementation How successful you are in implementing a strategy shows you how effective you are as a manager.
A top-down implementation, with policies and procedures developed by management, is common, but a critical analysis shows that a bottom-up process improves results.
You can implement a strategy more successfully by delegating the authority to carry out tasks to the working level. If employees believe that delivering greater value to the customer is a worthwhile strategy and they have had a say in how the company proposes to reach this objective, they will be motivated to carry out the work.
Success Factors After evaluating strategic management, a critical analysis establishes factors for success. Typical factors are how successfully you involve the whole organization in strategy development, how well you delegate responsibilities, the transparency of your communication style and to what extent outcomes match your targets.
This critical approach ensures that managers look beyond their own preferences and narrow focus to promote inclusive attitudes. While the details of the critical analysis may vary for different companies, the orientation is always toward including more employees in strategy development and basing it on fundamental values.The La Trobe MBA is highly rated both in Australia and internationally.
It is consistently awarded the highest possible rating of 5 stars by the Graduate Management Association of Australia, and it was also recently ranked in the top 20 MBA programs globally in the Global Green ranking of .
Such interpretation is commonly used in the context of marketing strategy theory. The next assumption is concerned with the very fundamental content of a strategy.
It is assumed that the strategy is designed to adjust company's resources to environmental conditions (Lyon, ). This MSc programme provides students with an understanding of marketing strategies and practices in a global context, by analysing the global marketing environment, culture and behaviours, marketing opportunities and strategy options.
Critically Analyse the Marketing Strategy and Marketing Mix of a Recent Successful Marketing Innovation in the Financial Services Industry. Words Jun 20th, 11 Pages Critically Analyse the Marketing Strategy and Marketing Mix of a recent successful Marketing innovation in the financial services industry.
The Course. The BA (Hons) Advertising and Marketing degree at Lincoln offers the opportunity to develop the creativity, knowledge and skills to deliver successful global campaigns, in preparation for a career in the creative industries.
Sports Communications and Marketing is a practical degree that combines specialist industry knowledge with a range of transferable skills in communications and marketing.