Developing successful business strategies : gaining the competitive advantage

190 Pages·2015·5.58 MB·English

by  Reider

THE BUSINESS Developing Successful R Strategic Management Collection
E
EXPERT PRESS I
Business Strategies D William Q. Judge, Editor
DIGITAL LIBRARIES E
R
Gaining the Competitive Advantage
EBOOKS FOR
BUSINESS STUDENTS Rob Reider
Curriculum-oriented, born- Developing Successful Business Strategies presents effective
digital books for advanced planning of business strategies and related budgeting Developing
business students, written concepts, and those activities necessary for the successful
by academic thought growth of the organization. The planning process is shown
leaders who translate real-
to be an integral function of developing management
Successful
world business experience
strategies for future growth and the gaining of competitive
into course readings and
advantage in these fast moving times.
reference materials for
Budgeting is presented as a logical outgrowth and an
students expecting to tackle D Business
management and leadership essential part of the planning process, rather than an E
V
challenges during their independent internal activity. This book emphasizes the E
L
professional careers. principal factors that should be considered in planning O
P Strategies
and budgeting for the company, what management and I
N
POLICIES BUILT operations personnel must know to better understand G
BY LIBRARIANS S
effective planning for the business, and what can be done U
• Unlimited simultaneous C
to enhance the overall strategic and financial planning for C Gaining the Competitive
usage E
the organization. S
• Unrestricted downloading S
and printing Inside, you’ll learn of the relationship between e ffective FUL Advantage
• Perpetual access for a planning methods (long-term and short-term) and the B
one-time fee budgeting and control processes. We will also explore the U
S
• No platform or interaction and interdependence of strategic planning IN
maintenance fees (long and short term), detail planning, b udgeting, and ES
S
• Free MARC records monitoring processes, and will demonstrate how planning S
• No license to execute T
is an essential first step in the preparation of an effective R
A
The Digital Libraries are a budget for the organization. T
E
comprehensive, cost-effective G
way to deliver practical Rob Reider, CPA, MBA, PhD, is the president of Reider IE
S Rob Reider
Associates, a  management and organizational consulting
treatments of important
firm located in S anta Fe, New Mexico, that he founded in
business issues to every
January 1976. He received his bachelor’s and master’s
student and faculty member.
degrees from Drexel University and his PhD from
Southwest University. Rob has published numerous
articles in professional journals and has been a presenter
For further information, a at various professional meetings and conferences. He is
free trial, or to order, contact:  the author of nine professional management books and
five works of fiction.
[email protected]
www.businessexpertpress.com/librarians Strategic Management Collection
William Q. Judge, Editor
ISBN: 978-1-63157-079-7
Developing Successful
Business Strategies

Developing Successful
Business Strategies
Gaining the Competitive
Advantage
Rob Reider
Developing Successful Business Strategies: Gaining the Competitive
Advantage
Copyright © Rob Reider, 2015.
All rights reserved. No part of this publication may be reproduced,
stored in a retrieval system, or transmitted in any form or by any
means—electronic, mechanical, photocopy, recording, or any other
except for brief quotations, not to exceed 400 words, without the prior
permission of the publisher.
First published in 2015 by
Business Expert Press, LLC
222 East 46th Street, New York, NY 10017
www.businessexpertpress.com
ISBN-13: 978-1-63157-079-7 (paperback)
ISBN-13: 978-1-63157-080-3 (e-book)
Business Expert Press Strategic Management Collection
Collection ISSN: 2150-9611 (print)
Collection ISSN: 2150-9646 (electronic)
Cover and interior design by Exeter Premedia Services Private Ltd.,
Chennai, India
First edition: 2015
10 9 8 7 6 5 4 3 2 1
Printed in the United States of America.
Abstract
This book presents effective planning of business strategies and related
budgeting concepts, and those activities necessary for the successful
growth of the organization. The planning process is shown to be an
integral function of developing management strategies for future growth
and the gaining of competitive advantage in these fast moving times.
Budgeting is presented as a logical outgrowth and an essential part of the
planning process rather than an independent internal activity. The book
emphasizes the principal factors that should be considered in planning and
budgeting for the company, what management and operations personnel
must know to better understand effective planning for the business, and
what can be done to enhance the overall strategic and financial planning
for the organization.
The intent of the book is to introduce and explain the relationship
between effective planning methods (long-term and short-term) and the
budgeting and control processes. The program concentrates on practical
approaches to organizational planning and integration with budgeting
as well as enhancing familiarity with related concepts and methodology.
The book is designed for those who desire to increase their knowledge and
practical use of planning and budgeting techniques as a means of achieving
improved organizational effectiveness. In addition, the book intends to
show the interaction and interdependence of the strategic planning (long
and short term), detail planning, budgeting, and m onitoring processes
and to demonstrate how planning is an essential first step in the prepara-
tion of an effective budget for the organization.
Keywords
budgeting, business models, competitive advantage, detail planning,
external analysis, forecasting, front-end strategy analysis, internal analysis,
long-term planning, organizational planning systems, planning, short-
term planning, situational analysis, strategic planning, strategies, strategy
development

Contents
Preface ��������������������������������������������������������������������������������������������������ix
Chapter 1 Internal Operational Planning Considerations ..................1
Chapter 2 Strategic (Long-Range) Planning ....................................39
Chapter 3 The Short-Term Operating Plan .....................................71
Chapter 4 Budgeting and Profit Planning ......................................103
Chapter 5 Management Reporting and Control ............................131
About the Author ��������������������������������������������������������������������������������167
Other Books by Rob Reider ������������������������������������������������������������������169
Index �������������������������������������������������������������������������������������������������171

Preface
The major focus of this how-to book is to discuss and present effective
planning and budgeting concepts and those related activities necessary
for the successful growth of the organization. The planning process is
shown to be an integral function of developing management strategies for
future growth and for gaining competitive advantage in these fast-moving
times. Budgeting is presented as a logical outgrowth and an essential part
of the planning process rather than an independent internal activity. The
emphasis is on the principal factors that should be considered in plan-
ning and budgeting for the company, what management and operations
personnel must know to better understand effective planning for the busi-
ness, and what can be done to enhance the overall strategic and financial
planning for the organization.
Questions that will be addressed and hopefully answered to your sat-
isfaction include the following issues and concerns:
1. What is the relationship between planning and budgeting activities?
2. What are the major elements of the strategic planning process?
3. How are short-term and detail-planning activities integrated as part
of the overall planning process?
4. What are significant budgeting and profit-planning issues to consider?
5. What are some effective practices to effectively implement business
strategies so that the company can be most effective and gain the
competitive advantage?
6. How are management control and reporting concepts used to close
the planning loop and ensure successful implementation of planning
and budgeting activities?
The intent of this book is to introduce and explain the relationship
between effective planning methods (long term and short term) and the
budgeting and control processes. The material concentrates on practical
approaches to organizational planning and integration with budgeting as