Strategy & Organization at Frankfurt School Of Finance & Management | Flashcards & Summaries

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What is the vertical production range? 

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It shows how much percent of the whole value chain is actually created by the company itsself. 

Companies nowadays tend to a lower VRP because of more outsourcing. 


Value that is provided by the company itsself /
Value provided in total

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TESTE DEIN WISSEN

What are the four factors around the company? 

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Environmental conditions (PESTEL)


Competition (regional; national; global)


Market especially customers with their needs, wishes and requirements


Outputs (products services)

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TESTE DEIN WISSEN

Why must a company align its self strategically?

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TESTE DEIN WISSEN

Because a company should not only do their business right (efficiency) but do the right business (effectivity) 

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TESTE DEIN WISSEN

What are the basic elements of a strategy? 

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Vision (Who are we?) 


Strategic objectives (Where do we want to go?) 


Basic strategy and success potential (How do we want to achieve our objectives?) 


Strategies of SBUs and Service units 

(Which resources are needed to implement strategy?) 

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TESTE DEIN WISSEN

Define "Strategy"

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fundamental long term behavior of a firm and its relevant sub groups towards its environment to reach long term goals 

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What are important factors for leadership/employment in a company?

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increasing number of employees 


concepts for leadership (could be management by objectives)

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What does "changes management" describe? 

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TESTE DEIN WISSEN

Management has to react to more and more changes due to the fast and everchanging environment 

Companies should be transformed in so called learning companies 

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TESTE DEIN WISSEN

What is one of the most important considerations before talking about a strategy?

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TESTE DEIN WISSEN

To evaluate on what are the customers wishes and needs because they are the actual reason why a company  exists

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TESTE DEIN WISSEN

Why one doesnt start with the product? 

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TESTE DEIN WISSEN

Because in the first place one has to know what the customers want and what is important for them

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TESTE DEIN WISSEN

What is the problem of an accounting approach on value creating? 

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TESTE DEIN WISSEN

It is only applyable for a whole company and difficult to use for SBUs (it does not differ between different value chain parts) 

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TESTE DEIN WISSEN

How does accounting approach value creating? 

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TESTE DEIN WISSEN

By calculating the value creation 


Gross production value (revenue) 

- preliminary work (Vorleistungen) 

- depreciations 


= value creation 

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TESTE DEIN WISSEN

What are the four steps for a company for creating value? 

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1. Organizations inputs

Obtains inputs from environment (raw materials; human resources; capital; knowledge) 



2. Organizations conversion process

Transforms inputs and adds value to them (machinery; computers; human skills) 


3. Organizations outputs 

releases outputs to its environment (finished goods, services, dividends, salaries) 


4. Organizations environment 

sales of outputs allow organizations to obtain new supplies of units (in general stakeholders) 


--> in the end a company depends on the environment in all business aspects 

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Q:

What is the vertical production range? 

A:

It shows how much percent of the whole value chain is actually created by the company itsself. 

Companies nowadays tend to a lower VRP because of more outsourcing. 


Value that is provided by the company itsself /
Value provided in total

Q:

What are the four factors around the company? 

A:

Environmental conditions (PESTEL)


Competition (regional; national; global)


Market especially customers with their needs, wishes and requirements


Outputs (products services)

Q:

Why must a company align its self strategically?

A:

Because a company should not only do their business right (efficiency) but do the right business (effectivity) 

Q:

What are the basic elements of a strategy? 

A:

Vision (Who are we?) 


Strategic objectives (Where do we want to go?) 


Basic strategy and success potential (How do we want to achieve our objectives?) 


Strategies of SBUs and Service units 

(Which resources are needed to implement strategy?) 

Q:

Define "Strategy"

A:

fundamental long term behavior of a firm and its relevant sub groups towards its environment to reach long term goals 

Mehr Karteikarten anzeigen
Q:

What are important factors for leadership/employment in a company?

A:

increasing number of employees 


concepts for leadership (could be management by objectives)

Q:

What does "changes management" describe? 

A:

Management has to react to more and more changes due to the fast and everchanging environment 

Companies should be transformed in so called learning companies 

Q:

What is one of the most important considerations before talking about a strategy?

A:

To evaluate on what are the customers wishes and needs because they are the actual reason why a company  exists

Q:

Why one doesnt start with the product? 

A:

Because in the first place one has to know what the customers want and what is important for them

Q:

What is the problem of an accounting approach on value creating? 

A:

It is only applyable for a whole company and difficult to use for SBUs (it does not differ between different value chain parts) 

Q:

How does accounting approach value creating? 

A:

By calculating the value creation 


Gross production value (revenue) 

- preliminary work (Vorleistungen) 

- depreciations 


= value creation 

Q:

What are the four steps for a company for creating value? 

A:

1. Organizations inputs

Obtains inputs from environment (raw materials; human resources; capital; knowledge) 



2. Organizations conversion process

Transforms inputs and adds value to them (machinery; computers; human skills) 


3. Organizations outputs 

releases outputs to its environment (finished goods, services, dividends, salaries) 


4. Organizations environment 

sales of outputs allow organizations to obtain new supplies of units (in general stakeholders) 


--> in the end a company depends on the environment in all business aspects 

Strategy & Organization

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