Latest Version |Already Graded A+
1. Benchmarki
7 stages;
ng types and
process Objectives
KPIs
Selection
Measureme
nt
Compariso
n
Improveme
nt
Monitoring
3
types;
Internal
;
easy to access data
May not be as useful if divs are already in communication
External/
competitive;
2. Strategic More useful
Man- Harder to access data
agement ac-
counting vs. Functional;
tra-ditional Can help guide best processes
Diflculty in obtaining data
Relevance of data
, APM ACCA Exam with all Correct & 100% Verified Answers |
Latest Version |Already Graded A+
Management internally generated info.
accounting where the
emphasis is on external Involves more than simply measurement, it helps an organisation to achieve
factors to the orga- its objectives by helping to take ettective control and improve business
nization, non-financial processes
information, and
Traditional; internal financial focus
, APM ACCA Exam with all Correct & 100% Verified Answers |
Latest Version |Already Graded A+
3. Porter's Model developed by strategy expert Michael Porter that identifies five
Five Forces competitive forces that influence planning strategies.
Forces;
New entrants, buyers, suppliers, substitutes = competitive rivalry
Issues;
assumes static market conditions
external focus
I.D of industry
4. BCG Matrix analyzes business opportunities according to market growth rate and market
share
Relative market
share High Low
star ????
Market
growth
Low cash cow Dog
issues;
I.D of industry
too simplistic
doesn't consider relationship between divs
5. Mission describes the organizations overriding purpose, strategy, policies and
state-ments values in line with shareholders expectations
Should be brief, distinctive, flexible and provide clarity
Advantages;
, APM ACCA Exam with all Correct & 100% Verified Answers |
Latest Version |Already Graded A+
Focuses performance
measures & goal
congruence