Strategic Business Leader Revision · 4. Nomination committee • Size • Balance • Diversify...
Transcript of Strategic Business Leader Revision · 4. Nomination committee • Size • Balance • Diversify...
Strategic Business Leader
Revision
Sdanvi Shi
SBL Tutor Guru
29th June
© ACCA PUBLIC
Webinar agenda
1. Strategic choices and Environmental analysis
2. Ethics
3. Corporate governance, Internal control and Risk management
4. Financial analysis
5. Technology
6. Change management
© ACCA PUBLIC
1. Strategic choices and environmental analysis
Portfolio analysis tool
1. Why?
2. what?
– Lifecycle analysis
– BCG matrix
– Public portfolio matrix
3. Extend?
– BCG matrix
– Public portfolio matrix
Question mark Stars Cash cow Dog
Introduction Growth Maturity Decline
Relative market share & Market growth rate
Ability& Need
© ACCA PUBLIC
1. Strategic choices and environmental analysis
Ansoff Matrix (growth strategy)
1. Why?
– Direction of growth
2. what?
– Product
– Market
3. Extend?
– Identify
–Advantages and disadvantages
Market penetration
Market development & Product development
Diversification – related & unrelated
Adding new risk & risk spreading(extend)
© ACCA PUBLIC
1. Strategic choices and environmental analysis
Methods of development
1. What?
– Organic
– M&A
– Franchising
2. Extend?
–Advantages and disadvantages
© ACCA PUBLIC
1. Strategic choices and environmental analysis
Competitive advantages
1. what?
– Cost leadership
– Differentiation
– No frills/ hybrid(clock)
2. Extend?
– How to maintain
© ACCA PUBLIC
1. Strategic choices and environmental analysisEnvironmental analysis
1. General business environment – PESTEL
2. National environment – Diamond
3. Industry environment – 5 forces
4. Internal environment – Value chain
5. SWOT
6. Evaluation of different options – SFA
Political Economic Social Technological Environmental Legal
Factor Demand Related industry Firm strategy, structure and rivalry Chance Government
Buyers Suppliers New entrants Substitutes Competition
Inbounds Operations Outbounds Marketing & sales Services
HR Technology Procurement Infrastructure
© ACCA PUBLIC
1. The two basic issues in ethical decision-making are :
• The right motive
• The right action
2. Tucker’s 5 question model
3. Corporate codes of ethics / Professional codes of ethics
4. Corporate' social responsibilities
• CSR strategy
• Strategic CSR
5. Corporate citizenship: minimizing harm, maximizing benefit,
and being accountable and responsive to stakeholders.
2. Ethics
Profit Legal Fair Right Sustainability
Competence and due care Professional behaviour Integrity Confidentiality Objectivity
© ACCA PUBLIC
6. Environmental report
• Sustainability
• GRI
• Purposes and benefits
7. TBL accounting – profit people planet
8. Integrated report
• Use of and dependence on different resources
• Value creation process
2. Ethics
© ACCA PUBLIC
3. Corporate governance
1. Main management styles
• Autocratic
• Democratic
2. NED
• Roles and benefits
• Independence
3. Firm structure & Board structure
• Unitary and multi-tier
• Refer to case
© ACCA PUBLIC
3. Corporate governance
4. Nomination committee
• Size
• Balance
• Diversify
• Succession and continuity
• Induction and leaving the board
5. Remuneration committee
• Policy setting
• Package setting
• Disclose
Talent management
• Attracting
• Subsequently identifying
• Coaching in management and leadership skills
• 以结果为导向的有效沟通
✓ With other 'talented' individuals
✓ With senior management and board level executives
✓ With key organizational customers
• CEO in the Talent management
✓ Lead the talent management
✓ Set the needs for talents
✓ Driving force in attracting talents
© ACCA PUBLIC
3. Corporate governance
6. Audit committee
• All NED with at least one financial expert
• Internal audit – whether need to have one & annual review
• Risk committee: NEDs and EDs
7. Risk management
• Identify the risks
• Risk management – TARA & risk appetite
• Internal controls(preventing and detecting) – aims & factors to be considered & challenges
• ALARP
Scope, Authority, Resources and Independence
© ACCA PUBLIC
4. Financial analysis1. NPV
• Discounted cash flow
2. Payback period
• Cash flow (ignore time value)
• Ignore cash flow after payback period
3. Funding
• Cash retained
• Debt
• Equity (Venture)
4. Forecasting
• Internal focus; historical data; limited data
5. Scepticism (assumptions)
© ACCA PUBLIC
5. Technology
1. Big data
• 3Vs
• Cloud computing
• AI
• Benefits and challenges
2. Disruptive technology
• Fintech
• Cryptocurrency
• DLT
• Mobile technology
© ACCA PUBLIC
5. Technology
3. E-procurement and E-marketing
• Automating
• Benefits and risks
4. E-marketing
• 6Is
• 7Ps
© ACCA PUBLIC
6. Change management
1. Cultural web
2. Process redesign
• Complexity => automate or not
• Importance => outsource or not
• BPR(simplification, improvement)
3. Change management
• Prepare for change
• Implementing
• Not going back
symbol, story, organizational structure, power structure, control system, rituals and routines, paradigm
Off-the-shelf vs bespoke
© ACCA PUBLIC
6. Change management
4. PID
• Elements
• Business case
• Post-implementation review
PID
Project objectives
Anticipated benefits
Scope
Deliverables/outcomes
Constraints
Key stakeholders
Project team roles
Risk assessment
Cost estimates
Performance measurements
© ACCA PUBLIC
Any questions?
© ACCA PUBLIC
Thank you!